Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1921-10-13
NEW PACT TERMS
ARE PUBLISHED
Latest Treaty on Reparations
Is Made Public.
GERMANY GIVEN A CHANCE
Government at Berlin Agrees to Pay
Seven Billions in Gold Marks to
France Within Five Years
Up to Parliament.

Paris, Oct. S.-France is insured
reparationS payments and Germany Is
given means to avoid possible bank
ruptcy through the agreement signed
at Wiesbaden by Louis LOucheur,
French minister of liberated regions,
and DR.. Walter Rathenau, German
minister of reconstruction.
The agreement is regarded here as
Of extreme Importance, and will per-
NIT Germany to pay the equivalent of
7,OOO,O00,00O gold marks in the next
five years. First reports indicated the
agreement would run but three years,
but it is found, upon examination Of
the pact, that it does not expire be-
fore May 1. 1926.
Publish Text of Pact.
The text of an annex to the agree
ment was published here. 1t reads:
Germany engages to deliver to
France upon her demand all machinery
and materials which would be compat-
ible with the possibilities Of produc-
ton in Germany, and subject to her
limitations as to supplies of raw ma
rsterials. Such deliveries will be in ac-
cord with the requirements necessary
for Germany to maintain her social
and economic life. This. agreement
shall date from October 1, 1921.
I'm any case, the present contract
excludes the products it is specified
Germany must turn over to the allies
in annexes 3, and 6, part 8, Of the
treaty of Versailles. The cumulative
value Of the payments in kind which
Germany will supply France in execu-
ton of annexes 8, 5 and 6, as well as
deliveries Germany makes to France
under the present contract, will not
exceed 7,OOO,O00,OOO gold marks, from
October 1, 1921, to May 1. 1926.
1T is expressly stipulated that all
deliveries shall be devoted to the re-
construction of devastated regions in
northern France"
Although the text of the agreement
was only partially made public, an I'M
official summary gives some Of it's inn
portant features. A French buyer may
negotiate directly with German pro-
Queer as to the amount of deliveries
and the prices to be paid, provided he
is able to come to terms with the Ger
mans, but the agreement cOntemplates
that Transactions will be arranged be-
tween organizations created by the
French and German governments.
IF these respective organizations
should be unable to reach an agree
ment respecting deliveries, prices,
transportation and acceptance, deci-
sion as to disputed points will be left
to a commission of three. This COM
mission would be made up of one
Frenchman, one German and third
person chosen by common accord or
appointed by the president of the
Swiss confederation.
1t will fig the price list every three
months, and the list will correspond
to normal prices in the interior OF
France less customs duties and trans
pOrtation charges.
TIE semi-ofticial summary does not
deal with the question Of exchange.
Four supplementary agreements, deal
ing with deliveries of cattle, machin-
cry, coal and rolling stock, drafted by
experts to cover details and technical
points, were signed by FL. Loucheur
and Doctor Rathenau.
Subject to Limitations.
The credits to be made on the books
Of the reparations commission are sub
ject, says the summary, to three fimi-
tations, as follows:
1. Only 35 per cent Of the value of
the merchandise Gf the deliveries
reach 1,OOOOOO,O00 gold marks), or As
per cent, if the total amount of pre-
sensations do not reach 100000
marks, will be credited.
2. Germany will never be credited
with more than 1.0OO,OOO,OO gold
marks to May 1, 1926.
8. Germany will never be credited
with a sum superior to Frances share
in the yearly Preparations.
The agreement will be submitted to
the French parliament early in the
coming session.