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'File 35/87 VI A. 38 Muscat reforms, customs, finances' [204r] (415/440)
The record is made up of 1 volume (217 folios). It was created in 24 Aug 1924-31 Dec 1927. It was written in English and Arabic. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
P.A. Muscat 1 s letter No. K/73, dated
24th August 1927.
■ 'dzS 1
A J
A loan of 5-g-
lakhs
One lakh is equal to one hundred thousand rupees
was sanctioned in
1918.
In 1919 an increase of the capital sun
to 6tr
lakhs
One lakh is equal to one hundred thousand rupees
was proposed.
1 n seeking the approval of the Secy,
.
of State the Govt, of India stated that
the entire loan would be extinguished in
10 years (i.e. on 1st December 1929).
&ffsnrou*<L
The Secy, of State iiwfpwppfi of the increase?
on the terms suggested.
In 1920 the P.A., Muscat, suggested
that the loan should be repaid by half-
-yearly instalments of Es. 43,690/-, comm-
-cncing from 1st December 1920.
As the adoption of this suggestion
would have resulted in the liquidation of
the loan in 10-^ years instead of 10, the
Govt, of India ordered that the loan should
be repaid in 19 equated half-yearly payment
of Es. 46,740-5-0 commencing on the 1st
December 1920 (which would extinguish the
loan on 1st December 1929.
Payments under this arrangement have
regularly been made up to date.
The effect of the present proposal
would be to extend by one year the period
of 10 years fixed for the liquidation of
the loan.
As stated in the concluding paragraph
of the Finance Minister's letter, the State
would be grateful if let off the additional
year's interest on the two (reduced) final
instalments, but is prepared to pay it if
called upon to do so.
About this item
- Content
Correspondence relating to the reform of customs and finance at Muscat. Includes the contract of the Financial Adviser, Bertram Thomas and the financial statements he prepared for the state of Muscat.
Correspondents include Colonel Francis Beville Prideaux, Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. ; Bertram Thomas, Finance Minister, State of Muscat; Taimur bin Faisal [Taymūr bin Fayṣal], Sultan of Muscat; Major Gerald Patrick Murphy, Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. , Muscat; Senior Naval Officer Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. .
- Extent and format
- 1 volume (217 folios)
- Arrangement
The papers are arranged chronologically from the front to the rear of the file.
- Physical characteristics
There is one incomplete foliation sequence and one complete foliation sequence. The complete sequence is circled in pencil, in the top right corner of each folio. It begins on the title page, on number 1, and runs through to 217, ending on the inside of the back cover of the volume. Anomalies: f 22A; f 26A.
- Written in
- English and Arabic in Latin and Arabic script View the complete information for this record
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'File 35/87 VI A. 38 Muscat reforms, customs, finances' [204r] (415/440), British Library: India Office Records and Private Papers, IOR/R/15/1/419, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023468273.0x000011> [accessed 26 November 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/1/419
- Title
- 'File 35/87 VI A. 38 Muscat reforms, customs, finances'
- Pages
- front, front-i, i-r:i-v, 1r:22v, 22ar:22av, 23r:26v, 26ar:26av, 27r:215v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence