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Published online by Cambridge University Press: 04 May 2017
1 The following was to have been the text of the draft letter referred to: Draft letter to be addressed by the Turkish Government to the Council of the Ottoman Public Debt (to replace Article 70 of the draft treaty of January 31) The payments which have been effected since the 30th October, 1918, up to the date of the present letter by the establishments entrusted with the service of the loans of the Ottoman Public Debt, in respect of the coupons due on the Unified Debt and on the other loans as well as on the Lots turcs drawn for payment, shall not be further contested in any way by the Turkish Government.The payments, encashments and settlements of account effected since the 30th October,1918, up to the date of the present letter, in accordance with the agreement concluded between the Council of the Ottoman Public Debt and the Constantinople Government in regard to the portion payable to the Ottoman Public Debt of the customs revenues (customs surtaxes) in consequence of the application of the specific tariffs, are recognized as valid.It is understood that the operations referred to in the present letter must not be considered as forming a precedent in regard to future payments.
1 Shipping trade from one port to another of the same state.