Evening star., 1923-05-02
a;y the Associated Press.


BERLIN, May 2.-Germany's . latest
separation offer proposes that the
sum total of her obligations in cash
and kind under the Versailles treaty
be fixed at 3o.00o.0 100000 gold marks.
The German government, in a note
made public here today Simultaneous
j. with its receipt by the entente and
Washington governments, proposes
that twenty billions of the total be
raised before July /, 1927, by a bond
issue at normal rates of interest on
the international money market. Five
billions would be raised before July
l. 1929. in the same manner and the
remaining sum similarly before July
J. 1881
Germany, in her reparations propo-
sails submitted today, advances a
proposition that security as between
France and Germany be attained by
:4u agreement to submit any future
conflicts to arbitration or other recon
ciliatory processes.
Favors ArbitEatisn Pacts- -
The German government, says the
note. is prepared. as was it's intention
in proposing the conclusion Of a Rhine
pact, to accept any agreement cal
culatcd to secure peace based on
reciprocity.
The German government, it adds.
j. prepared to accept any agreement
binding on both Germany and France
10 submit all conflicts which cannot
be- settled in the usual diploma tic
way TO some kind of peaceful inter
,.ational procedure, that is TO say,
J!ridicai conflicts to arbitration and
.,ll other conflicts to reconcilia-
, ON process after the example of the
bryan agreements
These agreements are the series
nf arbitration treaties negotiated by
Secretary of State Bryan during the
Wilson administration. with Great
1ritain and other foreign govern
mentS.
OFFER Is Maximum.
The note asserts that Germany. in
accordance with existing treaties,
will make payments in kind which
sire- to be credited to her account.
The note expresses the governments
conviction that the new proposals
represent the utmost limit of Ger
1nany's capacity to pay, and expresses
grave doubt as to whether the offer
does not exceed her ability, in view of
. The heavy diSlocation and weakening
Gt the reich'S economic organiza-
lion caused by the Ruhr occupa ton.
In case the creditor governments do
mot share Germanys belief that no
Euprejudiced party could arrive at
higher estimate in view of her gen
eral condition, the Berlin government
proposes that the whole reparations
question be left to the decision of an
snternational commission free from
every political influence, as suggested
by Secretary Hughes.
Provides for Security.
The German government sets forth
that an international loan syndicate
Eud the reparation commission shall
determine the manner i'll which the
7ration's possessions and sources of
nevcnue. which have already been
pledged under the treaty. can be given
concrete form. and what guarantees
Hye TO be provided in each particular
Ease
The government is also prepared. in
accordance with terms of agreements
t. be made. to adopt all proper and
ac"essary legislative measures to in
sure the cooperation of the reichs
Industrial. commercial and financial
forces in vouchsafing securities of a
satisfactory nature.
Payments in kind are to be guar
entecd by long-term private contracts.
breach or violation of which would
make offenders subject to fines.
Want Ruhr Back
The note proposes that the first
twenty billion marks of the total of
thirty billion be offered for subscrip-
lion Immediately. Interest on bonds
40 to July |. 1927, would be taken
out Of the loans themselves and would
j.. paid into a special fund under con-
1roI Of the reparation commission. If
twenty billion marks cannot be raised
Nv means of loan before July /, 1927,
jiterest Of ) per cent would be paid
o. that sum from said date, in addi-
f.Dn 10 I per cent for amortization
.hc note asaerts that Germany is
,,4aking her offer without desistine
3rom her program of passive resist
aacc which will be continued until
In" areas occupied in excess of the
tripuIations of the Versailles treaty
1ke Rhine are restored according to
kRreement.
Seek to Stabilize Currency.
F'uifllment of Germany's obliga-
lions. the note continues. depends on
shs stabilization of her currency;
fherefere, 1t is necessary, in connec-
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