The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-06

Terms OF Ultimatun.
London. May : tRy the Associated
Press The allied ultimatum issued 10
Germany to-day sum"mns her 20 reply
catcEorically by May u at the latest
whether she will perform her unfulfiilcd
obligations under Tie treaty OF YER
saillcs. primarily as To the payment or
raparations to the allied powers.
Should Germany fail To comply. the
allies given notice that they will proceed
on May - with the occupation of he
Ruhr Valley. and to undertake all other
military and naval mca assures"
Tho terms for Grrmany's payment
OF her debt 20 The allies arc 70 be given
her by the allied reparations commits
sion by tomorrow.
Meanwhile. the allies, the ultimatum
states, are to continue with all neces-
sary preliminaries for the occupation
Of the Ruhr.
The ultimatum was handed to Dr.
S,hamer. the German ambassador in
London. this morning.
The Protocol
The protocol /" l." handel the German
war burdens commission IN Paris to-
night by the rcparations commissions
says:
Germany will perform in the manner
laid down in this schedule her obliga-
lions to pay the total fixed in accord
ance with articles 23l. 232 and o33. Of
the treaty Of Versailles. 1872 1000, 900, nOO.-
600 gold marks. less ta) the amount al
ready paid on account of separations:
(h) sums which may from time TO time
be credited to Germany In respect or
state properties in coded territory, ctcet-
era. (C) any sum received from other
enemy or former enemy powers In re-
spect to which the commission may
decide credits should be given to Ger
many, plus the amount of the belgian
debt to the allies. tho amounts or thes"
reductions to DO determined later by the
commission"
The protocol then provides FOR the
issue of bonds. as has previously been
outlined and which shall be secured on
tho whole assets of the German empire
and the German states.
Deliver First Bonds July l.
The first series Of bonds for the
amount Of 1000, 100000 gold marks
the protocol says shall be printed and
delivered by July !. 1921. but the inter
est Of five per cent plus one per cent
for a sinking fund shall be payable half
yearly from May l.
The second series for SS0n0 100000,
gold marks shall be issued on November
/. The third series for %".0oOVOo'oOV
gold marks shall. not later than N"vcm-
Der /, be delivered to the reparatlonS
commission without coupons attachcd
and will be issued by the commission
as and when. il is satisfied the pay
mrnts which Germany undertakes 10
make in pursuance of this agreement
are sufficient to provide for the payment
Of interest and the sinking iund on such
bonds. The sinking fund shall be- used
for redemption OF the ponuS u! annual
drawings at par.
The bonds will be German government
hc.rer bonds in such form and such de-
nomination as the rcparatlOn commlS-
sion shall prescribe for the purpoS" or
making them marketable and shall be free
from German taxes ana cG en- fii,Sro u
every description. present ana futurc'
The Payment Plan
Until redemption OF the bonds Ger
many will be required To pay yearly
two billion marks and 70 per cent; or
or, al,crnativcly. an equivalent
amount az fixed in aCCordanr" with any
other index proposed by Germany ana
accepted by the rcparationS commits
Sioner.
ut Is provided" the protocol con-
tinue> that when Germany shall have
diScha rgcd all her obligations under tins
schedule, other :han her liability with
respect to outstanding bonds. the
amount payable each year under TINS
paragraph shall hc reduced to. the
amour, required in that year To meet
the interest and sinking fund on the
bonds outstanding.
Germany is required to pay within
o5 days. one billion marks in gold. APP
proved foreign bills or drafts at thr""
months on the German treasury, cndnrS-
cd by approved German banks in Lon