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Coll 28/3(2) ‘Persia. Financial situation.’ [96v] (192/817)
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.
"■ y"
— 18 —
Meanwhile, Rls. 8,609,729.70, value of available cigarettes in the pro
vinces, handed to the Distribution Company’s representatives, and relative
to the former Economic Organization’s times, have been recovered from that^
company and remitted to the Economic Liquidation Department.
Budget of the Government
Progress was made during the month under report in the preparation
of the Government budget; but the budgets of the various ministries and
administrations have not all been submitted, it is therefore impossible to
study the budgets with a view to determining which items of expenditure
should be included, which should be reduced, and which must be elimi
nated. Attention has been given in a general way to the proposals of sever
al ministries. Because of the serious financial situation ol the Go\einment,
it is our intention to scrutinize with extreme care the estimates both of
receipts and expenditures, and, accordingly, 1 have relrained from promis
ing any increase to any ministry. On the basis of the demands alieady
made, it appears that, in order to balance the budget, a total amount of
about two billion rials will have to be deducted from the estimated ex
penditures of the ministries.
General Policies and Activities - Financial and Economic
Your Excellency is fully aware that economic conditions have a vital
bearing on the financial situation and that financial policies are an impor
tant factor in creating economic conditions. Ihe two must be studied and
handled together, and it has been gratifying to me since my return to Iran
to find the Government and Majless willing to take comprehensive and
constructive action in the various parts of the financial and economic fields.
Onlv b\ such action can the different conditions and forces be kept under
control and in balance and reasonable stability attained. In spite of the
extraordinary height to which prices had risen, the impossibility ol stop
ping this rise at once, and the other complications that we have encoun
tered and the difficulties through which we have passed, it seems to me
that the Government and Parliament have reason to feel some satisfaction
in the results achieved and some confidence in the future.
It may be of interest in this connection to set forth in this place the
course of prices in Iran, as shown by the general price index prepared in
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.