El Paso herald. (El Paso, Tex.) 1901-1931, 1919-05-08

secondly so as TO satisfy itself that
lin general the German scheme Of tax
alton is fully as heavy proportion
ately as that Of any OF the powers
represented on the commission
The measures which the allied and
associated powers shall have the
right to take, in case Of voluntary
default by Germany and which Ger
many agrees not 20 regard as acts Of
war, may include ecolOmic and 1iuam-
cial prohibitions and reprisals and in
/ general such other measures as the
{ respective governments may deter
mine to be necessary In the circum-
] stances.
The commission shall consist Of
one representative each Of the United
E States. Great Britain, France. italy
and Belgium, a representative OF Ser
via or Japan taking the place OF the
Z Belgian representative when the in
terests Of either country are particu-
I larry affected with all other allied
I powers entitled when their claims are
Z under consideration. to the right OF
D representation without voting power.
! IL shall permit Germany TO give evil
{ dence regarding her capacity TO pay
and shall assure a just opportunity
Headquarters at Paris.
! 1T shall make its headquarters at
Z Paris establish its own procedure and
Z personnel have general control OF the
] whole reparatiOn problem, and be-
I come the exclusive agency Of the
I allies ~for receiving, holding, selling
] and distributing reparation payments
! Majority vote shall prevail except that
unanimity is required on questions in
volving the sovereignty OF any OF the
| allies the cancellation Of all or part
| Of Germany's obligations, the time
and manner OF selling distributing
] and negotiating bonds issued by Ger
many, any posrponement between 1871
Z and 1928 nF animal wfTTmnmrg nnWnnn
1880 and any postponement after 1873
I for a period Of more than three years
7 OF the application OF a different meth
I cd Of measuring damage than in
similar form or case and the inter
I probation Of provisions
Withdrawal from representation
on the commission is permitted upon
10 months notice. The commission
may require Germany TO give from
time to time by way Of guarantee, is
sues Of bonds or other obligations 70
cover such claims as are not other
wise satisfied In this connection and
on account OF the total amount of
claims. bond issues are presently to
be required Of Germany in acknoWl-
edgement Of its debt as follows
Bond Issues Required.
One thousand million pounds ster-
ling payable not later than Nay l.
1921 without interest; two thousand
million pounds sterling bearing 21s
percent interest between 1921 and
1875 ana thereafter percent with a
1 percent sinking fund payment be-
shining in 1925 and an undertaking
70 deliver bonds to an additional
amount OF two thousand million
pounds sterling bearing interest at 5
percent
Under terms to be fixed by the
commission. interest on Germany s
debt viii be 8 percent, unless other
wise determined by the commission
in the future, and payments that are
not made in gold may be accepted by
the commission in the form OF prop
critics. commodities. businesses. rights.
concessions, etc Certificates Of
beneficial interest, representing either
bonds or goods delivered by Germany
may be issued by the commission 10
the interested powers. As bonds are
distributed and pass from the control
Of the commission an amount OF Ger
many's debt equivalent TO their par
value is TO be considered as -HQui-
dated.
Must Replace ships
Shipping The German government
recognizes the right Of the allies to
the replacement, ton for ton and class
for class, Of all merchant ships and
fishing boats lost or damaged owing
to the war. and agrees TO cede 10
the allies all German merchant ships
Of 1900 tons gross and upwards. one
half OF her ships between 1900 and
1000 tons gross and one-quarter OF
her steam traWlers and other fishing
boats These ships are 10 be deliv-
cred within two months 10 the repa-
ration commission, together with doc I
uments Of title evidencing the trans
fer Of the ships free from encum- I
brance-
As an additional part OF repara- I
ton the German government further
agrees to build merchant ships for the
account Of the allies 10 the amount I
Of not exceeding 100000 tons gross an ]
nually during the next uVe years /
All ships used for inland navigation /
taken by Germany from the allies I
are 10 be restored within two months, I
the amount Of loss not covered by ]
such restitution to be made up by I
the cession of the German river fleet ]
up 10 20 percent thereof
Restore Invaded Areas.
Devastated areas; Germany IN
dertakes TO devote her economic re- I
sources directly to the physical res
toration Of the invaded areas The I
reparation commission Is authorized 7
to require Germany to replace the
destroyed articles py the delivery Of
animals, machinery, ETC. existing IN I
Germany and TO manufacture mate /
rails required for reconstruction pur- .
poses with due consideration for Ger
many's essential domestic require +
ments-
annually for ten years TO France coal 4
equivalent to the difference between +
annual preWar output Of Nord and
Pas De Calais mines and annual pro- I
duction during above 10 years Ger I
many further gives options over 10 ]
years for delivery for 100000 tons
coal ner year to France in addition
TO the above. of 5000, 900 tons TO Bel !
gium and OF an amount rising from /
800. geo in 1919 TO 1920 10 S,5Oo.000 I
tens in 1928 to 1924 to Italy at prices +
to be fixed as prescribed in the treaty I
Coke may be taken in place Of coal /
in ratio Of three tons to four. Pro .
vision IS also made for delivery to /
France over three years Of benzol, /
coal ear and sulphate Of ammonia i
The commission has powers TO post I
rome or anuul the above deliveries /
should they interfere unduly with in
dustrial requirements Of Germany
Option on Dyestuffs.
"Dvestuffs and chemical drugs Ger
many accOrds option to the commits
including quinine, up to so percent Of
the total stock in Germany at the
time the treaty comes in force ana
similar options during each SIX
months to end Of 1924 up to p per
cent OF previous six months output
Gables: Germany renounces an
title to specified cables. value OF sucu
as were privately owned being cred
tied 20 her against reparation IN
..sreciaI provisions: As reparation
for the destruction Of the library Of
Louvain. Germany is to hand over
manuscripts. carry printed poohs'
prints. etc. TO be equivalent TO those
DESTROYED In addition TO the above