Show AGREE THAT GERMANY MUST PAY GOLD MARKS FOR WAR DAMAGES according to plans payments will ba made in yearly installments a period of forty two years part full agreement on reparations german disarmament and all other important lons before it had been reached by the supreme council vibes it adjourned to meet in london on february 21 germany will be called on to kiy in annuities on a sliding scale gold marks her exports in addition bear an export duty ot 12 per cent for the allies on the basis of last deurs export this would ghe fhe allies 1250 gold marks or 12 per cent ot whatever money in which the exports are paid for ihus it Is estimated the first payment made by germany will be 3 gold marks alie ex port tax being paid in cash it Is pointed out that besides lieng a sure method of collection it w III act as a protective tariff la countries near germany w alch are to be flooded with goods made in germany at a low cost penalties agreed on for will apply to all agreements alike reparations disarmament and coal deih cries A feature of alie reparation plan from the french point of blew Is that it associates the allies in the benefits of germany s pros alie council likewise approved n plan for a franc corporation to aid austria examination of the plan showed it provided that the i per cent tax on german exports would intend over the same period as the reparation payments germany Is to be allowed an 8 per cent cash discount on payments made in advance the total of gold marks of german reparation payments called for by the plan would equal approximately at normal exchange lates it understood that for the purpose of inducing germany to pa off her reparations debt as rapidly us she would be allowed discounts on her annual payments these discounts would be fixed at 8 per cent the two cars 8 per cent the two following and 5 per cent the remaining thirty eight AS a guarantee against germans defaulting on her payments pai ments the committee recommended that in such an event german customs might be seized and nev or increased taxes be |