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The fee for such provides of food and raw materials for Germany and such different funds as could also be judged by the Allied and Associated Powers to be important to allow Germany to fulfill her obligations in respect of reparation could have priority to the extent and upon the situations which have been or may be decided by the Governments of the stated 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 material. 3) Germany undertakes to ship, within one month from the coming into drive of the current Treaty, to such authority because the Principal Allied and Associated Powers could designate, the gold price now 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 inside one month from the date of the approaching into pressure of the current Treaty, to such authority because the Principal Allied and Associated Powers could 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 first issue of Turkish Government currency notes.

The precise of every of the Allied and Associated Powers to dispose of enemy property and property inside its jurisdiction at the date of the coming into pressure of the present Treaty will not be 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 present Treaty, the Reparation Commission could within one year from the coming into force of the present Treaty demand that the German Government turn out to be possessed of any rights and pursuits of German nationals in any public utility enterprise or in any concession operating in Russia, China, Turkey, Austria, Hungary and Bulgaria, or within 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 current Treaty, and will require that the German Government switch, inside six months of the date of demand, all such rights and pursuits and any related rights and interests the German Government might itself possess to the Reparation Commission. Such technique may take the type, inter alia, of the assumption by the facility 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 could have to fee or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, specifically, any claims which may arise, now or hereafter, from the fulfilment of undertakings made by Germany throughout the warfare to those Governments. Other than the U.S.A., all the Allied governments have been bankrupt and carried unpayable debts; all of Europe was devastated and incapable of feeding itself let alone reconstructing. Enterprises, particularly, that are carried on by non-public entrepreneurs by utilizing capital (cash or goods with a cash worth) to make a revenue, buying the technique of production 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 country like Germany which had a single silver medium was carried out by a path which led first to non permanent bimetallism and later to gold monometallism.

Subject to such exceptions as the Reparation Commission might approve, a primary charge upon all the property and revenues of the German Empire and its constituent States shall be the price gold of reparation and all different costs arising beneath the present Treaty or any treaties or agreements supplementary thereto or beneath arrangements concluded between Germany and the Allied and Associated Powers through 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 value of the transferred rights and أسعار الذهب اليوم في كندا interests as could also be assessed by the Reparation Commission, and the German Government shall within six months from the approaching into force of the current Treaty, communicate to the Reparation Commission all such rights and interests, whether or not already granted, contingent or not yet exercised, and shall renounce on behalf of itself and its nationals in favour of the Allied and Associated Powers all such rights and interests which haven't been so communicated.

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