IOR/L/PS/10/10

The volume comprises correspondence, despatches, memoranda, notes and reports on the financial situation in Persia and the possibility of a joint Anglo-Russian loan to the Persian Government. The terms of the joint loan, including financial reforms which would have to be undertaken by the Persian Government, are discussed in detail.

Included in the volume are summaries of the financial situation from 1903 onwards, records of the loans made to the Persian Government in 1903 and 1904 and repayments made against them, and discussion on the Persian Government’s difficulties in paying their debts. Also discussed is a request from the Persian Government in 1910 for a conversion loan from the Imperial Bank of Persia in order to consolidate their debts.

The principal correspondents are the Secretary of State for Foreign Affairs (Sir Edward Grey), the British Minister in Tehran (Sir Charles Murray Marling, Sir George Head Barclay) and the British Ambassador to Russia (Sir Arthur Nicolson), along with representatives of the India Office, Foreign Office and Treasury.

Other correspondents include the Russian Imperial Minister for Foreign Affairs (Count Alexander Petrovich Izvolsky), the French Financial Adviser to the Persian Government (Eugène Bizot) and the Belgian Administrator-General of Persian Customs (Joseph Mornard).

The correspondence from the Government departments from May 1910 onwards contains a thick black border according to official mourning protocol following the death of King Edward VII on 6 May 1910.

The volume is part 3 of 4. Each part includes a divider which gives the subject and part numbers, year the subject file was opened, subject heading, and list of correspondence references contained in that part by year. This is placed at the back of the correspondence.