Monday, September 17, 2012

Italian-Turkish Peace Terms Fixed.

New York Times 100 years ago today, September 17, 1912:
Only the Question of a $100,000,000 Loan to the Ottoman Government Said to Remain.
ITALY TO CEDE SOME LAND
As "Compensation" to Turkey for the Loss of Tripoli — Won't Try to Keep the Aegean Islands.
    PARIS, Sept. 16.— The terms for peace between Italy and Turkey have been practically arranged, with the exception of a proposed loan to Turkey of between 500,000,000 and 600,000,000 francs, ($100,000,000 and $120,000,000.) concerning which Italy is now communicating with French, English, and Belgian financiers, according to a telegram received to-day by the Temps from RenĂ© Puaux, one of its editors, at Geneva.
    The terms of the proposed settlement include, the dispatch states, the tacit acceptance by the Porte that the Italian occupation of Tripoli is an accomplished fact. Turkey being permitted to retain a Mediterranean port at one of the extremities of Libya, with a strip of territory allowing communication with the Arabs in the interior.
    Provision is also made for the recognition of the spiritual suzerainty of the Sultan in Tripolitania, for the payment of monetary grants to the Arab chiefs by Italy, which also will pay to Turkey annually a certain amount of the national debt, the payment being guaranteed by revenues derived from Libya, and for the cession to Turkey of some portion of Italian territory in the Red Sea as compensation for the loss of Tripoli.
    The Italian delegates objected to the suggested retrocession of a part of Massowa in the Italian colony of Eritrea, and this may be eliminated. The question of the status of the Aegean Islands has not been raised, the writer concludes, as Italy is aware that the powers would not agree to their retention by her.

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