Letter to Mr Minoo Masani

Summary

This letter, dated August 18, 1961, concerns the financing of the Bihar unit of the Swatantra Party. The writer refers to a joint note under which the party treasurer would pay Rs. 20,000 per month to the Central Bank on the writer’s behalf, against amounts due to the Bihar Party from an earlier guarantee of Rs. 5 lakhs. The writer asks that an overdraft of Rs. 4 lakhs be liquidated by the end of November at Rs. 1 lakh per month rather than Rs. 20,000 per month.

With the 1962 general elections approaching, the Bihar unit expected Rs. 12 lakhs in assistance from the Central Office. The letter therefore requests that the overdraft be cleared promptly so the Central Office can remit the balance in cash to finance endorsed parliamentary candidates, and asks for confirmation of financial support beginning September 1, 1961. The letter is addressed to M. R. Masani, General Secretary of the Swatantra Party.

Key points

• The letter is dated August 18, 1961, and is addressed to M. R. Masani.
• It discusses a joint financial arrangement involving monthly payments of Rs. 20,000 to the Central Bank.
• The Bihar Party had an earlier guarantee of Rs. 5 lakhs and an overdraft of Rs. 4 lakhs.
• The writer requests that the overdraft be liquidated by the end of November 1961 at Rs. 1 lakh per month, if possible.
• The Bihar unit expected Rs. 12 lakhs in assistance from the Central Office for the forthcoming general elections.
• The requested funds were intended to finance endorsed parliamentary candidates from September 1, 1961.
• The writer asks Masani to confirm financial assistance in cash for the Bihar unit.