Coll 28/39(2) ‘Persia. Printed Correspondence, 1937–’ [‎110r] (219/320)

13
/fo
5. On the expenditure side, the outstanding increase is for Roads and
Communications, the new estimates amounting to Rials 853,550,000
(£10,669,376) or about 33 per cent, of the total expenditure. A sum of
Rials 150,000,000 (£1,875,000) for the Administration of Mines and for
iron and brass foundries brings the estimates for the Ministry of Industry
and Mines to Rials 455,430,000 (£5,693,000) or about 17 per cent, of the
total. Rials 60,000,000 have been added to the estimates for the Ministry
of War, bringing the total up to Rials 415,408,380 (£5,192,600) representing
about 16 per cent, of the total expenditure : to this may be added the credit
out of reserves of £ 2 , 000 , 000 .
6 . To meet the declared deficit, it is stated that Rials 140,000,000 will
be available from the sale of the cotton mill at Behshahr (late Ashraf), which
it is understood, has been purchased by the Shah, payment to be made by
instalments. A further sum of Rials 160,000,000 “en devises etrangeres”
is to help to diminish the deficit; it would appear that half of this sum (or
£ 1 , 000 , 000 ) is to come out of reserves—out of which £ 2 , 000,000 has already
been earmarked for the Ministry of War and £1,000,000 for the railway and
ports. The other half is to be raised by long term credits. The rest of the
deficit is to be covered by unforeseen receipts, revenue from commercial
enterprises of the State and by borrowings from banks in the country. I
have heard of the possibility of an increase in income-tax on large profits,
that is to say that the present rate of 4 per cent, on such profits may be
raised considerably.
7. A copy of the bill for the Supplementary Law to the budget, publish
ed on the 9th March, is also furnished herewith.
8 . A copy of this despatch is being sent to the Secretary to the Govern
ment of India in the External Affairs Department and to the Department
of Overseas Trade.
Enclosure II to S. No. ( 10 ).
Extract from “Le Journal de Tehran”, 28th February, 1939, No. 1092.
4
BUDGET DE L’EXERCICE 1318.
(22 mars 1939—21 mars 1940.)
soumis a la Chambre dans sa seance du 7 Esfand 1317.
(26 fevrier 1939.)
An Parlement National,
L’Article Unique concernant le budget des recettes et des depenses pour
Tannee 1318 avec une liste annexe est soumis a votre approbation. J’ai
Thonneur d’attirer 1’attention de la Chambre sur les points suivants:
( 1 ) Conformement a I’Article IX de la loi sur le Monopole d’Etat du
sucre et du the votee le 9 Khordad 1304 (31 juillet 1925), les recettes prove-
nant de ce Monopole doivent etre affectees aux voies ferrees; de meme, eon-
lormement a I’Article VI de la Loi modifiant la taxe de route votee le 8
chahrivar 1311 (30 aout 1932) le produit de cette taxe doit etre affecte a la
construction et a 1 ’entretien du reseau routier, deduction faite des subven
tions faites a 1 Education Nationale, 1 Hygiene Publique, aux oeuvres de
bienfaisance et aux municipalites.
Les recettes prevues par ces lois devaient etre portees a un eompte special
et senent exclusivement aux depenses des voies ferrees et des routes.
Au cours de ces dernieres annees les frais des constructions massives de
chemins de fer et de routes n’ont pu etre couverts par ces sources; il a fallu
cbaque annee inscrire au budget general des credits importants, comme en
(S) 61 EAD