New construction to an amount of £T5,000,000, repayable over ten years at the rate of £T50o,000 a year by national subscription guaranteed by the government, had by 1910 been voted by parliament.
In the same year another series of bonds (hazin g tahvili), bearing 6% interest, and repayable in 1861, was issued; in 1861 the term of reimbursement was prolonged until 1875.
In 1859 the settlement of palace debts gave rise to the issue of 1,000,000 purses of new interior bonds (esham-i jedide) spread over a period of three years, repayable in twenty-four years, and bearing interest at 6%.
Further 6% bonds, repayable in ten years, and styled serguis, were issued in the same year.
Expenses voluntarily incurred by the assured with that object are expressly made repayable by the sue and labour clause of the policy.
