Arizona republican., 1919-04-15
ENORMOUSDEbT ASSESSED UPON
 3O-YEAR BASIS
France Gets 5 Per Cent Great Britain 20 to SOU. S.2 to 5-Hundred Billion Marks Equals S23, 1000, ,0OO, 000-Liability Acknowl- edged
Republican A. p. Leased Wirel

PARIS, April 14.-By the Associated Press).-One hundred billion gold marks is the amount Germany must pay the allied and associated govern ments for losses and damage caused in l the war, plus other billions to be de- termined by a special commission, on which Germany is to be represented. This is the final and definite con clusion which has been reduced to writing, after week of negotiations. The payment of the 100, 900, ,000,00 gold marks is to be divided into three dis tinct amounts as follows:
 First, twenty billions within two years; second, forty billions during 90 years, beginning in 1921; third, 40 billions when a commission shall de- termine how it shall be done.
 In view of the fluctuations through which the negotiations have passed, an authoritative statement was obtained today, concerning the final terms Of the settlement. This sums up the con- ditions as follows:
 Is Held Responsible
 Germany is at the outset held gen orally responsible for losses and dam ages in accordance with President Wilson's fourteen points, and the allied response at the time the armistice was concluded. To determine the eX- tent of the payment. under this re- sponsibility, a commission is set up to take testimony, assemble data and ar range all details of the payments from the enemy, and distribution among the allied and associated powers" While the commission will administer the details of the payments, sufficient is known to permit the determination that an initial payment will be required of 20, ,000, 900, 900 gold marks, payable in two years without interest. It has also l been determined that 40 billion gold marks shall be payable in bonds eX- tending over a period of 30 years, be- i ginning 1921, with a sinking fund be- i ginning in 1926.
 l These 40 billion marks draws two i and one half per cent interest from 1921 to 1926, and five per cent interest l after 1926.
 In addition to the foregoing pay ments. Germany also will be required to deliver additional bonds for 40 billion marks when the commission determ- ines that. this shall be done. These l three payments of 20, 40 and 40 billion, bring the total to 100 billion marks.
 Capacity to Pay
 Beyond this total, the commission is empowered to fix anything further that may be required to cover Germanys indebtedness.
 Tn other words" concluded the eminent American authority who framed the terms and furnished the foregoing summary, "a commission is set up with power to collect from Ger many to the utmost of her capacity tc pay, within the limitations of her in- debtedness.'
 It is in the gold mark that all pay ments are expressed in the final terms This excludes depreciated paper marks and fixes the standard of payment 1T 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 100000, ,000, ,00i marks among the associated powerl has not yet been finally decided. but tentative arrangement makes the al lotment of France about 55 per cent o the total; Great Britain's allotment be tween 20 and 30 per cent. and the al lotment of the United States between and per cent.
 The text of the opening clause of tn terms, whereby Germany is held re sponsible, reads substantially as fol lows:
 ''The allied and associated power affirm and Germany admits respon sibility for all losses and damages 0 the allied and associated government and their nationals, from the unjusti liable warfare waged by the enem power against the allied and associate governments
 Then follows q provision for tn commission on payments, and extend ed details of the operations of the com mission.