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EXHIBIT B

(Form of Bond)

THE GERMAN REICH R. M.

No. The German Reich, hereinafter called Germany, in consideration of the premises and the mutual covenants contained in an agreement dated

between it and the United States of America, hereby promises to pay to the Government of the United States of America, hereinafter called the United States, on

the sum of Reichsmarks (R. M.

-). This bond is payable at the Federal Reserve Bank of New York in gold coin of the United States of America in an amount in dollars equivalent to the amount due in reichsmarks at the average of the middle rates prevailing on the Berlin Bourse during the half monthly period preceding the date of payment.

This bond is payable without deduction for, and is exempt from, any and all taxes and other public dues, present or future, imposed by or under authority of Germany or any political or local taxing authority within Germany.

This bond is issued pursuant to the provisions of paragraph numbered 1 (b) of an Agreement dated

between Germany and the United States, to which Agreement this bond is subject and to which reference is hereby made.

In witness whereof, Germany has caused this bond to be executed on its behalf by The Reichsschuldenverwaltung and delivered at the City of Washington, District of Columbia, by its Ambassador Extraordinary and Plenipotentiary at Washington, thereunto duly authorized, as of September 1, 1929.

For THE GERMAN REICH

THE REICHSSCHULDENVERWALTUNG
Ву

President.

Member.

NOTES TO BE EXCHANGED BETWEEN GERMANY AND THE UNITED

STATES SIMULTANEOUSLY WITH EXECUTION OF THE AGREEMENT FOR THE COMPLETE AND FINAL DISCHARGE OF THE OBLIGATIONS OF GERMANY TO THE UNITED STATES WITH RESPECT TO THE AWARDS MADE BY THE MIXED CLAIMS COMMISSION, UNITED STATES AND GERMANY, AND FOR THE COSTS OF THIS GOVERNMENT'S ARMY OF OCCUPATION.

The German Government (The Government of the United States) has the honor to set forth its understanding of paragraph numbered four of the Agreement executed this day between the United States and Germany in the following sense:

(a) In respect of the acceptance by the United States of the full faith and credit of Germany as the only security and guaranty for the fulfillment of Germany's obligations under the Agreement, Germany will be in the same position as the principal debtors of the United States under the debt funding agreements which exist between them and the United States.

(6) Nothing contained therein shall be construed as requiring the United States to release any German property which it now holds other than as heretofore or hereafter authorized by the Congress of the United States.

The German Government (The Government of the United States) also desires to expressly recognize, so far as the Agreement executed this day between the United States and Germany is concerned, the prior rights of the holders of the bonds of the German External Loan as provided in the general bond securing the loan dated October 10, 1924. The United States has received the sum of R. M.

and the sum of R. M.

on account of the bonds numbered one to be delivered under paragraphs numbered 1. (a) and 1. (6) respectively of the Agreement executed this day between the United States and Germany. The receipt of these amounts will be evidenced by an endorsement by the United States on the bonds on account of which the sums were received.

The Agreement executed this day between the United States and Germany is substituted for the direct arrangement providing for the realization by the United States of its 2% per cent share in German payments under the Experts' Plan of 1924.

AMENDMENTS TO THE WORLD WAR ADJUSTED COM.

PENSATION ACT

Mar 26 (calendar day May 27), 1930.--Ordered to be printed

Mr. Smoot, from the Committee on Finance, submitted the following

REPORT

(To accompany H. R. 9804)

The Committee on Finance, to whom was referred the bill (H. R. 9804) to amend the World War adjusted compensation act, as amended, by extending the time within which applications for benefits thereunder may be filed, and for other purposes, having had the same under consideration, report it back to the Senate without amendment and recommend that the bill do pass. Following is a copy of the House report on the bill:

House Report No. 683, Seventy-first Congress, second session, The Committee on Ways and Means, to whom was referred the bill (H. R. 9804) to amend the World War adjusted compensation act, as amended, by extending the time within which applications for benefits thereunder may be filed, and for other purposes, having had the same under consideration, report it back to the House without amendment and recommend that the bill do pass.

The legislation herein recommended has three principal objects: 1. To extend for a period of five years from January 2, 1930, the time within which veterans or their dependents may file application for adjusted compensation benefits;

2. In presumption of death cases, to permit the filing of an application by the dependent of the veteran at any time during the 7-year absence of the veteran, or within one year after such period, provided such 7-year period began on or before January 2, 1935;

3. To validate certain certificates already issued by the United States Veterans' Bureau where certification of an application without signature but bearing the identified fingerprints of the veteran has been inadvertently made by the War or Navy Department, in cases where the veteran is now dead.

EXTENSION OF TIME FOR FILING APPLICATIONS When the World War adjusted compensation act was enacted it was intended that the benefits thereunder should be availed of by all eligible veterans of the World War or their dependents. For the purpose of expediting the filing of applications so that Congress would know with some degree of exactitude the expenditures required under the act, a time limit of approximately four years

SR-71-2-VOL 2- -42

was fixed within which applications could be filed. Subsequently this limit was extended two years, or until January 2, 1930.

When this latter extension was made, the veterans' organizations and Government agencies, utilizing every known means of modern communication, conducted an extensive campaign to inform veterans of the benefits to be derived from the act. As a result, it is estimated by the Veterans' Bureau that all but 465,434 veterans or their dependents had applied by January 2, 1930. Of this number, 24,634 applications, received between January 2 and February 10, 1930, are void because recrived too late. These late applications are distributed as follows: Army, 20,895; Navy, 3,432; and Marine Corps, 307.

It is apparent, therefore, that many veterans are still unaware of thelr rights under the adjusted compensation act and should not be debarred from its benefits. In order to give these men equality with those nearer the centers or information, it was deemed proper to extend the time further.

Considerable sentiment has been expressed in favor of an indefinite extension, but your committee is convinced that the great majority of those who intend to apply will have filed their applications within the next five years and that no injustice can be claimed where the closing date set (January 2, 1935) is more than 10 years after the commencement of the period for filing under the original act. Therefore, sections 1 and 2 of the bill amend sections 302, 311, 602, and 604, respectively, by changing the date of January 2, 1930, to January 2, 1935. The amendments are made to take effect "as of December 31, 1929,'" in order that the War and Navy Departments may treat as valid those applications received since January 2, 1930.

In connection with the foregoing, the following letter from the Director of the United States Veterans' Bureau explains itself:

I'NITED STATES VETERANS' BUREAU,

Washington, February 5, 1936. Hon. Willis C. HAWLEY,

House of Representatives, Washington, D. C'. My Dear MR. HAWLEY: Further reference is made to your letter of January 6, 1930, relative to the bills now pending in the House of Representatives which propose to extend the time in which applications may be made for the benefits of the World War adjusted compensation act, as amended. You request information as to the number of persons who would be benefited by such an extension of time.

In response to your inquiry, you are advised that it is estimated that about 465,434 veterans had not applied for the benefits of the World War adjusted compensation act prior to the expiration of the time for filing claims on January 2, 1930). It is estimated that the extension of t: me for filing claims to January i. 1932. would, assuming that all claims outstanding were filed within the period of this extension, involve the issuance of approximately 119.423 certificates at an sverige value of $1,013, or s tetal of $155.265.499, n. 16,011 cast payments in an amount of $3242 each, a total of $319,077, wouid be made, residing in so approximate increase in the uitimate expenditures under this regaation vi $4.3.4.5.6

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