The payment for such provides of meals and uncooked materials for Germany and such different funds as could also be judged by the Allied and Associated Powers to be essential to allow Germany to fulfill her obligations in respect of reparation can have precedence to the extent and upon the situations which have been or may be decided by the Governments of the said 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 acknowledges the title of the Allied and Associated Powers to such material. 3) Germany undertakes to deliver, inside one month from the coming into drive of the present Treaty, to such authority as the Principal Allied and Associated Powers could designate, the gold deposit constituted within 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 inside one month from the date of the approaching into force of the present Treaty, to such authority as the Principal Allied and Associated Powers may designate, the sum in gold which was to be deposited in the Reichsbank in the name of the Council of the Administration of the Ottoman Public Debt as security for the primary problem of Turkish Government forex notes.

The correct of each of the Allied and Associated Powers to dispose of enemy property and property inside its jurisdiction at the date of the coming into power of the current Treaty is just not 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 opposite provisions of the present Treaty, the Reparation Commission could inside one year from the approaching into force of the current Treaty demand that the German Government turn out to be possessed of any rights and pursuits of German nationals in any public utility undertaking or in any concession operating in Russia, China, Turkey, Austria, Hungary and Bulgaria, or in the possessions or gold price now dependencies of those States or in any territory formerly belonging to Germany or her allies, to be ceded by Germany or her allies to any Power or to be administered by a Mandatory beneath the present Treaty, and will require that the German Government switch, inside six months of the date of demand, all such rights and pursuits and any related rights and interests the German Government may itself possess to the Reparation Commission. Such methodology may take the type, inter alia, of the assumption by the facility to which the territory is ceded of Germany's legal responsibility for the German debt held by her nationals.

Germany undertakes to switch to the Allied and Associated Powers any claims she may have to cost or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, specifically, any claims which can come up, now or hereafter, from the fulfilment of undertakings made by Germany during the struggle to these Governments. Aside from 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 let alone reconstructing. Enterprises, particularly, which are carried on by non-public entrepreneurs by utilizing capital (cash or goods with a money value) to make a profit, buying the technique of manufacturing and selling the product, i.e. undoubted capitalistic enterprises, might at the same time have a traditionalistic character. § 2. The substitution of gold price as an alternative of silver in a rustic like Germany which had a single silver medium was carried out by a path which led first to momentary bimetallism and later to gold monometallism.

Subject to such exceptions because the Reparation Commission may approve, a first charge upon all the belongings and revenues of the German Empire and its constituent States shall be the price of reparation and all other prices arising underneath the current 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 answerable 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 value of the transferred rights and pursuits as could also be assessed by the Reparation Commission, and the German Government shall inside six months from the approaching into power of the current Treaty, talk to the Reparation Commission all such rights and pursuits, whether already granted, contingent or not but 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 have not been so communicated.

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