The Barre daily times. (Barre, Vt.) 1897-1959, 1921-04-26
BUT QUALITIES
OBLIGATION BY
ABILITY TO PAY
Another Proposition is For
An International Loan
for the Purpose of Plac-
ing Ready Cash at the
Entente's Disposal-Ger-
many Seeks Easy Pay
ment Terms

Berlin, April 20 (By the Associateu
Pressl An arbitration proposal by
Germany for determining the total
amount due from her on reparations Is
contained an the reparations note for
warded to Washington. A clause in
this note says:
Germany suggests the appointment
of an unbiased commission to fix the
total sum OF her war reparations, which
she pledges to accept as binding and to
carry out in good faith"
Germany, adds the note, would wei
come any suggestions from the Ameri-
can government for further negotia
lions or for changes in the present pro
posals.
with the acceptance OF these pro
posals," says the German note, Ger
many's other reparations and obliga-
tions will be annulled, and all German
private property in foreign countries
released"
As evidence of her good faith, says
Int nOtp, pitpoANb AihapSNA
ately 10 place at the disposal OF the
reparations commission l5O,00O,OO0
marks in gold, silver and foreign ex-
change and S50,000,000 gold marks in
treasury notes, redeemable within
three months in foreign exchange or
foreign securities.
The text of the clause in the note
stating the amount Germany is ready
to pay reads as follows:
Germany declares herself ready to
engage to pay for reparations total
Of 10000 00O000 marks gold at their
present value Germany is equally
ready to pay this amount in annui-
ties adapted TO her productive capacity
M TO a total of 100000, 100000 marks
gold"
Germany in the note proposes the is
sue of an international loan, the pro
cecds to be placed at the disposition of
the allies. On this loan Germany
would pay interest at four per cent
and provide for amortization. The
.um OF the reparations total not GOV.
cred bv this international loan would
be provided, TO the limit of Germany's
capacity, by payment in goods, mate
rials, etc.
"Germany is disposed" says the note,
ITO allow the allied powers to particl-
nate in Germany's economic and imam
cial amelioratiOn. Germany will CO.
operate with all her efforts in the re-
construction of the devastated regions,
80 that she may acquit herself as quick
lv as possible of the sums remain
ing unpaid
Germany's offer of immediate pay
ments represents l000,000i000 marks
gold. the note says, made up as fol-
lows:
"First-One hundred and fifty mill
lion marks in gold, silver and bills re-
ceivable;
''Second-Eight hundred and fifty
million marks in bills Of exchange upon
the treasury which would be paid at
the latest in three months in bills re-
ceivable and in foreign securities.
As security for the credits accorded
her. the proposals state. Germany is
willing to pledge revenues and proper
ties. in a manner to be determined be-
tween the contracting parties.
Germany. "in the event the United
States and the allies so desire. Is will
ing. according 20 the extent OF her
ability and capacity. to assume the al
lied obligations 20 the United State
saws a clause in her counter proposals
il was definitely learned here to-day.
With this exception the counter pro-
posa7s forwarded to Washington. in
Guiding the offer OF 200. 900 600. .000 gold
marks, are virtually as forecast in yes
terday's Associated Press dispatches
from this city.
Germany offers 10 rav $4,000 100000
gold marks the present value Of which,
converted into aunuitics. totals 200
600 .0O0. 900 gold marks. The payments
under this proposal. would be made ac-
cording to Der ability.
The forecast Of Gormany's repsra
tinns offer. as cabled from Berlin yes
terdav and received last night in Asso-
Grated Press dispatches showed thf
Germans a. naming 200 billion gold
marks a. the ultimate total Of the in.
drmnity they would agree 70 pay. a.
compared with the 226 billion gold
marks demanded BY the allies in theif
terms formulated At Paris last winter
AZ 20 the terms of payment ths
Germans suggest making the aunuitie'
flexible. dependent upon the recovery
81 German industries
Thev also suggest an infernstions
Loan. 70 h. foated Immediately tie