4. That a loan of 1,500,000£ is guaranteed.
5. That he may have troops furnished to him.
6. He stipulates that the Greeks should have the power of declining him, le soussigné, as their Prince.
A guarantee there will probably be, and therefore the alteration of boundaries, which Leopold knew could not be listened to, is in fact unnecessary.
Each power separately and individually may use its good offices with the Porte for the protection of the Greeks in Samos and Candia, and indeed, under the agreement as to an amnesty, each would be bound to do so; but no triple agreement will be entered into, the object being to get out of the Treaty of July 6.
Aberdeen seemed disposed to allow 1,000 men of each of the three Powers to go to Greece. This would continue the triple action, and as these troops would go, not against any external enemy, but against Greeks, the measure would be somewhat in contradiction to the declaration the other night that the Greeks and their Prince might make what Government they pleased. After some conversation it seemed the general opinion that it would be better to pay the cost of the troops than to have our own there, and in fact the same money would enable Greece to have twice the number of Germans or Swiss that she could have of British. This I thought. But I suggested that Greece could not want a large sum down. A sum might be required for outfit, but then an annual sum. Peel proposed the whole loan guaranteed should be 700,000£, of which 100,000£ to be paid down as outfit, and then 100,000£ a year for six years at 5 per cent; the three Powers guaranteeing each a third part of the interest. It is better to guarantee the loan, then to pay money down. The loan, they say, can be made at three. Aberdeen says the Greeks give a most flourishing exposé of their future finances, and he thinks they will become a rich State, and the Powers be exposed to no danger of being called upon for the payment of the interest. I think he begins to love his Greek progeny.
The Duke only desired we would get out of the treaty. I suggested the inexpediency of our joining in the guarantee. A guarantee gave no right of intervention we should not otherwise possess, and it obliged us to interfere when we might not desire to do so. However, I fear there will be a guarantee.
February 16.
Cabinet. There seems to be little doubt that the Emperor Pedro means to direct an expedition from Rio against Portugal, Terceira being the point of rassemblement. This is a practical answer to the question recently put by us conjointly with France and Austria as to the intentions of the Emperor, and therefore we are at liberty to act as if a specific answer had been received. It seems Austria will be very unwilling to recognise Don Miguel; France not.
The object of recognising him is to prevent a revolutionary war in Portugal and the entrance of Spanish troops into Portugal to oppose it.