TVersailles #37 Treaty of Versailles/Part X

Retrieved from "http://en.wikisource.org/wiki/Treaty_of_Versailles/Part_X" - the Clearing Offices, in the currency and at the rate of exchange hereinafter provided in paragraph (d), and disposed of by them under the conditions provided by the said Section and Annex. The settlements provided for in this Article shall be effected according to the following principles and in accordance with the Annex to this Section: (a) Each of the High Contracting Parties shall prohibit, as from the coming into force of the present Treaty, both the payment and the acceptance of payment of such debts, and also all communications between the interested parties with regard to the settlement of the said debts otherwise than through the Clearing Offices; (b) Each of the High Contracting Parties shall be respectively responsible for the payment of such debts due by its nationals,