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MANY SHIPS CONFISCATED.

A LONG MORTGAGE

/(Received May.. B,' 11 a.m.) • LONDON, May S

The "Daily Telegraph's" Paris correspondent says: The financial terms .impose on Germany payment of the total amount of war damages. Anlnterr Allied Commission will consider .modifications in the method of pay.ment, but the; amount is unalterable. The Commission reports payment .must be made within 30 years, thus the whole of Germany's existing po- ; .ten.tial wealth is mortgaged to the A.l-: lies for the purposes of indemnity. .; The terms contain stringent shipping! clauses, the Allies confiscating all ships' over sixteen thousand tons, half the ships between one thousand and sixiteen hundred,.one fourth of the trawlers and fishing boats. The confiscated shipping must be handed over within *few© months. The Treaty compels .bbc

German shipyards to work for the benefit of the Allies.

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https://paperspast.natlib.govt.nz/newspapers/AG19190508.2.19.4

Bibliographic details

MANY SHIPS CONFISCATED., Ashburton Guardian, Volume XXXIX, Issue 9604, 8 May 1919

Word Count
135

MANY SHIPS CONFISCATED. Ashburton Guardian, Volume XXXIX, Issue 9604, 8 May 1919

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