Treaty of Sèvres (1920); World War, 1914-1918 -- Territorial questions -- Turkey; World War, 1914-1918 -- Turkey
To these public establishments should be added such purely private
industrial or commercial concerns as the Orosdi-Back establishments;
the Oriental Tobacco Company; the Tombac Company; the “Société
nationale pour le commerce, l’industrie et l’agriculture dans l’Empire
ottoman”; the concession of Shukur-ova, the only French concession of
landed property situated in the Gulf of Alexandretta on the intended
track of the Baghdad Railway, including about 150,000 acres of Imperial
land, which represent an entirely French capital of 64 million francs;
the Oriental Carpet Company, which is a Franco-British concern; the
Joint Stock Imperial Company of the Docks, Dockyards, and Shipbuilding
Yard, which is entirely under British control, etc.
During the war, the share of France and that of England were increased,
as far as the Public Debt is concerned, by the amount of the coupons
which were not cashed by the stockholders of the Allied countries,
while the holders of Ottoman securities belonging to the Central Powers
cashed theirs.
Beyond this, Turkey borrowed of Germany about 3½ milliards of francs.
An internal loan of 400 million francs had also been raised. To these
sums should be added 2 milliards of francs for buying war supplies
and war material, and the treasury bonds issued by Turkey for her
requisitions, which cannot be cashed but may amount to about 700
million francs. As the requisitions already made during the Balkan
wars, which amounted to 300 or 400 million francs, have not yet been
liquidated, the whole Turkish debt may be valued at over 10 billion
francs.
Finally, in the settlement of the Turkish question, the war damages
borne by the French in Turkey should also be taken into account, which
means an additional sum of about 2 milliards of francs.
The French owned in Turkey great industrial or agricultural
establishments, which were wholly or partly destroyed. At
Constantinople and on the shores of the Marmora alone they had about
fifty religious or undenominational schools, which were half destroyed,
together with everything they contained, perhaps in compliance with the
wishes of Germany, who wanted to ruin French influence for ever in that
country.
Public-domain text, read in full here on John Shaqi.
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