Report discussing the Greek war debt to England.

173/47 4307 THE WAR DEBT OF GREECE to GREAT BRITAIN. In order to enable Greece to participate to the Great War with all her forces, Great Britain, France and the U.S.A., by virtue of the agreements of 10th February 1918 (Annex A ) and 12th May 1919 (Annex B), pledged themselves to grant her advances of £18,000,000, for Great Britain, 300,000,000 francs for France, and 48,000,000 dollars for the U.S.A. According to article 2. of the first of these agreements,: "Ces avances seront mises a la disposition au Gouvernement Hellenique, ou fur et a mesure de ses besoins, sur sa demande et pur l'avis conforme d'une Commission financiere Internationale qui sera instituee a Athènes. "L'emploi de ces ressources sera suivi tant per ladite Commission que par une Commission Militaire Inter- alliee, siegeant egalement a Athens, et qui prelablement a l'octroi des avances, ayant pour objet l'organisation et l'entretien de l'armee et de la Marine, aura fourni son avis a la Commission Financiere". According to article 3. of the same agreement: "These advances in dollars, francs and sterling pounds, destined to cover the issue of equal amounts of banknotes made by the National Bank Of Greece, were to be used during the war as need might be by means of drafts on any one of -1-