Note from E. Tsouderos regarding the settlement of Greece"s war debt to England.

How to effect an equitable settlement of Greece's War Debt. - - - - - - - - - - - - - ( A Note by M.l E.U.Tsouderos) - - - - - - - - - - - - - In accordance with the stimulations laid down in the Agreement of August 31,1925,between the British and the Greek Governments the following points have been agreed to :- a) That the gross war debt of Greece to Britain amounted,) as on the 31st of March 1925,to a total sum ( including interest) of £30,710,312,whereof the principal is £18,408,841 and the interest,at 5%,24,302,471. b) That,before any payment is asked for,the British Govern- ment will be willing to consider the measure in which this Debt for material supplied to us under the 1918 Agreement should be finally charged to Greece,taking into account the latter's economic and financial situation in general ( Art.4). It has also been agreed that in this examination the results of the war for Greece should be taken under consideration,in so far as they exercise an influence over the situation ( See Sir Otto Himever's letter of February 17,1925 to E.U.Tsouderos and the latter's reply thereto.) c) That the capital and interest of British indebtedness to Greece,in respect of damage on Greek Territory by British troops in Macedonia,shall be deducted from the Greek War Debt (Art.5.) d) That the balance thus established ( subject to articles 4 and 5 ) shall be considered as the net War Debt of Greece - 1 -