Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-05-04
GERMANS DRAFT
NEW PROPOSALS
Offer Said to Approximate
l32.OOO,000,0 1000
Marks
ALLIES DEMAND
Supreme Council in Full Accord-To-
tai Debt Increased to 6,io0,00O,O00
Pounds to Pay Relgians' Debts

| Berlin. May Am extraordinary
! Cabinet meeting was in session lats
! last night for the purpose of framing
new reparations offer 10 the Entente
! II is stated thas much higher offer
will be made, which will approximate
! the $4,000 100000 geld marks de-
manded BY the .AIl;ed Reparations
| Comm ;SSion.
! London. May "A new German Of
fer to the Allies was telegrapiled last
night f.nm Berlin to the German AM
Jas:ador at Paris for communication
to the Preparations Commission, ac-
(; cording TO a statement ascribed BY the
London Times to good authority.
The terms Of the offer are not
known. bat the Times says it is be-
l.evel they are approximate 70 ac-
ceptance of the Allies decisions at
Paris on January %.
! 1t is presumed the offer will oe for
warded to London and placed before
the Sup,eme Council today.
The Supremc Council reached a com
plete agreement yesterday on the sub
s:ance IF the ult:ma:um to be sent
to Germany by the Relrira:ions Com
mission not later than May q. The Ill
t:ma.unl expires six days la:er.
The drafting committee worked last
night completing the document. which
will De passed finally at another meet
ing of the s'ounc: to-day AMI then
haried 10 the Reparations Commits
sion, which has been called from Paris
and wh:tlI will forward the last word
of the Allies 10 the Berlin Cabinet,
in accordance with the Treaty of Yer
sailles.
, The total sum which Germany will
be called upon to pay has been In
creased to ,750,000000 lbs by the
inclusion OF the sum due Berlin OF
account Of her deb:s to the Allies.
Under the bonding scheme to qua
.anace the payment Of 100000. 900
! pounds annually. plus % per cent tax
or German exports, 500 100000 lbs
in bonds will be issued when the ul
timatum expires or Germany accepts
| the terms. Bonds 10 the amount of l.
800. .000.hGO pounds will De issued in
November The balance, 4,230 900, 900
pounds viii be ISSUED in accordance
with Gel1nany's capacity TO pay, Tha.
capacity viii be gauged oy the pro-
due. OF % per cent. on exports.
Besides the ) per cent. interest or
! the bonds. an additional / per cent.
will be imposed on them to form q
sinking furd. Il is calculated that
| these bones will Dc redeemed within
81 years from date Of issue.
In no case, according to the scheme
| will Germany be paying more than 5
per cent. interest," and per cent. sink
| ing fund cn the total debt Of G,750,-
100000 pounds. These amounts are IL
be charge on German customs CT
any ether revenue that the Repara-
tions Commission is prepared to ac.
cept.
| The Preparations Commission WI
receive the bonds and apportion then
among the Allies in accordance witt
the Brussels agreement. Each powe!
win dispose of them or nod them. a,
It pleases.
| At the morning session the Allie:
reached an agreement regarding tn,
military and naval measures 70 b'
taken against Germany. They include
the French plans for the occupat!o
!. oi the Ruhr Basin. The plan for ;
Franco British naval demonstratiol
was held IN allegiance until the view,
of the American Government: was ob
!. tanned
| Naval control of Bremen, ,Hambul+
! and S.ea.In was envisaged. out wit
our the establishment Of an actua
blockade.