!['FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)' [‎169r] (337/434)](https://iiif.qdl.qa/iiif/images/81055/vdc_100000000881.0x0000db/IOR_R_15_6_444_0337.jp2/full/!1200,1200/0/default.jpg "'FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)' [‎169r] (337/434)")
'FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)' [169r] (337/434)
The record is made up of 1 file (215 folios). It was created in 15 Jun 1945-1 Nov 1948. It was written in English. 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 Agreeaent made this day o
1948, between Sultan Saiyld Said bln Talnmr of 'tascat and Oman and
Dependencies, hereinafter referred to as The Sultan on the one part,
and The Eastern Bank Ltd, a Company Incorporated In England and
having Its Head Office at 2 & 3 Crosby Square, Bishops gate, London,
EoC*3, hereinafter referred to as The Bank, on the other part
Witnesseth i-
The Sultan agrees to grant the Bank a monopoly of all
Sanking business TTlthln his territories excluding the
province of Dhofar, for a period of Twenty Years fron the
date of this Agreement,
The Bank will establish a Branch of the Bank in ’biscat
as soon as practicable after the date of this AgreeMent*
The Bank in consideration of the monopoly granted to it
as aforesaid will allow interest at the rate of It per cent
per annum on such funds as may be deposited with it by The
Sultan, either in his own name or in the name of the
Government of 'Muscat and Oman, to a joint total of
Rupees
Indian silver coin also widely used in the Persian Gulf.
Ten
Lacs
One lakh is equal to one hundred thousand rupees
.
In the event of the Bank desiring to surrender the
monopoly, it shall give one Year 1 s notice in writing but
such surrender shall not be made within the first five
years of the monopoly.
( 1 ).
( 2 ).
(3) .
( 4 ) .
Mtt^nRupees.
(6). So long as The Bank has only one Branch in The Sultan*s
territories, it shall endeavour to maintain two European
British Subjects to manage the affairs of its Branch, the
Senior of whom shall, in the opinion of the Bank, be of
sufficient seniority and shall be sufficiently experienced,
to advise the Merchants in The Sultan* s territories in the
development of their import and export trade with foreign
countries.
(7) . The Bank shall as far as is practicable to the
efficient conducting of its business, engage staff who are
local Muscat subjects.
(8) • The Bank shall whenever possible quote to- The Sultan ,
rates of exchange more favourable to The Sultan than the
rates current to the general public.
(9) , The Bank shall maintain in its books any Current
accounts required by The Sultan* s Government and no charge
shall be made for the conducting of such accounts.
. The Sultan shall first consult The Bank before levying
any Tax or duty upon Banking transactions to affect
adversely the business of the Bank.
(10)
About this item
- Content
The file comprises telegrams, despatches, correspondence, memoranda, and notes, concerning the establishment of banks in the Gulf including Dubai, Kuwait, and Muscat.
Issues discussed in the correspondence include:
- Concerns relating to the establishment of the 'India and Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. Bank Limited' with a view to undertaking banking services in Muscat and Dubai
- Approval of the application by the Imperial Bank of Iran to open branches in Muscat and Dubai
- Banking Agreement between Sultan and Imperial Bank of Iran, 10 July 1948.
Included in the file is a copy of the 'Banking agreement between the Shaikh of Dubai and the Imperial Bank of Iran dated 5th January 1956'
The file features the following principal correspondents: the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. (William Rupert Hay); the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. , Muscat (Ralph Ingham Hallows); the Secretary to the Government of India, External Affairs Department; the Sultan of Muscat and Oman [Sa‘īd bin Taymūr]; the Imperial Bank of Iran; and the Eastern Bank Limited.
- Extent and format
- 1 file (215 folios)
- Arrangement
The papers are arranged in approximate chronological order from the front to the rear of the file.
- Physical characteristics
Foliation: the main foliation sequence (used for referencing) commences at the front cover with 1, and terminates at the inside back cover with 217; 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. An additional foliation sequence is present in parallel between ff 1-217; these numbers are also written in pencil, but are not circled. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.
- Written in
- English in Latin script View the complete information for this record
Use and share this item
- Share this item
'FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)' [169r] (337/434), British Library: India Office Records and Private Papers, IOR/R/15/6/444, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100066431638.0x00008a> [accessed 15 November 2024]
https://www.qdl.qa/en/archive/81055/vdc_100066431638.0x00008a
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_100066431638.0x00008a">'FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)' [‎169r] (337/434)</a> <a href="https://www.qdl.qa/en/archive/81055/vdc_100066431638.0x00008a"> <img src="https://iiif.qdl.qa/iiif/images/81055/vdc_100000000881.0x0000db/IOR_R_15_6_444_0337.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_100000000881.0x0000db/manifestOpen in Universal viewerOpen in Mirador viewerMore options for embedding images
Copyright: How to use this content
- Reference
- IOR/R/15/6/444
- Title
- 'FILE NO: 14/14 name; BANK FOR MUSCAT (IMPERIAL BANK OF IRAN & THE PERSIAN GULF)'
- Pages
- 169r:171v
- Author
- Unknown
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.