REPORT OF THE AGENT GENERAL
FOR REPARATION PAYMENTS
BERLIN, June 10, 1927

Exhibit V Statement showing Receipts and Payments of the Agent General for Reparation Payments during the Period September 1, 1926, to May 31, 1927.
Receipts	Gold Marks		Payments	Gold Marks	Gold Marks
I. In completion of Second Annuity:			V. Allied Powers:
(a) Transport Tax	8,095,425.61		(a) France:
(b) Railway Reparation Bonds --- Interest received from Deutsche Reichsbahn Gesellschaft	45,000,000.--		1. Marks supplied to army of occupation	19,495,803.66
II. On account of Third Annuity:			2. Furnishings to army under Arts. 8-12 of Rhineland Agreement	17,675,705.91
(a) Normal Budgetary Contribution	82,500,000.--		3. Reparation Recovery Act	49,678,406.22
(b) Supplementary Budgetary Contribution	160,800,000.--		4. Deliveries of coal. coke and lignite	136,302,359.57
(c) Transport Tax	202,500,000.--		5. Transport of coal, coke and lignite	15,297,382.99
(d) Railway Reparation Bonds --- Interest received from Deutsche Reichsbahn Gesellschaft	360,000,000.--		6. Deliveries of dyestuffs and pharmaceutical products	2,171,081.30
(e) Industrial Debentures --- Interest received from Bank for Industrial Debentures	125,000,000.--		7. Deliveries of chemical fertilisers and nitrogenous products	34,124,246.54
III. Interest received	1,916,182.39		8. Deliveries of coal by-products	2,372,605.90
Total receipts	985,811,608.--		9. Deliveries of refractory earths	112,879.56
IV. Bank balances and other funds available upon demand at September 1, 1926	93,626,074.81		10. Deliveries of agricultural products	5,987,210.79
			11. Deliveries of timber	17,768,179.86
			12. Deliveries of sugar	4,111,825.10
			13. Miscellaneous deliveries	49,639,744.55
			14. Miscellaneous payments	703,033.07
			15. Cash transfers:
			(i) Settlement of balances owing for deliveries made or services rendered by the German Government prior to September 1. 1924	286,584.56
			(ii) In foreign currencies	56,706,576.62	412,433,626.20
			(b) British Empire:
			1. Marks supplied to army of occupation	9,251,680.02
			2. Furnishings to army under Arts. 8-12 of Rhineland Agreement	5,448,961.65
			3. Reparation Recovery Act	164,696,936.51
			4. Miscellaneous payments	15,849.41
			5. Cash transfers:
			(i) Settlement of balances owing for deliveries made or services rendered by the German Government prior to September 1, 1924	35,022.76
			(ii) In foreign currencies	23,618,021.21	203,066,471.56
			(c) Italy:
			1. Deliveries of coal and coke	32,806,354.01
			2. Transport of coal and coke	9,913,121.31
			3. Deliveries of dyestuffs and pharmaceutical products	2,456,285.16
			4. Deliveries of coal by-products	2,332,234.47
			5. Miscellaneous deliveries	8,481,720.75
			6. Miscellaneous payments	47,725.54
			7. Cash transfers in foreign currencies	8,005,245.61	64,042,686.85
			(d) Belgium:
			1. Marks supplied to army of occupation	49,874.57
			2. Furnishings to army under Arts. 8-12 of Rhineland Agreement	2,610,661.88
			3. Deliveries of coal. coke and lignite	902,933.61
			4. Transport of coal, coke and lignite	433,719.54
			5. Deliveries of dyestuffs and pharmaceutical products	4,346,260.71
			6. Deliveries of chemical fertilisers and nitrogenous products	7,513,117.08
			7. Deliveries of coal by-products	252,907.01
			8. Deliveries of timber	2,070,896.29
			9. Miscellaneous deliveries	21,398,940.29
			10. Miscellaneous payments	11,252.68
			11. Cash transfers:
			(i) Settlement of balances owing for deliveries made or services rendered by the German Government prior to September 1, 1924	115,483.79
			(ii) In foreign currencies	6,217,629.71	45,923,677.16
			(e) Serb- Croat- Slovene State:
			1. Deliveries of pharmaceutical products	99,962.82
			2. Miscellaneous deliveries	331,374,263.10
			3. Miscellaneous payments	171,073.47	31,645,299.39
			(f) United States of America:
			1. Deliveries under agreement	31,748,432.93
			2. Cash transfers in foreign currencies	37,117,878.49	68,866,311.42
			(g) Rumania:
			1. Miscellaneous deliveries	6,381,175.87
			2. Miscellaneous payments	5,098.83
			3. Cash transfers in foreign currencies	950,621.57	7,336,896.27
			(h) Japan:
			1. Deliveries of chemical fertilisers and nitrogenous products	2,744,673.51
			2. Miscellaneous deliveries	2,771,504.49
			3. Cash transfers in foreign currencies	640,318.39	6,156,496.39
			(i) Portugal:
			I. Miscellaneous deliveries	4,581,146.62
			2. Cash transfers in foreign currencies	326,173.51	4,907,320.13
			(j) Greece:
			1. Miscellaneous deliveries		2,868,786.09
			(k) Poland:
			1. Deliveries of agricultural products	151,209.87
			2. Miscellaneous payments	12,219.12
			3. Cash transfers:
			(i) Settlement of balances owing, for deliveries made or services rendered by the German Government prior to September 1, 1924	22,491.05
			(ii) In foreign currencies	16,007.80	201,927.84
			Total in respect of Powers		847,449,499.30
			VI. Service of German External Loan 1924		66,466,086.34
			VII. Inter-Allied Commissions:
			1. Reparation Commission	1,968,603.81
			2. Office for Reparation Payments	2,630,507.64
			3. Inter-Allied Rhineland High Commission	2,168,054.74
			4. Military Inter-Allied Commission of Control	1,234,084.41	8,001,250.60
			VIII. Costs of arbitral bodies .		66.729.14
			IX. Discount on payments received from Deutsche Reichsbahn Gesellschaft in advance of due date		5,128,076.64
			X. Loss in exchange		778,368.20
			Total payments		927,890,010.22
			XI. Bank balances and other funds available upon demand at May 31, 1927		151,547,672.59
Total	1,079,437,682.81		Total		1,079,437,682.81

