For the purpose of this article the property and possessions of the German Empire and of the German States shall be deemed to include all the property of the crown, the empire or the States and the private property of the former German Emperor and other royal personages.

ARTICLE 258.—Germany renounces all rights accorded to her or her nationals by treaties, conventions or agreements, of whatsoever kind, to representation upon or participation in the control or administration of commissions, state banks, agencies or other financial or economic organizations of an international character, exercising powers of control or administration, and operating in any of the Allied or Associated States, or in Austria, Hungary, Bulgaria or Turkey, or in the dependencies of these States, or in the former Russian Empire.

ARTICLE 259.—

  1. Germany agrees to deliver within one month from the date of the coming into force of the present treaty, to such authority as the principal Allied and Associated Powers may designate, the sum in gold which was to be deposited in the Reichsbank in the name of the Council of the Administration of the Ottoman Public Debt as security for the first issue of Turkish Government currency notes.
  2. Germany recognizes her obligation to make annually for the period of twelve years the payments in gold for which provision is made in the German Treasury bonds deposited by her from time to time in the name of the Council of the Administration of the Ottoman Public Debt as security for the second and subsequent issues of Turkish Government currency notes.
  3. Germany undertakes to deliver, within one month from the coming into force of the present treaty, to such authority as the principal Allied and Associated Powers may designate, the deposit gold constituted in the Reichsbank or elsewhere, representing the residue of the advance in gold agreed to on the 5th of May, 1915, by the Council of the Administration of the Ottoman Public Debt to the Imperial Ottoman Government.
  4. Germany agrees to transfer to the principal Allied and Associated Powers any title that she may have to the sum in gold and silver transmitted by her to the Turkish Ministry of Finance in November, 1918, in anticipation of the payment to be made in May, 1919, for the service of the Turkish internal loan.
  5. Germany undertakes to transfer to the principal Allied and Associated Powers within a period of one month from the coming into force of the present treaty, any sums in gold transferred as pledge or as collateral security to the German Government or its nationals in connection with loans made by them to the Austro-Hungarian Government.
  6. Without prejudice to Article 292 of Part X. (economic clauses) of the present treaty, Germany confirms the renunciation provided for in Article XV. of the armistice convention of the 11th November, 1918, of any benefit disclosed by the treaties of Bucharest and of Brest-Litovsk, and by the treaties supplementary thereto.
  7. Germany undertakes to transfer, either to Rumania or to the principal Allied and Associated Powers, as the case may be, all monetary instruments, specie, securities and negotiable instruments or goods which she has received under the aforesaid treaties.
  8. The sums of money and all securities, instruments and goods of whatever nature, to be delivered, paid and transferred under the provisions of this article, shall be disposed of by the principal Allied and Associated Powers in a manner hereafter to be determined by these powers.

ARTICLE 260.—Without prejudice to the renunciation of any rights by Germany on behalf of herself or of her nationals in the other provisions of the present treaty, the Reparation Commission may, within one year from the coming into force of the present treaty, demand that the German Government become possessed of any rights and interests of the German nationals in any public utility undertaking or in any concession operating in Russia, China, Turkey, Austria, Hungary, and Bulgaria, or in the possessions or dependencies of these States or in any territory formerly belonging to Germany or her allies, to be ceded by Germany or her allies to any power, or to be administered by a mandatary under the present treaty, and may require that the German Government transfer, within six months of the date of demand, all such rights and interests and any similar rights and interests the German Government may itself possess, to the Reparation Commission.

Germany shall be responsible for indemnifying her nationals so dispossessed and the Reparation Commission shall credit Germany on account of sums due for reparation with such sums in respect of the value of the transferred rights and interests as may be assessed by the Reparation Commission, and the German Government shall, within six months from the coming into force of the present treaty, communicate to the Reparation Commission all such rights and interests, whether already granted, contingent, or not yet exercised, and shall renounce on behalf of itself and its nationals in favor of the Allied and Associated Powers all such rights and interests which have not been so communicated.

ARTICLE 261.—Germany undertakes to transfer to the Allied and Associated Powers any claims she may have to payment or repayment by the Governments of Austria, Hungary, Bulgaria, Turkey, and, in particular any claims which may arise, now or hereafter, from the fulfillment of undertakings made by Germany during the war to those Governments.

ARTICLE 262.—Any monetary obligation due by Germany arising out of the present treaty and expressed in terms of gold marks shall be payable at the option of the creditors in pounds sterling payable in London; gold dollars of the United States of America payable in New York; gold francs payable in Paris, or gold lire payable in Rome.

For the purpose of this article, the gold coins mentioned above shall be defined as being of the weight and fineness of gold as enacted by law on the 1st January, 1914.

ARTICLE 263.—Germany gives a guarantee to the Brazilian Government that all sums representing the sale of coffee belonging to the State of Sao Paolo in the Ports of Hamburg, Bremen, Antwerp, and Trieste, which were deposited with the Bank of the Bleichröder at Berlin, shall be reimbursed, together with interest at the rate or rates agreed upon.