APPENDIX OF DOCUMENTS

193

the interested Powers any infraction of the principles adoptedherein.

II. The Paris Decisions, 1 January 29, 1921

1. In satisfaction of the obligations laid on her by Articles231 and 232 of the Treaty of Versailles, Germany shall pay,apart from the restitutions which she must effect in conformitywith Article 238 and all obligations under the Treaty :

(1) Fixed annuities, payable in equal instalments at the endof each six months, as follows :

(a) Two annuities of 2 milliard gold marks (May 1, 1921-May 1,1923).

(6) Three „ 3 „ „ (May 1, 1923-May 1,1926).

(c) Three „ 4 „ „ (May 1, 1926-May 1, 1929).

(d) Three „ 5 „ „ (May 1, 1929-May 1,1932).

(e) Thirty-one „ 6 „ „ (May 1, 1932-May 1, 1963).

(2) Forty-two annuities, reckoning from May 1, 1921, equiva-lent to 12 per cent of the value of Germany' s exports, levied onthe receipts from them and payable in gold two months afterthe conclusion of each six-monthly period.

To ensure that (2) above shall be completely carried out,Germany will accord to the Reparation Commission everyfacility for verifying the amount of the exports and for establish-ing the necessary supervision.

2. The German Government shall deliver forthwith to theReparation Commission Bearer Bonds payable at the due dateslaid down in Article 1 (1) of the present scheme, and of an amountequal to each of the six-monthly instalments payable thereunder.Instructions will be given with the object of facilitating, on thepart of such Powers as may require it, the mobilisation of theportion accruing to them under the Agreements which they haveestablished amongst themselves.

3. Germany shall be entitled at any time to anticipate thefixed portion of her obligation.

Payments made by her in anticipation shall be applied in

1 So far as I am aware, no complete official text of these decisions hasbeen published in English. The above is translated from the French text.

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