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PAYMENT OF DEBT. LAUSANNE DEADLOCK. (By Telegraph—Press Assn.—Copyright). LAUSANNE, June 12. After a three hours’ meeting Ismet and the Allied delegates failed to reach an agreement regarding payment of the Ottoman debt in gold, Ismet offering to pay in French francs or not at all. The Allied delegates thereupon announced that they must refer the matter to their Governments and insisted on Ismet referring the matter to Angora. The situation is most grave. The Turkish Government in 1890 definitely pledged itself to pay holders interest on the debt in gold or sterling.
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Bibliographic details
Southland Times, Issue 18967, 14 June 1923, Page 5
Word Count
94NEAR EAST Southland Times, Issue 18967, 14 June 1923, Page 5
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