THE NEAR EAST

Hokitika Guardian, 1 June 1923, Page 2

THE NEAR EAST

AUSTRALIAN AND N.Z. CAULK ASSOCIATION

-TURKISH JUDICIAL I!EGTMI-

LAUSANNE, May 30,

The question of a new Turkish regime to replace the abolished capitulations is in a fair way to settlement. Ismet Pasha’s sngitestioii is that legal counsellors shall be advised immediately that any arrest is made, or any prosecution initiated, against a foreigner, and the matter referred to their respective Governments. The matter depends on the answer ol Britain, which is at present opposed to the proposal.

AMERICANS IN TURKEY

WASHINGTON, May 31

The text of the Chester concession granted bv the Turkish Government to the American Chester Company, shows that tho American company contemplates an expenditure ultimately totalling four hundred million pounds (Turkish) The expenditure will he for the building of 2409 miles of railways in Anatolia, through the Mosul oil-holds. All the mineral and petroleum exploitation rights for 99 years have been "ranted to the American company, over an area of 20 kilometres wide. on either side of the projected railway line. Turkish subjects will have the right to subscribe half the company’s stock, ■uni the Turkish Government, aside from various taxes, will receive 30 per cent, of the company’s profits, after nil expenses, interest, amortization, anil a 12 per cent, dividend are paid.