Evening star., 1919-05-08

Ing and not later than May /. 1921.
by an interallied reparation commits
sion.
AT the same time a schedule OF
payments to discharge the obligation
within thirty years shall be presented
These payments are subject to post
ponement IN certain contingencies.
Germany irrevocably recognizes the
full authority of this commission.
agrees to supply it with all the neces-
sary Information and to pass legis
lation to efectuate its findings She
further agrees to restore to the allies
cash and certain articles which can
be identified. As an immediate step
towards restoration Germany shall
Pay within two years one thousand
million pounds sterling In either gold.
goods. ships or other specific forms of
payment. This sum being included in
and not additional to first thousand
million bond issue referred to below.
with the understanding that certain
expenses. such as those of the armies
of occupation and payments for food
and raw materials. may be deducted
at the discretion Of the allies.
I'm periodically estimating Ger
many'S capacity TO pay. the reparation
commission shall examine the German
system of taxation. TO the end that the
sums of reparat ton which Germany Is
required to pay shall become a charge
upon all her revenues. prior to that
for the service or discharge or any
domestic loan. and. secondly. as Ia
satisfy itself that in general the Ger
man scheme of taxation Is fully as
heavy proportionally as that or any
| of the powers represented on the COM
mission.
The measures which the allied and
| associated powers shall have the right
/ to take in case of voluntary de1ault
| by Germany. and which GermahN
! agrees not to regard as acts OF VA;
may include economic ana nnahc1ai
prohibitions and reprisals. ana, IN seH-
eraI such other measures as the re
spectiye governments may determine 10
| be necessary in the circumstances
The commission shall consist or one
representative each of the Uniteu
| States, Great Britain, France, ltaiy
and Belgium, representative ol .h.
| bia or Japan taking the place OF the
Belgian representative when the inter
esrs of either country are particularly
affected. with all other allied po~sis
| entitled when their claims are under
consideration to the right of repre-
sentation without voting power III
shall permit Germany to give evidence
regarding her capacity TO pay. anu
| shall assure a just opportunity 70 oe
| heard.
"It shall make its headquarters at
Paris: establish its own pfoceouiS
neTSOnnel,
| of the whole reparation problem. anu
hecome the exclusive agency or the al
| lies for receiving. holding. selling anu
distributing reparatlon payments. VI"
iority vote shall prevail except NC
unanimity is required on questiohs IN
volving the sovereignty or any Oh .ne
a Ilies. the cancellation of all or part
| of Germanys obligations. the time
| and manner of selling. distrlputine
and negotiating bonds issued py uei
many any postponement pet"e cen
and 1926 of annual. payments oeS ,oae
| 1880 and any postponemeht ai.ei
| for a period Of more than three years
of the applicatio of a different meth-
cd of measuring damage than IN "
similar form or case, ana lhe ih'e
probation of provisions
| withdrawal from representation On
| the commission is permitted upoh
twelve months notice. The commission
I may require Germany to give from
time to time by way of guarantee, Is
sues of bonds or other Obligations I"
cover such claims as are not other
| wise satisfied. In this connection anu
on account of the total amount oi
claims bond issues are presently 10
| be required of Germany in acNho"i-
edrement of it's debt, as follows:
zone thousand million pounds sterl-
ing payable not later than May !,
1881 without interest: two thousand
millions pounds sterling bearing
per cent interest between l9-i any
1926 and thereafter per cen, ant m
/ per cent sinking fund paFmeht
beginning in 1926 and an undertak,
ing to deliver bonds to an add1tlonai
amount of two thousand ml.iioi
pounds sterling bearing interest," a.
5 per cent. ea hv tho
commission interest on Germanys
debt will be per cent. unless otnei
wise determined by the commission
in the future, and payments that
not made in gold may be accep'e1
by the commission in the IorIn oi
properties, commooities' Cer.;fcares
rights. concessions. etc oertinc;
of beneficial interest represeheils
ei+bar honds or goods delivered ps
Germany, may be issued py the coi
mission to the interested powers. S
bonds are distributed and pass IRON,
the control OF the con,lhS mn, en,,iva-
amount of Germanys dept equio
lent to their par value IS TO De coh-
sidered as liquidated.
.shinning.-The German government
recognizes the right of the allies W
the replacement, ton Tor toI'' 81
class for class. OF al meIenanr sauaged
ard fishing boats lost or oath
owing to the war and agrees 10 ceu
to the allies all German Hercha,l'
ships of 1900 tons gross anu up" enc
one-half of her ships between -
and 1000 tons gross and one az
of her steam trawlers ana o.ne he de-
ING boats These ships are 10 pe
l;vered within two months TO the tt, rept
arotion commission, togetheF WIZ
docmments of title evidenclnG lhe
transfer of the ships from iheuih
brance. - anara
tion' the German government Iur'n
.grees to build merchant ships 1or 'he
account of the allies to the amount VI
not exceeding 100000 tons gross N
nuallv during the next hve years. A.
sbins used for inland navigation Ia ahsn
by Germany from the allies are 10 ~
restored within two months .he
amount of loss not covered by such
restitution to be made up oy the
cession of the German river meet up
to 20 per cent thereof.
Devastated Areas.-Germany un-
dertakes to devote her economic re-
sources directly to the physical resto-
ration of the invaded areas. The repa-
ration commission is authorized TO re-
ouire Germany to replace the Destroy
ed articles by the delivery or animaIs'
machinery. etc, existing III German!
and to manufacture materials requlr-
ed for construction purposes with due
consideration for Germany's essential
domestic requirements
Coal. etc-Germany is to deliver
annually for ten years to France
coal equivalent to the difference be
tween annual pre-war output or Nord
and Pas de Calais mines and annual
production during said ten years.
Germany further gives options over
ten years for delivery of seven mil
lion tons of coal per year to France
in addition to the above. of eight
million tons to Belgium and OF an
amount rising from four and half
million tons in 1919 to 1920 to eight
i'm QC2 to