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LEFT TREATY 490 TBEAT7 inutions of Austria's resources and capacity of payment resulting from the treaty. As immediate reparation, Austria shall pay during 1919, 1920, and the first four months of 1921, in such manner as pro- vided by the Reparation Commission, "a reasonable sum which shall be deter- mined by the commission." Three bonds issues shall be made — the first before May 1, 1921, without interest; the second at 2y2 per cent, in- terest between 1921 and 1926, and there- after at 5 per cent, with an additional 1 per cent, for amortization beginning in 1926, and a third at 5 per cent, when the commission is satisfied that Austria can meet the interest and sinking fund obligations. The amount shall be divided by the allied and associated Govern- ments in proportions determined upon in advance on a basis of general equity. The Austrian section of the Repara- tion Commission shall include represent- atives of the United States, Great Brit- ain, France, Italy, Greece, Poland, Ru- mania, the Serbo-Slovene State, and Czecho-Slovakia. The first four shall each appoint a delegate with two votes and the other five shall choose one dele- gate each year to represent them all. Withdrawal from the commission is per- mitted on twelve months' notice. Paragraph 9 (Financial). — The first charge upon all the assets and revenues of Austria shall be the costs arising ander the present treaty, including, in order of priority, the costs of the armies of occupation, reparations, and other charges specifically agreed to and, with certain exceptions, as granted by the Reparation Commission for payments for imports. Austria must pay the total cost of the armies of occupation from the armistice of Nov. 3, 1918, so long as maintained, and may export no gold before May 1, 1921, without con- sent of the Reparation Commission. Each of the States to which Austrian territory is transferred and each of the States arising out of the dismemberment of Austria, including the Republic of Austria, shall assume part of the Aus- trian pre-war debt specifically secured on railways, salt mines, and other prop- erty, the amount to be fixed by the Rep- aration Commission on the basis of the value of the property so transferred. Similarly, the unsecured bonded pre- war debt of the former empire shall be distributed by the Reparation Commis- sion in the proportion that the revenues for the three years before the war of the separated territory bore to those of the empire, excluding Bosnia and Herze- ^vina. No territory formerly part of the em- pire, except the Republic of Austria, shall carry with it any obligation in respect of the war debt of the former Austrian Government, but neither the Governments of those territories nor their nationals shall have recourse against any other State, including Austria, in respect of war debt bonds held within their re- spective territories by themselves or their nationals. Austria, recognizing the right of the Allies to ton-for-ton replacement of all ships lost or damaged in the war, cedes all merchant ships and fishing boats be- longing to nationals of the former em- pire, agreeing to deliver them within two months to the Reparation Commission. With a view to making good the losses in river tonnage, she agrees to deliver up 20 per cent, of her river fleet. The allied and associated powers re- quire, and Austria undertakes, that in part reparation she will devote her eco- nomic resources to the physical restora- tion of the invaded areas. Within sixty days of the coming into force of the treaty the governments concerned shall file with the Reparation Commission lists of animals, machinery, equipment, and the like destroyed by Austria which the government desire replaced in kind, and lists of the materials which they desire produced in Austria for the work of re- construction, which shall be reviewed in the light of Austria's ability to meet them. . ., As an immediate advance as to ani- mals, Austria agrees to deliver within three months after ratification of the treaty 4,000 milch cows to Italy and 1,000 each to Serbia and Rumania; 1,000 heifers to Italy, 300 to Serbia, and 500 to Rumania; 50 bulls to Italy and 25 each to Serbia and Rumania; 1,000 calves to each of the three nations; 1,000 bul- locks to Italy and 500 each to Serbia and Rumania; 2,000 sows to Italy, and 1,000 draft horses and 1,000 sheep to both Serbia and Rumania. Austria also agrees to give an option for five years as to timber, iron, and magnesite in amounts as nearly equal to th« pre-war importations as Austria's resources make possible. She renounces in favor of Italy all cables touching territories assigned to Italy, and in fa- vor of the allied and associated powers the others. Austria agrees to restore all records, documents, objects of antiquity and art, and all scientific and bibliographic ma- terial taken away from the invaded or ceded territories. She will also hand over without delay all official records of the ceded territories and all records, doou-