OTTOMAN DEBT

Dominion, Volume 21, Issue 118, 16 February 1928, Page 9

OTTOMAN DEBT

NEGOTIATIONS IN PROGRESS Rugby, February 14. Colonel Wedgwood, Labour member, asked in the House of Commons what was the present position of the negotiations regarding the Ottoman debt, and in particular the payments made formerly’ by Egypt in connection with the Anglo-French guaranteed loan of 1856 and the payments allotted to the various succession States of the old Ottoman Empire. Air G. Locker-Lampson, Foreign Undersecretary, replying, said: “The question of payment formerly made by Egypt towards the service of the guaranteed loan of 1856 is at present being discussed between a committee appointed by the Egyptian Government and Sir Reginald Patterson, representing the British Government. I understand the negotiations between the representatives of the Turkish Government and representatives of the bondholders as regards the Turkish share of the Ottoman debt are being conducted in Paris, and that an agreement has now been reached, except regarding one or two subsidiary points. The method of settltment of the share allotted to Palestine and Iraq is at present being discussed between these Governments and the Ottoman Debt Council The share allotted to Italy has already been settled. So far as I am aware no settltment has vet been reached as regards the shares allotted to other succession States.”—British Official Wireless.