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The cost for such provides of food and uncooked material for Germany and such different funds as may be judged by the Allied and Associated Powers to be important to enable Germany to meet her obligations in respect of reparation will have precedence to the extent and upon the conditions which have been or could also be decided by the Governments of the said Powers. Germany confirms the surrender of all material 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 materials. 3) Germany undertakes to deliver, 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 price deposit constituted in the Reichsbank or elsewhere, أسعار الذهب اليوم representing the residue of the advance in price 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 deliver within one month from the date of the approaching into force of the present Treaty, to such authority because the Principal Allied and Associated Powers might designate, the sum in gold which was to be deposited in the Reichsbank in the title of the Council of the Administration of the Ottoman Public Debt as safety for the primary issue of Turkish Government currency notes.

The precise 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 force of the current 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 inside one year from the coming into drive of the present Treaty demand that the German Government grow to be possessed of any rights and pursuits of German nationals in any public utility enterprise or in any concession working in Russia, China, Turkey, Austria, Hungary and Bulgaria, or within the possessions or dependencies of those 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 beneath the present 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 pursuits the German Government might itself possess to the Reparation Commission. Such technique may take the type, inter alia, of the assumption by the facility to which the territory is ceded of Germany's liability for the German debt held by her nationals.

Germany undertakes to transfer to the Allied and Associated Powers any claims she might have to cost or repayment by the Governments of Austria, Hungary, Bulgaria or Turkey, and, in particular, any claims which can arise, now or hereafter, from the fulfilment of undertakings made by Germany throughout the warfare to those Governments. Aside from the U.S.A., all of the Allied governments were bankrupt and carried unpayable debts; all of Europe was devastated and incapable of feeding itself let alone reconstructing. Enterprises, namely, which are carried on by personal entrepreneurs by utilizing capital (money or goods with a money worth) to make a profit, buying the technique of production and selling the product, i.e. undoubted capitalistic enterprises, could at the identical time have a traditionalistic character. § 2. The substitution of gold instead of silver in a country 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 as the Reparation Commission might approve, a primary cost upon all of the property and revenues of the German Empire and its constituent States shall be the cost of reparation and all different costs arising below the present Treaty or any treaties or agreements supplementary thereto or underneath arrangements concluded between Germany and the Allied and Associated Powers through the Armistice or its extensions. Germany shall be liable 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 drive of the current Treaty, communicate to the Reparation Commission all such rights and pursuits, whether or not 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 pursuits which have not been so communicated.

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