World's War Events $v Volume 3: Beginning with the departure of the first American destroyers for service abroad in April, 1917, and closing with the treaties of peace in 1919.
History
World's War Events $v Volume 3: Beginning with the departure of the first American destroyers for service abroad in April, 1917, and closing with the treaties of peace in 1919.
World War, 1914-1918
Within three months the armament of the Austrian army must be reduced
according to detailed schedules, and all surplus surrendered. The
manufacture of all war material shall be confined to one single factory
under the control of the State, and other such establishments shall be
closed or converted. Importation and exportation of arms, munitions and
war materials of all kinds are forbidden.
[Sidenote: Compensation for damage to civilians.]
Paragraph 8 (on reparation) reads, in substance: The allied and
associated Governments affirm, and Austria accepts, the responsibility
of Austria and her allies for causing loss and damage to which the
allied and associated Governments and their nationals have been
subjected as a consequence of the war imposed upon them by the
aggression of Austria and her allies. While recognizing that Austria's
resources will not be adequate to make complete reparation, the allied
and associated Governments request, and Austria undertakes, that she
will make compensation for damage done to civilians and their property,
in accordance with categories of damages similar to those provided in
the treaty with Germany.
The amount of damage is to be determined by the Reparation Commission
provided for in the treaty with Germany, which is to have a special
section to handle the Austrian situation. The commission will notify
Austria before May 1, 1921, of the extent of her liabilities and of the
schedule of payments for the discharge thereof during a period of thirty
years. It will bear in mind the diminutions of Austria's resources and
capacity of payment resulting from the treaty.
As immediate reparation, Austria shall pay during 1919, 1920, and the
first four months of 1921, in such manner as provided by the Reparation
Commission, "a reasonable sum which shall be determined by the
commission."
[Sidenote: Bond issues to be made.]
Three bond issues shall be made--the first before May 1, 1921, without
interest; the second at 2-1/2 per cent. interest between 1921 and 1926,
and thereafter at 5 per cent., with an additional 1 per cent. for
amortization beginning in 1926, and a third at 5 per cent, when the
commission is satisfied that Austria can meet the interest and sinking
fund obligations. The amount shall be divided by the allied and
associated Governments in proportions determined upon in advance on a
basis of general equity.
[Sidenote: Representatives of the Reparation Commission.]
The Austrian section of the Reparation Commission shall include
representatives of the United States, Great Britain, France, Italy,
Greece, Poland, Rumania, the Serbo-Slovene State, and Czecho-Slovakia.
The first four shall each appoint a delegate with two votes, and the
other five shall choose one delegate each year to represent them all.
Withdrawal from the commission is permitted on twelve months' notice.
[Sidenote: To pay cost of armies of occupation.]
Public-domain text, read in full here on John Shaqi.
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