TURKISH LOAN.

Evening Post, Volume LXXX, Issue 112, 8 November 1910, Page 7

TURKISH LOAN.

. «. j GERMAN SYNDICATE WILL ADVANCE £7,000,000. By Telecraph.— Press Association.— Copyright. CONSTANTINOPLE, 7th Nov. A German Syndicate has agreed to advance Turkey « loam of £7,000,000, paying 4 per cent, interest per annum, at from £81 10s to £82 net, in 1910. Turkey is giving the syndicate the, optic-n of a further four million loam in 1911. ("The Paris journal Siecle recently summarised the French point of view in, a leading article dealing with the diplomacy of the present Turkish Cabinet :-- "As long as the phase of Turkish history that begins with the Turco-Rumo,-niaai Agreement is tc continue we must have patience, steadiness, and firnme»s». We can a.ffoa-d to be patient all tho more certainly as the sums of money thai are wecessary each year for the working of the new regime can be borrowed regularly only here. If we are able to hold firmly to our financial policy, such a« the Cabinet is propounding at present, the want of resources will bring about those changes of opinion, and perhaps of personnel, which we consider indispensable. It is aiot for us to judge the operations of Sir Ernest Cassel, whose patriotism it is difficult to locate. We cannoL be astonished, that German financiers aa-o trying to lay their hands on I the Ottoman Treasury after having assuned for themseJves the great railways of the Empire, but it is necessary to Bxaminie the now position taken up »y Turkey. If the loan is placed in Germany, France and Great Britain will no longer be able to consider th.o Government of Constantinople as that of a free and friendly State. They will have to regard it as the vassal of the Triple Alliamce. Their ftrst duty, thiarefore, will be to refuse all financial support \hat might fender Turkey more redoubtable either on laind or on sea.. In consequence, it will be meccssary, above til, to take the most stringent measures to prevent- tho paper of all future loaais, including the present one, from being surreptitiously introduced into France."]