Saturday, June 23,1973

THE SUMMER DAILY

Page Nine

Greek vote to decide King's future

ATHENS () - When Greeks
vote next month on whether to
accept or reject the government's
ouster of King Constantine, they
also will decide what happens
to the royal family's property
here, valued by real estate firms
at $75 million to $loe million.
The monarchy was abolished
on June I and George Papado-
poulos, then premier, proclaimed
a republic with himself as presi-
dent.
THE REFERENDUM on July
29 will decide whether Greek vot-
ers agree with this action and
whether they want Papadopoulos
as head of state in place of Con-
stantine, who lives in exile in
Italy.
Constitutional amendments ap
for approval or rejection stip-
ulate that the royal family's hold-
ings in Greece wil be expro-
Nuclear test oan
asked on French
island in Pacific
THE HAGUE (UPI) - The In-
ternational Court of Justice ask-
ed France yesterday to suspend
nuclear testing in the S o u t h
Pacific, but the French govern-
ment denied the world court's
jurisdiction in the case.
In an 8 to 6 vote, the court
said "the French government
should avoid nuclear tests caus-
ing the 'deposit of radioactive
fallout on Australian territory."
THE COURT said the govern-
ments of Australia and France
should "ensure that no action of
any kind" is taken which might
aggravate or extend their nuc-
lear tests dispute submitted to
the court or prejudice the rights
of the other party in the respect
of the carrying out of whatever
decision the court may render.
In Paris, France reiterated
its stand that the court has no
iurisdiction in matters of national
defense.
In Canberra, Australian Prime
Minister Gough Whitlam s a i d
he expected the French govern-
ment to postpone its Pacific nuc-
lear program.
"AT THIS STAGE I just want
to say that we in Australia are
very gratified by the court's
decision," Whitlam said in a
brief statement.
le expressed hope that "t h e
Frrench government, which has
a long tradition of respect for
international law, will act in ac-
cordance with what the court
has ordered today."
$2.00 8:30
Electra Record's
Paul Siebel

priated and compensation set at
a later date by the government.
The royal family's holdings are
believed to be vast. They include
forests, country and summer resi-
dences and valuable paintings,
antiques and ancient Greek coins.
THE FAMILY'S largest holding
is the Tatoi estate which c o m-
prises 10,000 acres of pine for-
est 18 miles north of the Greek
capital at the foot of Mt. Parnes.
Nestled among the Greek acre-
age is the family's former year-
round residence and a guest
house.
The king sold 390 acres of Tatoi
last fall to real estate dealers
for $5.2 million. Part of the funds
are frozen in banks here.
Another valuable holding is the
"Mon repos" summer residence
on the picturesque island of Cor-
fu. The house was built in the
neoclassical style of the British
Regency period and is set in a
40-acre park on a promotory
overlooking the Ionian Set. The
value of this property is esti-
mated at $10 million to $12 mil-
lion.
QUEEN MOTHER Frederika
also owns a villa in the exclusive
Athens suburb of Psychico valued
at $1 million.
It was in this villa that current

Green rulers say Frederika plan-
ned, along with her son and arm-
ed forces leaders, the abortive
royal countercoup against t he
ruling army junta that led to the
royal family's flight to exile in
Italy in December 1967.
Another huge plot of land own-
ed by the family is Polydendri
in central Greece, near Lamia.
It consists of about 8,800 acres
of oak and beech trees and is
oresently rented to a private
firm. The holdings have been in-
herited from past monarchs. The
royal family was not liable to
Greece's high inheritance taxes.
King Constantine has claimed
that he is not as wealthy as many
Greeks think. He recently said
in Rome that he would encount-
er economic difficulties now that
the Papadopoulos regime has cut
off his $580,000 annual allowance.
HOWEVER, authoritative sourc-
es say the royal family owns real
estate in the United States and
Australia, ships and commercial
enterprises in West Germany.
It also has access to cash in
Swiss banks left by other mem-
bers of the Greek royal family
who once lived in European exile,
the sources said.
The commercial ventures are
,all said to be under the name
of Glucksburg, the family's name.

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