Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-05-08

one representative each OF the I at
ed States. Great Britain. France. It
aiy and Belgium. and n certain cases
Of Japan. Serbia, with all other allied
powers entitled when their claims are
underconSideraIion % the right OF
presentation without voting power.
Il shall permit Germany 10 give ev-
idence regarding her capacity 10 pay
and shall assure her Just opportun-
ity 10 be heard. II shall make its
HEADQUARTERS at Paris. establish It's
own procedure and personnel. have
general control over the whole ~epar-
atoms problem. and becoming the eX-
elusive agency of the allies for re-
ceiving, holding, selling ana disiriD-
uting PREPARATION payments. a ma
jor1ty vote shall prevail except that
unanimity' IS required on questions
involving the sovereignty Of any o!
the allies. the cancellation of al! OF
part of Germany's obligations. the
time and manner of selling. distrb-
uting and negotiation of bonds issued
by Germany. and postpnse-nen1 DE-
teen 1871 and 1926 of annual pay
nents beyond 1880 and any post
ponelnent after 1926 for 4 period OF
more than three years: The appiica-
ton of a different method of Tneasur-
ing damage than N a similar former
case and the interpretation of pro-
visions. Wi1hdraw val from represent
alton is permitted on twelve months
notice.
The commission may require Ger
many to give from time 20 time. by
way of guaranty. issues Of bonds OF
other obligations 70 cover such claims
as are not otherwise satisfied. IN
this connection and on account OF the
total amount of the claims. bond is
sues are presently TO be required OF
Germany in acknowledgment OF It's
debt as follows:
Twenty billion marks gold. PAYABLE
not later than May !. 1921. without
interest: forty billion marks. gold
bearing two and one-half per cent in
terest between 1921 and 1926 and
thereafter FIVE per cent. with one
per cent sinking fund payment be-
a deliver forty billion marks gold
bonds bearing interest az I'VE per cent
under terms TO be dxed by The COM
mission.
Interest On Gernany's debt will be
pe- cent unless otherwise determined
by The commission IN the future, ana
,.yran1s that are not made in soid
may be accepted by the commission IN
the form of properties commodities
businesses. rights. concessions. Ell cet-
era Certificates of beneficial interest
-epresenting either bonds or soous oe-
liyered by Germany may oe issued oE
the commission 20 the Interested power
no power being entitled. however, 10
have its certificates divided into more
than Eve pieces. AS bonds are distTo'
uted and PASS from the control Of the
commission an amount OF Germany
deb, equivalent 10 their par value IS TO
be considered as liQuidated.
SHIPPINGeThe German government
recognizes the right Of the allies 10 the
placement, ton for ton and class 1of
class. Of all merchant ships ana hsnlns
boats lost or damaged owing TO the
war. and agrees 70 cede TO the allies all
German merchant ships of 1910 gross
tons and upwards. one-half Of her ships
between leoo and 100 tons gross and
ore-cuarter Of her steam trawieFs and
other fishing boats. These ships are
10 be delivered within two months TO
the reparation commission. together
with documents of title evidencinG the
transfer of the ships free from encum-
brance.
AS an additional parr Of reparation'
the German government further agrees
&c build merchant ships for the account
O: the allies to the amount of not ex-
ceeding 20, ooo tons gross annually dur
ing the mex. Ave years.
All ships used for inland navigation
taken by Germany from the allies are
tc be restored within two months. the
amount Of loss not covered by such
restitution to be made up by the ces-
sion Of the German river 1eet up to 2
Ter cent. thereof.
In order 70 effect payment by deliver
les in Kind Germany is required. for
limited number of years varying eacn
case, TO deliver coal, coal tar PRODUCTS.
d-estuffs and chemical drugs IN spe-
citic amounts to the PREPARATIONS COM
mission. TIE commission may SO mod
ify the conditions of delivery as not %
interfere unauiy with Germany INDUS
trial requirements The delivery Of coal
Is to be based largely upen the pr1nci-
sIe Of making good diminutions in the
production of the allied countries re-
suiting from the war.
DEVASTATED AREAS-Germany IN
dertakes to devote her economic re-
sources directly to the physical restor-
alton Of the invaded areas The repa-
ration commission is authorized TO re-
quire Germany TO replace the destroyed
articles by the delivery Of animals. ma
cninsry. etc, existing in Germany and
70 manufacture materials required for
reconstruction purposes, all with due
for Germany essential
domestic requirements