Capital journal. (Salem, Or.) 1919-1980, 1921-05-05
Demand Reply
By May IL

CONTINUED from Page One
Ruhr valley by allied troops on ths
Rhine under the conditions laid
down.
"(b) In accordance with article
235 of the Versailles treaty to in
yite the allied reparations commits
sion to notify the German govern
ment without delay OF the time
and methods for the discharge by
Germany OF her debt and to an
nounce its decision on this point
to the German government by May
8, at the latest.
Must Answer Definitely.
"(c) To summon the German
government to declare categorical
ly within six days after receiving
the above decision its determine
ton: "a To execute without res
ervation or condition its obliga-
tions as defined by the reparations
commission; (2) to accept and
realize without reservation or con-
dition In regard to its obligations
the guarantees prescribed by the
reparations commission: (3) to
execute without reservation or de-
lay measures concerning military
naval and aerial disarmament of
which Germany was notified byI
the allied nations In their note OF
January 20; those measures in tic
execution Of which they have SO
far failed to comply with are to
be completed Immediately, and the
remainder on date still to be
fixed; (4) to proceed without
reservation or delay to the trial Of
war criminals, and also with 9TH
er parts OF the Versailles treaty
which have not as yet been full
filled.
(d) To proceed on May IL with |
the occupation of the Ruhr valley.
and to undertake all other mill
tary and naval measures, should
the German government fail to
comply with the foregoing condi-
tions. This occupation will last
as long as Germany continues her
failure to fulfill the conditions
laid down"
Protocol Binds Germans,
The protocol to be handed the
German war burdens commission
In Paris tonight by the repara
tions commission says:
Germany will perform in the
manner laid down in this sched-
ule her obligations to pay the total
fixed in accordance with articles
23l, 232, and 233 OF the treaty of
Versailles, 1872 billion gold marks
less (a) the amount already paid
on account of reparations: (b)
sums which may from time to time
be credited to Germany in respect {
of state properties In ceded terri
tory, etc.; (c) any sums received &
rom other enemy or former enemy I
powers in respect to which the I
may decide credits
'hould be given to Germany, plus
he amount Of the Belgian debt to
he allied, the amounts Of these re-
iuctions to be determined later by
he commission
The protocol then provides for
he issue of bonds as has previous
been outlined and which shall
'e secured on the whole assets of
he German empire and the Ger
nan states"
Bond Issue Provided. =
The first series of boude, for the y
mount of twelve billion gold u
marks, the protocol says, shall be N
reated and delivered by July / y
92l, but the interest OF five per N
ent plus one per cent for a sink n
ng fund, shall be payable half u
early from May /. d
The second series, for thirty a.
light billion gold marks shall be u
sued on November /. The third a
cries for $4,000, 100000 gold II
larks shall, not later than No p'
ember /, be delivered to the rep :.
rations commission without cou- ~
ons attached and will be issued II
Y the commission as and when il u
satisfied payments which Ger IN
any undertakes to make in pur- eo
lance of this agreement are suffi-
ent to provide for the payment -
interest and the sinking fund *
such bonds. The sinking fund 4
Iall be used for the redemption
the bonds by annual drawings
par.
The bonds win be German gov
nment bearer bonds, in such
rm and such denomination as the
parations commission shall pre-
ribe for the purpose OF making co
EN- marketable and shall be free Ce
pm Germanstaxes and charges of 90,
cry description, present and flu IVA
re.
Until redemption OF the bonds, ~,
'rmany will be required to pay en-,
arly two billion gold marks and -
per cent OF the value OF her ex- "a
rts as from May /, or, alterna- =.
ely, an equivalent amount as -
ed in accordance with any 9TH W.
index proDosad hv Germany and s0o