The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1921-01-31
SUPREME COUNCIL REACHES
AGREEMENT ON REPARA-
TIONS-PAYMENT TO COVER
TWO SCORE YEARS S-SLID-
ING SCALE FIXED IN GOLD
MARKS REACHING GREAT
SUM

Paris, Jan. 29.-Full agreement
on reparation, German disarma-
ment and all other important ques-
tions before it was reached by the
supreme council of the allies when
it adjourned at $40 o'clock this
evening to meet again in London
February 21.
The greatest result obtained was,
as M. BRAND, the french premier,
expressed after the closing session,
maintenance by the allies of
front as united in making peace as
it was in making war;" Count Sfor-
"a, the Italian foreign minister, and
M. BRAND said, the conference had
resulted to the satisfaction of every
body concerned.
A protocol was signed approving
the reparations scheme as agreed by
the council to consider the subject
and also the report on the disarma-
ment of Germany as presented by
the military committee. Under these
arrangements Germany must dis
arm by July /, disbanding all her
civic guards not providing for in the
Versailles treaty.
Germany will be called upon to
pay in AZ annuities on a sliding
scale 226,OOO,0O0,0OO gold marks.
Her exports will in addition bear an
export duty of IL per cent and that
will 60 to the allies. On the basis of
last years exports, this would give
the allies 1,250,OO0,o00 gold marks
or IL per cent of whatever money
with which the exports are paid for.
Thus, it is estimated, the first pay
ment made by Germany will be g.
$50, 100000 gold marks, the export
tax being paid entirely in cash.
1t is pointed out that besides be-
ing a sure method of collection of
the reparation, it will act as pro-
tective tariff in countries that are
neighbors of Germany, which are
likely to be flooded with goods
made in Germany at very low cost
of production because of the rela-
lively low value of the mark and
which consequently can be offered
in foreign markets at very low
prices in foreign money. The penal
ties agreed upon by the council for
violations by Germany will apply to
al the agreements alike-repara-
tions, -disarmaments and coal deliv-
cries. A strong feature of the re-
parations plan from the French
point of view is that 1t associates
the allies in the benefits of Ger
many's prosperity.
Seizure of German customs was
added as, fourth on the list of pen
alties adopted by the council. The
other three are: Extension of the
area of occupation; occupation of
the Ruhr district; refusal to admit
Germany to the league of nations.
The proposal to apply penalties
to the reparations and other agree
ments was presented by Premier
Lloyd George.
According to the terms of the
agreements the annuities and export
Cakes are payable semi-annually.
Discount for advance payment will
he 8 per cent for the first two years
6 per cent. for the third and fourth
years and 5 per cent. thereafter.
Germany is forbidden to establish
foreign credits without the approval
of the reparations commission.
Approval was given to M. Louv-
heur's proposal for a 2O0,000,000
franc corporation to assist Austrian
industries in which the different
governments may participate. A
commission will be appointed to in
uuire into the conduct of the Aus
trian administration with view to
suggesting economics and improving
the various services.
Washington, Jan. 29.-Fixing Of
r