Anglo-Ottoman negotiations eventually determine the sum of…

Anglo-Ottoman negotiations eventually determine the sum of the annual fixed payment at exactly 92,799 pounds sterling, eleven shillings, and three pence.

The governor of the island, Ronald Storrs, will later wrote that the calculation of this sum was made with "all that scrupulous exactitude characteristic of faked accounts."

The Cypriots find themselves not only paying the tribute, but also covering the expenses incurred by the British colonial administration, creating a steady drain on an already poor economy.