Economic clauses in general similar to those in German treaty. Austria given access to Adriatic.
Austria must abandon all financial claims against signatories.
Treaty to become operative when signed by Austria and three of the principal powers.
On July 21, an amplified treaty with Austria-Hungary taking up matters omitted from the first paper was given to the delegates from that country. A summary of the articles follows:
Arrangements for reparation.
In addition to the published summary of the terms of June 2, the new clauses provide for reparation arrangements very similar to those in the treaty with Germany, including the establishment of an Austrian subsection of the Reparations Commission, the payment of a reasonable sum in cash, the issuing of bonds, and the delivery of livestock and certain historical and art documents.
The financial terms provide that the Austrian pre-war debt shall be apportioned among the former parts of Austria, and that the Austrian coinage and war bonds, circulating in the separated territory, shall be taken up by the new governments and redeemed as they see fit.
Under the military terms the Austrian army is henceforth reduced to 30,000 men on a purely voluntary basis.
Universal military service to be abolished.
Paragraph 5, relating to the military situation, says that the Austrian army shall not exceed 30,000 men, including officers and depot troops. Within three months the Austrian military forces shall be reduced to this number, universal military service abolished and voluntary enlistment substituted as part of the plan "to render possible the initiation of a general limitation of armaments of all nations."