By this decree the outstanding capital of the exterior debt, to which were added the Ramazan certificates above mentioned, and all interest fallen due, making a grand total of £252,800,000, was scaled down to £106,437,234 (£T117,080,958).
The reforms proposed included the adoption of European time, the European calendar, and the Latin alphabet; the abolition of veiling of women - as a practice of far-reaching, injurious influence upon the race; the abolition of the annual, month-long fast of Ramazan, and of the Feasts of Bairam.