Watauga Democrat. [volume] (Boone, Watauga County, N.C.) 1888-current, 1919-05-22

form Of Ievies or fines imposed ny the
enemy.
In periodically estimating Germany's
mission shall examine the German sys-
TEN of taxation. first to the end that
the sums for reparation which Ger
many Is required to pay shall become
a charge upon all her revenues prior
to that for the service or discharge Of
any domestic loan, and, secondly. SO as
to satisfy Itself that in general the
German scheme of taxation Is fully as
heavy proportionately as that Of any
OF the powers represented on the COM
mission.
The commission may require Germany
to give from time to time, by way OF
guaranty. issues of bonds or other obliga-
tions to cover such claims as are not
otherwise satisfied. In this connection
and on account Of the total amount OF
claims, bond issues 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 In
teScst; forty billion marks, gold. bearing
2h per cent interest between 1921 and
1926 and thereafter per cent, with
per cent sinking fund payment begin
ming in 1926; and an undertaking to de-
liver forty billion marks gold bonds bear
ing interest at per cent under terms to
be fixed by the commission.
recognizes the right OF the allies to the
replacement, ton for ton and class for
class, Of all merchant ships and fishing
boats lost or damaged owing to the war,
man merchant ships of 1900 tons gross
and upward; one-half of her ships between
1000 and 1000 tons gross and one-quarter
OF her steam trawlers and other fishing
within two months to the reparation
committee. together with documents OF
title evidencing the transfer OF the ships
free from encumbrance.
As an additional part Of ,reparation,
the German government further agrees
10 build merchant ships for the account
OF the allies to the amount Of not ex
ceeding 100000 tons gross annually dur.
ing the next five years All ships used
for inland navigation taken by Germany
from the allies are to be restored within
two months the amount of loss not COW
cred by such restitution to be made up
by the cesson of the German river fleet
up to 20 per cent thereof.
In order to effect payment by deliv-
cries in kind, Germany Is required, for a
| limited number Of years varying In the
case of each. to deliver coal. coal tar
products, dyestuffs and chemical drugs In
| specific amounts to the reparations COM
| mission. The commission may so modi-
| fy the conditions of delivery as not to
| interfere unduly with Germany's indus
| trial requirements. The deliveries of coal
are DdScu ldTSely upon the principle OF
| making good dmlnutions In the produc-
ton Of the allied countries resulting from
| the war.
DEVASTATED AREAs.-Germany un-
| dertakes to devote her economic re-
sources directly. to the physical restora-
ton of the invaded areas. The reparation
commission is authorized to require Ger
many to replace the destroyed articles by
the delivery of animals, machinery. etc.
existing In Germany, and to manufacture
materials required for reconstruction pur-
poses; all with due consideration for Ger
many's essential domestic requirements
| Germany Is to restore within six months
the Koran Of the Caliph Othman, former
| ly at Medina, to the king of Hedjaz and
the skull Of the Sultan Okwawa, formerly
In GArms:i East Africa. to his Brltarnlc
majestys government. The German GOV.
srnment Is also to restore to the French
government certain papers taken by thA