IOR/L/PS/10/176

The volume comprises telegrams, despatches, correspondence, memoranda, notes, reports and accounts relating to a subsidy arranged for the Imperial Bank of Persia in May 1903. The subsidy was paid by the Government of India and related to the establishment of the Imperial Bank of Persia branch bank in Nasratabad in Seistan province.

Correspondence discusses the terms of the granting of the subsidy, grounds for its discontuance, and the proposal of the Government of India to transfer the business of the Seistan branch from the Imperial Bank of Persia to the Punjab Banking Company, if the Imperial Bank of Persia was unable to operate as a combined banking and trade agency business.

The correspondence includes (ff 158-165) the Proceedings at the 15th Annual General Meeting of the Shareholders of the Imperial Bank of Persia, held at the Cannon Street Hotel, on the 12th December, 1904'.

The principal correspondents in the volume include the Secretary of State for Foreign Affairs (Sir Edward Grey); the Manager, Imperial Bank of Persia (G Newell); the Secretary of State for India, John Morley, 1st Viscount Morley of Blackburn; and the British Consul for Seistan and Kain (Major R L Kennion).

The volume is part 1 of 1. 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.