International Finance and Its ReorganizationE.P. Dutton, 1922 - 702 páginas |
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Términos y frases comunes
abroad advances American amount annual April Argentina armistice assets August balance Bank of England Bank of France belligerents bonds borrowing Britain British budget burden cancellation capital levy cent Central Powers Commerce cost debt charges December declined deficit deposits depreciation direct taxes discount economic effect estimated Europe excess of imports exchange rates expenditures exports Federal Reserve figures Finance fiscal floating debt foreign exchange Frankfurter Zeitung French funds Germany gold marks income tax increase indemnity industrial inflation investments Italy January July June liabilities London Economist March ment million dollars million francs moratorium Napoleonic Wars national wealth neutral countries note circulation note issues paper money parity payment peace period pounds sterling pre-war production profits public debt purchase ratio reduced Reichsbank reparation result revenue Russia securities short-term sterling taxation tion trade treasury bills United war bonds York
Pasajes populares
Página 579 - The Allied and Associated Governments affirm and Germany accepts the responsibility of Germany and her allies for causing all the loss and damage to which the Allied and Associated Governments and their nationals have been subjected as a consequence of the war imposed upon them by the aggression of Germany and her allies.
Página 579 - The measures which the Allied and Associated Powers shall have the right to take, in case of voluntary default by Germany, and which Germany agrees not to regard as acts of war, may include economic and financial prohibitions and reprisals and in general such other measures as the respective Governments may determine to be necessary in the circumstances.
Página 579 - Compensation may be claimed from Germany under Article 232 above in respect of the total damage under the following categories : (1) Damage to injured persons and to surviving dependents by personal injury to or death of civilians caused by acts of war...
Página 579 - ... German system of taxation, first, to the end that the sums for reparation which Germany is required to pay shall become a charge upon all her revenues prior to that for the service or discharge of any domestic loan, and secondly, so as to satisfy itself that, in general, the German scheme of taxation is fully as heavy proportionately as that of any of the Powers represented on the Commission.
Página 579 - Commission, restitution in cash of cash taken away, seized or sequestrated, and also restitution of animals, objects of every nature and securities taken away, seized or sequestrated, in the cases in which it proves possible to identify them in territory belonging to Germany or her allies.
Página 616 - Attempts to limit fluctuations in Exchange by imposing artificial control on Exchange operations are futile and mischievous. In so far as they are effective they falsify the market, tend to remove natural correctives to such fluctuations and interfere with free dealings in forward Exchange which are so necessary to enable traders to eliminate from their calculations a margin to cover risk of exchange, which would otherwise contribute to the rise in prices.
Página 579 - Commission, to be called the Reparation Commission and constituted in the form and with the powers set forth hereunder and in Annexes II to VII inclusive hereto. This Commission shall consider the claims and give to the German Government a just opportunity to be heard. The findings of the Commission as to the amount of damage defined as above shall be concluded and notified to the German Government on or before May 1, 1921, as representing the extent of that Government's obligations.
Página 611 - The statements presented to the Conference show that, on an average, some 20 per cent of the national expenditure is still being devoted to the maintenance of armaments and the preparations for war. The Conference desires to affirm with the utmost emphasis that the world cannot afford this expenditure.
Página 579 - ... provided always that the value of the property transferred and any services rendered by her under these Annexes, assessed in the manner therein prescribed, shall be credited to her towards liquidation of her obligations under the above Articles.
Página 23 - Such was the origin of that debt which has since become the greatest prodigy that ever perplexed the sagacity and confounded the pride of statesmen and philosophers. At every stage in the growth of that debt the nation has set up the same cry of anguish and despair. At every stage...