Anglo-Ottoman Convention of 1913 this agreement would ensure British support on other more pressing issues, such as dealing with invasion by other European powers and conflicts in other parts of the Ottoman Empire. Furthermore, British pressures led the Ottomans to abandon the proposed extension of the railway line to Kuwait and instead opt for a Basra terminus. Plans for a Basra terminus created a new series of demands on behalf of the British, including the Ottoman renunciation of Qatar, and delineating its role in the wider Persian Gulf waters. Britain had wanted to conclude agreements with Sheikh of Qatar Jasim al-Thani about illicit arms
Historiography of the fall of the Ottoman Empire in the Balkans hastened the slide into bankruptcy. After negotiations with the European powers, the Public Debt Administration was set up, to which certain revenues were assigned. This arrangement subjected the Ottomans to foreign financial control from which they failed to free themselves, in part because of continued borrowing. In 1914, the Ottoman debt stood at 139.1 million Turkish pounds, and the government was still dependent on European financiers Why had the Ottomans not developed their own financial system in line with London and Paris? It was not for the want of trying. Since the beginning of the 18th century,