§ MR. E. MORTONI beg to ask the Under Secretary of State for Foreign Affairs whether Her Majesty's Government will secure, with the concurrence of the French Government, an adequate sum from the savings which will accrue through the conversion of the Ottoman Guaranteed Loan of 1855, for the purpose of placing the administration of Crete upon a sound financial basis under commissioners appointed by the Powers?
MR. CURZONThe question of the conversion of the Ottoman Guaranteed Loan of 1855 has not yet reached a stage at which I can make any statement in regard to it, but I do not at present see how any savings out of the so-called Cyprus Tribute could properly be applied to Crete.