Proof That Gold In Germany Actually Works > 자유게시판

The cost for such provides of food and raw material for Germany and such other payments as could also be judged by the Allied and Associated Powers to be essential to enable Germany to meet her obligations in respect of reparation may have precedence to the extent and upon the conditions which have been or could also be decided by the Governments of the said Powers. Germany confirms the surrender of all materials handed over to the Allied and Associated Powers in accordance with the Armistice of November 11, 1918, and subsequent Armistice Agreements, and acknowledges the title of the Allied and Associated Powers to such materials. 3) Germany undertakes to deliver, inside one month from the approaching into drive of the present Treaty, to such authority as the Principal Allied and Associated Powers may designate, the gold deposit constituted within the Reichsbank or elsewhere, representing the residue of the advance in gold agreed to on May 5, 1915, by the Council of the Administration of the Ottoman Public Debt to the Imperial Ottoman Government. 1) Germany agrees to deliver within one month from the date of the coming into power of the present Treaty, to such authority because the Principal Allied and Associated Powers might designate, the sum in gold which was to be deposited in the Reichsbank in the title of the Council of the Administration of the Ottoman Public Debt as safety for the primary subject of Turkish Government foreign money notes.

The proper of every of the Allied and Associated Powers to dispose of enemy belongings and property within its jurisdiction on the date of the approaching into drive of the present Treaty is just not affected by the foregoing provisions. Without prejudice to the renunciation of any rights by Germany on behalf of herself or of her nationals in the other provisions of the current Treaty, the Reparation Commission could inside one year from the coming into drive of the present Treaty demand that the German Government turn into possessed of any rights and interests of German nationals in any public utility enterprise or in any concession working in Russia, China, Turkey, Austria, Hungary and Bulgaria, or in the possessions or dependencies of those States or in any territory formerly belonging to Germany or her allies, to be ceded by Germany or her allies to any Power or to be administered by a Mandatory beneath the present Treaty, and will require that the German Government transfer, inside six months of the date of demand, all such rights and interests and any comparable rights and pursuits the German Government may itself possess to the Reparation Commission. Such technique might take the form, inter alia, of the assumption by the ability to which the territory is ceded of Germany's liability for the German debt held by her nationals.

Germany undertakes to transfer to the Allied and Associated Powers any claims she may must payment or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, in particular, any claims which can come up, now or hereafter, from the fulfilment of undertakings made by Germany throughout the struggle to those Governments. Other than the U.S.A., all of the Allied governments were bankrupt and carried unpayable debts; all of Europe was devastated and incapable of feeding itself not to mention reconstructing. Enterprises, specifically, that are carried on by personal entrepreneurs by utilizing capital (money or items with a cash value) to make a profit, purchasing the means of manufacturing and selling the product, i.e. undoubted capitalistic enterprises, could at the identical time have a traditionalistic character. § 2. The substitution of gold as a substitute of silver in a rustic like Germany which had a single silver medium was carried out by a path which led first to short-term bimetallism and later to gold price now monometallism.

Subject to such exceptions because the Reparation Commission could approve, a primary cost upon all the property and revenues of the German Empire and its constituent States shall be the cost of reparation and all other costs arising below the present Treaty or any treaties or agreements supplementary thereto or under arrangements concluded between Germany and the Allied and Associated Powers throughout the Armistice or its extensions. Germany shall be chargeable for indemnifying her nationals so dispossessed, and the Reparation Commission shall credit Germany, on account of sums due for reparation, with such sums in respect of the worth of the transferred rights and interests as may be assessed by the Reparation Commission, and the German Government shall within six months from the approaching into drive of the present Treaty, communicate to the Reparation Commission all such rights and pursuits, whether already granted, contingent or not but exercised, and shall renounce on behalf of itself and its nationals in favour of the Allied and Associated Powers all such rights and pursuits which have not been so communicated.

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