A RUSSIAN COUP.

Dominion, Volume 2, Issue 422, 3 February 1909, Page 7

A RUSSIAN COUP.

CRISIS SETTLED. BULCARIA AND TURKISH CLAIMS. ISVOLSKY AS GO-BETWEEN. (bt teleokaph—ritEsn association—coPrßlOHT.) (Rec. February 2, IUO p.m.) London, February 2. The St. Petersburg correspondent.of "The Times" states that the crisis between Bulgaria and Turkey has been ended by Russia pro* nosing to make good tho difference between the indemnity offered by Bulgaria and that demanded by Turkey.

Russia cancels sufficient of tho remaining seventy instalments of the Turkish war indemnity due to Russia, amounting to 22 million, to enable Turkey to borrow five million sterling.

Bulgaria undertakes to pay s Russia £3,280,000 for interest- and sinking fund.

Instead of receiving eight million' francs annually from Turkey, Russia will draw five million francs annually from Bulgaria, BULCARIAN LOAN AVERTED. RUSSIA DOES NOT LOSE A KOPECK. (Rec. February 2, 11.25 p.m.) St. Petersburg, February 2. , Russia's schemo in settlement of the Turko-Bulgarian crisis is due to M. Jsjolsky, Minister for Foreign Affairs^ The 1 arrangement avoids the necessity of Bulgaria having to borrow on extortionate terms, and having to hand pome control of her'finances to a French syndicate. Moreover, the arrangement does not cost Russian kopeck,: It only extends, tho time for the collection of the debt.

, ~ M-ISVOLSKY'S DIPLOMACY, It is. not easyto follow.'th'is monetary juggle through, all its details,':but, it ..seems to be' dear, that SI. Isvolsky, taking, advantage of Turkey's indebtedness (war:indemnity)'to,Russia, ; and Pulgarja's. debts and liabilities to. Turkey, has effected a great flrianoial-diplomafctQ opup. Russia comes ,in between, the two pari ties; makes gqod -.the' 1 amount in dispute, and readjusts the position "without, it would seem, ; losing, a. kopeck, "\'>; .According to ■ referenca books, the''balance of the war indemnity due ; by Turkey to Russiaa is taking the Turkish pound as being worth. 18s.,'works .'out' at- about ; J22,000,000 ■ mentioned in the. cablegram; The annual payment whioh; hitherto has ,bean due each January'by Turkey to Russia is .£T350,00f1,' which is equal: to about. .£820,000, or approxi'mately the 8,000.(100: francs as. cabled.-. ■'.-■ '-~British■ polioy in 1878 was entirely dominated by.iear'of Russian 'aggression; through Bulgaria as' a tool. ..Bulgaria-has-proved .herself strong enough to stand,'and British polioy of to-day .has probably aided Russia's latest coup. iThe.nsing reputation of If. Isovolsky would appear,, to -bo ..markedly, increased: -A-recent ■writer deolared,that, , 'M. Isvolsky, a cultivated and; gifted diplomatist,. ,;,' has been worsted hitherto m • his. dual :with -his': crafty ; AustroHungarian; colleague, Baron von ' Aorenthal," Perhaps'now;thepositions ; aro reversed:-'' ■-<.■■ '