The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1921-05-06
TEXT OF GERMAN
NOTE TO u. S.
Is SENT FOR TRANSMITS
SION TO THE ALLIED
NATIONS
TO SETTLE WITH so BILLIONS
To Give Proof Of Faith Germany Is
Prepared to Immediately Place
at Disposal Of the Commits
sion S25O,o0O, 900.

1-Germany fixed her total liabil-
ity at $12,5OO, 100000 gold payable in
suitable annuities to total $5O,OOO,-
100000 gold.
2-Germany viii Immediately issue
an international loan in which she
will participate, and of which the
value, rate of interest and scale of
redemption shall be subject to agree
ment, the proceeds of the loan to be
put at the disposal of the allies.
3-Germany will pay, according to
her capacity, in labor interest and
redemption. the total sum to be paid
which is not covered by the interna-
tional loan; she considers in this con-
nection that It will be possible to pay
only per cent annual interest.
] 4-Germany is disposed to permit
the allies to share In an improvement
of her financial and economic situa-
tion. The redemption of the remain
ing sums will have to take, therefore,
variable form, depending upon inn
provement. 1t would be necessary to
draw up scheme to be based on an
index to be used, should the situation
become worse.
Sin order to clear herself as
quickly as possible of all her strength
in the reconstruction of the devas-
tated regions; she regards recon
struction as the most urgent basis OF
reparations and the most direct renl-
edy Tor mitigating the hardships OF
aha vvaY and bofrad hafuaar xoo,,Ioe
She will reconstruct towns, villages
end townships designated, or coop
crate by supplying labor and ma
terial, or in any other way agreeable
to the allies.
with the same object in view,
Germany is disposed to pay in kind
TO states which were victims of the
war, in addition to reconstruction, ac-
,cording to scheme as far as pos
sible purely commercial.
Tin order to give undeniable
proof Of her good faith, Germany is
prepared Immediately to place at the
disposal Of the reparation cOmr,is.
sion $250,O00,00O, comprising $37,5OO,-
600 in gold and silver in foreign ex-
change and $212.500,0OO gold and
treasury notes, redeemable within
three months in foreign exchange or
foreign securities.
Sin the event the United States
and the allies so desire, Germany is
willing according to the extent of
her ability and capacity to assume the
allied obligations to the United |
States.
9-Germany proposes to negotiate,
with the assistance of experts, as to
the way In which German deliveries |
for reparations win be reckoned, as
against the total of Germany's debt.
particularly respecting the way in
which the price value will be fixed.
10-As security for the credits ac-
corded her, Germany is willing to |
pledge public revenues and proper
ties, in a manner to be determined be-
tween the contracting parties.
11-With the acceptance OF these
proposals, Germany's other repara-
tions and obligations will be annulled
and all German private property in
foreign countries will be released.
12-Germany declares the present
proposals only capable of being car
ried out if the system of penalties is
discontinued forthwith and she is
freed from all unproductive outlays
now imposed on her and that she be
given freedom of trade.