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tions which Germany is to make in kind year by yearunder the various Annexes to the Reparation Chapter.

8. The Commission will provide for the restitutionby Germany of property which can be identified.

9. The Commission will receive, administer, anddistribute all receipts from Germany in cash or inkind. It will also issue and market German bondsof indebtedness.

10. The Commission will assign the share of thepre-war public debt to be taken over by the cededareas of Schleswig, Poland, Danzig, and Upper Silesia .The Commission will also distribute the public debtof the late Austro-Hungarian Empire between itsconstituent parts.

11. The Commission will liquidate the Austro-Hungarian Bank, and will supervise the withdrawaland replacement of the currency system of the lateAustro-Hungarian Empire .

12. It is for the Commission to report if, in theirjudgment, Germany is falling short in fulfilment ofher obligations, and to advise methods of coercion.

13. In general, the Commission, acting through asubordinate body, will perform the same functionsfor Austria and Bulgaria as for Germany , and also,presumably, for Hungary and Turkey. 1

There are also many other relatively minor dutiesassigned to the Commission. The above summary,

1 At the date of writing no treaties with these countries have beendrafted. It is possible that Turkey might be dealt with by a separateCommission.