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desdites Puissances

contre le Gouvernement turc pour les pertes et dommages subis par eux pendant la période comprise entre le 1er Août 1914 et la mise en vigueur du présent Traité et les revendications de même nature des ressortissants turcs contre les Gouvernements desdites Puissances seront compensées, moyennant le paiement d'une soulte de Ltq. 15,000,000* or qui sera versée par le Gouvernement turc auxdits Gouvernements. Les modalités de се versement sont définies par les dispositions ci-dessous.

Ledit versement réglera définitivement les réclamations

pécuniaires que les Hautes Parties Contractantes ont à formuler les unes contre les autres relativement à des faits survenus entre le 1er Août 1914 et la mise en vigueur du présent Traité, y compris les réclamations qui, bien qu'intéressant primitivement les ressortissants respectifs des Parties, impliqueraient ultérieurement un paiement direct ou indirect d'un Gouvernement au profit d'un autre Gouvernement.

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Powers against the Turkish Government for loss and damage suffered by them between the 1st August, 1914, and the coming into force of the present Treaty and the similar claims of Turkish subjects against the said Government shall be deemed to be finally settled by the payment of a balance of 15* million pounds Turkish gold which shall be. made by the Turkish Government to the aforesaid Governments. This payment shall be made in the manner laid down in the following provisions.

The said payment shall form a final settlement of all pecuniary claims on the one side or the other arising out of events which occurred between the 1st August, 1914, and the coming into force of the present Treaty, including claims which, although primarily between nationals, ultimately involve a direct or indirect payment from government to government.

Article 58.**

Greece and Turkey mutually renounce all claims to payment for damage caused to their nationals between the dates referred to in Article 57.

Article 59.

In discharge of the obligations incumbent upon it in accordance with Article 57 the Turkish Government shall pay to the Council of the Ottoman Public Debt 37 annuities of 900,000+ pounds Turkish gold representing the interest at 5 per cent. and sinking fund at 1 per cent. upon the sum of 15,000,000 pounds Turkish gold. The first annuity shall be payable on the 1st March, 1924.

*Subsequently reduced to 12 million, and then to nil; see page 833, paragraph 3. **Subsequently altered at the Turkish request; see page 833, paragraph 4, and, for later developments, pages 845, 846, 851 and 852.

+ Subsequently reduced to 720,000, and then to nil; see page 833, paragraph 3.

Article 60.

Le Gouvernement Turc devra affecter irrévocablement au Conseil de la Dette Publique Ottomane des gages suffisants pour garantir le paiement des annuités mises à sa charge. Ces gages seront gérés par le Conseil de la Dette Publique Ottomane. Les revenus donnés en gage devront être agréés par le Conseil de la Dette et avoir produit pendant chacune des deux années précédant leur affectation, une somme supérieure d'au moins 15% au montant des annuités à garantir.

Le

Gouvernement Turc s'engage, dans le cas où le produit des revenus visés à l'alinéa précédent deviendrait insuffisant, à combler le déficit en procédant à de nouvelles affectations de recettes.

*Les revenus donnés en gage devront comprendre dans tous les cas le produit des concessions existantes ou à créer.

*Le Gouvernement turc devra, avant leur promulgation, demander l'avis du Conseil de la Dette sur tous les contrats de nouvelles concessions ou de prorogation de concessions, à accorder à des ressortissants ottomans ou de tous autres.

*Afin de permettre au Conseil de la Dette de remplir sa mission en toute connaissance de cause, le Gouvernement turc devra donner au Conseil et à son représentant toutes les facilités nécessaires pour l'accomplissement de sa mission auprès des administrations intéressées.

Article 61.

Le Conseil de la Dette s'entendra avec le Gouvernement Turc pour la création de titres au porteur, représentant. un montant nominal de 15† millions de livres turques or, qui porteront la signature du Gouvernement Turc et dont le service sera assuré par les annuités précitées.

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Article 60.

The Turkish Government shall irrevocably assign to the Council of the Ottoman Public Debt sufficient revenues to ensure the payment of the annuities for which it is liable. These revenues shall be administered by the Council of the Debt. The revenues assigned as guarantee must be accepted by the Council of the Debt and must have produced during each of the two years preceding their assignment an amount greater by at least 15 per cent. than the annuities to be guaranteed.

The Turkish Government undertakes in the event of the revenues referred to in the preceding paragraph proving insufficient to meet the deficit by assigning new revenues.

*The assigned revenues shall include the proceeds of existing or future concessions.

*The Turkish Government will submit to the Council of the Debt for their advice, before promulgation, all new concession contracts or prolongations of existing concessions, whether in favour of Turkish subjects or any other persons.

