(a) As to half in the proportions mentioned in Article 1.
(b) As to the other half, Italy shall receive 40 per cent, while 60 per cent is reserved for Greece, Rumania, and the Serbo–Croat–Slovene State and other Powers entitled to reparations but not signatories of the Agreement.
Article 3 provides that the Allied Governments shall adopt measures to facilitate if necessary the issue by Germany of loans destined for the internal requirements of that country and to the prompt discharge of the German debt to the Allies.
Article 4 deals in detail with the keeping of accounts by the Reparation Commission.
Article 5 secures to Belgium her priority of £100,000,000 gold and enumerates the securities affected by such priority.[113]
Article 6 deals with the valuation of ships surrendered under the various Peace Treaties, and provides for the allocation of sums received for the hire of such ships. It deals also with questions outstanding as to the decisions taken by the Belgian Prize Courts. Belgium receives compensation out of the shares of other Allied Powers.
Article 7 refers to the Allied cruisers, floating docks, and material handed over under the Protocol of January 10, 1920, as compensation for the German warships which were sunk.
Article 8 declares that the same Protocol shall apply to the proceeds of the sale of ships and war material surrendered under the naval clauses of the Treaty, virtually including the proceeds of naval war material sold by the Reparation Commission.
Article 9 gives Italy an absolutely prior claim to certain specified sums as a set–off to amounts due to her by Austria–Hungary and Bulgaria.
Article 10 reserves the rights of Poland and declares that this Agreement shall not apply to her.