The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-27
SUBMITTEDTO lied POWERS
THROUGH THE UNITED STATES
Fixes Reparations at Amount
Equivalent to Fifty
Billion Dollars.
INDEMNITY TO EXTEND
OVER NUMBER OF YEARS
Asks to Be Freed From "All
Unproductive Outlays"
Now Imposed.
(ey The Associated Press.)

BERLIN. April 26.-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 pro-
posals were made public today, as well
as the accompanying assurances for
warded Ito President Harding.
Germany declaring that the peace and
welfare OF the world are dependent upon
speedy and Just solution OF the repara-
tions question, assures the president
that II will do everything in its power
70 enable the American government &c
direct the attention Of the allied govern
ments to the matter. AS previously out
lined, Germany proposes to pay the allies
an indemnity extending over number
of years which win amount to two hum
dred billion gold marks, equivalent &C
about $50. .000, 900. 900: she will cooperate
20 her utmost in the reconstruction Of de-
vastated regions: she will place innrle-
dately at the disposal OF the renarations
commission one billion gold marls she
Is willing 10 assume 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 conc .tior
that the present system of penalties shall
be discontinued Immediately; that she
be given freedom OF trade and that she
he freed from ''al unproductive outlays
now imposed on her.
The German foreign minister. DIR. Si-
mons, explaining the counter proposals
in the reichstag, declared the new offer
sent through the United states must not
be taken ''on the basis OF an increase
over the previous offer but only on a df-
ferent basis"
The new step had been taken by Ger
many. the minister explained, not from
.samr OF new penalties. but owing entire-
~ 10 the false views entertained abroad
regarding the reparations question. Fresi-
dent Harding was appealed TO on the
principle OF justice. and the American
answer was awaited at any moment
The text OF the note forwarded by Ger
many to the United States for transmits
sion TO the allies concludes with tue fol-
lowing points:
eOne--Germany fixes :er total nabili-
~ at $50. 900. 900. 900, payable in suitable
annuitles 20 total 100000, 100000 gold
marks.
'.Two--Germany will Immediately issue
an international loan In which she will
participate, and OF which the value, rate
OF interest and scale of redemption shall
lie subject to agreement the proceeds
Of the loan 70 be put at the disposal OF
the allies.
'Three-Gernany VIII pay accorulHs
10 her capacity. in labor, interest and re-
demption. the total sum 10 be paid which
"a not covered BY the International loan
me considers in this connection that II
will be possible 70 pay only four percent
annual interest.
''Four--Ciermany is disposed 10 permit
tho allies 10 share IN an improvement. uf
financial and economic situation The
redemption OF the remaining sums viii
have TO take therefore. veriable form
depending upon an Improvement ~
would be necessary TO draw up scheme
10 be based on an index 10 be used should
the situation become worse.
''Five--In order to clear herself as
quickly as possible Germany is willing &C
CONTINUED On Page Two)