ISSUE TO ADDRESS
The Lausanne Estate

With the Treaty of Lausanne signed, a number of important issues remain unresolved. The Mosul question must be settled by direct negotiations between Turkey and Great Britain, as well as that of the Baghdad railway.

Holders of Turkish funds will have to discuss the arrangement necessitated by the attitude of the Turkish government regarding the currency of payment of coupons.

Finally, the allied governments will have to settle among themselves the distribution of the 5,850,000 gold Turkish pounds which the Peace of Lausanne grants them by way of reparation for war damages. We know that America itself is claiming its share of this indemnity and that Italy has up to now thwarted any attempt at distribution by not wanting to admit that England keeps the 6 million pounds for herself alone. Turkish gold paid by Turkey in 1914 for the construction of two battleships.

Turkish-American conventions

Parallel to the Treaty of Lausanne, America will sign an agreement with Turkey. Having never been at war with the Turks, the United States did not have to interfere in the peace treaty.

This does not mean that Mr. Grew, the American observer, has remained inactive: to his silent role of witness, he has joined the action of negotiator. This resulted, in agreement with Ismet Pasha, in two conventions: the first, of commerce; the second, of establishment; this, which regulates the conditions of residence, jurisdiction, etc., replaces, in fact, the abolished Capitulations.

It constitutes a diplomatic victory to the credit of America which always considered the Capitulations as a bilateral act, whereas the Turks held them for gracious acts granted by the sultan.

These two conventions will probably be signed in Berne today.

The Question of Egypt

By the Treaty of Lausanne, Turkey renounces all sovereignty over Egypt and Article 18 provides that "subsequent stipulations will settle questions arising from the recognition of the Egyptian State".

The government is known to have granted the Egyptian people pseudo-freedoms with a supposedly autonomous government. The Egyptians do not intend to content themselves with a regime of disguised domination. The "Egyptian National Party", led by M° Saïd bey Telemat and by M° Ahmed Loutty bey, intends to fight to obtain for Egypt the complete freedom to which its state of high civilization entitles it.

In France, we can only be sympathetic to these demands, but we believe that the worst service to be rendered to Egypt would be to claim to exert, by using her, pressure on England in the negotiation. for Tangier. It is the independent action of Egyptian patriots that will restore the land of the Pharaohs to its lost freedom.