The Archive · 1930

Stable Currency for Turkey a Angora, Sept. 14s

The President of the Turkisi Republic has convened the Nations jai" Assembly for September 29 in order to. study the question of stabilizing the currency. Professot Rist, the well-known French econo mist, has made a detailed report of {the financial possibilities of Turkey, Jand has sketched a scheme for financial reorganization of the basis of a plan he prepared for Mf, Pome. care four years ago.

'The report deals with the Ottoman: debt and in a few days it will' ber presented to the Government whjctin' will then transmit it to the: Hilts Council on the Ottoman Dobti+ Lat expected that the -question—of' inpaid coupons (from state ronta)z) will be reconsidered but it. is. ims probable that any payment will be made before the political si becomes clearer.

In fact the opposition of. Ising Pasha and Fethi Bey has, to, solved first by Parliament which then choose and vote the neces measures to answer the needs monetary circulation, med Such is in brief the position of week before the National Assembly, opens. The session will be. an. extraordinary one as ordinarily the present, Parliament would nob assemble before next Januai stabilize the currency the Assembly, at least equal to the foreign curveney. Jat present flooding the market and Jat the same time it must, propose urgent regulations for the coining of large quantities of The daily newspaper "Republik" commenting on the forthcormi meeting, insists on the necessity of" Turkey having: more bank notes ands alluding to the present, political: feonditions which border pot dictatorship, writes that the political"

ficulties and the struggle between, the parties will certainly produce many interesting debates which will ausist the country to xpress Jown will better.

"The manager of the newspaper: Son Saat" has been arrested for* having reprodticed an article from the Smyrna newspaper "Hizmit" in-which the Government was violently, attacked—ARLP. 1

Constantinople, Sept. 14, 1 The Turkish parliament has. boo: called together for an extraordinary, session which ig to open on Sop: tember 22 in order to devise means for the note system. The session will also become of the greatest impor in view of the fact that on this o¢ecasion the newly founded Liberal: opposition party will make its ape pearance for the first time in pate ment with the secret unders, ding, it is believed, of getting the support of President Kemal! Pasha—Trans-Ocean Kuo Min,

Text read from the printed page and cleaned; old type leaves the occasional error.

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