Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-04-27
GERMANY MAKES
PUBLIC TEXT Of
REPLY To j. s.
Proposes to Pay Allies 200
Billion Gold Marks. the
Equivalent to About $500
000,000,000

Berlin, April 26 Cby The Asso-
ciatcd Press The German peo-
pie now know the new proposals
which the German government
submits to the allied powers
through the medium of the United
States. The terms of the proposals
were made public today, as we'll
as the accompanying assurances
forwarded TO President HErding
Germany declaring that the
peace and welfare of the world
are dependent upon a speedy and
just solution of the Preparations
question, assures the presid ent that
il will do everything in its power
to enable the American govern
mcnt to direct the attention of the
allied governments to the matter
Offers to Cooperate.
As previously outlined, Germany
proposes to pay the allies an in
demnity extending over a number
of years, which will amount to
two hundred billion gold marks,
equivalent to about $50, 100000.
She will cooperate to the ut
most in the reconstruction of de-
Vastated regions; she will place
Immediately at the disposal of the
Preparations commission one billion
gold marks; she is willing to as
sumo the allied obligations to the
United States and she will issue
an international loan, the proceeds
of which will go to the allies, but,
in return, she makes the condition
that the present system of penal
. 81 10, iytNt ni i
atcly that she be given freedom of
trade and that she be freed from
all unproductive OUTLAWS now i'm
posed on her.
Explains Proposal.
Foreign Minister Sinons, ex-
planning the counter proposals in
the reichstag, declared that the
new offer sent through the United
States must not be taken ION the
basis of an increase over the pre-
vious German offer, but only on
different basis"
The new step had been taken
by Germany, the minister explain
ed, not from fear of new penal
ties but owing entirely to the false
views entertained abroad regard
ing the Preparations question. Pres
idcnt Harding was appealed to on
the principle of justice and the
American answer was awaited at
any moment.
Text of the Note.
The text of the note forwarded
by Germany to the United States
for transmission TO the allies con-
cludes with the following points:
One-Germany fixes her total
liability at fifty billion gold marks
payable in suitable annuities to
total 200, 900 100000 gold marks.
Two--Germany will immediate
ly issue an international loan in
which she will participate, and Of
which the value, rate of interest
and scale of redemption shall be
subjct to agreement, the proceeds
of the loan to be put at the dispo-
sal of the allies.
Four Per Cent Interest.
Three-Germany will pay, ac-
cording to her capacity, in labor,
interest and redemption, the total
sum to be paid which is not COW
cred by the international loan; She
considers in this connection that
it will be possible to pay only four
por cent annual interest.
Four-Germany is disposed toI
permit the allies to share in an inn
provement of her financial and
economic situation. The redemp-
ton OF the remaining sums will
have to take, therefore, a variable
form, depending upon an improve
ment. 1t would be necessary toI
draw up scheme to be based on
an index to be used should the
situation become worse.
To Aid In Reconstruction.
Five-In order to clear herself |
as quickly as possible of the bal |
ance, Germany is willing to CO..
operate with all her strength in |
the reconstruction of the devas-
tated regions; she regards recon-
struction as the most urgent basis
of Preparations and the most direct |
remedy for mitigating the hard
ships of the war and the hatred |
between peoples. She will recon-
struct towns, villages and town
ships designated or cooperate by
labor and material, or in |
any other way agreeable to the al
lies.
Six-With the same object in
view Germany is disposed to pay
in kind to states which were vic-i
tins of the war, in addition to re-
construction, according to a scheme
as far as possible purely CONNER
cial.