The Third Year of the Dawes Plan

Archive Report

The Agent General for Reparation Payments, Mr. S. Parker Gilbert, announced on September 1 that, with the payment of 55 million Reich marks by the German Railway Company, Germany had completed regularly and punctually the payments for the third year under the Dawes Plan except for a balance of 20 millions on account of the transport tax not due until September 15. This payment was duly met on that date. The payments for the third year amounted to 1500 million Reich marks.

The first two years of the Plan may be regarded as years of stabilization and reconstruction while the third and fourth years, with their increased payments and larger contributions from the budget, form a transition period to the fifth year, which is a ...

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