3274) Turkey In Europe And Asia - Oxford Pamphlets 1914 : Free E-Book

© This content Mirrored From  http://armenians-1915.blogspot.com Turkey is an incalculable Power, the most paradoxical that ever was or, let us hope, will be At the present Moment her national indebtedness-funded floating and unprovided is approaching two hundred millions sterling. The mere annual charge on a part of that debt, the part covered by loans, amounts to about a third of her actual revenue, which is not one-seventh of her liabilities. It is scarcely two years since she emerged from a war for existence, which added above a whole year's revenue to her debt and more than that to her liabilities, robbed her of one-tenth of that revenue and an eighth of her population by the loss of Macedonia and the Isles, and demonstrated her incompetence to wage war under modern conditions. After the war, fast tied and bound as she was already in international . . .

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