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222
the Greek funds. We on the contrary, think that almost
any evil is clearly & distinctly to be attributed to their having
had too much. Neither in the first loan – (when there might
have been some excuse for inexperience) nor in the second
(when there was no such excuse) & was any sufficient
authority exercised in order to secure the advantageous employment of
the money either in England or Greece. The power to save
Greece was always in the hands of those who controlled the Loans
– & they ought to have been disposed of by honest, intelligent
& active minds – instead of being exposed to the errors of
ignorance, indolence or aspidity† The judicious application
of one fourth part of the sums which have been raised for
Greece would, as we firmly believe have completely freed driven the invaders from her
soil;from but it cannot now, be doubted that the situation
of Greece is now far less favorable than it was when she had
received any pecuniary assistance whatever. The interference The Count declares
of the Greek Committee to have been any benefit to the well being
of Greece because the Deputies were compelled to yield to the suggestions
The Count's charges against the Greek Committee as far as we
can understand them, are first that "it arrogated to itself the right of
preventing certain moneys being sent to Greece & constituted itself
the protector of the bondholders"p8 Now the latter part of the charge
is partly mainly true, inasmuch as the Committee always deemed that
the best policy for Greece was the faithful discharge of the pledges they
had given to her creditors, – & the Committee certainly instructed its
Identifier: | JB/110/042/003 "JB/" can not be assigned to a declared number type with value 110.
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sir john bowring |
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