The Washington herald., 1921-01-29
One-eighth of Exports
And Cash Annuity to
Be Taken.
PREMIERS PASS
ON PLAN TODAY
Satisfied" Says BRAND.
Impossible" View
Of Teutons.
BY c. y. BERTELLL
Special Cable DispGteh 70
The wEIhinFtou Herald.

epeciAl Came DaHpAtch 70
The wEShington Herald.
PARIS. Jan. 2S.-Germany's war
debt to the allies was today fixed By
/ the committee Of experts for the
Supreme Council at $4,000. .oOO. 600.
This amount viii be paid over a
period Of probably thirty years in
sliding annuities varying from
$500, 100000 to SI.5OO.OOO. 600.
In addition to these annual pay
ments. the allies will exact IzE Der
cent Of the total figure Of German
exports annually, which will bring
! the total indemnities up 70 the
amazing sum Of S6O,OoO.O 900. 900.
Decision Referred 60 Premierx.
The decision was arrived at late
tonight and was at once commu-
Dicsted TO the allied premiers. They
will take UP the subject tomorrow
and conference circles are expect
ing tentative approval Of the plan
at conference which will be held
with the Germans, probably in
/ March.
Diplomats in Paris tonight vhus
| applaudtng the decision as an in
dication that the allies are in unan-
unity, nevertheless believe that the
scheme iE impracticable unless GER
many obtains a huge loan from
America in order 10 save her from
financial determination.
BRAND says He Ia sstisted.
! Premier BRAND Of France ia quot
ed as having told the Paris corr
respondent Of Exchange Telegraph
that he is perfectly satisfied with
the agreement OF luneranitias which
has been reached By the allied er-
perts."
Absolutely impossible. unaccspt-
able and inspplicsble." was the posi-
tive declaration Of the German dele
cation here when informed by me-
OF the terms agreed upon by the
allies for the payment Of the war in
demuity.
Although some progress was
made by lowering the first annuitief
10 S5OO.oOO,oOO. Germany will posi-
lively be unable TO comply with
theCe demands unless Upper Silesis
Is returned together with q good
part Of the merchant marine.
AL Of the German pr6perty Sc.
questered abroad would have to be
returned and the cost Of maintain
hnE the army Of occupation would
have to be strictly limited
Will Fight for Exports.
Concerning the l2Iz per cent ta1
on exports. Germany will absolutely
decline to have any Interference
with her own industry. trade. inter-
t.nal administration and budget Ths
| Versailles treaty does not provide
for the taxation OF exports There
fore. although the allies may agree
among themselves. they will be up-
able to apply it without negotiating
with Germany
As matter Of fact, Germany il
the soundest financial proposition
in the world today. This is realized
by the bankers OF the United States
and South America, who have incl-
Gated that they will discount our
treasury notes at per cent pro-
vided the demands or tho allies do
not drive Germany into bankrurt~v,
The same group OF bankers
? which refused Us help six months
? ago will take up approximately
/ Fl.0oo.o0O.oOO. provided the Suprem.
Council does not take all OF Ger
many's surplus cash preventing us
-
Without raw materials from IN.
United States with which to manu-
fscture goods we cannot pay TIA
allies.
Germany has oniciaHy suEresteS
to the allies that one-haIf Of ths
indemnity be paid in labor. She bA.
offered TO rebuild the cities a
Rheims, Arras. YPres and Verdut
within ten years.
This plan was accepted by ths
British but was turned down 81
France on the theory that IL woulf
keep thousands OF Frenchmen ou
Of work.
The German delegates when CON
suited at the future conferencs
which, II is understood will HkeiJ
be held in March, will suggest ths
above methods. II the allies do not
accept one OF them, and insist upor
/ an absurdly high indemnity, Ger
: many will be bankrupt and will drsf
= the remainder OF Europe after her.