467.11/1124
The American Chargé in Turkey (Washington) to the Turkish Acting Minister for Foreign Affairs (Menemencioglu)23
Sir: Your Excellency will recall that under the provisions of the American-Turkish Agreement of October 25, 1934, the Turkish Government undertook to pay to the Government of the United States the sum of $1,300,000 in full settlement of the claims of American citizens which were embraced by the Agreement of December 24, 1923. The former Agreement further provided that payment was to be in thirteen annual installments of $100,000, the first installment to be made on June 1, 1936.
A Commission which has had the claims of American citizens under consideration, after careful and impartial inquiry, has made awards which amount to $899,338.09. I take pleasure in informing Your Excellency that my Government will consider the obligation of the Turkish Government, under the Agreement of October 25, 1934, fully discharged when the annual payments of $100,000 shall have reached the total amount of the awards, that is, $899,338.09. Inasmuch as the Turkish Government has already made payment of $200,000, my Government will expect to receive only the additional sum of $699,338.09, to be paid in six equal installments of $100,000 on the agreed upon date in June of the years 1938, 1939, 1940, 1941, 1942 and 1943, and a final installment of $99,338.09, payable in June, 1944. Accept [etc.]
- Copy transmitted to the Department by the Chargé in his despatch No. 377, October 18; received November 2.↩