!['File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎89r] (178/409)](https://iiif.qdl.qa/iiif/images/81055/vdc_100000000193.0x00020f/IOR_R_15_1_554_0185.jp2/full/!1200,1200/0/default.jpg "'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎89r] (178/409)")
'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [89r] (178/409)
The record is made up of 1 volume (201 folios). It was created in 22 Jan 1918-Feb 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.
THIS DOCUMENT IS THE PROPERTY OP HIS BRITANNIC MAJESTY'S GOVERNMENT
PERSIA. — ^ i i October 2, 1931
-4
V I
CONFIDENTIAL. Section 4.
ImmMM"" ■■
[E 4980/847/34] No. 1.
Mr. Dodd to the Marquess of Reading.—(Received October 2.)
(No. 526. Most Confidential.)
My Lord, Tehran, Septem ber 23, 1931.
WITH reference to my telegram No. 204 of the 16th instant, I have the
honour to transmit to your Lordship herewith, a translation of the letter
addressed by the Minister of Finance to the acting chief manager of the Imperial
Bank of Persia on the 13th September, recording the bank's appointment as
the Persian Government's agent for the purchase of exchange on the same terms
as the National Bank. No other bank is to share this privilege, apparently.
2. The press has referred to a decree of the Council of Ministers embodying
this decision, but the text of the decree itself has not been published, nor has
Mr. Butters received a copy of it. The latter, however, does not think that it
would be politic to press the matter, as the Government doubtless wish to give it
as little publicity as possible, whilst the Minister of Finance's letter gives the
bank the guarantee and rights it has been craving for.
3. Mr. Butters, in my opinion, deserves the greatest credit for having
brought his negotiations to a successful issue. He has throughout shown an
experienced intuition of the most suitable line of approach, and a fund of tact
and patience, and the results which he has obtained show what success can be
obtained by the display of these qualities in the direction of the bank's affairs.
4. All the exporters' exchange bought by the Imperial Bank will be held
at the disposal of the Government, and the bank is to make regular statements of
such purchases to the Treasury-General, as indicated in Taghi Zadeh's letter. It
is only to this extent that the bank has agreed to " place itself under the control
of the Persian Government" (see your Lordship's despatch No. 509 of the
7th September), and this it has been willing to do from the very beginning.
Mr. Wilkinson's letter to the Minister of Finance of the 20th April, a copy of
which formed Enclosure {c) to Sir Robert Clive's despatch No. 224 of the 6th May
last, gave a definite undertaking to that effect. It is, therefore, a mere excuse
on the part of the Government for the delay in according to the Imperial Bank
a privilege to which it was clearly entitled under the agreement of the 13th May,
1930, to profess that the bank has hitherto declined to accept the measure of
official control required of it.
5. I am sending a copy of this despatch to His Majesty's Acting High
Commissioner for Iraq, and to the Government of India.
I have, &c.
(For the Charge d'Affaires),
LACY BAGGALLAY.
L .
Enclosure in No. 1
Minister of Finance to the Imperial Bank of Persia, Tehran.
(Translation.)
Dear Sirs, September 13, 1931.
IN terms of the decision taken, the Imperial Bank shall, in the same way as
the National Bank of Persia, be the Government's agent for the purchase of
exchange derived from the country's exports.
You will, therefore, act accordingly, and supply the Treasury-General
regularly with statement of your purchases.
J J TAGHIZADEH.
(Seal of the Ministry of Finance.)
[281 b—4]
About this item
- Content
The volume contains correspondence relating to banking in Persia, Saudi Arabia, and the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. . The majority of the correspondence is between the British Ministry in Tehran, the Government of India, High Commissioner in Iraq (later the British Ambassador), Political Residency An office of the East India Company and, later, of the British Raj, established in the provinces and regions considered part of, or under the influence of, British India. in Bushire, the Foreign and Indian Offices in London, Political Agencies in Bahrain and Kuwait, the British Consulates in Shiraz and Bandar Abbas, the British Minister in Jeddah, the British Ambassador in Cairo, employees of the Imperial Bank Persia (later Imperial Bank Iran) and the Eastern Bank, and the Persian Government. Included as enclosures are several newspaper cuttings and transcripts.
The documents cover discussions over the Imperial Bank's operations in the region, including growing hostility in an increasingly nationalist Iran and the plans to open a branch in Bahrain. Much of the volume pertains to the work of rival banks in Bahrain and Dhahran in Saudi Arabia. These banks include the Eastern Bank, the Ottoman Bank and the National City Bank.
Folio 146 is a map of al-Hasa, Saudi Arabia, produced by the California Arabian Standard Oil Company.
Folios 191-198 are internal office notes.
- Extent and format
- 1 volume (201 folios)
- Arrangement
The volume is arranged chronologically.
- Physical characteristics
Foliation: the sequence commences at the front cover and terminates at the back cover; these numbers are written in pencil, are circled and can be found 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 second foliation sequence is also present between ff 4-190; these numbers are also written in pencil, but are not circled and can be found in the same position as the main sequence. Circled index numbers in red and blue crayon can also be found throughout the volume. There are the following irregularities: f 33 is followed by f 34a and f 34b.
- Written in
- English and French in Latin script View the complete information for this record
Use and share this item
- Share this item
'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [89r] (178/409), British Library: India Office Records and Private Papers, IOR/R/15/1/554, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023602662.0x0000b4> [accessed 5 April 2025]
https://www.qdl.qa/en/archive/81055/vdc_100023602662.0x0000b4
Copy and paste the code below into your web page where you would like to embed the image.
<meta charset="utf-8"><a href="https://www.qdl.qa/en/archive/81055/vdc_100023602662.0x0000b4">'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎89r] (178/409)</a> <a href="https://www.qdl.qa/en/archive/81055/vdc_100023602662.0x0000b4"> <img src="https://iiif.qdl.qa/iiif/images/81055/vdc_100000000193.0x00020f/IOR_R_15_1_554_0185.jp2/full/!280,240/0/default.jpg" alt="" /> </a>
This record has a IIIF manifest available as follows. If you have a compatible viewer you can drag the icon to load it.https://www.qdl.qa/en/iiif/81055/vdc_100000000193.0x00020f/manifestOpen in Universal viewerOpen in Mirador viewerMore options for embedding images
Copyright: How to use this content
- Reference
- IOR/R/15/1/554
- Title
- 'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc'
- Pages
- 70v:72r, 86v, 89r, 90r, 92r
- Author
- Government of Iran
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.