National Bank of Turkey
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The National Bank of Turkey was a commercial bank in Turkey founded in 1909.[1] The majority capital came from founding shareholders Sir Ernest Cassel, Lord Revelstoke and Sir Alexander Henderson.[2] The initial impetus for the bank's creation came about as a result of the Young Turk Revolution.[3] The bank operated until 1931.[1]
Background of British Interests
Britain and France had signed the
"... we had no interest in Sir Ernest Cassel's Bank. The Turks had taken the initiative and had arranged the matter independently with Sir Ernest Cassel... I had certainly supported the scheme to the extent of encouraging Sir Henry Babington Smith to accept Sir Ernest Cassel's offer. The selection had been made by Sir Ernest Cassel himself."
and when asked whether the Foreign Office intended to give exclusive support to Cassel's Bank in obtaining concessions at Constantinople, Grey replied:
"..that if need be, we should certainly represent to the Turks that an institution which had been brought into existence as a direct result of their own initiative and representations ought not to be excluded from concessions. But when occasion arose for me to support the Bank's claims I should do what I could to encourage co-operation with French finance."[1]: 370–372
Founding
The
Mesopotamian Oil
In the early 1900s
During 1912, Gulbenkian was setting the foundation for a new scheme, the
On 19 March 1914, the British and German governments signed an agreement whereby the interest of NBT in TPC was transferred to APOC.[5]: 269
Later Developments
In 1918-1919 the NBT was acquired by the
See also
Notes
References
- ^ a b c d e Marian Kent (1975). Agent of Empire? The National Bank of Turkey and British Foreign Policy. The Historical Journal, 18, pp 367-389 doi:10.1017/ S0018246X00023736
- ^ John Burman Politics and Profit:The National Bank of Turkey Revisited Oriens (Brill) Vol.37 (2009) pp = 225-236 jstor= 25759078
- ^ a b Jonathan Conlin (2016): Debt, diplomacy and dreadnoughts: the National Bank of Turkey, 1909–1919, Middle Eastern Studies, DOI: 10.1080/00263206.2015.1124418
- ISBN 9781349020812
- ^ Earle, Edward Meade (1924) The Turkish Petroleum Company:A Study in Oleaginous Diplomacy, Political Science Quarterly, vol 39, no.2,pp.265-279