Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1919-04-25
GERMANY TOPAY.
HUGE IDEMNITY
Initial Payment of 20,000,0O0,-
900 Marks Required in
Two Years.
DO BILLION IN THE NEXT 80.
And Forty Billion More When an Inter-
allied Commission Shall Deter
mine Definitely How 1t
Shall BE Done.
40 BILLION IN THE NEXT 80.

Paris.-One hundred billion gold
marks ($23, ,S00,000,000) is the amount
Germany must pay the allied and asso-
ciated governments for losses and dam
age caused in the var, plus other BILL
lions to b. determined by a special
commission en- which Germany is to be
represented.
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 the 100000, ,OOO,OOO
gold marks is to be divided into three
distinct amounts as follows:
First.-Twenty billions within two
years.
second.-Forty billions during 81
years beginning in 1921.
Third-Forty billions when a com.
mission shall determine how it shall be
done.
In view of the tiuctuG tons through
which the negotiations have passed an
authoritative statement was obtained
concerning the final terms of the set
Elements. This sums up the conditions
as follows:
Germany is at the outset held gen.
orally responsible for losses and dam
ages in accordance with President vii.
sons fourteen points and the allied
response at the time, the armistice was
concluded. TO determine the extent OF
the payment under this responsibility
a commission is sci up to take testi.
mony, assemble data and arrange all
details Of the payment from the enemy
and distribution among the allied and
associated powers.
While the commission will admins
ter the details of the payments, sufli
cient is known TO permit the determl'
nation that an initial payment will be
required of 20OOO.00O,000 gold marks
payable in two years without interest
1t has also been determined that no.
O00,000,O00 gold marks shall be paya'
BILE in bonds extending over perioC
of so years, beginning in 1921, with o
sinking fund beginning in 1926.
These 40,000000,000 marks draw 2k
per cent. interest from 1921 to lS2e
and 5 per cent. interest after 1925.
In addition to the foregoing pay
ments, Germany will also be required
to deliver additional bonds for 10000,
100000 marks, when the commission
determines that this shall be done
These three payments Of twenty, for
ty and forty billions bring the .tcta
to 1O0,0O0,0O00Co gold marks.
Beyond this total the commission is
empowered to fix anything mere rEnT
may be required to cover Gernany'S
Indebtedness.
1t is in, the gold mark that all pGy
mentS are expressed iii the final terms
This excludes deprecated paper marks
and fixes the standard of payment il
gold. The gold mark is worth abou
the same as the English shilling ant
before the war was quoted at -23.S:
American cents
The allotment Of the 100,0GO000,0N
marks among the allied and associated
powers has not yet been finally de
cided, but tentative arrangement
makes the allotment OF France abOu
50 per cent. Of the total, Great Brit
aims allotment between 20 and 80 pei
cent. and the allotment Of the United
States between . and . per cent.