E. Venizelos'un Yunanistan'ın İngiltere'ye olan savaş borcuna ilişkin muhtırası.

-17- would have been decimated, nor even how we can be consured for the extension of our railway system. Without the urgent construction of these works the successful establishment on our territory of the 1\2 million new inhabitants could not possibly be achieved, nor could Greece continue to bear her heavy obligations abroad. Criticism of such expenditure is on the other hand all the more unjustified as we did not invoke same in support of the view that through this expenditure the paying capacity of Greece was reduced and we expect on the contrary that when these works are completed this paying capacity will be strengthened rather than diminished. Conclusions. In view of the foregoing considerations I am led to propose that, relinquishing all claims on the value of the war material covered by the agreement of 1918, His Britannic Majesty's Government may see their way to accept on the balance of the debt of Greece payment of a percentage proportional to the one accepted by them in payment from Italy. In any case it should be noted that the position of Greece, even in the event of the question of her war debt being settled according to her views, is a particularly difficult one. The British Government could help us in this difficult position without in any burdening the Budget if it were to arrive at the decision of guaranteeing, in full execution of the obligations assumed by it through the Agreement of 1918 - in favour of Greece the raising on the British market of a loan of an effective amount of £8,460,000 which is the unpaid portion of the £11,000,000.- This sum would be affected to the further settlement of the refugees under the same conditions as the refugee loan,