The fee for such supplies 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 allow Germany to fulfill her obligations in respect of reparation will have priority to the extent and upon the conditions which have been or could also be determined 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 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 might 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 deliver inside one month from the date of the coming 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 within the name of the Council of the Administration of the Ottoman Public Debt as security for the first issue of Turkish Government foreign money notes.

The correct of every of the Allied and Associated Powers to dispose of enemy assets and property inside its jurisdiction at the date of the coming into force of the present Treaty is 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 within one yr from the coming into power of the present Treaty demand that the German Government become possessed of any rights and pursuits of German nationals in any public utility endeavor or in any concession working in Russia, China, Turkey, Austria, Hungary and Bulgaria, or in the possessions or dependencies of these 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 current Treaty, and should require that the German Government transfer, inside six months of the date of demand, all such rights and interests and any similar rights and interests the German Government could itself possess to the Reparation Commission. Such method may take the kind, 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 must payment 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 through the struggle to these Governments. Apart 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, specifically, that are carried on by personal entrepreneurs by using capital (money or items with a money worth) to make a profit, buying the technique of production and promoting the product, i.e. undoubted capitalistic enterprises, may at the same 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 temporary bimetallism and later to gold monometallism.

Subject to such exceptions as 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 gold of reparation and all other costs arising beneath the present Treaty or any treaties or agreements supplementary thereto or under preparations concluded between Germany and the Allied and Associated Powers throughout the Armistice or its extensions. Germany shall be accountable for indemnifying her nationals so dispossessed, and the Reparation Commission shall credit score 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 coming into pressure of the current Treaty, talk to the Reparation Commission all such rights and interests, whether or not 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 pursuits which have not been so communicated.

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