Report of the Agent General for Reparation Payments

From World War I Document Archive
Jump to: navigation, search

<!doctype html public "-//w3c//dtd html 4.0 transitional//en"> <html> <head>

  <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
  <meta name="GENERATOR" content="Mozilla/4.7 (Macintosh; I; PPC) [Netscape]">
  <title>Report of the Agent General for Reparations Payments, June 10, 1927. Contents.</title>

</head> <body bgcolor="#FFFFFF">

REPORT OF

THE
AGENT GENERAL
FOR
REPARATION PAYMENTS

[S. PARKER GILBERT]

June 10, 1927


BERLIN
Richard B. Wigglesworth


Assistant to the Agent General
for Reparations Payments
33 Luisenstrasse, Berlin


18, Rue de Tilsitt, Paris
[above business card found in book]



.



<a NAME="TC"></a>Table of Contents.

Introduction

I. The Administration of the Plan

<a href="repar1.htm#1a">a. </a>The Payment of Reparations by

Germany

<a href="repar1.htm#1a1">1. </a>The Composition of the Payments


<a href="repar1.htm#1a2">2. </a>Payments on Account of the Third Annuity


<a href="repar1.htm#1a3">3. </a>The Arrangements for the Fourth Annuity

<a href="repar1.htm#1b">b. </a>The Distribution of the Annuity

<a href="repar1.htm#1b1">1. </a>The Basis of Distribution


<a href="repar1.htm#1b2">2. </a>The Agent General's Receipts and Payments
<a href="repar1.htm#1b3">3. </a>The Use of the Funds by the Creditor

Powers

<a href="repar1.htm#1c">c. </a>The Management of the Annuity

<a href="repar1.htm#1c1">1. </a>Regulation of Programmes


<a href="repar1.htm#1c2">2. </a>Settlement of Old Accounts


<a href="repar1.htm#1c3">3. </a>Administrative Organization

<a href="repar1.htm#1d">d. </a>Arbitration Proceedings



<a href="repar1.htm#1e">e. </a>The German External Loan, 1924

<a href="repar2.htm">II. The Transfer Committee</a>

<a href="repar2.htm#2a">a.</a> Summary of Transfer Operations


<a href="repar2.htm#2b">b.</a> Development of Deliveries in Kind


<a href="repar2.htm#2c">c.</a> The German Railway and Industrial Bonds

<a href="repar3.htm">III. The Work of the Commissioners and Trustees</a>

<a href="repar3.htm#3a">a.</a> The Commissioner of the Reichsbank


<a href="repar3.htm#3b">b.</a> The Commissioner for the German Railways
<a href="repar3.htm#3c">c.</a> The Commissioner of Controlled Revenues
<a href="repar3.htm#3d">d.</a> The Trustee for the German Railway Bonds
<a href="repar3.htm#3e">e.</a> The Trustee for the German Industrial

Debentures

<a href="repar4a.htm">IV. The German Budget</a>

<a href="repar4a.htm#4a">a.</a> The Interest of the Experts'

Plan in the German Budget

<a href="repar4a.htm#4b">b.</a> The Budget of the Reich

<a href="repar4a.htm#4b1">1.</a> Comparative Budget Statements



<a href="repar4a.htm#4b2">2.</a> Explanation of the Budget Statements

<a href="repar4a.htm#4b2a">(a)</a> The division between the

ordinary and extraordinary budgets
<a href="repar4a.htm#4b2b">(b)</a> Transfers from year to year
<a href="repar4a.htm#4b2c">(c)</a> Non-recurrent expenditures


<a href="repar4a.htm#4b2d">(d)</a> Transactions in the public debt

<a href="repar4b.htm#4b3">3.</a> Detailed Analysis of the Budget Statements

<a href="repar4b.htm#4b3a">(a)</a> Revenues
<a href="repar4b.htm#4b3a1">(1)</a> Income, corporation and

turnover taxes, etc
<a href="repar4b.htm#4b3a2">(2)</a> Customs and taxes on consumption, etc. .


<a href="repar4b.htm#4b3a3">(3)</a> Administrative and other revenues

<a href="repar4b.htm#4b3b">(b)</a> Expenditures

<a href="repar4b.htm#4b3b1">(1)</a> Payments to the States

and communes
<a href="repar4b.htm#4b3b2">(2)</a> General administrative expenditures
<a href="repar4b.htm#4b3b3">(3)</a> Unemployment relief
<a href="repar4b.htm#4b3b4">(4)</a> Payments in respect of the revalorized debt


<a href="repar4b.htm#4b3b5">(5)</a> Investments, loans, etc .

