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'P. 4. 2410/1903. Persia:- Financial Situation. Loans.' [102r] (208/1026)
The record is made up of 1 volume (511 folios). It was created in 4 Jul 1910-12 Sep 1913. 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.
CONFIDENTIAL.
Sir G. Barclay to Sir Edward Grey.—(Received August 26, 6 p.m.)
(No. 362.) R. Tehran, August 26, 1911, 4'40 p.m.
MY telegram No. 361 [of ]. y
Beddoes, who is fully aware of conditions laid down in your telegram No. 116
[of 1, has repeatedly assured me that Seligmans have no connection with
Germany. He assures me now under no circumstances will any of the money be
raised in Germany.
Beddoes has given Russian Minister following undertakings in the hope of
obtaining provisional consent of Russia forthwith so that loan may be submitted to
the present Medjliss, whose term is nearly ended :—
1. If, in order to facilitate negotiations, Russian Government are good enough to
promise their moral support, it is agreed not to sign contract definitively unless and
until Russian Government have notified their consent to this being done. It being
understood that their acquiescence or refusal will be finally notified not more than
five months after date of provisional signature. (Draft contract allows six months’
interval between preliminary^ signature in Tehran and definite signature in London.)
2. Without disturbing present arrangement regarding banking of customs or such
other funds as may at present be banked in Russian Bank, it is understood that should
Russian Government consent to loans being made, and give their moral support,
50 per cent, of all receipts will be banked with the Russian Bank.
3. Seligmans’ representative mentioned in contract will be instructed to work in
agreement with two legations.
Beddoes tells me that it is proposed to issue loan in two parts: first issue, for
conversion of Russian Bank’s loan, to be made as soon as market allows, and remainder
to be issued as soon as Treasurer-General can satisfy Seligmans as regards maliat, &c.
Balance of first issue is needed for upkeep of gendarmerie and other forces needed to
restore order. He tells me that project includes no railway construction.
About this item
- Content
The volume discusses the financial situation in Persia and proposals put forward in 1910 and 1911 for loans to the Persian Government from private sources.
Initial offers of loans to the Persian Government were made by Messrs M Samuel and Company, the Anglo-Persian Oil Company, a consortium led by Charles William Wallace, Messrs Seligman Brothers, and the Imperial Bank of Persia. The offers from Messrs Seligman Brothers and the Imperial Bank of Persia were taken forward and put to the Persian Mejdliss [Majlis] in 1911.
Also discussed in the volume are loans made by the British Government and Government of India in 1903 and 1904, including their agreed repayment schedule and interest rates.
Further discussion also relates to relations between Great Britain and Russia in respect to Persia and both Countries' attitudes towards the financial situation there.
The principal correspondents include the Secretary of State for Foreign Affairs (Sir Edward Grey); the British Ambassador to Persia (Charles Murray Marling, Sir George Head Barclay, Sir Walter Beaupre Townley); the British Ambassador to Russia (Sir Arthur Nicolson, Sir George William Buchanan, Hugh O’Beirne); representatives of the Foreign Office and 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. ; Messrs Seligman Brothers; and the Imperial Bank of Persia (George Newell, Sir Thomas Jackson, Augustus Ottiwell Wood).
This volume is part 4 of 4. Each part includes a divider which gives the subject and part numbers, year the subject file was opened, subject heading, and list of correspondence references contained in that part by year. This is placed at the back of the correspondence.
The subject continues in files IOR/L/PS/10/220 and IOR/L/PS/10/353-355.
- Extent and format
- 1 volume (511 folios)
- Arrangement
The papers are arranged in approximate chronological order from the rear to the front of the volume.
The subject 2410 (Persia Loans) consists of 4 volumes, IOR/L/PS/10/8-11. The volumes are divided into 4 parts with each part comprising one volume.
- Physical characteristics
Foliation: the foliation sequence commences at the inside front cover with 1, and terminates at the inside back cover with 511; 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.
- 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/10/11
- Title
- 'P. 4. 2410/1903. Persia:- Financial Situation. Loans.'
- Pages
- front, back, spine, edge, head, tail, front-i, 2r:14v, 15v, 16v:29v, 31r:36v, 38r:42v, 45r:45v, 46v:57v, 58v:76v, 77v:80v, 81v:82v, 83v:84v, 86r:86v, 87v:105v, 107v:119v, 120v, 126r:127v, 128v:131v, 132v:135v, 137r:139r, 140v:147v, 148v:174v, 176r:195v, 197r:199v, 200v:203v, 206r:211v, 214r:219v, 222v:226v, 233r:246v, 249v, 250v:251v, 253r:263v, 265r:272v, 274v:275v, 277r:304r, 307v:330v, 331v:332v, 333v, 334v, 335v:336v, 337v, 338v:339v, 340v, 342r:355v, 358v, 360r:367r, 368r:371v, 372v:377v, 378v:387v, 388v, 389v:390v, 391v:393v, 394v, 395v:412v, 413v:428v, 429v, 430v:439v, 441r:451v, 452v, 453v, 454v:455v, 456v:461v, 462v:481v, 482v:487v, 488v:490v, 491v:494v, 495v:498v, 499v:500v, 501v:507v, 509r:510v, back-i
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence