Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-10-07
GERMANY AND
FRANCE 4 \ ] COME
TO AGREEMENT
Pact Insures Reparations
Payments to France by
Germans.

Paris. Oct. France is insured
reparation payments and Germany is
given m cans to avoid possible bank
ruptcy through the agreement signed
yesterday at Wiesbaden by Louis
Loucheur. French minister Of liberat-
ed regions. and DR.. Walter Rathenau.
German minister of reconstruction.
The agreement is regarded here as
OF extreme Importance. and will per
NIT Germapy to pay the equivalent
Of seven billion gold marks in the
next five years. First reports indicat-
ed the agreement would run but
three years. but it is found upon ex-
animation Of the pact that it does not
expire before May ], a2s,,
Text is Published.
The text of an annex to the agree
ment was published here today. It
reads:
Germany engages to deliver TO
France upon her demand all macf1in-
cry and materials which would be
compatible with the possibilities Of
production in Germany and subject
to her limitations as to supplies OF
raw materials Such deliveries will hn
in accord with the requirements nee
essary for Germany to maintain her
social and economic life. This agree
ment shall date from, Oct. l. 1921.
I'm any case the present contract
excludes the products it is specified
Germany must turn over to the allies
in annexes 3. 5 and 6. part VIII Of
the treaty OF Versailles. The cumula-
tive value of the payments in kind
which Germany will supply France il
execution Of annexes 3. and 6. as
we'll as deliveries Germany makes to
France under the present contract.
will not exceed seven billion gold
marks from October 1, 1921, to May
1, 1926.
1T is expressly stipulated that all
deliveries shall be devoted to- the re-
construction of devastated regions fpS
northern France
Gives Important Features ssss
Although the text OF the agreexne1st
was only partially made public AL
unofficial summary gives sogae of 1fTs
3important hatures.at French hJxvHfs
may negotiate irectlF with a Ger3na
producer as4tot the n ount of de5itS
cries and the prices to he paid
vided he4is. able. taseamet4 4nr tsrxss
I'll Sf1erfscFmHus:rsbutSt agreement Enal 81
tenpla tes that transactions VIII sbs
ranged 4betwsen orgAni:ationG cfeahA
by the French and German Eaynsns
ments. II these respective org&ax3
tions should be unable to reach an
agreement respecting deliveries. rriGz
es. transportation and acceptancesadSs
cision az to disputed points will be
left to a com mmission of three. This
commission would be made up of one
Frenchma1 one German and a third
person chosen by common accord, or
appointed by the president OF the
Swiss confederation. It will fix the
price list every three months. and
the list will correspond to normal
prices in the interior Of France, less
customs duties and TRANSFORMATION
charges.
aa. Exchange Not Mentioned.
The semi-official summary does not
deal with the question exchange.
Four supplementary agreements. dealt
ing with deliveries Of cattle, machin-
cry. coal and rolling stock. drafted by
experts to cover details and technical
points, were signed this morning bS
M. Loucheur and DR.. Rathenau. TM-
credits to be made on the hooks oY
the reparations comm ission are sub
ject. says the summary. to three iim-
itaions. as follows:
t'1--Only IS pc: cent of the value
of the merchandise tif the deliveries
reach one billion gold narks) or -
per cent if tha total amour: Of presen-
taticns do not reach enc billion
marks. will be credited.
with more than one billion god
marks to May 1. 1886.
''3-Gernlary will never be credit ed
with sum superior to Frances share
in the yearly reparations.
The agreement will be submitted to
the French parliament early in the
coming session.