Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-04-26

II. II q + . .
Germany, adds the note. would
welcome any suggestions from the
American government ., for further
fssegatAatinns sor: foy% changes In the
present proposals. +. "a !
sWith the Accept ptance Of these pro-
posalssf says the German note, Ger
Ehany's other reparations and obnga-
tons will be annulled and all Ger
smansprivate property in foreign coun-
tries released"
fAs evidence of her good faith. says
the note, Germany is prepared imme-
diately Ito place at the disposal of the
.reparations commission l150.000,000
marks in gold. silver and foreign ex-
change and $50, 100000 gold marks
in treasury notes, redeemable within
three months in foreign exchange or.
foreign securities.
Made Public. Fl
The nate to the Washington gov
ernment, embodying the German pro-
posals, was made public here this aft
ernOOn.
Binding Decision.
Germany" continues the note,
takes upon herself the obligation to
recognize as binding the. decisions of
an international commission of ex-
perts on her capacities
''If it is believed by the American
government that another form Of pro-
posals would make the matter easier
to handle. the German government
asks that it be notified Of the points
on which notifications appears de-
sirable to the American government"
The German government also
would welcome any suggestion from
the American government. The Ger
vfnced that the peace and we'll being
Of the world are dependent upon q
speedy moderate and just solution
of the reparations problam not to do
everything possible so that the United
States shall be in a position to pre-
sent the matter to the allied govern
l1ments." d: II
They also suggest an international
loan, to be floated Immediately, the
sum not being fixed, for the purpose
Of placing ready cash at the entente's
disposal! ss M ~
Willingness to pledge her customs
revenues fas guarantees Is expressed
by Germany. together with an offer
| to deliver manufactured articles to
the allies, with the understanding she
credits upon her Indemnity.
In addition Germany offers imme-
date participation In the work Of re-
storing the devastated areas, she to
supply labor and materials, which
would be credited against her indem-
nifty. B N u ,%ssG
Amount to Innease.
{. The value Of the German offer Of
5e,00o,o00,oops marks. With payment
extended over period Of, years. is
placed at 10000. 900. 900 marks by
compiling the interest, compounded
annually. Intthei reverse process 1t is
compted that 200, ,oOo, ,00o, 900 marks.
payable in ann,nties over similar
period would be worth at the present
time, with the interest discounted,
SO, 100000, 900 marks. i.5s s.;5
To check the German figures it OBJ
viously would be necessary to know
the amount Of the annuities and the
ratetof interest, and these are lack
int. .sf IS; t5 ) il
z Plan Penalties.
Paris. April 26: tBy the ASCOT
ated Press The possibility Of ap-
plying penalties to Germany iInmedi-
ateiy after Nay i. despite whatever
propositions Germany may make re-
i isarding reparation In general, Is be-
well informed French circles today.
Such action would be because of the
German refusal to transfer one BILL
lion gold marks to the Rhineland or
hand over the equivalent of that sum
rs demanded BY the. reperations CONS
mission. Il III 5 ~ ~ is ", X. u e
It is held in French omrial circles
that failure OF the Germans TO pay the;
balance Of the 20 900, zoe, 100 N, xold
marks due May 1 under the provisions
i.of Article 236 of the treaty az Yer.
lsailles is entirely ind pendent Of the
ffsort,nijed Un n. " q