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“...July 24, 1941.
. i i - ’
THE IMPERIAL BANK OF IRAN
(Incorporated by Royal'Charter, 1889)
CAPITAL (fully paid) - £1,000,000 RESERVE - - - £760,000
Reserve Liability of Shareholders, £1,000,000
Branches in Iran:—
Ahwaz
Bushire
Hamadan
Isfahan
Chief Office in Iran—TEHERAN.
Kermanshah Resht
Khtirramshahr Shiraz
Meshed Sultanabad
T abriz
Teheran (Bazaar Office)
Zahedan
Branches in Iraq:—Baghdad, Basra.
The Bank transacts Banking business of every description in and connected
with Iran and Iraq; and in London, grants Drafts, Telegraphic Transfers
and Letters of Credit, and negotiates or collects Bills on Iran and Iraq.
Head Office
11, TELEGRAPH STREET, MOORGATE, E.C.2
IONIAN BANK LIMITED
EST A BUSHED 1839
THE BRITISH BANK FOR THE NEAR EAST
Incorporated by Royal Charter in 1842
and Registered under the Companies’
Acts in 1883.
Capital: Authorised £1,000,000, Paid-up £600,000
OVER 100 YEARS BANKING SERVICE
IN AND BETWEEN GREAT BRITAIN
AND THE NEAR EAST.
LONDON — GREECE — EGYPT — CYPRUS
Head o...”
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“...GREAT BRITAIN
AND THE EAST
INCORPORATING •• THE NEAR EAST AND INDIA ”
Telegrams:
Eastaprox, Westcent, London.
Telephone:
Holborn 8254-5
A Weekly Review of the Politics,
Commerce and Finance of Great Britain,
the Balkans, Turkey, Egypt, the Sudan,
Malta, Cyprus, Palestine, Syria, Iraq,
Iran, Arabia, India, Afghanistan, the
Federated Malay States, China and Japan.
Editorial Offices:
"GREAT BRITAIN AND THE EAST,”
133/136, High Holborn,
London, W.C.I.
Editorial Director: Sir Alfred Watson.
Managing Editor: E. A. Mackenzie-Bell.
No. 1574—VOL LVII.
THURSDAY, JULY 24, 1941
Established 1911
The aims of this Journal are the interpretation of Great Britain to the East, and of the East to Great Britain,
and the promotion of British Trade.
Page
NOTES OF THE WEEK ................... 49
LEADING ARTICLES—
A Plan for India ... ... ... 51
Ministerial Changes ............. 51
SPECIAL ARTICLES—
Japan’s Sixth War Cabinet. By
O. M. Green ................... 52
Syrians Know Who Are Their
Friends. By Kenneth...”
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“...that the area is malarial. Possibly the
Health Department may devise ways and means to get rid
of the mosquitoes, so that we may have a sailing centre in
Northern Iraq.
Sa’adabad Pact
The new Cabinet’s intention to uphold all Iraq’s treaty
undertakings, including the Sa’adabad Pact, is shown in
an exchange of telegrams between the Foreign Minister,
H.E. Sayid Ali Jowdat, and his Turkish and Iranian col-
leagues. In his messages to those two Ministers, Sayid Ali
Jowdat expressed the pleasure it gave him to have an
opportunity to assure two friendly neighbouring States of
Iraq’s wish to continue co-operation and friendly relations
with them on the lines laid down in the Sa’adabad Pact.
In their replies the Turkish and Iranian Ministers expressed
their best wishes for a successful term of office for Sayid
Ali Jowdat, and said that Iraq could rely on their co-opera-
tion and friendship.
{Continued from previous column)
" Social Service ” page, first started by the only Catholic
paper in China,...”
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“...derived from synthetic production and from the Rou-
manian oilfields—Germafiy had long cast covetous eyes
towards Iraq, Iran, and, more recently, Russia as potential
means of replenishing stocks. The road to the first-named
lay across Syria—which is also the gateway to the East,
to Palestine, and to the Suez Canal—and with the collapse
of France, the French forces in Syria came under the con-
trol of Hitler’s vassal, the Vichy Administration. The stage
was therefore set for the first step towards Iraq.
