Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-05-08

future, and payments that are no,
made in gold may "be accepted by
the commission in the form of prop
critics, commodities, businesses,
rights, concessions, etc" Certifi-
Gates of beneficial interest, repre-
senting either bonds or goods de-
livered by Germany, may be issued
by the commission to the interested
power, no power being entitled,
however, to have its certificates di-
vided into more than FIVE pieces
AS bonds are distributed and pass
from the control of the commission,
an amount Of Germany's debt equiv
alent to their par value is to be con-
sidered as liquidated.
Shipping to Be Replaced.
Shipping: The German govern
ment recognizes the right of the al
lies to the replacement, ton for ton,
and class for class, of all merchant
ships and fishing boats lest or dam
aged owing to the war. and agrees
to cede to the allies all German mer-
chant ships of 1000 tons gross and
upwards; one-half of her ships be-
tween 1000 and 1000 tons gross,
and one-quarter of her steam trawf-
ers and other fishing boats. These
ships are to be delivered within two
months to the reparation commit
tee, together with documents of IT,
tie evidencing the transfer of the
ships free from encumbrance.
"As an additional part of repara-
tion," the German government fur
ther agrees to build merchant ships
for the account of the allies to the
amount of not exceeding 100000
tons gross annually. during the next
five years. All ships used for in
land navigation taken by Germany
from the allies are to be restored
within two months, the amount of
loss not covered by such restitu-
ton to be made up by the cession
of the German river feet up to 20
per cent thereof.
In order to effect payment by de-
liveries in kind Germany is required
for limited number of years, vary
ing in the case of each. to deliver
coal, coal tar products, dyestuff and
chemical drugs in specific amounts
to the reparations commission. The
commission may so modify the con-
ditions of delivery so as not to in
terfere unduly with Germany's in
dustrial requirements. The. deliveries
of coal are based largely upon the
principle of making good dimuni-
tons in the production of the allied
countries resulting from the war.
To Restore Invaded Areas.
Devastated areas: Germany un-
dertakes to devote her economic re-
sources directly to the physical res
toration of the invaded areas. The
PREPARATION commission is authorized
to require Germany to replace the
destroyed articles by the delivery
Of animals, machinery, etc, existing
in Germany, and to manufacture ma
terials required for reconstruction
purposes; all with due consideration
for Germany's essential domestic re-
quirements.
Germany is to restore within six
months the Koran of the Caliph
Gilman, formerly at Medina, to the
king of the Hedjaz, and the skull of
the Sultan Okwawa, formerly in
German East Africa, to his Bri-
fannie majesty's government. The
German government is also to re-
store to the French government GER
tain papers taken by the German
authorities in 1870, belonging then
to M. Reuher, and to restore the
French flags taken during the war
of 1870 and 1871.
Share Pre-War Debt.
Finance: Powers to which Ger
man territory is coded will aassume
a certain portion of the German pre-
war debt, the amount to be fixed
by the reparations commission on
the basis of the ratio between the
revenue and of the coded territory,
and Germany's total revenues for
the three years preceding the war.
In view, however, of the special cir
cumstances under which Alsace-
Lorraine was separated from France
in 1871, when Germany refused to
accept any part of the French pub
lie debt, France will not assume any
part of Germany's pre-war debt
there. nor will Poland share in GER
tain German debts incurred for the
oppression of Poland.
If the value of the German public
property in coded territory exceeds
the amount of debt assumed. the
states to which property ceded to give
credit on reparation for the excess,
with the exception of Alsace-Lor
raine. Mandatory powers will not
assume any German debts or give
any credit for German government
property. Germany renounces all
right of representation on, or con-
troll of, state banks. commission, or
other similar international financial
and economic organizations.
Germany is required to pay the
total cost of the armies Of occupa
ton from the date of the armistice
as long as they are maintained in
German territory, this cost to be a
first charge on her resources. The
cost of reparation is the next charge,
after making such provisions for
payments for imports as the allies
may deem necessary.
Germany is to deliver to the al
lied and associated powers all sums
deposited in Germany by Turkey |
ansrSunsENrS