Show FIRST T COMMITTEE E TURNS IN FIE REPORT FIEm m f l EVACUATION OF GERMANY 1 IS 19 BASIS BASIS' OF PLAN SUBMITTED r r. r t BY DAWES DAWIS PLANk PLAN r I h. h k Germany erny Must Pay as Much In Taxes 1 A As People of Allied Counties 4 Outside Interference Must Stop Paris The The report of the first committee of experts under tinder Brigadier General Charles Charls G. G JaweR which i is practically agreed upon by by- bythe the experts experts ex ex- perta though the out of some somo details and the drawing up o 0 or orthe the text may require another week is based on these fundamental firn fine fine- i ings The German people must pay n as na naI 1 I much taxes as any of the people ol 01 the allied countries Germany musT mus pay the maximum of her capacity in reparations The German economic machine must be free to function under un der dee German control unhindered by any interference from the outside Minimum sums must be paid at once or in the immediate future futures on reparations these to be increased in proportion to the revival cf of Germans German's German Ger mans man prosperity and accord inc ny to her economic conditions In order to put Germany in a post pod I tion to carry out her part of the program pro gram which the report will 1 to the reparation commission on the Ine I basis of these general principals the experts propose to set up an international international inter inter- national bank to have exclusive right to the issue of German currency on a gold basis The bank plan provides provides pro pro- vides for the cooperation of the allies and neutral nations with the Ger Germans mans in supplying capital and ih h the the management of the tho institution is to be located in some come country neutral neutral neu neu- in Sn the war warThe The capital of the bank remains t to be Indications are that it will wUI willbe be in the neighborhood of ol of oZ of which hal halt half will como from Germany and the remainder from abroad Foreign subscribers to loans Ioan to raise the necessary ary amount or r to the capital if if- final arrangements so provide will willbe be sec secured red by a lien on Germanys Germany's productive up of a bank of issue Is expected not only to assure pe permanent per manent stability of the mark but to furnish n a flexible medium through which reparation ou payments may be bo effected without resorting to th the purchase purchase pur pur- chase chaw of foreign mon money y with marks minks with the consequent ent risk of ot another depreciation in G Germany money The reich is supposed under his plan to deposit in this bank the sums S required to pay interest on loans and minimum reparation installments The allies will be enabled to draw v lm on the reparation fund proportionately proportion proportion- proportionately to their percentages fixed at Spa They may check out cash or orS S dr draw w checks checks' payable to products in inv p ported parted Hed from Germany on the reparation tion account Thus the reich may pay its its' obligations in its own money |