Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-04-10
COMMITTEES HAND
4 REP ARAT IONS PLAN
/ To BOARD Of ALLIES
'oreign Gold Bank Suggest
ed to Stabilize Money Of
Gernany-Lighter Hand IS
Asked in Ruhr

ARTS. April 9-(By the Associat-
d Press.l-The report of the eH-
berts, who have been engaged Tor
he past three months in the task
sE-ascertaining Germany's capacity
IL ray Preparations, was handed to
7kla Preparation commission today.
rhe two committees, under the
Workmanship of Brigadier General
Charles G. Dawes and Reginald Nc.
kenna, respectively, have gone deep
" into the intricacies of the many
problems connected with repara-
ions, and approached the task "as
business men anxious to obtain eff
ective results"
The League of Nations is drawn
nto the reparations problem by the
Dawes report, while an unofficial
slated for an important role in the
Execution of the experts plan. An
American member of the general
oard of control for the proposed
lew gold bank of issue is quite likely
D fill the important post Of com
missioner" His duty will be to de-
de when Germany's capacity to
lay has been reached, while the
eague finance committee will be
sked to arbitrate if the commits
oner's decisions in applying the
index of prosperity" are disputed
Y either Germany or the allies.
A business matter bereft of poll
les is how the experts describe the
ask they have just completed. They
hterpreteted the object of their work
tending to the collection of the
ebt, rather than the application of
|enaIties with a purely economic
Holution in view.
Obligation Is Recognized
Recognizing the obligation of Ger
nany to pay and. declaring that she
Jas resources with which to pay, the
Experts insist that if Germany does
ay she must have her hands free to
Xploit her economic resources.
The experts carefully omit in their
eport mention of the Ruhr, but
make it plain that the French and
6elgians may satisfy themselves by
eaving garrisons in the Ruhr, If
hey see fit, but taking their hands
ff the Ruhr and Rhineland rail
Dads and the Ruhr industries.
The first prerequisite to the pay
lent of Preparations, the experts as
ert, is sound money in Germaly.
they propose to this end the estab-
[shment of a new gold bank of is
ue with 400,000,0G gold marks CAPT
hl, IN the organization of whic-'
hey make it to the interest and
Profit of Grmany, as well as to the
advantage of the allies, to cooperate.
Germany's production, they say
2yill enable her to meet her own re
uirements and raise amounts to ap
ly to PREPARATIONS as contemplated
the plan. These payments, fixed
II sliding scale, run from 100000
90 gold marks in 1926 to $500 ,000,
90 in 1884.
In order to prevent these pay
nents from affecting adversely Ger
hangs financial stability, an index
f prosperity has been fixed, making
possible to judge whether the
mounts of the scheduled payments
re or are not beyond her capacity
Board of Control Suggested
A general board of control, includ
= an American, with allied, nCutra
nd German members, is the experts
button of the difficult problem OF
larantees that Germany will exc
ate the terms of eventual settlement
- their plan. The experts fount
plan most likely to satisfy the
EsSa and at the same time prove
cceptable to the Germans. One
hember of this board, with the title
commissioners, will be vested will
he important duties of deciding &C
ording to an index of prosperit.
hen the payments provided for il
he plan may prove too onerous an'
hay threaten the upsettinG OF Ger
ban finances.
The index is to be based POI
erman exports and imports, the to
hi budget receipts and expenditures
hilroad traffic, the monetary Vaiu
the consumption of sugar. tobacco
eer and alcohol by the total popula
on and the consumption IF coal
Percentages will be fixed on the aver
&c statistics covering these bases
rst for three wears. then for sil
ears, the percentage of each of tn
tx groups compared with the baS
eng separately computed and til
veraGe, of the six percentage re
hits. forming the index.
When the resources exceed the in
eX. supplementary payments on reE
rationS are to be made in propoI
Bonate amounts: when the indie
roveS deficient. basic payments Sha
made for the period on which tn
fluctuations are based, but suost
uent supplementary payments sha
OF become due until allowance ha
cen made for previous deficiencies
At this point the League of Ma
Ions is brought into the plan; an
disputed point upon the applicatio
t the statistics on this index is t
referred to the finance section Q
he league for arbitration.
Railroad Mortgage Included
Cermany'S railroads. estimated b
he eXpertS 10 be worth 10000. 600
90 gold marks with a net Carnin
apacity as high as 1000. 100000 sol
marks yearly, were found to be 4
valuable means for securing repair
hon payments and Gliding German (
anCeS. Tho experts propose
lauket MORTGAGE of 1000 600, 90
lola marks on the entire Germa
ailroad system, hearing five per cen
Interest with one per cNnt sinkin
u~1 annually
The interest and siulliuc fund o
g mort gage they ficure. renreser
as than three per cent on tho -
Ire canit,I IF the said value OF &c
90 .Oo1 zoe, Full interest VIII not h
EnnA; nnna M Pnnn Cnlumn 8