[Memorandum of Agreement]

Summary

This two-page English draft memorandum of agreement, dated 1962, records an arrangement between the Rajah of Ramgarh and the Swatantra Party, represented by its Treasurer. It supersedes earlier arrangements involving the Rajah and M. R. Masani and sets out the transfer and financing of fifteen jeeps intended for Swatantra Party nominees and parliamentary candidates during the forthcoming elections.

The agreement specifies deadlines, repayment obligations, title-transfer procedures, and alternative financial settlements involving the Central Bank of India Limited. It requires the first party to hand over fifteen jeeps by 18 January 1962, while the second party assumes responsibility for specified instalments or may instead pay ₹170,000 plus interest and related charges. The document also addresses vehicles already delivered to parliamentary candidates and requires both parties to complete the transaction without third-party interference.

Key points

• The document is explicitly marked “DRAFT” and is dated 1962.
• It supersedes earlier arrangements between the Rajah of Ramgarh and M. R. Masani.
• The agreement concerns fifteen jeeps purchased by the first party using funds raised from the Central Bank Limited.
• The jeeps were to be delivered to the Swatantra Party or its nominees by 18 January 1962.
• The Swatantra Party assumes specified instalment payments to the Central Bank of India Limited.
• An alternative settlement permits payment of ₹170,000, plus outstanding interest and other charges, in exchange for transfer of title.
• The agreement also regulates jeeps already handed over to parliamentary candidates for the ensuing elections.