Coll 29/118(7) 'Disposal of unwanted consular property in Bushire' [‎44r] (87/234)

British jobassy
Tehran
23 rd ^ru £^, 1A3
f
I note that the Government of India a^ree to the sale
of the Babzabad property, excludi ng fumitura, at a minimum
price of Ha. 1,70,000 or its equivalent in rials at the
rate of exchange prevailing at the ti<e of the transaction.
As you xnon, the Persian Government were offered the property
for His. 1,700,000 in *.ay last. If, as we hope, the transaction
^oes through while foreign diplomatic missiont are o ily allowed
to purchase rials at the official rate of exchange, the Government
of India's conditions will have been met. But if, oy an> chance,
we are allowed to purchase at the tree market rate again, it
will be very difficult for us to ask the Persian Governtaent to
raise their bid after all these months, particularly in view of
the difficulties which they have encountered in obtaining the
necessary funds.
As regards the capital cost in respect of the buildings
comprised in the Sabzabad property, I can only suggest once more
that the information you seek must be availaole in the records
of the Public W 0 rks Jepartrrent. I am afraid airt. not available
in Tehran, Buahire, Bahrein or even London.
As regards the property in Bander ^bbas, I agree that the
Persian ucvernment offer excludes the launch and the truck but
covers the furniture ana fixtures, for which the ersian Government
offered xtls. 123*000. This latter sum is included in the figure
of MU* 1,730,000 which has now been accepted by Governments.
i ©466
Thank you for your letter No. 473-71/A8 of ffiU 2uttt
February about the Lnbzabad and Bander Abbas properties,
(Sgd) A.D.M. HOSb
K.B# Bhasin, Bsq.,
Embassy of India,
Tehran.