'Treaty of Peace with Turkey. Signed at Sévres, August 10, 1920. [With Maps.]' [‎38r] (55/112)

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Article 23(j.
All the resources of Turkey, except revenues conceded or hypothecated to the service
of the Ottoman Public Debt (see Annex 1), shall be placed at the disposal of the Financial
Commission, which shall employ them, as need arises, in the following manner :
(i) I he first charge (after payment of the salaries and current expenses of the
Financial Commission, and of the ordinary expenses of such Allied forces of occupation
as may be maintained after the coming into force of the present Treaty in territories re
maining Turkish) shall be the expenses of the Allied forces of occupation since October
30, 1918, in territory remaining Turkish, and the expenses of Allied forces of occupation
in territories detached from Turkey in favour of a Power other than the Power which has
borne the expenses of occupation.
The amount of these expenses and of the annuities by which they shall be discharged
will be determined by the Financial Commission, which will so arrange the annuities as
to enable Turkey to meet any deficiency that may arise in the sums required to pay that
part of the interest on the Ottoman Public Debt for which Turkey remains responsible
in accordance with this Part.
(ii) The second charge shall be the indemnity which the Turkish Government is to
pay, in accordance with Article 235, on account of the claims of the Allied Powers for
loss or damage suffered in respect of their persons or property by their nationals, (other
than those who were Turkish nationals on August 1, 1914) as defined in Article 317,
Part IX (Economic Clauses), through the action or negligence of the Turkish authorities
during the war, due regard being had to the financial condition of Turkey and the
necessity for providing for the essential expenses of its administration. The Financial
Commission shall adjudicate on and provide for payment of all claims in respect of
personal damage. The claims in respect to property shall be investigated, determined
and paid in accordance with'Article 287, Part IX (Economic Clauses). The Financial
Commission shall fix the annuity to be applied to the settlement of claims in respect of
persons as well as in respect of property, should the funds at the disposal of the Allied
Powers in accordance with the said Article 287, be insufficient to meet this charge, and
shall determine the currency in which the annuity shall be paid.
Article 237.
Any hypothecation of Turkish revenues effected during the war in respect of obli
gations (including the internal debt) contracted by the Turkish Government during the
war is hereby annulled.
Article 238.
Turkey recognises the transfer to the Allied Powers of any claims to payment or re
payment which Germany, Austria, Bulgaria or Hungary may have against her, in accor
dance with Article 261 of the Treaty of Peace concluded at \ ersailles on June 28, 1919,
with Germany, and the corresponding Articles of the Ireaties of Peace with Austria,
Bulgaria and Hungary. The Allied Powers agree not to require from Turkey any
payment in respect of claims so transferred.
Article 239.
No new concession shall be granted by the 1 urkish Government either to a Turkish
subject or otherwise without the consent of the financial Commission.
Article 240.
States in whose favour territory is detached from Turkey shall acquire without pay
ment all property and possessions situated therein registered in the name of the I ui us i
Empire or of the Civil List.
Article 241.
States in whose favour territory has been detached from 1 urkey, either as a result of
the Balkan Wars in 1913, or under the present Treaty, shall participate m the annual
charge for the service of the Ottoman Public Debt contracted before November E ^
The Governments of the States of the Balkan Peninsula and the newly-created States
in Asia in favour of whom such territory has been or is detached from I urkey ^hall give
adequate guarantees for the payment of the share of the above annual charge allotted to
them respectively.