مجموعة ٣٠/ ٢٢٤ "ترتيبات العملة في المشيخات العربية في الخليج الفارسي." [و‎‎٢‎٨‎٧] (٦٢٠/٥٨٨)

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I do not feel competent to comment on the question
of currency generally beyond saying that if any attempt is
made to change the present rupee'currency a great deal of
dislocation will result® H.M.G. may in due course have to
consider minting their own rupees for use in the Gulf States*
2 . Treasuries are maintained at the Bahrain Residency
and the Muscat Agency, and sub-Treasuries at the Bahrain
and Kuwait Agencies* Except at Muscat no Treasury or
sub-Treasury holds Indian currency or maintains A currency
chest* Funds are obtainable by sale of Reserve Bank of
India drafts which arenegotiable locally at par* Treasury
and sub-Treasury funds are deposited in the local banks
and mainly operated by means of bank Cheques. If the Bahrain
Residency Treasury and the Bahrain and Kuwait sub-Treasuries
were abolished the Reserve B.jik of India drafts which are
accounted for in the Treasury accounts and adjusted through
the A.G-.C.R.’s account will be automatically withdrawn*
Thereafter so far as H.II.G-. *s offices at Bahrain and Kuwait
are concerned it will be necessary to arrange for bills to
be drawn on the London Foreign Office and negotiated at the
current rate of exchange at a local bank*. Some similar
procedure can presumably be devised for any Indian ♦; .
representatives who may be appointed®
3 . The Muscat Treasury holds Indian currency* It
handles the finances not only of the Agency but also of the
Indian Post Office to which amongst other things it issues
stamps and the Cable and Wireless station. If the Treasury
were to be abolished the Agency would have to find some
means for obtaining cash for meeting loval expenditure and
the Indian Post Office and Cable and tireless would have to
make their own arrangements for the disposal of their surplus
takings* So far as stamps are concerned I see no reason
why the Political Agent should not continue to keep these
in a strong room and issue them to the Post Office as
required* If the Post Office and Cable and Wireless send
their surplus takings of rupees out of Muscat the supply
of rupees in Muscat would quickly become exhausted and a
serious/