OCR Text |
Show lIlElSlE : IMSMIQES Apa5EThat ge"many m-Ost PAY 226,000,000,000 GOLD MARKS FOR WAR DAMAGES. According to Plans Payments Will De Made.ln Yearly Initallmenta, Covererlng a Period of Forty.two Years. InrlH.-.PuiinBn.BM10IIt on r . tlous, (.oriimii illwiriiiBinnit and all other Imp.utant iiuetloiw before It had llf,!1uai,nd ,,J" ,,,u sl"-eao council when t adjourned to meet In London on February 21. Germany will be called on to pay 000,000000 gold marks. Her exports, In addition, benr an export duty of 1- per cent for the allies. On the basis of lust year's exports, this would glvo tho allies 1,250,000,000 gold marks, or 11! por rent of what-ever what-ever money In which the exports are paid for. Thus, It ls estimated, the first payment made by Germany will be 3,260,000,000,000 gold marks, the export ex-port tux being paid In cash. It Is pointed out that, besides being a sure method of collection, It will net s a protective tariff In countries near Gormnny which are likely .to be flooded with goods mudo In Germany at u low-cost. Penalties agreed on for violations will appiy to all agreements allker-rcpnrutioiis, allker-rcpnrutioiis, disarmament nnd coal dells de-lls erics. A feutuup of the reparation plan, from the Krench point of vlev,' Is thnt It associates the allies In the benefit? of Germany's prosperity. The council likewise approved a plun for a 200,000,000 franc corporation to aid Au.itrlu. Examination of the reparations plan showed It provided that the 12 per cont tux on German exports would extend ex-tend over tho same period us the stlpu luted reparation payments. Germany Is to bo allowed an 8 per cent cash discount on payments made In advance. ad-vance. (Tho total of 220,000,000,000 gold murks of German reparation payments, pay-ments, enlled for by tho plan would equal approximately J.IO.OOO.OOO.OOO at nnrmnl exchange rates.) , It Is understood that, for the purpose of Inducing Germany to. pay off-her reparations debt as rapidly as possible, she would bo allowed discounts on her annual payments. These discounts would be fixed nt ITper cent the first, two years, 0 per cent the two follow-' Ing and fi per cent tho remaining thirty-eight years. As u guarantee ngnlust Germany's defaulting on her payments, the committee com-mittee recommended that 1n such an event Gorman customs might be seized and new or Increased taxes be Imposed. |