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Exhibit VI. Distribution among the Powers of Amounts available for Expenditure during the Period September 1, 1926, to May 31, 1927.
	Amounts available September 1, 1926 to May 31, 1927		Total payments September 1, 1926 to May 31, 1927	Accounts payable at May 31, 1927		Total payments and accounts payable at May 31, 1927	Powers' Balance at May 31, 1927
							Funds allocated and uncovered by payments or accounts payable
	Gold Marks	Gold Marks		Gold Marks	Gold Marks		Funds committed under approved contracts Gold Marks	Funds uncommitted Gold Marks	Funds unallocated Gold Marks
1. France	516,686,618.31	412,433,626.20		26,748,357.69	439,181,983.89		43,168,161.06.	34,336,473.36	---
2. British Empire	204,241,999.56	203,066,471.56		1,070,245.78	204,136,717.34		---	105,282.22	---
3. Italy	74,398,011.56	64,042,686 85		3,418,662.28	67,461,349.13		1,120,674.40	5,815,988.03	---
4. Belgium	72,161,200.13	45,923,677.16		4,977,188.37	50,900,865.53		5,285,522.40	15,974,812.20	---
5. Serb-Croat-Slovene State	37,736,867.85	31,645,299.39		481,137.86	32,126,437.25		5,416,679.65	193,750.95	---
6. United States of America	68,887,941.78	68,866,311.42		---	68,866,311.42		---	21,630.36	---
7. Rumania	8,284,286.92	7,336,896.27		754,522.84	8,091,419.11		135,460.--	57,407.81	---
8. Japan	9,826,286.23	6,156,496.39		31,893.09	6,188,389.48		---	3,637,896.75	---
9. Portugal	5,425,846.78	4,907,320.13		354,489.91	5,261,810.04		128,348.19	35,688.55	---
10. Greece	2,921,944.40	2,868,786.09		---	2,868,786.09		880.--	52,278.31	---
11. Poland	229,188.63	201,92784		---	201,927.84		---	27,260.79	---
Totals in respect of Powers	1,000,800,192.15	847,449,499.30		37,836,497.82	885,285,997.12		55,255,725.70	60,258,469.33	---
12. Service of German External Loan 1924	63,095,413.23	66,466,086.34		Cr. 3,867,092.49	62,598,993.85		---	---	496,419.38
13. Inter-Allied Commissions:
(a) Reparation Commission	2,135,628.69	1,968,603.81		---	1,968,603.81		---	---	167,024.88
(b) Office for Reparation Payments	2,630,482.79	2,630,507.64		---	2,630,507.64		---	---	Dr. 24.85
(c) Inter-Allied Rhineland High Commission	2,643,323.63	2,168,054.74		---	2,168,054.74		---	---	475,268.89
(d) Military Inter-Allied Commission of Control	1,300,178.74	1,234,084.41		---	1,234,084.41		---	---	66,094.33
14. Costs of arbitral bodies	16,821.43	66,729.14		---	66,729.14		---	---	Dr. 49,907.71
15. Discount on payments received from Deutsche Reichsbahn Gesellschaft in of due date	5,127,899.83	5,128,076.64		---	5,128,076.64		---	---	Dr 176.81
	1,077,749,940.49	927,111,642.02		Dr. 37,836,497.82 Cr. 3,867,092.49	961,081,047.35		55,255,725.70	60,258,469.33	1,154,698.11
Funds unallocated:
(a) Annuity funds accrued but not-due	194,200,000.--	---		---	---		---	---	194,200,000.--
(b) Incidental items:	---
1. Interest received	1,265,300.34}
2. Interest accrued	268,736.98}	---		---	---		---	---	1,534,037.32
3. Loss in exchange	Dr. 355,926.22	---		---	---		---	---	Dr. 355,926.22
Totals	1,273,128,051.59	927,111,642.02		Dr. 37,836,497.82 Cr. 3,867,092.49	961,081,047.35		55,255,725.70	60,258,469.33	196,532,809.21
The foregoing total is made up as follows:
(a) Second Annuity-balance unexpended at September 1, 1926:
1. Bank balances and other funds available upon demand	93,626,074.81
2. Annuity funds accrued but not due	53,095,425.61
3. Interest accrued	161,801.22
(b) Third Annuity:
1. Proportion accrued to May 31, 1927	1,125,000,000.--
2. Interest earned	2,023,118.15
3. Loss in exchange	Dr. 778,368.20
Total as above	1,273,128,051.59

Exhibit VII.

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