The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-05-07
Reparati01ls Terms
Finally Fixed by Allies
Germany Notified That $780,
8 900, 600 Pounds Sterling Must
Be Paid

London, May 2 (By the Associated
rrss}} The supreme council today
reached a. substantial agreement on
the terms to be imposed on Germany.
! IA principle, it is agreed that Ger
many is under obligation to pay 10
the allies $500, 100000 pounds stei-
3 Eng. She Will be required TO pay
800, ,e9e, ,ee0 pounds yearly, plus % per
cent on her exports.
This obligation on the part OF Ger
many shall be acknowledged by the
issue by Germany of bonds bearing
ner cent interest. Of these. GER
-fain amount shall be issued immedl-
aae,y. q second lot in November. ana
thereafter as many more as sfe h''s
ability to pay.
How the bonds are to be paid Oft is
stin a, matter of discussion.
These terms will be Incorporated
{ in the ultimatum. which expires on
May II and which will be sent 10
Germany as soon as the details OF
the terms, are definitely decided upon
nrobakiy at the meeting of the coun-
Gil tomorrow.
When the German payment amounts
4 10 more than hte sum required to pay
ahe interest on the bonds already is
S sued. the reparations commission VIII
Is entitled to require the issue Oh
flIrfher bonds. The intention OF the
5;an according to a British offlclai
Sd 10 the proportion Obligations
{ 4 ger a certain figure, to her ability
10 pay
The drafting ccmrcittee is still at
ysart on the details of the terms, but
Ropes to conclude its report IN time
Tor tonnorrow's meeting, which VIII
f,s attended by military and naval ex-
: 3 i,erts. The protracted meeting TO-DAY
IL understood to have been due 10
The hong discussion over the guar
aftees TO be d,nanded Of Germany
for pas,nent of reparations, there pc
S,is at the start a considerable diver
renee OF opinion. Finally, however
I'd agreement was reached.
Should Germany fail to accept the
terms within the stipulated time, the
French plans for occupation OF the
4 J31,Sir. With a possible naval demon
stration on the part of the British.
with Sc carried out and the proceeds
az Geraany's revenue, such as Gus
TOMS, win be appropriated TOWARDS
,,ayment Of the annual obligation.
f,f addition to the chiefs of the
delegations. there was great array
of financial experts present at To-
day.s meeting. Sir Robert Steven
s,n Horne, the British chancellor OF
: he .Axchequer, was absent, but NJ.
B BRAND, Count Sforza and Foreign
Minister Jaspar We're accompanied py
their finance ministers; Baron
Hayashi by Koko Mori, japanese
commissioner in London. and Mf.
lloyd = George by Winston Spencer
Churchill and representatives OF tne
5 treasury.
N BRAND announced tonight that
he must return to Paris TUESDAY
night, so the meeting tomorrow Is
expected to be final.
French Military Headquarters
3 Mayence, Germany. May (By the
associated Press.,--One division OF
Riack Moroccan infantry and one dl-
s vision OF cavalry, under command
os General Simon. in Is trains ie.l
this evening for the Ruhr. They VIII
arrive in Dusseldorf Tuesday morn
ms.
paris, May 2.-The ministry OF wal
said tonight. with reference to ad
] wees telling Of the dispatch Of IN
fanty and cavalry from Mayence into
the Ruhr, that the government hao
Hot yet issued any order for such
movement into the Ruhr region. Ihe
military authorities in Mayence. now
ever, it was added, may have ceeheo
!. 81 advisable to start the troops.