The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1919-05-29


capiy recognizes the full authority of mi
commission, agrees to supply If with al
the necessary information and to mas,
LEGISLATION to effectuate its findings 81,
1urther agrees to restore to the alIia,
casn ana certain articles which can b.
ioenuiled az an immediate step toward.
RESTORATION. Germany shall nav lur;tbI r.
two years Ell, 600, 600 900 sterling in aitha,
goid, goods. ships other specific forms
OF payment. This sum being included in
ana not additional to the first CT 900 600
ooo pond issue referred to below. with the
Understanding that certain expenses. such
! as tnose OF the armies of occupation and
"a Hiehs lor 1000 and raw materials,
may be deducted at the discretion OF the
allies. ''-~
IN periodically estimating Germany's
capaclty TO pay, the restoration commits
! sion shall examine the German system
OF taxation, to the end that the sums for
reparation Which Germany is required to
pay snal become charge upon all her
revenues, prior to that for the service or
discharge of any domestic loan, and sec
ondly, so as to satisfy itself that in gem
eral the German scheme OF taxation is
1ully as heavy proportionately as that of
any of the powers represented on the
commission.
Allies May Act Upon German Default.
The measures which the allied and as
SOSidtCu POWcTS snail nave the right to
take, in case of voluntary default by Ger
many and which Germany agrees not to
regard as acts OF war, may include econ
omic and financial prohibitions and re-
prlsals and In general such other meas
ures as the respective governments may
determine to be necessary in the circum-
stances
The commission shall consist OF one
representative each Of the United States,
Great Britain, France, Italy and Belgium
representative of Serbia or Japan TAX
ing the place of the Belgian representa-
tive when the interests of either country
are particularly affected, with all other
allied powers entitled, when their terms
are under considerations to the right of
representation without voting power. 1t
shall permit Germany to give evidence
regarding her capacity to pay and shall
insure just opportunity to be heard.
1t shall make its headquarters at Paris;
establish its own procedure and person.
mel, have general control of the whole
reparation problem, and become the ex-
elusive agency of the allies for receiving,
holding, selling and distributing repara-
ton payments.
from Commission Permitted.
Withdrawal from representation on the
commission is permitted upon IL months
notice. The commission may require Ger
many to give from time to time by way
Of guarantee issues of bonds or other
to cover such claims as are
not satisfied In this connection, and on
account of the total amount of claims.
bond issues are presently to be required
If Germany in acknowledgment of it's ,
1ebt, as follows:
One thousand million pounds sterling,
payable not later than May 1, 1921, with
'ut interest; f2,000,000,000 bearing 21s
DER cent interest between 1921 and 1926, !
md fhprpaftpr Wi q 1
cent sinking fund, payment beginning in !
1926, and an undertaking to deliver bonds
o an additional amount of $4,000, 600, 600 |
'earing interest at S per cent.
Under terms to be fixed by the COM
mission, interest on Germanys debt will
e 8 per cent, unless otherwise deter
mined by the commission in the future,
nd payments that are not made in gold
nay be accepted by the commission in
he form of properties commodities, bus
nesses, rights, concessions, etc. Certifi-
ates of beneficial interest representing
ither bonds or goods delivered by Ger
lany may be issued by the commission
D the interested powers. AS bonds are
attributed and pass from the control of
ne commission an amount of Germany's
ebt equivalent to their par value is to
e considered as liquidated.
Shipping.
The German government recognizes the
gnt OF the dllleS TO the replacement, |
IN for ton and class for class, of all
amaged owing to the war, and agrees |
cede to the allies all German merchant |
lips of 1900 tons gross and upward, one |
alf of her ships between 1900 and 1000
ms gross and one-quarter of her steam |
awlers and other fishing boats These
lips are to be delivered within two
onths to the reparation commission, to-
ether with documents of title evidencing J
lie transfer of the ships free from incum- {
'ance. Il
AS an additional part of PREPARATION the {
erman government further agrees to {
lid merchant ships for the account of 1
e allies to the amount of not exceeding /
0, 900 tons gross annually during the I
xt five years r
Devastated Areas.
undertakes to devote her r
onomic resources directly to the physi-
l restoration of the invaded areas. The
paration commission is authorized to
quire Germany to replace the destroyed | q
ticles by the delivery of animals, ma | t
inery, etc, existing in Germany and to | c
materials required for re- u
purposes with due consider, n
ion for Germany's essential domestic d
1uirenents. | O
Private Property. q
Germany shall restore or pay for all y
lVate enemy property seized or dam ! n
ed by her, the amount of damages to ! q
fixed by the mixed arbitral tribunal c.
lie allied and associated states may Ii II
idate German private property within c
cir territories as compensation for prop a.
" of their nationals not restored or paid C;
by Germany for debts owed to their;
tionals by German nationals and for
Ter claims against Germany. Germany II
to compensate these nationals for such W
ses and to deliver within six months tc
documents relating to property held OF
its nationals in allied and associated IL
ties. All war legislation as to enemy es
,perty rights and interests is confirmed S.
all claims by Germany against the m
ed or associated governments for acts tt
der exceptional measures abandoned. tr
international Labor Organization. ia
1embers of the league of nations agree al
establish a permanent organization to ri
mote international adjustment of Ia al
conditions, to consist of an annual in al
labor conference and an in
labor office. q
he former is composed of four rep SC
entatives of each state, two from the G.
and one each from the en- he
yers and the employed-each Of them 81
y vote individually. 1t will be de- m
erative legislative body, it's measures ca
ing the form of draft conventions tn
concentrations for legislation, which if g.
,sed by two-thirds vote, must be sub r
tied to the law-making authority in ju
Try state participating. Each govern VI
mt may either enact the terms into
7; approve the principle, but modify
d.. Ioox fho oafr. a ixrs