The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-04-10
BRINGING BACK
GERMAN MONEY
is PROPOSED
Second Reparations Committee
Report Deals with "Capital
Flight" From There
MARKS FALL is TRACED
Only Way TO Prevent Capital
Exodus Is Held to be to
Check Causes
MARKS FALL is TRACED

Paris, April l0.-An official sum-
mary of the report of the second
committee Of experts follows:
PREAMBLE:
"The committee to consider the
means of estimating the amount of
German exported capital and of
bringing it back to Germany, held
3S meetings in Paris and Berlin. II
adopted the date OF December 81
1928, as that to which it's estimates
relate. 1t is not possible to fix pre-
else figures but the committee has
laid down maximum and minimum
limits between which the actual
amount is to be found.
"SECTION ]. Method Of Work
"(A) While availing themselves
of all information, the committee re-
jected the method Of making de-
tailed inquiry of bankers and busi-
ness men throughout the world as
to specific and confidential transac-
tions on the part Of Germans.
"(B) Instead it adopted the fol-
lowing method: O-The committee
estimated the total value Of German
capital abroad at the outbreak of
war. (2)-It estimated the total re-
duction thereof during the war as
a result of adverse trade balance
during that period, advances by Ger
many to her allies, loss by seques-
tration of property in Allied and as
sociated countries and loss through
depreciation in value of securities
(3)-It estimated the total assertions
to German foreign assets during the
war as result of sales of German
securities, interest accumulations
sale of gold and profits realized from
territories occupied by Germany.
"(C) The foregoing calculation
resulted in an estimate of German
foreign holdings at the time Of the
armisticc.
"(D) Since that date until Deem
Der 81, 1923, methods of increase of
foreign holdings have been as fol-
lows:
"D Chiefly the direct sale OF
paper marks and mark bank credits
(2) The sale Of goods, real estate
precious metals; (3) Interest on ac-
cumulations, tourist expenditures
foreign money expended by armies
of occupation in Germany; (4) Re-
mittances from Germans abroad
earnings of transA companies
for transportation Of foreign goods,
insurance profitsa etc.
"(E) The cause of decrease since
the armistice have been as follows
"O Purchase of imported good;
"(2) Cash payments to the Al.
lies under the treaty of Versailles ;
CD German tourists eXpendi-
lures; (4) Interest on German Sc
curities held abroad.
"(F) In making all computa tions
the committee has not relied on Of
ficial reports of German imports and
exports but has revalued the commo-
dities on the basis Of current world
prices at pertinent dates.
"(G) The result of all the fore
going calculations gives German
foreign holdings as of December 81,
1928.
Estimated Figures
''SECT1ON 2. Estimated figures:
"(A) Assets abroad in 1914 be.
longing to German nations residing
in Germany estimated at % milli1rd
gold marks.
"(B) The war period. (l) de-
probation of German assets abroad;
non payment of interest due and H.
quidation and sequestration mea.
sures resulted in loss of apprGxi-
mately 16.l milliard gold marks. (2)
During the war profits and exploita.
ton of Belgium, Northern France
Poland, Lithuania and Roumania ap.
proximated 81 to 6 milliard gold
marks; and the sale Of gold and OF
German securities aggregated ap.
proximately two milliard gold marks
"(C) Post war period. (D Princi.
pal causes of reduction; deficit in
Germans trade balaacs aut the
meeting of cash paym-nts 70 the AL,
lies under the treaty Of Versailles
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