Evening star., 1921-05-05
Troops Ready to
Aduance Into
RuhrMayl2:
TERMS FOR DEBT
ALSO PREPARED
Proride for Issue OF
Bonds Secured by
the Empire.
Ev the Associated Press.

LONDON. May 5.-The allied uiu-
matum issued to Germany today sum
mons her to reply catesoricailS os
ay,a at the latest whether she Will
,srform her unfulfilled obligations
under the treaty of Nersaiiles' pr
marily as to the payment OF repara-
lions to the allied powers.
should Germany fail to comply 'he
allies give notice that they Will pro-
coed on May IL with the occupation
of the Ruhr valley. "and to undertake
all other military and naval meas
ures.'
The terms for Germany's payment
of her debt to the allies are 10 De
given her by the allied reparations
commission by tomorrow
Preparations to Continue.
Meanwhile the allies. the ultimatum
states. are to continue with all neces-
.ary preliminaries for the occupation
of the Ruhr.
The ultimatum was handed to Dr.
Sthamer, the German ampassduoi III
London. this morning.
Prime Minister Lloyd George and NJ
J.spar Belgian foreign minister.
signed the English and French te4ts
Of the ultimatum first. and were Iol-
lowed by Premier BRAND OF France,
Count Sforza Italian foreign minister.
and Baron Hayashi. Japanese am
bassador to Great Britain.
Immediately after the signing OF the
documents the French and Italian
representatives left for Paris anu
Rome.
L., .. Invited to Take Part.
II was announced this forenoon that
night had
cabied to the American State Depart.
ment q formal invitation to appoint
representatives Of the United states
to the allied supreme council. the
council Of ambassadors ana the adiied
reparations commission.
The protocol to be handed the Ger
man war burdens commission in Paris
by the reparations commission says:
"Germany will perform in the mani
ner laid down in this schedule her
accordance with articles PSI. 232 and
c33 Of the treaty OF Versailles. 1872
00o, zoe 900 gold marks. less (a) the
amount already paid on account OF
reparations. tb) sums which may
from time to time be credited to Ger
many in respect Of state properties
in ceded territory. etc: tc) any sums
received from other enemy or former
enemy powers. in respect to which
the commission may decide credits
should be given to Germany. plus the
amount of the Belgian debt to the al
to be determined later BY the commits
sion"
Provides for Bonds.
The protocol then provides for the
issue OF bonds. as has previously been
outlined, and which shall be secured
on the whole assets of the German
empire and the German states.
ase of
amount of 1900. 100000 gold marks
the protocol says. shall be created
and delivered by July I. 1921. but the
interest of per cent. plus l per
cent for sinking fund. shall be
payable half yearly from May l.
gold marks. shall be issued on No
vember 1. The third series. for s2.-
900, 900 gold marks. shall. not later
than November I, be delivered to the
reparations commission without cou-
pons attached. and will be issued by
the commission as and when, it is
satisfied the payments which Germany
undertakes to make in pursuance of
this agreement are sufficient to pro-
vide for the payment Of interest and
sinking fund shall be used for re-
demption of the bonds by annual
drawings at par.
The bonds will be German govern
ment bonds in such form and such de-
nomination as the reparations commis|
sion shall prescribe for the purpose of
making them marketable, and shall
be free from German taxes and
charges Of every description. present
and future.
Until redemption of the bonds. Ger
many Will be required to pay yearly
c.o0o. 100000 gold marks and 26 per
cent of the value of her exports as
from May l. or. alternatively. an
equivalent amount as fixed.
1T is provided" the protcee: con-
tinues, that when Germany si.as. have
discharged all her obliYltio.s under
this schedule. other than her liability
with respect to outstanding bonds. the
amount payable each year under this
paragraph shall be reduced to the
amount required in that year to meet
the interest and sinking fund on the
bonds outstanding"
Germany is required to pay within
twenty-five days 1.000.000.O00 marks in
gold. approved foreign bills or drafts
at three months on the German treas
ury. indorsed by approved German
banks In London, Paris, New York or
other place designated by the repara-
tions comm ission.
These payments will be treated as
the first two quarterly installments OF
Ahe amounts due on Gernany's liability
to pay 100000 900 marks yearly and
~ per cent of the amount of her ex-
ports.
Com mittee on Guarantee.
Within twenty-five days the repara-
lions commission shall establish a
special subcommission. to be called the
committee on guarantees. to consist
of representatives OF the allied powers
including representative of the
United States in the event of that
government desiring to make an ap-
pointment This committee shall com
prise not more than three repre- :
tives from the nationals of other
powers when il shall appear that a
sufficient portion of the bonds are held
by nationals of such powers as 70
Justify their representation.
This committee will supervise the
application TO the bonds service OF
the funds assigned as security for
payment. such as German maritime
and land customs duties. and in par
ticular all import and export duties
the levy Of 26 per cent on the German
exports and the proceeds of such di.
rect and indirect taxes or any other
funds as may be proposed by the Ger
man government and accepted by the
n,opfipued - pap. Column ~