Coll 28/3(2) ‘Persia. Financial situation.’ [97r] (193/817)
The record is made up of 1 file (407 folios). It was created in 7 Sep 1938-1 Jan 1946. It was written in English and French. 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.
19 —
V'
the Bank Mclli. 1 lie index figures are given below:
1315 100.-
1310 121.1
1317 132.5
1318 142.7
1319 161.9
Esfand 1320 314.-
Esfand 1321 778.3
Ear vard in 1322 945.-
Ordibehesht 1322 910.-
Khordad 1322 874.-
Tir 1322 917.-
Mordad 1322 980.-
Shahrivar 1322 993.-
Mehr 1322 1031.-
Aban 1322 1(K)8.-
Azar 1322 1076.-
Dey 1322 1073.-
I hese figures show that no sueli rise in prices occurred in 1322 as
occurred in 1320 and 1321. In the months of Ordibehesht and Khordad,
prices actually declined. During the months of Mehr, Aban, Azar and Dey,
prices were relatively stable. It is true that all prices have not behaved
in ihe same manner. Some have sharply risen and continue to rise. Olliers
have changed only slightly or have fallen.
The recent more favorable trend is due both to outside conditions
and to the policies and activities of the Iranian Government.
It is evident, however, that, as the end of the war approaches, the
process of inflation will give way to deflationary influences and trends. We
must now look forward to and plan for that difficult period, and we are
already proposing and taking action designed to cope with post-war condi
tions. We shall be faced at that time with decreased revenues, with large
debts contracted at inflated prices, with a swollen budget, with an unem
ployment problem, and with a multitude of matters arising from the with
drawal of the Allied forces.
One aspect of policy seems to me to be quite clear: we can and must,
during the coming year, check the increase of governmental spending, and
stop the accumulation of debt.
About this item
- Content
Papers reporting on the financial situation in Iran, sent by staff at the British Legation at Tehran (Horace James Seymour; Reader William Bullard) to the Foreign Office, London. The file is a direct chronological continuation of Coll 28/3 ‘Persia. Financial situation’ (IOR/L/PS/12/3394).
The file includes:
- Covering letters enclosing copies of the monthly Bulletin , produced by the Bank Melli Iran (also referred to as the Mellié Iran Bank, and Banque Mellié Iran). The copies of Bulletin are not included in the file (although some front covers do survive), however the covering letters give short summaries of their lead articles.
- Details and estimates for Iran’s annual budgets, with numerous statistical tables.
- Correspondence dated December 1939 to February 1940 relating to irrevocable documentary confirmed credits (irrevocable letters of credit) opened by Bank Melli Iran through banks in India (ff 356-361).
- Copies of laws passed by the Iranian Parliament, including a law relating to war credits and treasury bills (in French, f 334), a Law for the Prevention of Hoarding (ff 325-329) and an Income Tax Law (ff 262-271).
- Correspondence and budget reports dated 1943-1944, produced during the takeover of the administration of Iran’s Finance Ministry by a mission from the United States, led by Arthur Chester Millspaugh.
At the front of the file (ff 4-200) are fourteen monthly reports of the Administrator General of the Finances of Iran (Millspaugh), produced according to the Solar Hijri calender, and dating from Ordibehesht 1322 (equivalent to the Gregorian calendar date of 22 April to 22 May 1943) to Mehr 1323 (23 September to 22 October 1944). The reports, which also contain lists of staff of the Iranian Ministry of Finance and its connected organisations, summarise Iranian finances. Many of the reports contain a map of Iran (for example, folio 185), showing borders, roads and railways, major towns and cities, and districts, which are numbered 1 to 10.
- Extent and format
- 1 file (407 folios)
- Arrangement
The papers are arranged in approximate chronological order from the rear to the front of the file. The file’s correspondence begins at folio 202 and ends at folio 407. Printed reports occupy the front portion of the file (with an enclosing note, ff 4-201), and are also arranged in reverse chronological order.
- Physical characteristics
Foliation: the foliation sequence for this description commences at the inside front cover with 1, and terminates at the last folio with 408; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.
- Written in
- English and French in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/3396
- Title
- Coll 28/3(2) ‘Persia. Financial situation.’
- Pages
- 187r:200v, 176r:186v, 162r:175v, 149r:161v, 138r:148v, 126r:137v, 109r:125v, 84r:108v, 68r:83v
- Author
- Bank Melli Iran
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.