The sun., 1919-04-15
$5,OOO,OOO,OOO
DUEIN 2 YEARS
Germany Gsts 30 Years to Pay
$1O,OOO,OOO,OOO More, and
Remainder Later.
ISSUE OF BONDS PLANNED
Commission to Decide Terms
of Last Instalment and Fix
Other Damages.

PARIS, April 14.-One hundred bill.
ion gold marks approximately S25,.
000, 100000 under the normal rate OF
exchange) is the amount Germany
must pay the allied and associated
governments for losses and dana ge
caused in the war, plus other billions
to be determined by special commits.
sion on which Germany is to be rep.
resented.
This Is the final and definite con.
clusion, which has been reduced to
writing after weeks Of negotiation
which took wide range and involved
frequent changes and notifications
The payment Of 10000, ,OOO, 600 gold
marks ($25, ,O0O, 900, ,OOO) is to be d.
vided into three distinct amounts az
follows:
First - Twenty billion marks
(s5.00O.OOO,O0O) within two years
without interest.
Second - Forty billion marks
t$10,OOO,OOO.OOO) during thirty
years. beginning In 1921. with a
sinking fund beginning in 1925.
This fund will draw interest nt the
rate of 2A per cent. from 1927 TO
1925 and s per cent. after 1925.
Third Forty billion marks
100000, ,0OO. O.00O) when commits
sion shall determine how 1t shall
be done. ".
These three payments OF twenty
forty and forty billions bring the tota
to 100, 900. 100000 gold marks.
Beyond this total the commission 4
empowered to AK anything furthe'
that may be required to cover Ger
many's indebtedness.
VIII Collect to Utmost.
I'm other words" concluded the EN-.
inent American authority who framet
the terms and furnished the foregoing
summary. "a commission Is set uI
with power to collect from German,
to the utmost OF her capacity 60 pay
within the limitation Of her indebted
ness"
1t is in the gold mark that all pay
ments are expressed In the nnal terms
This excludes deprecated paper mark
and fixes the standard OF payment II
gold. The gold mark Is worth about IN,
same as the English shilling. and pefor,
the war was quoted at casa American
cents.
The allotment OF the 100, 900. zoe, 90,
marks among the allied and associate,
Powers has not yet been finally decided
but tentative arrangement makes tn,
allotment OF France about IS per cent
of the total; Great Britain's allotmen
between 20 and 30 per cent, and th,
allotment Of the United States between
2 and per cent.
The text OF the opening clause of tn,
terms whereby Germany is held gener
ally responsible reads Substantially a.
follows:
The allied and associated Powers
affirm and Germany admits RESPONSE
bility for all losses and damages OF
the allied and associated Govern
ments and their nationals from the
unJustifiable warfare waged by the
enemy Power against the allied and
associated Governments"
Then follows a provision for the Com
mission on Payments and extended de
tails of the operations of the commission
Authoritative Statement.
In view Of the fluctuations throuR
which the negotiations have passed, Al
authoritative statement was obtaine
to-day concerning the final terms of tn
settlements. This sums up the condi
tions as follows:
Germany Is Mt the outset held gen.
orally responsible for losses and dam
ages in accordance with the Presi-
dents fourteen points. and the allied
response at the time the armistice
was concluded. To determine tho ex-
tent of the payment under this re-
sponsibiiity a commission is set up to
take testimony, assemble data and
arrange all details OF the payments
from the enemy and distribution
among the allied and associated Pow
ers.
In some quarters It Is asserted tha
Premier Lloyd George of Englant
alarmed at the defeat OF the Coalitio
candidate in the by-election In Centrs
Hull last week. is responsible for tn
change. The Echo de Paris says tn
British Premier advocated the revamp
ing OF the reparation plan.