Another Concession

The surprise of the week was the reported agreement signed at Lausanne between an Anglo-French Company, styled for the present the Leslie Urquhart Group, and the National Society of Turkey for Export and Import. The agreement is said to be "one of the largest yet made for the exploitation of Turkey."

The terms of the agreement provide for a virtual monopoly of Turkish export and import trade. The two concerns will be sister Companies; one entirely Turkish, the other Anglo-French.

In the Turkish Company there are said to be 175 members of the Angora National Assembly, a fact that will give the Company considerable political power.

The Urquhart Company plans to open branches throughout Anatolia and to start its operations almost at once. It will have power to bar competition and to give exclusive rights of entry into Turkey to British and French goods.

The U. S. Department of State made no official announcement regarding the position of the United States concerning what is thought to be a violation of the " open door" policy.

The Lausanne Conference between the Allies and Turkey is still hanging fire over the question of the Ottoman debt. France refused to accept payment in paper francs.