Hankow, May 28.
An agreement between Great Britain and Turkey was signed yesterday, which embraced the granting credits to Turkey j totalling 16,000,000.
Of this sum £10,000000 was designated for trade purposes while ££6,000,000 was for the delivery of armaments, mostly warships. Special legislation will be introduced concern-the sum for armaments.
Well-informed circles regard the arrangements as very desirable, considering Turkey's wealth in minerals [Such as iron, ore, lead, chromides and coal, for the development of which the ' country requires from Great Britain. mining machinery and rally way and port equipment, apart from technical advice.
It is hoped that the first furnace of the new iron works will commence to operate in June, 1939.
Tt-is pointed out that Turkey, in making an arrangement with Great Britain, has broken away from her previous practice of conducting trade fon the parler basis, under which Germany used to be the, principal
Text read from the printed page and cleaned; old type leaves the occasional error.