According to the treaty, Greece was to cede an area of 400 square kilometres to Turkey, to pay war reparations
of 4 million Turkish liras, for which she would contract a special European
loan, and accept the establishment of an International Financial Control Commission
whose task was to oversee the country's public finance in order to settle its previous and
current debts. The treaty decided the establishment of a state of autonomy
for Crete, while Prince George would become High Commissioner.