'Treaty of Peace with Turkey. Signed at Sévres, August 10, 1920. [With Maps.]' [‎46r] (71/112)

whicli are subject to liquidation in accordance with the provisions of the present Treaty,
including any shares, stock, debentures, debenture stock or other obligations of any
company incorporated in accordance with the laws of that Power.
I he 1 urkish Government will, at any time on demand of any Allied Power
concerned, furnish such information as may be required with regard to such property,
rights and interests, or with regard to any transactions concerning such property, rights
or interests since July 1, 1914.
Article 302.
Debts, other than the Ottoman Public Debt provided for in Article 236 and
Annex 1, Part ^ III (Financial Clauses) of the present Treaty, between the Turkish
Government or its nationals resident in Turkish territory on the coming into force of the
present Treaty (with the exception of Turkish companies controlled by Allied groups or
nationals) on the one hand, and the Governments of the Allied Powers or their nationals
who were not on August 1, 1914, I urkish nationals or (except in the case of foreign
officials in the 1 urkish service, in regard to their salaries, pensions or official remuneration)
resident or carrying on business in Turkish territory, on the other hand, which were
payable before the war, or became payable during the war and arose out of transactions or
contracts of which the total or partial execution was suspended on account of the war,
shall be paid or credited in the currency of such one of the Allied Powers, their colonies
or protectorates, or the British Dominions or India, as may be concerned. If a debt was
payable in some other currency the conversion shall be effected at the pre-war rate
of exchange.
For the purpose of this provision the pre-war rate of exchange shall be defined as the
average cable transfer rate prevailing in the Allied country concerned during the month
immediately preceding the outbreak of war between the said country and Turkey.
If a contract pi^vides for a fixed rate of exchange governing the conversion of the
currency in which the debt is stated into the currency of the Allied Power concerned,
then the above provisions concerning the rate of exchange shall not apply.
The proceeds of liquidation of enemy property, rights and interests and the cash
assets of enemies, referred to in this Section, shall also be accounted for in the currency
and at the rate of exchange provided for above.
The provisions of this Article regarding the rate of exchange shall not affect debts
due to or from persons resident in territories detached from Turkey in accordance with
the present Treaty.
Article 303.
The provisions of Articles 2S7 to 302 apply to industrial, literary and artistic
property which has been or may be dealt with in the liquidation of property, rights,
interests, companies or businesses under war legislation by the Allied Powers, or in
accordance with the stipulations of the present Treaty.
SECTION V.
CONTRACTS, PRESCRIPTIONS, JUDGMENTS.
Article 304.
Subject to the exceptions and special rules with regard to particular contracts or
classes of contracts contained in the Annex hereto, any contract concluded between
enemies will be maintained or dissolved according to the law of the Allied Power of
which the party who was not a Turkish subject on August 1, 1914, is a national, and on
the conditions prescribed by that law.
Article 305.
All periods of prescription or limitation of right of action, whecher they began to
run before or after the outbreak of war, shall be treated in the territory of the High
Contracting Parties, so far as regards relations between enemies, as having been suspended
from October 29, 1914, till the coming into force of the present Treaty. They shall
begin to run again at earliest three months after the coming into force of the present
Treaty. This provision shall apply to the period prescribed for the presentation of
interest or dividend coupons or for the presentation for repayment of securities drawn for
repayment or repayable on any other ground.
Having regard to the provisions of the law of Japan, neither the present Article nor
Article 304 nor the Annex hereto shall apply to contracts made between Japanese
nationals and Turkish nationals.