<a href="repar4c.htm#4b4">4.</a> Observations on the Budget of the Reich

<a href="repar4c.htm#4b4a">(a)</a> General observations


<a href="repar4c.htm#4b4b">(b)</a> Financial relations with the States and communes
<a href="repar4c.htm#4b4c">(c)</a> The extraordinary budget and the programme of borrowing
<a href="repar4c.htm#4b4d">(d)</a> Obscurity of accounts and budgetary

practice

<a href="repar4c.htm#4c">c.</a> The Budgets of the States and Communes

<a href="repar4c.htm#4c1">1.</a> General Observations
<a href="repar4c.htm#4c2">2.</a> The Budget of the State of Prussia

<a href="repar5.htm">V. The German Public Debt</a>

<a href="repar5.htm#5a">a.</a> The Public Debt of the Reich
<a href="repar5.htm#5a1">1.</a> Statement of the Public Debt
<a href="repar5.htm#5a2">2.</a> Revaluation of Paper Mark Loans
<a href="repar5.htm#5b">b.</a> The Public Debts of the States and Communes

<a href="repar6.htm">VI. German Credit Conditions and the Currency</a>

<a href="repar6.htm#6a">a.</a> Credit Conditions, November,

1926, to May, 1927

<a href="repar6.htm#6a1">1.</a> Position of the Reichsbank
<a href="repar6.htm#6a1a">(a)</a> Limitation of foreign credits


<a href="repar6.htm#6a1b">(b)</a> The outflow of funds
<a href="repar6.htm#6a1c">(c)</a> Effects of the outflow of funds


<a href="repar6.htm#6a1d">(d)</a> Reichsbank credit policy

<a href="repar6.htm#6a2">2.</a> The Administration of the Public Funds

<a href="repar6.htm#6a2a">(a)</a> The Reich Loan, 1927


<a href="repar6.htm#6a2b">(b)</a> Funds of public and quasi-public enterprises **


<a href="repar6.htm#6a2c">(c)</a> The Gold Discount Bank

<a href="repar6.htm#6a3">3.</a> Volume of Credit

<a href="repar6.htm#6a2a">(a)</a> Capital issues


<a href="repar6.htm#6a2b">(b)</a> Private bank credit
<a href="repar6.htm#6a2c">(c)</a> Public bank credit


<a href="repar6.htm#6a2d">(d)</a> Savings
<a href="repar6.htm#6b">b.</a> The German Currency

<a href="repar7.htm">VII. Germany's Foreign Trade</a>

<a href="repar7.htm#7a">a.</a> The Trade Balance
<a href="repar7.htm#7b">b.</a> Detailed Analysis of Imports and Exports

<a href="repar8.htm">VIII. German Business Conditions</a>

<a href="repar8.htm#8a">a.</a> Phases of Readjustment
<a href="repar8.htm#8a1">1.</a> Commercial Failures and Liquidations
<a href="repar8.htm#8a2">2..</a> Unemployment

<a href="repar8.htm#8b">b.</a> Physical Volume of Production

<a href="repar8.htm#8b1">1.</a> Coal and Lignite


<a href="repar8.htm#8b2">2.</a> Iron and Steel
<a href="repar8.htm#8b3">3.</a> Textiles


<a href="repar8.htm#8b4">4.</a> Potash

<a href="repar8.htm#8c">c.</a> Agricultural Yield

<a href="repar8.htm#8d">d.</a> Housing Conditions and Building Activity

<a href="repar8.htm#8e">e.</a> Domestic Trade

<a href="repar8.htm#8e1">1.</a> Railway Traffic


<a href="repar8.htm#8e2">2.</a> Clearings
<a href="repar8.htm#8e3">3.</a> Turnover Tax Returns


<a href="repar8.htm#8e4">4.</a> Post Office Transactions

<a href="repar8.htm#8f">f.</a> Consumption

<a href="repar8.htm#8g">g.</a> Wages



<a href="repar8.htm#8h">h.</a> Prices

<a href="repar9.htm">IX. Conclusions</a>

.

<a href="repar9.htm#ex">Exhibits</a>.



<a href="images/exhibit1.gif">I</a>. Composition of the German Annuity under the Experts' Plan

<a href="exh2-4.htm#exhibit2">II</a>. Revised Distribution of Second Annuity, showing Shares of the Respective Powers

<a href="exh2-4.htm#exhibit3">III</a>. Revised Distribution of Third Annuity, showing Shares of the Respective Powers

<a href="exh2-4.htm#exhibit4">IV</a>. Balance Sheet of the Agent General for Reparation Payments, as of May 31, 1927

<a href="exh5-6.htm#exhibit5">V</a>. Statement showing Receipts and Payments of the Agent General for Reparation Payments during the Period September 1, 1926-May 31, 1927

<a href="exh5-6.htm#exhibit6">VI</a>. Distribution among the Powers of Amounts Available for Expenditure during the Period September 1, 1926-May 31, 1927

<a href="exh7-9.htm#exhibit7">VII</a>. Analysis of Payments and Accounts Payable for the Period September 1, 1926-May 31, 1927, according to Category of Expenditure

<a href="exh7-9.htm#exhibit8">VIII</a>. Summary of Personnel, as of May 31, 1927

<a href="exh7-9.htm#exhibit9">IX</a>. Statement

of Condition of German External Loan, 1924, as of April 15, 1927

<a href="repar1.htm"><img SRC="2b.gif" BORDER=0 NATURALSIZEFLAG="3" height=24 width=25 align=CENTER></a><a href="repar1.htm">Introduction and Chapter One</a>

</body> </html>