Current History, Vol. VIII, No. 3, June 1918: A Monthly Magazine of the New York TimesVarious
History
Current History, Vol. VIII, No. 3, June 1918: A Monthly Magazine of the New York Times
Various
World War, 1914-1918
1. The debt conditions will be re-established in so far as the
stipulations in Articles 8 to 12 do not decide otherwise.
2. The stipulation in Paragraph 1 does not prejudice the question as
to what extent the conditions created by the war (especially the
impossibility of settlement of debt owing to the obstacles in
traffic or commercial prohibitions in the territory of either of the
contracting parties) shall be taken into account in the
determination of claims of subjects of either party in accordance
with the laws applying thereto in the respective territories. In
this connection subjects of the other party who have been prevented
by the measures of that party, are not to be dealt with more
unfavorably than the subjects of their own State, who have been
prevented by the measures of that State.
A person who by the war has been prevented from carrying out in good
time a payment shall not be obliged to make good the damage which
has occurred owing thereto.
3. Demands of money, whose payment could be refused during the war
on the strength of war laws, need not be paid until after the
expiration of three months after the confirmation of the peace
treaty. In so far as nothing else has been stipulated in the
supplementary treaty, an interest of 5 per cent. per annum must be
paid on such debts from the original date on which they were due,
for the duration of the war and the further three months, regardless
of moratoriums. Up to the day on which they were originally due, the
interests agreed upon, if any, must be paid. In the case of bills or
checks submission for payment as well as protests against nonpayment
must take place within the fourth month after the confirmation of
this treaty.
4. For the settlement of outstanding affairs and other civil
obligations, officially recognized unions for the protection of
debtors and for the examination of claims of lay and legal persons
belonging to the union, as well as their plenipotentiaries, are to
be mutually recognized and permitted.
Article 9. Each contracting party will immediately after the
confirmation of the peace treaty resume payment of its obligations,
especially the public debt duties to subjects of the other party.
The obligations which became due before the confirmation of the
treaty will be paid within three months after the confirmation.
Article 10. Copyrights, trade protective rights, concessions and
privileges, as well as similar claims on public legal foundations,
which have been influenced by war laws, shall be re-established, in
so far as nothing else has been stipulated in Article 12.
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