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

-16- under the supervision of the League of Nations, and in the event of any part thereof being left over this could be used compulsorily by the National Bank for strengthening of gold cover of forced circulation. And if a similar solution were reached with the American Government as well the whole amount of the loan thus to be concluded might go towards the same purpose, a basis for the definitive strengthening and stabilization of our monetary circulation being thus put. It goes without saying that all adequate guarantees would be provided for the service of such a loan by the interposition of the International Financial Commission HORNE-GOUNARIS AGREEMENT. The Horne-Gounaris agreement does not free the British Government from the obligation of paying the out- standing balance of £12,000,000. In virtue of this agree- ment Mr. Gounaris "undertakes to make any payment that may be necessary to the National Bank of Greece out of the proceeds of the loan or loans to be raised in Great Britain in order to secure the assent of that Bank to which the Greek Government has ceded its claims under the agreement mentioned below; and subject to such assent the Greek Government waives all claims to receive any further advances out of the credit of £10,000,000 provided for in the agree- ment of 10 February 1918, and also waives all claim to receive any advances out of the credit of 2,000,000 provided for in the further agreement of May 1919. Considering that the loan for which the permission mentioned in the Horne-Gounaris Agreement was granted never materialized and that therefore neither did the National Bank receive the equivalent of the credits ceded to her and resulting from the agreements of 1918 and 1919, the National