The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-02-02
TERMS STATED
TO GERMANY
Conditions of Reparations Pay
ment Set Forth in Note
ANSWER REQUIRED
WITHOUT DELAY
Allies United in Purpose to
Make Germany Pay For War
Damages


ullics last night by which the rep
0ration and disarmament decisions OF
the allies will be conveyed to Ger
many. was delivered today to Charles
Hersmann. German under secretary
OF state for the treasury and head
Of the German delegation in Paris,
with q letter Of cransmittal marked
confidential" The letter, with two
notes on reparations and disarma-
ment. totals $500 words.
The letter of transmittal, which is
dated January 2S. reads:
Sir: The allied conference which
met in Paris from the cath to, the
Goth of January, 1921, has taken the
following decisions:
u. AS regards the disarmament
Of Germany, the allied governments
have approved the conclusions for
mulated in the note attached hereto
"2. AS regards the question OF
repaiatiOns the allied governments
have unanimously approved the pro-
posals formulated i'm that document
also attached hereto.
The allied governments have no
former occasions and again today,
I'm consenting to fresh delays i'm the
matter OF disarmament. had due re-
gard to the difficulties that surround
the German government in the execu-
ton of the obligations which have
rcsuEed from the treaty of Ver-
sailles They have formed the hope
mat the German government will
not place the allies, who confirm their
previous decisions under the neces-
sity of envisaging the grave situa-
tion which will be created if Ger
many persists in failing to meet her
obligations.
Qualified delegates of the German
government will be invited to "A
meeting I'm London at the end of
February with delegates Of the al
lied governments" .------
The reparations note bears the
title. can Agreement. Between the
Allied Powers for the Settlement of
Certain Questions Relating to Exccu-
tion of the Treaty Of Versailles"
The note reads:
"Ardcle I.-For the purpose Of
satisfying the obligations imposed
upon her by Articles 231 and 232 OF
the treaty of Versailles Germany
shall Irrespective of the restitution
she is to make under Article 23S and
of any other obligation under the
treaty. pay:
"1--Fixcd annuitics payable half
yearly in equal parts as follows: (aD
two annuiticS Of 2,0O0.0OO,0OO gold
marks from May /. 1921, to May /
1923; tb) three annuitics Of 5000.
100000 gold marks from May /.
l92". to May |. 1926: (c) three an
nui,ics Of 1000, 900, 900 gold marks
from May !, 1926. to May /, 1929:
tdb three annuitfcs Of 5000 900. 900
gold marks from May /. 1929 to May
l. 1882 (c) thirty-onc aunuitics Of
6.OOO.0O0,O00 gold marks from May
|, 1882, to May I, 1868.
~. FOrty-onc annuitics running
from May |, 1921, equal In amount to
~ per cent. al valorcm of German
exports, payable i'm gold two months
alter the close of each half year.
''In order to insure complete full
ll'lucnt of Paragraph above. Ger
many viii give to the rCparation com
mission every facility FOR verifying
he amount Of the German exports
ana for the establishment of the su-
pcrVision necessary FOR this purpose.
Article 2. The German govern
mcnt will transmit forthwith to the
rcparations commission notes to
bearer. payable ut the da'es specified
IN Article !, Paragraph /. Of the
present arrangement The amount Of
these notes shpll be- equivalent TO
each of the half yearly sums pay
able under said paragraph.
instructions shall he given TO the
separation commission with a view
~ Facilitating realization by the
powers which SO demand. the share
To he attributed To them in accord
ancc with the agreements i'm force
between them.
Article 8. Germany shall be at
liberty at any time to make nav
mems in advance on account of The
iiNcd portion of the suInmoning.
Advance payments shall be an
piled i'm the reduction in the fixed
annuiiics provided for in the first
paragraph of Article /. For this p,lr-
pose auuuitics shall he discounted
Mt the rate of per cent. until May.
1928; per cent. from May /. 1928, to
May /, l92i; . per cent. from May l..
1925.
"ArtiClc 4. Germany shall not di-
rcctly embark ON any credit opera
tion outside her own territory with
out the approval Of the rcparationS
commission. This provision applies
tn the government of the German en-
pirc, to the governments Of German
states. to the German provincial and
municipal authorities and to any
companies on undertakings under
control of said governments or au-
thuritIcS.
Article =. In pursuance of Article
2lN OF the treaty of Versailles all the
assets and revenues Of the empire
and of the German states shall hc
applicable to insure complete execu-
ltion by Germany OF the provisions of