During 1905 and 1906 about 3,000,000 was paid into the fund through the liquidation of the DaIra loan.
The settlement of 1880 was effected on the basis of the proposals made by this commission, and was embodied in the Law of Liquidation of July 1880after the deposition of Ismail.
This new fund started with a capital of 13,376,000 and was replenished by the surpluses of subsequent years, by the interest earned by its temporary investment, and by the sums accruing by the liquidation of the Daira and Domains loans.
Of the vessels to be sent to Paris with American cargoes which were to be sold for the liquidation of French loans to the colonies made through Beaumarchais, few arrived; those that did come did not cover Beaumarchais's advances, and hardly a vessel came from America without word of fresh drafts on Franklin.
But since the non-German nationalities were not prepared to accept such a peaceful settlement, the liquidation between the monarchy and the new republic was confined to German-Austria, and Lammasch's friendly offices might certainly be thanked for the fact that in this quarter the settlement was achieved quite bloodlessly, in favourable contrast with the two years of fighting between Czechs, Poles, Ruthenians, Magyars, Rumanians, Southern Slays and Italians.