*In order that the Council may fulfil its task with full knowledge of the circumstances, the Turkish Government will give all facilities which may be desired to any such persons as the Council may nominate to represent it before the competent Government Departments.

Article 61.

The Council of the Debt shall concert with the Turkish Government for the issue of bearer bonds of the nominal value of 15† million gold Turkish pounds bearing the signature of the Turkish Government, the service of which shall be met by the annuities referred to above.

Subsequently omitted; see page 833, paragraph 5.

+ Subsequently reduced to 12, and then to nil; see page 833, paragraph 3.

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SECTION III.

MISCELLANEOUS CLAUSES.
Article 65.

States in whose favour territory is detached from Turkey shall acquire without payment all property and possessions situated therein belonging to or registered in the name of the Turkish Empire or of the Civil List.

Article 66.

The recipients of Turkish civil. and military pensions who acquire under the present Treaty the nationality of a State other. than Turkey shall have no claim against the Turkish Government in respect of their pensions.

Article 67.

Turkey recognises the transfer to the Allied Powers of any claims to payment or repayment which Germany, Austria, Bulgaria or Hungary may have against her, in accordance with Article 261 of the Treaty of Peace concluded at Versailles on the 28th June, 1919, with Germany, and the corresponding Articles of the Treaties of Peace of 10th September, 1919, with Austria, of 27th November, 1919, with Bulgaria, and of 4th June, 1920, with Hungary.

The other Contracting Powers agree not to require from Turkey any payment in respect of claims so transferred.

The claims which Turkey has against Germany, Austria, Bulgaria and Hungary are also transferred to the aforesaid Contracting Powers.

Article 68.

The Turkish Government, in agreement with the other Contracting Powers, hereby releases the German Government from the obligation incurred by it

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ci pendant la guerre d'accepter des billets émis par le Gouvernement turc à un taux de change déterminé, en paiement de marchandises à exporter d'Allemagne en Turquie après la guerre.

Article 69.*

Les sommes en or transférées par l'Allemagne et l'Autriche en vertu de l'article 259-1° du Traité de Paix du 28 juin 1919 avec l'Allemagne et de l'article 210-10 du Traité de Paix du 10 septembre 1919 avec l'Autriche, seront remises à la Turquie, sous la seule réserve de servir de garantie supplémentaire au paiement des cinq premières annuités dues en vertu de la Section 2 de la présente Partie et aux conditions suivantes :

Si le paiement de ces annuités a lieu à l'échéance, une somme en or équivalente à la somme versée par le Gouvernement turc sera mise immédiatement à la disposition de ce Gouvernement. Après le paiement de la cinquième annuité, le Gouvernement turc recevra le solde des sommes en or visées par l'alinéa précédent.

Si, pour une raison quelconque, les annuitiés dues par la Turquie aux autres Puissances Contractantes n'étaient pas payées à l'échéance ou n'étaient payées qu'incomplètement, lesdites

sommes en or seraient immédiatement employées au règlement de ces annuités.

Sont annulées toutes obligations de paiement mises à la charge du Conseil d'Administration de la Dette Publique Ottomane tant par la Convention du 20 juin 1331 (3 juillet 1915) relative aux bons de monnaie turcs de la première émission, que par le texte porté au verso de ces bons, le Gouvernement turc demeurant responsable vis-à-vis des porteurs de ces mêmes bons.

during the war to accept Turkish Government currency notes at a specified rate of exchange in payment of goods to be exported to Turkey from Germany after the war.

Article 69.*

The sums of gold transferred by Germany and Austria in accordance with Article 259 (1) of the Treaty of Peace of 28th June, 1919, with Germany and Article 210 (1) of the Treaty of Peace of 10th September, 1919, with Austria shall be delivered to Turkey subject only to their being employed as an additional guarantee for the payment of the five first annuities due in accordance with Section II of the present Part and to the following conditions.

If these annuities are paid at their due date, an amount of gold equivalent to the amount paid by the Turkish Government shall be forthwith placed at the disposal of that Government. After the payment of the fifth annuity the Turkish Government shall receive the balance of the sums of gold referred to in the preceding paragraph.

If for any reason the annuities due by Turkey to the other Contracting Powers are not paid on their due date or are only paid to a partial extent the aforesaid sums of gold shall be forthwith utilised in order to make up the total of the annuities.

The Council of the Administration of the Ottoman Public Debt is hereby absolved from all obligations to make any payments incumbent on it under the Convention of the 20th June, 1331 (the 3rd July, 1915), on the subject of the Turkish paper money of the first issue or under the words inscribed on the back of the Bonds, the Turkish Govern ment remaining responsible to the holders of the said Bonds.

* Subsequently revised in accordance with the final offer made to the Turkish Delegation see page 833, paragraph 3.

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