7. Germany will issue one hundred milliards of gold marks of bearer
bonds, and afterwards all such issues as the Reparations Commission
shall demand, until the amount of the debt be reached in order to
permit the stabilization of credit.
8. The payments will be made in money and in kind. The payments in
kind will be made in coal, live stock, chemical products, ships,
machines, furniture, etc. The payments _in specie_ consist of metal
money, of Germany's credits, public and private, abroad, and of a
first charge on all the effects and resources of the Empire and the
German States.
9. The Reparations Commission, charged with seeing to the execution of
this clause, shall have powers of control and decision. It will be
a commission for Germany's debt with wider powers. Called upon to
decide, according to equity, justice and good faith, without being
bound by any codex or special legislation, it has obtained from
Germany an irrevocable recognition of its authority. Its duty is to
supervise until the extinction of the debt Germany's situation, her
financial operations, her effects, her capacity for production, her
provisioning, her production.
Pages:
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301