The New York herald., 1921-04-26
ORDER DEPOSIT OF
A BILLION MARKS
Reparations Commission in
Ultimatum for Deposit of
Gold in France.
DOUBLES ANNUITIES PLAN
Allied Board Is to Tell the
Germans What They
Are to Pay.
DOUBLES ANNUITIES PLAN

special Cable 10 THE New yoaK HEa,Lp
Copyright, 1921, by THE NEW YoeK HERALD.
New York Herald Bureau,
Paris. April rs.
The Preparations Commission, after
holding a final plenary session Friday,
will on Saturday hand 10 the German
peace delegation its final decision on
Germany's debt to the Allies Copies
of the decision will be forwarded be-
forehand to the United States and
other Powers interested.
The decision will name principal
sum OF between 10000, 0Oo. 900 and
150. .o0o. 100000 marks gold. THE NEW
YORK HERALD correspondent here is
informed. This is more than double
amount of the annuities (226. ZOO. .o00.-
600 marks gold in forty-two years.
called for by the Paris accord OF the
Allies.
In handing this bill to Germany the
Preparations Commission viii have
compiled with Article 233 Of the
Treaty OF Versailles.
While It is recognized here that any
settlement with Germany will be at a
figure much lower than this, the final
decision by the Preparations Commission
Is deemed TO have a certain moral value
in insuring the negotiations in which
America has taken a hand.
The commission to-day forwarded a
demand to the German War Burdens
Commission that i.o00,000.000 gold
marks be deposited in the Bank OF
France on or before April 30.
In it's demand the commission. after
referring to Gerrnany's refusal to trans
fer the Reichsbank gold reserve to the
Rhineland. says
TN view OF the attitude the German
Government has adopted and in view OF
ito failure to fulfil the obligations aris-
Ing from Article 2s5, the Reparations
Commission In obliged 10 exercise the
powers conferred upon II by the treaty
and to demand that 1000, 600. 900 marks
in gold be placed at the disposal Of the
Reparations Commission In the vaults
OF the Bank or France on or before
April 40
"Thc Reparations Commission does
this juncture the relations of the Com
monwealth Government with the Relchs-
bank. since Il Is assured that the Com
monwealth Government has in any case
the means of complying with the de-
mands of tho Reparations Commission
II 1t wishes to employ them"
IL Is understood that no informal tion
has yet been received by the Government
here from Ambassador Jules J. Jusserand
In Washington regarding the new Ger
man offer The opinion here Is strong
that IL President Harding forwards the
German proposals 70 the Allies the
United States will have assumed certain
responsibilities in connection with the
reparations question ana. therefore,
should be represented in the reparations
discussions.
Under the treaty OF Versailles Ger
many was Obligated 10 pay TO the Allies
20, ,o0o. 900. 900 gold MARKS before May /.
In March the Repa arations Commission
notified the German Government II
must pay one billion gold marks on this
account before March 23, TO be deposited
In the Bank OF France. Bank Of England
or a Federal Reserve bank In the United
States. Time was given to the Ger
mans until May 70 pay the balance,
computed at 1900. 000.0 marks after
deducting the value OF goods already
handed over TO the Allies.
The Germans. In a note OF March 20,
refused 10 pay the one billion marks de-
manded and disputed the figures OF the
commission ~ TO the balance due May !.
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