Evening star. [volume] (Washington, D.C.) 1854-1972, 1921-01-31

the Treaty of Versailles" The note
reads:
article I. For the purpose of sat-
isfying the obligations imposed upon
her by articles 231 and 232 of the
treaty of Versailles. Germany shall.
irrespective of the restitution she is
to make under article 23S and of any
otner obligation under the treaty,
pay:
Il. Fixed annuities payable half
yearly in equal parts. as follows: (a)
Two annuities of 1900, 100000 gold
marks from May 1, 1921, to Nav !.
1928: CD three annuities of 3.0oO.-
100000 gold marks from May 1, 1923.
to May l, 1926; (c) three annuities Of
1000. 100000 gold marks from May i,
nuities Of 5000 900 'd gol thre MARKS aRs
from May 1. 1929, to May 1, 1892; (e)
thirty-one annuities Of 5000, 000. 900
gold marks from May 1, 1892. to May
'.2. Forty-one annuities running
from May l. 1921 equal in amount to
IL per cent ad valorem of German
exports, payable in gold two months
after the close of each half year.
In order to insure complete full
nllment Of paragraph above, Ger
many will give to the reparation
commission every facility for verify
Ing the amount Of the German ex.
ports and for the establishment Of
the supervision necessary for this
purpose.
Germany to Transmit Eetes.
article T.. The German governments
will transmit forthwith to the repa.
payable a the dates specified in
arrangement The amount Of these
notes shall be equivalent to each of
the half-yearly sums payable under
Instructions shall be given to the
reparatfon commission with a view
to facilitating realization by the
powers which so demand the share
to be attributed to then. in accord
ence with the agreements in force
article 3. Germany shall be at
liberty at any time to make pay
ments in advance on account OF the
liked portion Of the sum owing.
advance payments shah be ap-
annuities provided for in the first
paragraph of article /. For this pur-
pose annuities shall be discounted at
the rate Of per cent until May /,
1923; 6 per cent from May 1. 1929,
to t. M 1ssy. l. 1925; 5 per cent from May
ARTICLE 4. Germany shall not di-
rectly embark on any credit opera
ton outside her own territory with
out the approval Of the reparations
commission. This provision applies
to the government of the German
empire. to the governments Of Ger
man states, to the German provincial
and municipal authorities and to any
companies or undertakings under
control of said governments or au-
thorities.
Assets and Revenues.
ARTICLE SIN pursuance OF article
24s Of the treaty Of Versailles, al
the assets and revenues of the en-
pire and Of the German states shall
be applicable to insure complete iiqui-
dation by Germany Of the provisions
of the present arrangement.
The proceeds of the German mari
time and land customs, including In
particular the proceeds Of all inn
tax subsidiary thereto, shall consd-
tute special security for the execu-
tfon of tho present agreement.
NO modification which might di-
nfnish the proceeds Of tho customs
shall be made IN the German customs
Of the reparations commission. AL
German customs receipts shall be en-.
cashed on behalf of the German gov
Hnment by a receiver general OF
6erman customs appointed by thu
German government with tho ap'
prevail OF the reparations commission
In Case of Default.
TN case Germany shah make de-
fault in any payment provided for IL
the present arrangement
"G) All or part of the proceeds OF
the German customs in the hands OF
the receiver general Of German Gus.
toms may be attached by the reparn'
tfons commission and applied IN meet.
ing the obligations in respect Of
which Germany has defaulted- II
such ease the reparations commission
may, II II thinks necessary, itsel
undertake the administration and re-
ceipt of the customs duties.
"(2) The reparations commission
also may formally invite tho German
government to proceed to such in
creases of duties or to take sucf
steps for the purpose of increasing
it's resources as the comm ission ma