Note about Greece"s war debt to England.

On February 10th, 1918 an agreement of the same date was concluded between the Greek Government on the one hand, and the Governments of Great Britain, France and the United States of America on the other ) see page of the book "La Grèce et les crédits Alliés" ). On May 19th, 1919 a second agreement of even date was concluded between the Greek Government, on the one side and the Governments of Great Britain and France on the other (see page ... of the same book). According to the provisions of these agreements the National Bank of Greece, to whom the Greek Government ceded by the Law No.1235 of the 4th April 1918 these Allied credits, paid, the whole amount of these credits which were totally expended in accordance with the terms of the agreements of 1918 and 1919 as is shown by the copies of the proceedings of the Commission Financière Internationale and the Commission Militaire Internationale (see page op.cit.) On the basis of the said agreements the National Bank of Greece began, six months after the conclusion of peace with Germany, to draw drafts according to its needs, and had in this way drawn up to November 1st, 1920 on the British Treasury £5,540,000. However subsequent to the Greek elections of November 1st, 1920 and the resulting restoration of King Constantine, the Governments of Great Britain and France, in consequence of their Note to the Greek Government dated 8th December, 1920 according to which - "au cas ou le Roi Constantin remonterait sur le trône, la Grèce ne recevra de la part des Alliés aucun appui financier, et les deux commissions financières recevront", -1-