20      THE PARIS PEACE CONFERENCE, 1919, VOLUME V
the recipient power at a fair value at the time of delivery. The "ton
for ton" and other analogous principles being adopted.
8. Each of the Allied Powers interested will receive out of each
payment as and when it is made by the enemy a rateable share in pro-
portion to its losses above mentioned.
9. In order to enable the Allied and Associated Powers to proceed
at once to the restoration of their industries and economic life pend-
ing the full determination of their claims, Germany shall pay in such
instalments and in such manner (whether in gold, securities, commodi-
ties or ships as they may fix) in 1919 and 1920 the equivalent of £1,000,-
000,000 sterling to include a due provision for the maintenance of
the Armies of Occupation and for indispensable supplies of food.
10. This scheme will be developed along the above lines in further
discussion.
(29.3.19)