The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-05-03
(By Associated Press Leased wirel

Berlin.-G ermany's latest reparation
offer proposes that the sum total of
her obligations in cash and kind under
the Versailles treaty be fixed at
30,O00,000,000 gold marks. Tie German
government, in a note made public here
today simultaneously with it's receipt
by the entente and Washington gov
ernments proposes that 20,000,000,0 900
of the total be raised before July /,
1927. by a bond issue at normal rate
of interest on the international morey
market. 5,0OO,O00,0O0 would be raised
before July 1, 1929 in the same manner
and the remaining sum similarly be-
fore July l, 1881.
The note asserts that Germany, in
accordance with existing treaties, will
also make payments in kind which are
to be credited to her account. The note
expressed the governments conviction
that the new proposals represent tn"
utmost limit Of Germany's capacity to
nav and expresses grave doubt as to
whether the offer does not exceed her
ability in view of the heavy dislocatlon
and weakening of the Reich's economic
organization caused by the Ruhr oc-
cupation.
Left 70 Tribunal.
In case the creditor governments do
not share Germany's belief that no ur"
preiudiced party could arrive at high
er estimate in view of her general con-
dition, the Berlin government proposes
that the whole reparations question be
left to the decision of an international
commission free from every political
influence as suggested by Secretary
Hughes.
Payments in kind are to be guarap-
teed by long-term private contracts
breach or violation of which would
make offenders subject to fines.
The note proposes that the first 20
000.O0O,OO0 marks Of the total OF 3d.
COO 100000 be offered for subscription
Immediately. Interest on bonds up tC
July /, 1927 would be taken out of the
loans themselves and would be PAID
into a special fund under control OF
the reparations commission II twenty
billion marks cannot be raised by
means of loan before July 1, 1927
interest of $50 would be paid on that
sum from said date, at the rate of 1%(
for mortization.
Keep Up Passive Resistance.
The note asserts that Germany is
making her offer without desisting
from her program of passive resistance
which would be continued until thg
areas occupied in excess of the stipula-
lions of the Versailles treaty are evac
uated, and until conditions on the
Rhine are restored, according to terms
laid down in the Rhineland agreement
Fulfllment of Germany's obligations
the note continues, depends on tbs
sterilization of her currency, therefore
it. is necessady in connection with the
regulation of the Preparations problem
to bring about methodic and perma
rent sterilization in order to remov,
the apprehensions of other countrie:
with respect to ruinous German corn
petition Strengthening of her curren
cv will also enable Germany to restor,
her internal finances, the note says.
In order to realize this program ant
also to safeguard the interests of those
who finance the loans, the German gov
eminent says it is essential that Their;
ba<no more forcible seizures of securi
ties. that no further sanctions be i'm
posed, that Germany be freed from tn;
unproductive expenses while she nov
is burdened and that she also be lib
Grated forthwith from all political AZ
econonl1c restrictions