Nazi Plan Foiled
But matters did not work out in accordance with the
Nazi plan. The oil pipe-line from Kirkuk to Tripoli in
Syria was cut (the refinery at Tripoli, incidentally, has
recently been destroyed by fire after an unexplained explo-
sion); the pro-Axis rising fomented by Rashid Ali failed
ingloriously; and the success of Imperial troops in Syria has
barred that route to Iraq. Indeed, as a commentator
observes, the denial to the Germans of the use of Syrian
bases has pushed back the threat...”
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“...are again maintaining the
dividend at 12| per cent. In view of the sphere of
operations of the company, the shares have naturally been
affected by the ebb and flow of war developments in the
Near East. The present price, 2 J, represents a consider-
able advance on the lowest level touched in the past twelve
months.
The announcement made a few days ago by the Institute
of London Underwriters that the additional premium
over the basic rates imposed last May for war risks on
cargo bound to and from Iraq has now been withdrawn
is a significant commentary on the changed conditions in
the Persian Gulf, consequent upon the successful Allied
operations in that region.
The Struggle for Oil
(Concluded from page 62)
troops may be expected to take part, may prove to be of
decisive importance. Oil is the all-important motivating
force in modern warfare. Without it the Nazi war machine
must inevitably be brought to a standstill sooner or later;
but if adequate supplies be assured, there would be no limit...”
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“...building construction throughout Iran, and
in the energetic pursuit of railway construction eastward
to Khorasan, north-westward to Azerbaijan, and south-
eastward towards the Baluchistan frontier, where we re-
opened our Zahedan branch last summer.
The expansion of internal activity calls for more
currency, and the authorised limit of note issue, supported
by adequate reserves, has recently been raised to two
thousand million rials. The actual circulation is much
below this figure.
Conditions in Iraq
In Iraq the poor harvest of last year left no surplus
of wheat, and little of barley, for export, and the Basra
date crop was partly unsold. The cotton crop, which was
a good one, was taken by Japan. In the late spring of
this year the normal process of trade was abruptly halted,
as you know, by political misadventure. Our Baghdad
branch was under hostile control from May 2 till June 10,
but no irreparable damage was suffered in this brief inter-
lude. I take the opportunity of expressing our thanks...”
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“...AGENTS OVERSEAS
ADEN-----
Cowasjee, Dinshaw & Co.
CHINA-----
SHANGHAI.—Kelly & Walsh Ltd.
TIENTSIN.—Tientsin Book & Stationery Co.
CYPRUS-----
FAMAGUSTA.—D. K. Panagides.
NICOSIA.—Dick Soultanian.
EGYPT-----
ALEXANDRIA.—Au Papyrus Hachette.
CAIRO.—Express Book & Stationery Store
PORT SAID.—Simon Artz Ltd.
HONG KONG--
Kelly & Walsh Ltd.
INDIA-----
BOMBAY.—Thacker & Co.
CALCUTTA.—Thacker Spink & Co. (1933) Ltd.
DELHI.—Wheeler & Co. Railway Bookstalls.
MADRAS.—Higginbotham's Associated
Publishers.
IRAQ----
BAGHDAD.—The Bookshop.
Rashid Library.
MALTA------
VALLETTA.—Butler’s.
PALESTINE--
HAIFA.—Pales Press Co.
Felix Nagler.
JAFFA.—Pales Press Co.
H. E. Salib & Co.
JERUSALEM.—Pales Press Co.
TEL AVIV.—Pales Press Co.
SUDAN---- KHARTOUM. —Sudan Bookshop.
U.S.A.—
NEW YORK CITY.—38, Union Square,
Universal Distributors Company
Obtainable in the United Kingdom from all the leading newsagents and from the Railway Bookstalls of Messrs. W. H. Smith & Son, and Wyman & Co.
Printed by The Marshall Press...”
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