"ملف رقم ٠٦٠٢ البنك الإمبراطوري في إيران - الاتفاقية المصرفية والتقارير البنكية، المجلد ١" [و‎‎٥‎٩] (١٢٤/١١٧)

r
THS BRITISH BANK OF IftlN & THE MIDDLE EAST
61/963
Dubai, 29th January 1950
Political Officer, Confidential
Trucial Coast,
Sharjah.
Dear Sir,
As requested byjwe give below a brief resume of our activities during
the year ending 31st December 19 1 +9.
^ The volume &f trade in Dubai bazaar increased steadily throughout
the year.
This increase was mainly in imports from the U.K. and other Sterling
Areacountries other than India.
\ The turnover of British goods was seven times greater than during
x the previous year.
Trade with India maintained the same level at roughly Rupees 200,000
weekly.
This figure, however, does not include imports which were paid for
from merchants'own non-Resident accounts in India.
We found that Japanrfese goods were again available from East Africa,
Colombo and Singapore against Rupees or Sterling.
— The large quantities of unsold tea to which we referred in our last
SReport are still rotting in thibai Customs Yard and private godowns.
a Cash was plentiful throughout the year and we seldom met with
difficulty in obtaining payment of Bills.
Gold smuggling reached an unprecetfdented peak during the Summer but
we took no part in it.
The method of repatriating the proceeds was for the merchants
(all Hindus ) to employ^ women and girls who came to Dubai as travellers
and were allowed to draw travelling allowances for their journeys.
These allowances greatly exceeded the cost of one return trip between
Bombay and Bubai and the resiciflue was taken by the employers when the
travellers arrived.
The range of commodities imported was much wider than during the
previous year.
P.T.O.