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The fee for such provides of meals and uncooked material for Germany and such different payments as could also be judged by the Allied and Associated Powers to be essential to enable Germany to meet her obligations in respect of reparation will have priority to the extent and upon the situations which have been or may be determined by the Governments of the mentioned Powers. Germany confirms the surrender of all materials handed over to the Allied and Associated Powers in accordance with the Armistice of November 11, 1918, and subsequent Armistice Agreements, and recognizes the title of the Allied and Associated Powers to such materials. 3) Germany undertakes to ship, within one month from the coming into pressure of the present Treaty, to such authority because the Principal Allied and Associated Powers may designate, the gold deposit constituted in the Reichsbank or elsewhere, representing the residue of the advance in gold agreed to on May 5, 1915, by the Council of the Administration of the Ottoman Public Debt to the Imperial Ottoman Government. 1) Germany agrees to ship within one month from the date of the coming into drive of the current Treaty, to such authority as the Principal Allied and Associated Powers could designate, the sum in gold which was to be deposited within the Reichsbank within the name of the Council of the Administration of the Ottoman Public Debt as safety for the first challenge of Turkish Government currency notes.

The fitting of every of the Allied and Associated Powers to dispose of enemy belongings and property within its jurisdiction on the date of the approaching into pressure of the present Treaty isn't affected by the foregoing provisions. Without prejudice to the renunciation of any rights by Germany on behalf of herself or of her nationals in the other provisions of the current Treaty, the Reparation Commission may within one yr from the approaching into power of the current Treaty demand that the German Government change into possessed of any rights and pursuits of German nationals in any public utility undertaking or in any concession working in Russia, China, Turkey, Austria, Hungary and Bulgaria, or within the possessions or dependencies of these States or in any territory previously belonging to Germany or her allies, to be ceded by Germany or her allies to any Power or to be administered by a Mandatory underneath the current Treaty, and may require that the German Government transfer, within six months of the date of demand, all such rights and pursuits and any comparable rights and interests the German Government might itself possess to the Reparation Commission. Such technique may take the form, inter alia, of the assumption by the ability to which the territory is ceded of Germany's legal responsibility for the German debt held by her nationals.

Germany undertakes to transfer to the Allied and Associated Powers any claims she might should fee or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, particularly, any claims which may come up, now or hereafter, from the fulfilment of undertakings made by Germany through the conflict to those Governments. Other than the U.S.A., all the Allied governments have been bankrupt and carried unpayable debts; all of Europe was devastated and incapable of feeding itself not to mention reconstructing. Enterprises, specifically, which are carried on by non-public entrepreneurs by using capital (cash or goods with a cash value) to make a revenue, buying the technique of manufacturing and promoting the product, i.e. undoubted capitalistic enterprises, might at the same time have a traditionalistic character. § 2. The substitution of gold as a substitute of silver in a country like Germany which had a single silver medium was carried out by a path which led first to non permanent bimetallism and later to gold monometallism.

Subject to such exceptions as the Reparation Commission could approve, a first cost upon all the assets and revenues of the German Empire and its constituent States shall be the cost of reparation and all other costs arising underneath the present Treaty or any treaties or agreements supplementary thereto or under arrangements concluded between Germany and the Allied and Associated Powers during the Armistice or its extensions. Germany shall be chargeable for indemnifying her nationals so dispossessed, and the Reparation Commission shall credit Germany, on account of sums due for reparation, with such sums in respect of the worth of the transferred rights and interests as could also be assessed by the Reparation Commission, and the German Government shall inside six months from the coming into force of the current Treaty, communicate to the Reparation Commission all such rights and interests, whether already granted, contingent or not yet exercised, and shall renounce on behalf of itself and its nationals in favour of the Allied and Associated Powers all such rights and interests which haven't been so communicated.

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