Agreement between the English and the Greek Governments on war debts.

AGREEMENT BETWEEN THE BRITISH AND GREEK GOVERNMENTS IN REGARD TO WAR DEBT. 1. The Gross War Debt of Greece to the British Government as on 31st March 1925, is agreed at £20,710,312 (as per table appended hereto) subject to the provisions of Article 4 and 6 of the present agreement. 2. As regards the amount covered by Greek Government 12 months 5% Sterling Treasury Bills shown in Subhead C of the Table, the Bills in question which fall due after the 31st March 1926, will be exchanged for bills of a shorter currency than 13 Months falling due on 31st March 1926 and any Bills which fall due between the date hereof and 31st March 1926 will be replaced with bills falling due on 31st March 1926. 3. The Greek Government will forthwith deliver to the British Government Greek Government 12 months 5% Sterling Treasury Bills, dated the 1st April 1928, and payable on the 31st March 1926, for an amount of £11,950,898, viz, the amount of the Debt not hitherto covered by Treasury Bills. To this amount being the principal, the interest for one year due thereon will be added. 4. Before any payment is asked for in respect of the Debt representing cessions of material etc. under the Agreement of February 1918 No.VII (original capital 27,006,062), the British Government will be willing to consider afresh the measures in which this Debt for material covered by this Article should be finally charged to Greece, taking into account her economic and financial situation in general.