World War, 1914-1918 -- Reparations; World War, 1914-1918 -- Treaties
6. The payments will continue for a period of thirty years, or longer
if by that time the debt is not extinguished.
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. This commission must decide what Germany
can pay each year, and must see that her payments, added to the
budget, fall upon her taxpayers at least to the extent of the allied
country most heavily taxed. Its decisions shall be carried out
immediately and receive immediate application, without any other
formality. The commission can effect all the changes deemed necessary
in the German laws and regulations, as well as all the sanctions,
whether of a financial, economic or military nature arising from
established violations of the clauses put under its control. And
Germany is obliged not to consider these "sanctions" as hostile acts.
In order to guarantee the payments an inter-allied army--in reality
a Franco-Belgian army--occupies the left bank of the Rhine, and is
stationed at the bridgeheads. Germany is completely helpless, and has
lost all the features of a sovereign State inasmuch as she is subject
to "controls" in a way that Turkey never was. In modern history we can
find no parallel for this state of things. These are conditions
which alter the very bases of civilization and the relations between
peoples. Such procedure has been unknown in Europe for centuries.
The public has become accustomed in certain countries to consider
responsible for the War not the government that wished it or the
German people, but the future generations. Thus the indemnities are
to be paid--were such conditions possible--in thirty years and for at
least twenty years afterwards by people still unborn at the time of
the War. This cursing of the guilty people has no parallel in modern
history. We must go back to the early ages of humanity to find
anything of the kind.
Public-domain text, read in full here on John Shaqi.
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