'File 35/87 VI A. 38 Muscat reforms, customs, finances' [209r] (425/440)
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.
suia due in 2i years as now required they should "be
granted an additional year of grace, and that the period
should he extended to 3i years.
The presence or a British adviser in the State
connects us with the outward want of pr^Si^ss which
exists and few people would stop to consider that we have
put the finances of the Estate on a sound 'basis.
The time over ich the payment of the interest is
spread is a matter of comparative indifference to us since
we continue to receive our interest on the money expended.
I think it is time that Muscat should show very
distinct signs of our assistance in putting her finances
in order. I would then recommend that the payment now
due should he spread, not over a period of years as
reauested, hut over a period of 5 years.
This would reduce the annual payment of Es.
93,480-10-0 per annum, undoubtedly a strain on a btate
with a total income of Bs.10,60,000, especially taking
into consideration the heavy fall in the value of the
Dollar.
My suggestion would make the annual payment to
Ks.46,740-5-0 an amount which could he paid without
difficulty and it would leave half a
lakh
One lakh is equal to one hundred thousand rupees
of
rupees
Indian silver coin also widely used in the Persian Gulf.
per
annum for the public works, schools, etc., which are so
much required. I would, at the same time, ask whether
the financial authorities would not consider the question
of a reduction in the rate of interest.
The loan was made at a time of considerable
financial stringency in the world at large, and the 6%
agreed upon was a generous rate. Would it not he
possible to-day to consider a reduction to 5^ ? We have
no
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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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