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
Paragraph 9, (Financial.)--The first charge upon all the assets and
revenues of Austria shall be the costs arising under the present treaty,
including, in order of priority, the costs of the armies of occupation,
reparations, and other charges specifically agreed to and, with certain
exceptions, as granted by the Reparation Commission for payments for
imports. Austria must pay the total cost of the armies of occupation
from the armistice of November 3, 1918, so long as maintained, and may
export no gold before May 1, 1921, without consent of the Reparation
Commission.
Each of the States to which Austrian territory is transferred and each
of the States arising out of the dismemberment of Austria, including the
Republic of Austria, shall assume part of the Austrian pre-war debt
specifically secured on railways, salt mines, and other property, the
amount to be fixed by the Reparation Commission on the basis of the
value of the property so transferred.
[Sidenote: The pre-war debt.]
Similarly, the unsecured bonded pre-war debt of the former empire shall
be distributed by the Reparation Commission in the proportion that the
revenues for the three years before the war of the separated territory
bore to those of the empire, excluding Bosnia and Herzegovina.
No territory formerly part of the empire, except the Republic of
Austria, shall carry with it any obligation in respect of the war debt
of the former Austrian Government, but neither the Governments of those
territories nor their nationals shall have recourse against any other
State, including Austria, in respect of war debt bonds held within their
respective territories by themselves or their nationals.
[Sidenote: Replacement of ships lost by the Allies.]
Austria, recognizing the right of the Allies to ton-for-ton replacement
of all ships lost or damaged in the war, cedes all merchant ships and
fishing boats belonging to nationals of the former empire, agreeing to
deliver them within two months to the Reparation Commission. With a view
to making good the losses in river tonnage, she agrees to deliver up 20
per cent. of her river fleet.
[Sidenote: Restoration of devastated areas.]
The allied and associated powers require, and Austria undertakes, that
in part reparation she will devote her economic resources to the
physical restoration of the invaded areas. Within sixty days of the
coming into force of the treaty the governments concerned shall file
with the Reparation Commission lists of animals, machinery, equipment,
and the like destroyed by Austria which the governments desire replaced
in kind, and lists of the materials which they desire produced in
Austria for the work of reconstruction, which shall be reviewed in the
light of Austria's ability to meet them.
[Sidenote: Animals to be delivered.]
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