Size
Ottoman Empire
- In 1875 the nominal public debt was £200,000,000, with annual interest and amortization payments of £12,000,000, more than half the national revenue.
- In December 1881, the debt was reduced from £191,000,000 to £106,000,000 with the government's concessions to the OPDA.
Republic of Turkey
- During the Paris Conference of 1925, the Republic of Turkey agreed to pay 62% of the Ottoman Empire's pre-1912 debt, and 77% of the Ottoman Empire's post-1912 debt. With the Paris Treaty of 1933, Turkey decreased this amount to its favour and agreed to pay 84.6 million liras out of the remaining total of 161.3 million liras of Ottoman debt. The last payment of the Ottoman debt was made by Turkey on 25 May 1954.
Read more about this topic: Ottoman Public Debt
Famous quotes containing the word size:
“To believe her limited in range because she was harmonious in method is as sensible as to imagine that when the Atlantic Ocean is as smooth as a mill-pond it shrinks to the size of a mill-pond.”
—Rebecca West (1892–1983)
“Beauty depends on size as well as symmetry. No very small animal can be beautiful, for looking at it takes so small a portion of time that the impression of it will be confused. Nor can any very large one, for a whole view of it cannot be had at once, and so there will be no unity and completeness.”
—Aristotle (384 B.C.–322 B.C.)
“Our brains are no longer conditioned for reverence and awe. We cannot imagine a Second Coming that would not be cut down to size by the televised evening news, or a Last Judgment not subject to pages of holier-than-Thou second- guessing in The New York Review of Books.”
—John Updike (b. 1932)