Drop and the rate

pars

Member
Joined
Aug 11, 2015
Member Type
Student or Learner
Native Language
Persian
Home Country
Iran
Current Location
Iran
Dear all:

What is the meaning of the words in bold in the following passage? It is from the book Anglo-Iranian relations since 1800, edited by Vanessa Martin, p. 134:

Tehran demanded that a difference be paid between whatever the royalty was to be and a sum of 4 million pounds for the loss brought about by both the drop and the rate 'otherwise the Iranian government will revise the oil concession fundamentally'.

Thanks very much.
 
You need to show us earlier context. Can you post that entire paragraph please?
 

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