Home › Treaty of Peace with Germany › Treaty of Peace with Germany: Commission

Treaty of Peace with Germany: Commission

The Commission may require Germany to give from time to time by way of guarantee, issues of bonds or other obligations to cover such claims as are not otherwise satisfied. In this connection and on account of the total amount of claims, bond issues are presently to be required of Germany in acknowledgment of its debt as follows: 20,000,000,000 marks gold, payable not later than May 1, 1921, without interest; 40,000,000,000 marks gold bearing 2 1/2 per cent interest between 1921 and 1926, and thereafter 5 per cent, with a 1 per cent sinking fund payment beginning 1926: and an undertaking to deliver 40,000,000,000 marks gold bonds bearing interest at 5 percent, under terms to be fixed by the Commission.