Page:United States Statutes at Large Volume 49 Part 2.djvu/1664

 3670 CLAIMS-TURKEY. OCLoWr2.' i ,l9 .' l4._ Claims agreement between the United States of America a1Ul Turkel/. Signed October 25, 1934, ratified by the Grand National Assembly of Turkey, December 23,1.934. Claims agre.lIuent with 1'urkey. PhlUi(lOlenullries. The Government of the United States of .America and the Govern- ment of the Republic of Turkey, being desirous of effecting an amiable, expeditious and economical adjustment of the claims embraced by the Agreement concluded by them through an exchange of notes dated December 24, 1923/ and confirmed by an Agreement through an exchange of notes dated February 17, 1927, 1 have resolved to conclude the present Agreement for that purpose, and have appointed as their plenipotentiaries: THE PRESIDENT OF THE UNITED STATES OF AMERICA, Fred Kenelm Nielsen, and THE PRESIDENT OF THE REPUBLIC OF TURKEY, Dr. Tevfik Rii~tii Bey, Deputy of Izmir, :Minister of Foreign Affairs of the Republic of Turkey, Who, having communicated their full powers, found to be in good and due form, have agreed as follows: ARTICLE I PtI),lDent,. 'i hyTurkey. The Government of the Republic of Turkey will pay to the Gov- ernment of the United States of America the ~um of $1,300,000 (one million three hundred thousand dollars) of the United States of America, without interest, in full settlement of claims of American citizens which are embraced by the Agreement of December 24, 1923. In IlnDua! illstl1l1. Payment of this sum will be made in thirteen annual installments of ments. $100,000 (one hundred thousand dollars). Payment of the first installment will be made on June 1, 1936, following the ratification of the present Agreement by the Grand National Assembly of Turkey. ARTICLE II Payment c"I1S;t.Iered The two Governments agree that, by the payment of the aforesaid Cull release (If desi,,- uated cllllm.~ sum, the Government of the Republic of Turkey will be released from liability with respect to all of the above-mentioned claims formulated against it and further agree that every claim embraced by the Agree- ment of December 24, 1923, shall be considered and treated as finally settled. I Not printed.