Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-08
TERMS OF TREATY HANDED
TEUTON DELEGATES STRIPS
HUN NATION OF MiLlTARlSM

te) Damages TO property other than
na ~, %, or military m ii1iia hv ,o,rw
CD Damage In tho form of levies
or fines imposed by the enemy.
Germany Binds Self.
Germany further binds herself to
repay all sums borrowed by Belgium
from her allies as result OF Ger.
up TO November ii. 1915. and for this
purpose Will issue at once and hand
over 10 the reparation commission 5
per cent gold bonds falling due in 1926
The total obligations of Germany to
pay as defined in the category of dam
ages is 10 be determined and notified
later than May !. 1921. by an inter-
allied reparation commission.
al the same time schedule OF
payments TO discharge the obligation
within thirty years shall he presented
These payments are subject to post
nomemcnt in certain CONTINGENCIES
Germany irrerocably recognizes the full
authority Of this commission. agrees
TO supply it with all the necessary in
formation and TO pass legislation to
cfcctuatc it's findings She further
agrees to restore TO the allies cash
ana certain articles which can be idcn-
tlnod. As an immediate step towards
, resi- Ge man shall pay within
Ing II either gold. goods. ships or other
specinc forms of payment. This sum
being included in and not additional
W 'l' - isv'Nt t''.uUu Dond issue referred
10 below, with the understanding that
certain expenses. such as those OF the
armies OF occupation and payments for
food and raw materials. may be de-
quoted at the discretion Of the allies.
In periodically estimating Ger
manys capacity TO pay. the rcpara-
ton commission shall examine the
German system OF taxation to the
end that the sums for PREPARATION
which Germany Is required TO pay
snail become charge upon all her
vice or discharge OF any domestic
loan. and secondly. as to satisfy itself
that in general the German scheme OF
taxation IS fully as heavy proportion
alely as that OF any Of the powers
represented on the commission.
The measures which the allied and
associated powers shall have the right
20 take. In case of voluntary default
agrees not TO regard as acts of war
may include economic and financial pro-
hibi,ions and reprsals and in general
such other measures as the respective
governments may determine TO be
necessary in the circumstances"
Powers Represented.
states; Great Britain. France. Italy
s .q bs,siqm represfn'aliiye Of Of
the Belgian representatives when the
interests Of either country are partic-
ularly affected with all other allied
under consideration to the right of rep
respiration without voting power. l.
regarding her capacity TO pay and shall
assur> Just opportunity 20 he heard.
II shall make It's headquarters at
Paris; establish its own procedure and
personnel, have general control OF the
whole reparation problem and become
tho exclusive agency of the allies for
receiving. holding. selling and dis
trihutinK PREPARATION payments. Major
i'y vote shsll prevail. except that
n ~ f,ta C,g fN.,. In
Nolvnr the sovereignty OF any OF the
allies. the cancellation OF all or part
manner OF selling. distributing and ne
gotiat!nc bonds ISSUED by Germany.
any. nostponcment between 1921 and
1926 OF annual payments between 1921
and 1928 and DISAPPOINTMENT after 1923
OF more than Three years upon the APP
plica,ion OF different method OF
Interpretation Of provision.
Withdrawal Permitted.
Withdrawals from representation on
the commission is permitted upon
sion may require Germany 10 give from
time TO Time by way OF guarantee, is.
sues OF bonds or other obligations 10
cover such claims as are not otherwise
satisfied. In this connection and on
account OF tho total amount of claims.
bond Issues arc presently 10 be re-
CURED OF Germany in acknowledgment
Of It's debt 40 follows:
One thousand million pounds ster-
ling, payable not later than May /.
1921, without Interest,"; two thousand
million pounds sterling bearing = -
per cent interest between 1921 and
1926, and thereafter per cent. with Il
J per cent sinking fund payment be-
ginning In 1925. and an undertaking
10 deliver bonds TO an additional
amount of Two thousand million
pounds sterling bearing interest AT )
Under terms to be fixed by the
1S@mhmlsS,i,on interest on Germany.s
wise determined by the commission in
the future. and payments that are not
made in gold may be accepted in the
commission in the form OF properties.
commodities. businesses. rights, con-
cessions. etc. Certificates OF beneficial
interest representing either bonds or
goods, delivered by Germany may be
issued by the commission TO the In
terested powers. AS bonds are dis.
the commission an amount OF Ger
mhny's debt equivalent 10 their par
value is to be considered as liquidated.
Must Pny Ton for Ton.
shppnE-The German government
the replacement, ton for ton and class
for class, Of all merchant ships and
for class. Of all merchant ships and fish,
var, and agrees TO cede 10 the allies
all German merchant ships Of 100
her ships between 1000 and 1000
tons gross and one quarter of her steam
trawlcrs and other fishing boats. These
ships arc 10 be delivered within two
months to the rcparation commission,
together with documents of title evil
dencng the transfer OF the ships free
from encumbranCe.
As an additional part of reparation
the German government further
agrees to build merchant ships for the
account Of the allies TO the amount or
not exceeding 100000 gross tons an
nuany during the next five years. Al.
ships used for inland navigation takeu
GERMANY q g
restored within two months, the
amount OF loss not covered by such
restitution TO be made up by the ces.
SOU of the German river feet up C
- Tcr cent thereof"
Devastated Arcas--Ciermany under
takes 10 devote her economic resources
directly TO the physical restoration OF
the invaded areas. The reparation
commission is authorized to require
Germany to replace the destroyed ar
ticles b ythc delivery OF mammals ma
chincrN. etc. existing in (;erm,n, nrL