AT LAUSANNE.
Agreement in Principle. QUESTION OF CONCESSIONS. SY CABLE—PRESS ASSN.—COPYRIGHT LAUSANNE, July 9. Agreement in principle was arrived at on the following basis: The Allies agree to refrain from insistence on the currency wherein the Ottoman debt should be paid, without such attitude precluding them from maintaining that private contracts between Turkey and its creditors cannot be modified except by agreement between Turkey and the Ottoman bondholders. On the question of concessions, the agreement recognises contracts made before October 29, 1914. The agreement also restores the wai material belonging to the Turks, which has fallen into the Allies’ hands.
THE JOYFUL NEWS. By Cable—Press Association—Copyright. (Received 12.5 a.m., July 11.) CONSTANTINOPLE, July 9. The Council of Commissaries has instructed Ismet Pasha to sign peace on tho established basis. A proclamation will be issued tomorrow, informing the population of tho settlement. The news has been received in all Turkish quarters with relief and satisfaction,
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Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 11 July 1923, Page 9
Word Count
154AT LAUSANNE. Timaru Herald, Volume XCVIII, Issue 18084, 11 July 1923, Page 9
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