Pine Bluff daily graphic., 1919-04-15
GERMANY MUST l. PAY 1 HUNDRED BILLION MARKS
This Sum Due Allies For
 War Losses.
|c COMMISSION WILL NAME OTHER DEBTS
|Tinal Conclusion Has Been Set Down In Writing In The Peace Treaty.

Paris, April 14.-(By The Associat- . ed Press). One hundred billion gold marks is the amount Germany must hay the allied and associated govern knents for losses and damage caused |in the war, plus other billions to be determined by a special commission on which Germany is to be repre- sented
 This is the final and definite con cusion which has been reduced to writing after weeks of negotiation which took a wide range and involved Frequent changes and notifications. The payment of the 100,000,00 ,000 gold marks is to be divided into three distinct amounts as follows: First twenty billions within two years Second- Forty billions during thirty years beginning in 1921. Third Forty billions when commission bhall determine how it shall be done
 Must Pay Soon.
 Paris, April 14.-Germany, under the peace treaty must pay $5,00O, ,000,- poo in cash or the equivalent in com modities before May 1, 1921. She must also issue immediately to the allied and associated governments $2O, ,O00,C00,000 of interest bearing bonds.
 The interest on the honds until 1926 will be either two or three per rent and after that date will be five Der cent, according to the present plan.
 The bonds will be payable in in etallments during a period of 15 years They probably will be kept 'n the control of central commits sion of the allied and associated gov ernments so that they shall not be marketed in quantities sufficient to break the price.
 The exact amount of the bond is- sue will be determined later accord ing to the kind of money in which u must be paid. If the money is marks. the sum will be larger than S2OpOOOOO, ,OOO at the rate of exchange before the war, but that is the general nominal sum. These two sums-$5,- Wo,OOO,OO0 cash and $20,0O0 OOO, ,OO0 in Oonds-are not all that Germany will nave to pay. They are the minimum
 Germany also must obligate her. self to pay other amounts for. dam age done, appropriate to her means, 10 De determined by a mixed commits slon or representatives of the allied ana associated govermments and of Germany, which shall report before May 1, 1921.
 State Final Terms.
 Tn view of the fluctuations through whlch the negotiations have passed, an authoritative statement was is- sued today concerning the final terms OI tne settlements. This sums up he condltions as follows:
 Iermany is at the outset held gen. srally responsible for losses and samages in accordance with Presi- uent Wilson's fourteen points and 'ne aiiled response at the time the armlstlce was concluded. To deter ana ,.ne !, the extent of the payment un- aer thls responsibility, commissioon set to take testimony, assemble uata' and arrange all details of the payments payments from the enemy and distri-
 
 .s tuslon among the allied and associa- "nlle the commission will admins t;a: tsa the details of the payments, suf r%,en! IS known to permit the deter hh.,hatlon, ha that an initial payment will required of twenty billion gold ;ntas, ;ntlks, payable in two years without th0a hh.erest. It has also been determined s..a1 forty billion gold marks shall ne, payable in bonds extending over a pep10d 1ep, of of thirty years, beginning in ;n oNt joov wlth sinking fund beginning tva n0ese est forty billion marks draw fron, ana ,oo, one half percent interest ;ntan9 rtln l92l to 1926 and five percent msnt. am aadltlon to the foregoing pay to td.s ds,:. uermany also will be required b;,,;oea, S;e,lver additional bonds for forty data.nr dUn marks when the commission
 e'''lnes that this shall be done.