The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1921-02-03
POWERS OF ALLIES
FIND UNITED FRONT
COUNCIL REACHES
PREPARATION AGREEMENT.
226, 600, 100000 Gold Marks
Payment to Cover Period of Forty
Years.-Conference Results
in Satisfaction to ALI.
226, 600, 100000 Gold Marks

Paris, Jan. 29.-Full agreement on
reparations, German disarmament
and all other important questions be-
fore it was reached by the supreme
council of the allies when it adjourn
ed at $40 o'clock this evening to
meet in London February 21.
The greatest result obtained was,
as NJ. 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 SforZa, the
Italian foreign minister, and Mr.. Bri-
and said the conference had result
ed to the satisfaction of everybody
concerned.
A protocol was signed approving
the reparations scheme as agreed by
the special committee appointed 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 disarm
| by July 1, disbanding all her civic
guards not provided for in the Ver-
sailles treaty.
Germany will be called upon to
pay in AZ annuities on a sliding scale
226, 900, 100000 gold marks. Her
exports will in addition bear an ex-
port duty of IL per cent. and that
will go to the allies. On the basis
Of last years exports, this would give
the allies 100000 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.
25O, 100000 gold marks, the export
tax being entirely in cash.
Means Protective Tariff.
1t is pointed out that besides be-
ing sure method of collection of
the reparation, it will act as a 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 pro-
duction because of the relatively low
value of the mark and which con-
sequently can be oyered in foreign
markets at very low prices in for
eign money. The penalties agreed
upon by the council for violations by
Germany will apply to all the agree
ments alike - reparations, disarma-
ment and coal deliveries. A strong
feature of the reperations plan from
the French point of view is that it
associates the allies in the benefits
of Germany'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 agreements
was presented by Premier Lloyd
George.
According to the terms of the
agreements the annuities and export
taxes are payable semi-annually.
Discount for advance payment will
be 8 per cent. for the first two years,
per cent. the third and fourth
years, and 5 per cent. thereafter.
Germany is forbidden to establish
foreign credits without the approval
of the Preparations commission.
The supreme councils decisions
were communicated to Germany to-
night.
To Aid Austria.
In the attempt to aid Austria it
was agreed that the allies should
apply foreign reparations, the cost OF
the army of occupation and certain
other debts to the allies in order that
Austria might more easily obtain out
side aid. 1t was also decided to con-
vene in the neighborhood Of Trieste
a conference of Austria and adjoin-
ing countries for the purpose of en-
deavoring to improce economic, COM
mercial, financial and political rela-
tions between the central European
states.
Approval was given to NJ. Louv-
heur's proposal for 2O0,OOO,OOo
franc corporation to assist Austria in
dustrially, in which the different gov
ernments may participate. A commits
sion will be appointed to inquire into