Letter from E. Tsouderos to O. Niemeyer regarding Greevce"s war loan from England.

173/30 4189 51, Upper Brook Street., London. W.1. February 18th.1925. Dear Sir Otto, In reply to your letter of the 17th Instant, I beg to enclose herewith the Draft of Agreement with certain slight modifications indicated by underlining. Even these proposals, however, I submit, without having yet received my Government's reply, but under the same considerations as explained in my previous letter (14th instant). As you agree that the 31st. of March 1926 should be fixed as to the due date for the Treasury Bills. I consider that it would be more convenient to fix the debt as on the 31st. of March 1925, and to mention in our agreement the amount of £20,340,527. arising as per table herewith attached. I computed the sums of the interest for a period of five years (from the 1st April 1920 as you did in a table given to Mr. Protecdicos) but with no compound interest. It is understood, however, that this is subject to your sanction. If you deem it advisable, we may keep the appended table as an annexe to the agreement, which we are going to sign. It would facilitate forthcoming negotiations for the ultimate settlement of this matter. It would then be unnecessary to open new negotiations about figures. If you consider it, however, to be superfluous, Sir Otto Niemeyer, C.B., The Treasury, Whitehall, S.W.1.