Coll 30/9 'Persian Gulf: Administration Reports 1926-1938' [‎393v] (791/1028)

The following table shows the number of insulators broken pgr 100 miles
of line during the past 5 years and is a useful indication of the state of security
prevailing :—
—
Kerman
Sub-
Division.
Bandar
Abbas
line.
—
Frontier
Sub-
Division
i-c., Bam to
Hurmak.
1925
. .
..
..
..
..
6
22-5
27-5
1926
••
-•
1-35
8-7
36
1927
••
-•
-•
••
1 • 18
M
29-3
1928
••
••
••
••
-
6-5
40
22
1929
••
••
••
••
6-4
16
22
During the last 5 years the aggregate of total interruption
on all lines in the Kerman Province numbered 40 hours of which 28 hours occur
red during 1929.
4. Imperial Bank of Persia and Trade in General —Mr. C. A. Gardner con
tinued during the year as Manager and Mr. H. J. Douglas as Accountant The
break m the Stock Exchange Market in New York is likely to prove the most
important event of the year as far as the business of the Bank in Kerman is
concerned as the export of carpets to New York will diminish in the near future
and this set back to Kerman staple industry can but have important reaction
on other trades. • 1
±ne removal ot the Customs dues on silver was also an important event in
ia it resulted m a considerable rise in the value of Foreign Exchange and thus
most certainly assisted exporters at a time when their goods were at a discount
o\ erseas.
fa«te 0f ,= e “l 30 Ilf 8 re P erc “ s .sions on the import trade but of an un-
wZaornwh 1 AS B 8 C l° mP , e 1 t t tl0n ° f g00ds S0ld ^ Eussia “ ^
imooM r T Ban , d f r Ab1:,aS ln the South was already hampering the
alteration 3 bi Indla a ! ld E " r T - 11 is im P osai l>le to assess the effects of the
alteration in Exchange values m this connection.
price D sZt‘ll^ d r a f d011< i b ' l' rosts an d locusts resulted in high
reference must he iTh be COI ‘ sidored any review of 1929. FinaUv
of Persia ZwLffZ °i Z lnau ^ ratlon of a branch of the Xational Bant
ant as one antinirmto 1 Ga i r \ ^ e P^ m ^ er - This event has not proved as import-
into the Imperial Bpmi anC f 1 ,°- u ^ n has made strenuous efforts to cut
rates it seems thev havp 0- C0nne ^ tl0n by quoting extnemely competitive
thev succeeded inVanf . infllctecl ^ or e loss on themselves. The onlv business
^TnotTemreff f ° r which the Bank of Persia
more than neutralized hv^tbp* ai ^- tillS sl }S cess ’ B cau be styled as such, was
of exchange rates before c.ovpH bemg umforn By unfortunate in the movement
F’tb m * * -p SllC k °P era Bons as they have put through.
inaccurate or Their prescribo,1 rwTTv '^ I* 16 trend ° f markets is inadequate and
suppositions are correct if o p0llCy f s \° com P ete a* all costs-probably both
munitv is reported to have n 11 ' , la /. e , le understanding portion of the com-
Persia, as represented hf the n fr tbe iIalla g a nient of the Xational Bant of
business transactions of ignorance ZtlZ h b ° f ppe , ars to be char g ed witl1 th ^
m such a way as to bring discredit on the State andicl S ** * ^
two British India^tradTrs , ; xo j' a ' 1 " e ] rate reached its climax in October when
shops who find it a hard stru-gfe what^th^ f° PS leav ,‘ n " Hindu
nomic competition of Bussian goods * ” h advers e exchange and the uneco-
is 45 per cent, in the haorlTeTiw' T' ^ ar as P^ eee "S 0 °ds and sugar are concerned
balance being done bv pZll To’ per ceut “ hand? of Russians, the
held 75 per cent, of the Oracle ?arsi traders - A few years ago the Hindus