Proof That Gold In Germany Actually Works

The payment for such provides of food and uncooked material for Germany and such different funds as may be judged by the Allied and Associated Powers to be important to enable Germany to fulfill her obligations in respect of reparation may have precedence to the extent and upon the situations which have been or may be determined 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 recognizes the title of the Allied and Associated Powers to such materials. 3) Germany undertakes to ship, within 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 in the Reichsbank or elsewhere, representing the residue of the advance in gold price now 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 ship inside one month from the date of the approaching into power of the present Treaty, to such authority as the Principal Allied and Associated Powers might designate, the sum in gold which was to be deposited in the Reichsbank in the name of the Council of the Administration of the Ottoman Public Debt as security for the first issue of Turkish Government forex notes.

The proper of each of the Allied and Associated Powers to dispose of enemy assets and property within its jurisdiction at the date of the approaching into force of the present Treaty isn't 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 opposite provisions of the present Treaty, the Reparation Commission may within one year from the approaching into pressure of the current Treaty demand that the German Government become possessed of any rights and interests of German nationals in any public utility enterprise or in any concession operating in Russia, China, Turkey, Austria, Hungary and Bulgaria, or in the possessions or dependencies of these 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 below the current Treaty, and will require that the German Government transfer, within six months of the date of demand, all such rights and pursuits and any similar rights and interests the German Government may itself possess to the Reparation Commission. Such technique might take the kind, inter alia, of the assumption by the power to which the territory is ceded of Germany's legal responsibility for the German debt held by her nationals.

Germany undertakes to transfer to the Allied and Associated Powers any claims she could have to fee or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, specifically, any claims which may come up, now or hereafter, from the fulfilment of undertakings made by Germany during the conflict to these Governments. Other than the U.S.A., all of the Allied governments have been bankrupt and carried unpayable debts; all of Europe was devastated and incapable of feeding itself not to mention reconstructing. Enterprises, specifically, which are carried on by private entrepreneurs by using capital (money or items with a cash value) to make a profit, purchasing the technique of production and promoting 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 country like Germany which had a single silver medium was carried out by a path which led first to momentary bimetallism and later to gold price monometallism.

Subject to such exceptions as the Reparation Commission might approve, a first charge upon all of the property and revenues of the German Empire and its constituent States shall be the price of reparation and all different prices arising beneath the current Treaty or any treaties or agreements supplementary thereto or beneath preparations concluded between Germany and the Allied and Associated Powers in the course of the Armistice or its extensions. Germany shall be answerable 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 value of the transferred rights and interests as could also be assessed by the Reparation Commission, and the German Government shall within six months from the coming into drive of the current Treaty, communicate to the Reparation Commission all such rights and interests, 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 haven't been so communicated.

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