New-York tribune., 1918-09-16
Document No. II
(Reichsbomh', No. 12s7S, Berlin, De-
ccmber eS, 1917

Resolution
OF conference of representatives of
the German commercial banks con-
Nened on proposal of the German
delegation at Pctrograd by the man
agement of the Imperial Bank, to dis
cuss the resolutions of the Rhine
Wcstphalian Industrial Syndicate
and Handelstag.
l. All loans are cancelled. the
bonds of which are in the hands of
German, Austrian, Bulgarian, and
Turkish holders, but payment must
DC realized by the Russian trasury
IN the course of twelve months
term after the conclusion of separate
peace.
2. The purchase is permitted of ell
Russian securities and dividend
bearing paper by the representatives
OF the German banks at the rate of
the day on the open market
3. After the conclusion of scpa-
rate peace, on the expiration of
ninety days, there are reestablished
all the shares Of private railway COM
panjes, metallurgical industries, oil
companies and pharmaceutical works.
The rating of such papers will be
made by the German and Austrian
stock exchanges.
4. There are banished and for five
years from date of signing peace are
not to be allowed English, French
and American capital in the follow
ing industries: Coal, metallurgical,
machine building, oil. chemical and
pharmaceutical.
5. In the question of development
IN Russia of coal, oil and metalurgi-
cal branches of industry there is to
be established supreme advisory
organ consisting of ten Russian spe-
cialists, ten from the German indus
trial organizations and the German
and Austrian banks.
o. The RUSSIAN government must
not interfere in the region of qucs-
tons connected with the transfer 90
the benefit of Germany of two min
ing districts in Poland-Dombrosky
and Olkishky-and to Austria of the
oil region in Galica. The transfer of
the latter will be only in the form of
limitations of the right of making
claims, land allotments and applica-
tlon of capital for the production and
refining Of OIL
Z. Germany and Austria enjoy the
unlimited privilege of sending into
Russia mechanics and qualified work
men.
&. Other foreign mechanics and
workmen during five years after the
conclusion of peace between Russia
and Germany are not to be allowed to
enter at all.
g. The statistical department of
producing and manufacturing indus
tries, with the corresponding govern
ment organ, must be controlled by
German specialists.
10. Private banks in Russia arise
only with the consent and according
to the plan of the Union of German
and Austrian Banks, Whereby the
all exchanges Of the New and Old
World will be handled by the group
OF the DeUtsche Bank
II. az the ports of Petrograd.
Archangel. Odessa, Vladivostok and
Batum will be established, under the
leadership of specialists from Ger
many, special statistical economic
committees.
As regards the tariff, railway and
shipping rate policies to regulate the
Russo -German-Austrian trade rcla-
tons, this part of the economical
treaty will be discussed by the spe
clal Tariff Council of the Handel
stag. chairman Won Grenncr; Secre-
tary Berenbluet.
Note-The penned Endorsement on
the photographed copy of the resolu-
ton "Chairman of the Central Execu-
tive CommltteeCom Menshinskv
requests that this resolution should be
taken under advisement, and to pre-
pare the ground in the Soviet of tho
Workmen's and Soldiers Deputies, in
case the Council of Peoples Commits
sars Will not accede to these requests.
Secretary r. Raskin." Menshinsky is
Minister of Finance. All of these
ierms, wholly punitive to American,
English and French capital, could lurl
IN n the secret section in the present
u Hefman- Russian treaty. do not know
'hc rate OF the resolution on this, its
early winter appearance.
nave besides the notated photograph
a printed copy of this circular.