rom the date of the armistice as long as they are maintained in German
territory, this cost to be a first charge after making such provisions
for payments for imports as the Allies may deem necessary. Germany is to
deliver to the allied and associated powers all sums deposited in
Germany by Turkey and Austria-Hungary in connection with the financial
support extended by her to them during the war, and to transfer to the
Allies all claims against Austria-Hungary, Bulgaria, or Turkey in
connection with agreements made during the war. Germany confirms the
renunciation of the treaties of Bucharest and Brest-Litovsk.

TRADE AND COMMERCE REGULATED

"Customs--For a period of six months Germany shall impose no tariff
duties higher than the lowest in force in 1914, and for certain
agricultural products, wines, vegetables, oils, artificial silk, and
washed or scoured wool this restriction obtains for two and a half
years, or for five years unless further extended by the league of
nations.

"Germany must give most favored nation treatment to the allied and
associated powers. She shall impose no customs tariff for five years on
goods originating in Alsace-Loraine and for three years on goods
originating in former German territory ceded to Poland with the right of
observation of a similar exception for Luxemburg.

"Ships of the allied and associated powers shall for five years, and
thereafter under condition of reciprocity, unless the league of nations
otherwise decides, enjoy the same rights in German ports as German
vessels and have most favored nation treatment in fishing, coasting
trade, and towage, even in territorial waters. Ships of a country having
no sea coast may be registered at some one place within its territory.

FREEDOM OF TRANSIT

"Germany must grant freedom of transit through her territories by mail
or water to persons, goods, ships, carriages and mails from or to any of
the allied or associated powers without customs or transit duties, undue
delays, restrictions or discriminations based on nationality, means of
transport or place of entry or departure. Goods in transit shall be
assured all possible speed of journey, especially perishable goods.
Germany may not divert traffic from its normal course in favor of her
own transport routes or maintain "control stations" in connection with
transmigration traffic. She may not establish any tax discrimination
against the ports of allied or associated powers, must g