The New York herald., 1921-04-29


Copyright. 1891 by THE NEW YORK HEBALD
New York Herald Bureau,
Paris, April 2s.
The Reparatlon Commissions figure
Of 1872. 900, 100000 marks gold as Ger
many's debt 70 the Allies, II paid OH
under the scheme the general details
of which win be handed TO the Ger
man delegation here tomorrow. IS less
than the amount France and England
asked Germany to pay under the
Paris accord. This interesting fact de-
veloped to-day in a conversation which
THE NEW York HERALD correspondent
had with Reparation Commission Of
ficials
The 1872, 600, 900 000 marks gold would.
under the commissions plan. be eche-
loned over thirty years. with interest
during the first five years 2i2 per
cent and during the remaining twen-
ty-five years at per cent. This, ac-
cording TO the commissions calcula-
tions, allowing for gradual amortiza-
ton, would make Germany's total pay
ment 270 900 900, 900 marks gold, In
stead OF 296, 900, ,000,000 marks gold as
called for in the Paris accord, if the
estimated return from the IL per
cent. export tax on German goods is
included n the Paris total.
French Contention Upset.
Another interesting development to-
day was in the commissions ruling up
setting completely the French contention
that Germany must pay the balance OF
20 900. 900, 900 marks gold under the
treaty OF Versailles before May l. on
the contrary, Germany will have COM
piled with the treaty as was indicated
in THE New YORK RERAI4D's Paris des-
patch last Tuesday, II she merely gives
new bonds for the unpaid balance, Dut
bearing interest at the rate or 2la per
cent. until maturity. five years hence.
whereafter they may be again replaced
BY an issue bearing per cent, as pro-
vlded for in paragraph u. Section Of
Annex IT, OF the reparatIon chapter Of
the peace treaty This the commission
will call on Germany 10 carry out imme-
diately after May i.
These decisions by the Reparation
Commission can easily have an I'M
portant influence on the allied confer
ence which is 70 be held in London Sat
urday. the commission having gone
ahead more or less Independently and
framed a scheme which the Allies can
accept or not. but which. Including the
total figure arrived at ~ based. the
commissions experts SAY, on a most
careful investigation and on constant
consultation with the Germans This Is
,t,a+ fxst, aV.ig.
A point stressed TO THE NEW YORK
HERALD correspondent here by officials Of
the commission was that both the total
amount of the bill and the plan OF pay
ment OF IL were based on the commissions 3
fnal Judgment Of Germanys capacity TO
pay as a result Of this Investigation and
collaboration with the Germans them
selves. II II not, therefore, as had been
assumed merely theoretical estimate
or damages and pensions eccasioned by
the Germans. but Il really represents
these damages scaled down 70 Germanys
capacity 20 pay. on the same theory as
the Paris accord.
The commissions figures, which were
announced last night, are known TO have
caused great disappointment TO the
French and corresponding satisfaction 10
the German delegation here, which only
last week expected the commissions total
to be 100. 600. 90 10000 marks gold.
The difference between the commits
sion's total and the actual value OF the
Paris accord Is explained by the varia-
ton between thirty and forty-two years.
over which the payments would be
stretched.
Points OF Decision.
Other points OF the commissions de-
cision have not vet been published, but II
was learned to-day that they are
I. The commissions bill represents n
general total and not an equal scaling
down Of the claims presented a month
ago by tho different nations.
.. That the bill is based. In so far as
the most important reparatlon work Is
concerned on the gold value OF the
mark being established equivalent to
Alb marks for two francs in paper
money.
.. Polands damages are not included
in the bill
4. All possible deductions for materials
delivered and proportions chargeable to
territories formerly In the German EN-
pire have been made.
g. The bill is calculated with tho idea
that Il would be useless and dangerous
10 stir up international comment by
suggesting any sum beyond Gcrmany's
capacity to pay.
S. Assuming that this plan IL carried
out. Germany's annual payments will be
collected and divided by the commission
on the basis OF the Spa agreement. but
the London conference viii decide the
division OF the els per cent. assigned to
tha Ieaaar allies