§ 79. Sir FREDRIC WISEasked the Secretary of State for Foreign Affairs the position of the City of Constantinople Five per cent. Municipal Loan secured by the receipts from the Galata Bridge; and, if these receipts are not yet being received for the loan, if he will place the facts before the Anglo-Turkish panel of the Mixed Arbitral Tribunal?
Mr. SAMUELThe Constantinople Prefecture paid to the National Bank of Turkey on 3rd March last the sum of £T. 132,000 from the receipts of the Galata Bridge tolls on account of the Constantinople Municipal Loan. This amount is apparently calculated to represent, on the basis of French francs as opposed to sterling, the annual payment of interest and sinking fund. The question of bringing the matter before the Mixed Arbitral Tribunal is one for the bondholders to consider.