1. 'Persian Government Loans'

Description:

Abstract: This memorandum is a continuation of a previous memorandum dated 27 November 1912 (see IOR/L/PS/18/C120b).The memorandum provides a summary of two significant loans made to Persia in 1913: a joint Anglo-Russian Advance of £400,000, and an Anglo-Indian advance of £100,000 for the purpose of setting up a force of gendarmerie in Fars. Details of the securities pledged by the Persian Government to both Britain and Russia for these loans are also included, along with two summaries outlining Persian liabilities to Britain at the end of 1912 and 1913 respectively.Physical description: Foliation: the sequence for this description commences at f 57, and terminates at f 60, as it is part of a larger physical volume; these numbers are written in pencil, and are located in the top right corner of the recto side of each folio. Pagination: the file also contains an original printed pagination sequence.

2. 'Second Memorandum as to Persian Government Loans'

Description:

Abstract: This memorandum is a continuation of a previous memorandum dated 17 October 1910 (see IOR/L/PS/18/C120a).The memorandum summarises a number of major loans made by the British to the Persian Government from 1910-1912: this therefore includes summaries of the following:the Persian Government 5% Loan of £1,250,000 (1911);the Anglo-Russian Advance of £200,000 (1912) and Anglo-Indian Advances made as a result in August and November 1912;the remuneration of the Imperial Bank of Persia for its services in facilitating loans to the Persian Government.The appendix (folio 56) includes a table of amortisation annuity for the Persian Government Loan of 1910, which consolidated its debts to the Imperial Bank of Persia; it outlines the interest payable by year from 1913-1927. It also includes a copy of the joint note issued to the Government of Persia by British and Russian ministers outlining the terms of the Anglo-Russian Advance (1912).This memorandum continues in a subsequent memorandum dated 1 September 1913 (see IOR/L/PS/18/C120c).Physical description: Foliation: the foliation sequence commences at f 54, and terminates at f 56, as it is part of a larger physical volume; these numbers are written in pencil, and are located in the top right corner of the recto side of each folio. Pagination: the item also contains an original pagination sequence.

3. 'Memorandum as to Persian Government Loans'

Description:

Abstract: The memorandum outlines a number of loans and advances made to the Persian Government by Britain and Russia respectively at the turn of the twentieth century; this includes information on the securities pledged by Persia to meet repayments. It also covers British concerns over the definition of the Southern/Gulf Ports of Persia (pledged as security for British loans), and British fears that the customs of these ports might fall under the control of another foreign power, or be used as security for non-British loans. Also outlined in the memorandum are a number of proposed loans that never reached fruition, and a proposed conversion loan in 1910 from the Imperial Bank of Persia in order to consolidate the Persian Government's debt.Information on some of the diplomatic discourse which has taken place from 1900 to 1912 between the Foreign Office, the India Office, and Russian representatives regarding the payment of loans to Persia is also included.The appendix on folios 48-53 contains supporting transcripts, which include:an extract from a memorandum by Sir Arthur Henry Hardinge, Envoy Extraordinary and Minister Plenipotentiary to Persia, dated 29 March 1903; it provides background details on the Imperial Bank of Persia (f 48);a note on the Caspian Fisheries (f 48);the text of an agreement for the advance of £200,000 by the Imperial Bank of Persia to the Persian Government (ff 48v-49)a table showing the amortization scheme for the Anglo-Indian Loan of 1903-04; extracted from a report on Persia by Sir Cecil Arthur Spring-Rice (f 49);a statement (in French) by the Administrator of the Persian Customs as to 'fixed charges' on the customs revenue, dated 1909 (ff 49v-50);the text of an agreement between the Imperial Bank of Persia and the Persian Government, dated 8 June 1910, with supplementary letters from the Bank to the Persian Finance Minister, dated 2-4 June 1910; it regards the repayment of debts owed to the bank (ff 50-51);a list of payments and receipts from the Imperial Bank of Persia (1903-1910) respecting loans or proposed loans to the Persian Government (ff 51v-52).Some extracts quoted in the main body of the memorandum are in French, as are a number of the appendices. An index can be found on folio 54.This memorandum is continued in a subsequent memorandum dated 27 November 1912 (see IOR/L/PS/18/C120b).Physical description: Foliation: the foliation sequence commences at f 33, and terminates at f 53, as it is part of a larger physical volume; these numbers are written in pencil, and are located in the top right corner of the recto side of each folio. Pagination: the item also contains an original printed pagination sequence.