This stipulation was agreed to in principle by the grand vizier, Amin ad-daulah, who in March, in order to meet some pressing demands on the treasury borrowed 50,000 on the customs receipts of Kermnshah and Bushire, and agreed to the lenders, the Imperial Bank of Persias agents, being placed as cashiers in the custom-houses of both cities.
The Jews had been expelled from England by Edward I., after a sojourn in the country of rather more than two centuries, during which they had been the licensed and oppressed money-lenders of the realm, and had - through the special exchequer of the Jews - been used by the sovereign as a means of extorting a revenue from his subjects.
Both countries had their artisans, money-lenders, poets and musicians.
This equitable relief is still available, though it is not so wide as the relief now given to borrowers under the Money-lenders Act 1900.
Moreover, by section 5 of the Money-lenders Act 1900, where any proceedings are taken against the senders of these circulars to infants, if it is proved that the person to whom the document was sent is an infant, the person charged will be deemed to have been cognisant of the fact unless he proves that he had reasonable grounds for believing the infant to be of full age.