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Treaty of Peace with Germany: Allies

At the same time a schedule of payments to discharge the obligation within thirty years shall be presented. These payments are subject to postponement in certain contingencies. Germany irrevocably recognizes the full authority of this commission, agrees to supply it with all the necessary information and to pass legislation to effectuate its findings. She further agrees to restore to the Allies cash and certain articles which can be identified. One thousand million pounds in two years.

As an immediate step toward restoration Germany shall pay within two years one thousand million pounds sterling in either gold, goods, ships, or other specific forms of payment.