The Washington herald., 1921-05-04

LONDON. May 3.-Germany's re-
fussl to submit to the reparations
terms laid down first at Versailles
and subsequently by the conferences
OF BRUSSELS, Spa, Paris and London.
VIII cost her approximately l.eoO.-
100000 gold marks a year
Under the terms Of the supreme
councils final demand upon Berlin,
details OF which were officially con-
hrmed today, the annuities which
were set at Paris at sizes O0a. 600
gold marks, are raised TO 6.I25. .OOO,-
GOO gold marks.
Demands I'm UItimatum.
The outstanding demands upon
the German nation in the ultimatum
which was scheduled to go forward
immediately. are as follows:
J. Germany must pay annually the
sum OF loO.0eo.oOo pounds. spproxi-
mateIy 2.OOO, 600. 900 marks. Mus Is
per cent Of the value Of her total
exports for the year, estimated Al
4,25o.OOo.oeo gold marks more.
?. The reparations commission ar
bitrarily fixes the value Of German
exports at 1900. OoO. 600 gold marks
annually. basing this figure upon
the 1918 export total Of 10000 nnn.-
900. and pointing out that with the
present lower market value Of gold
the present export total would reach
e.ooo.Ooo.ooo. From this latter sum.
however, is deducted 2. .0On 600 Onn 10
account for the reduction in German
territory.
Provides for Belgium.
,. An additional 10000. 900 pounds
Is added to the total reparations de-
manded because Of Belgium's in
creased requirements. making the
total sum now asked $3.50. 600 600
pounds or l35,ooo.oeo.o 600 gold
marks.
Z. One per cent is added to the
export assessment Of 25 per cent.
which it is intended TO apply as in
terest on the bonds Germany Is re-
.Quired to issue.
5. Germany is asked to float a
bond issue totaling GOO Ooo. 600
pounds Immediately. a second issue
Of 100000. 900 pounds in Novem-
her. and the remaining t.25O. OOO. .ONN
pounds as soon as the export index
shows her capable OF paying the in
terest thereon.
Calls ReParations Committee.
For FIVE hours today the Supreme
Council debSted the reparations
terms. Throughout the night the
committee 10 draft the ultimstum
was to work on the text, in order 10
be ready TO present il TO the repar-
ations commission tomorrow. The
commission was hurriedIy sum-
moned TO London from Paris. and Is
due TO arrive at IL o'clock tomorrow
morning.
Technically. the matter is within
the jurisdiction of the reparatlons
commission, and. therefore. the nj
timatum will be sent TO Berlin in
its name. rather than in the name
Of the Supreme Council.
The allied premiers meet wednes-
day afternoon to put the finishing
touches on the document. The
ultimatum will be dispatched
Thursday. and Germany will be per-
mitted six days in which TO make
her reply.
Penalties Due Friday, ISth.
II the terms are not accepted. the
sanction" which Is the ofsrisI
term for the military penalties. will
be put into effect on May ls-"FrI-
day the thirteenth"
IL is pointed out that the inter
est on the bonds Germany must is
sue by December will alone amount
10 tl5O.eoo.OOO. The only sinking
fund provided is an additional one
per cent on the bonds. which WIFI
make the total interest to be maid
by Germany per cent annually
The penalties will begin with the
occupation OF the Ruhr district. ana
end with the blockade of German
ports.
IL is reported that just prior 20
adjournment Of the Supreme coun-
ell conference. Premier BRAND in
troduced resolution suggesting
that Americans be given seats on
all existing allied commissions