Greece and Turkey.

Manawatu Herald, 7 September 1897, Page 2

Greece and Turkey.

The Daily News says thai; France, Russia and Italy favour the exclusion of the olaima ot the Greek bondholders from consideration in the proposed joint control of the Greek revenues. Austria, the paper adds, ia wavering between the British and German proposals respecting the Greek war indemnity loan. The Novoe Vremya and Bourse I Gazette, two St. Petersburg papers, in similar artioles, state that Lord Salisbury's proposal that the Powers should guarantee the Greek war indemnity loan was a manoeuvre to create a oommon bond of interest and a dual control. The Greek Stamp Act yields 11,---000,000 drachmas (£440,000) yearly. The Government has offered the German bondholders as an additional security the Cut Tobacco Tax and the surplus from the Stamp Tax, the latter to be set apart for purposes mentioned after the service of the loan. Germany declined to discuss the offer until the Ambassadors at Constantinople have settled the financial question. The Times' Athens correspondent says that if England will guarantee the indemnity loan, Greece is willing to assign the unpledged taxes and currant export daties, together with the lonian export dues to the value of 6,000,000 drachmas (£240,000) annually, which it considers an abundant guarantee.