ENEMY PROPERTY

[Sidenote:  Damages for private property seized or injured.]

Germany shall restore or pay for all private enemy property seized or damaged by her, the amount of damages to be fixed by the mixed arbitral tribunal.  The allied and associated States may liquidate German private property within their territories as compensation for property of their nationals not restored or paid for by Germany.  For debts owed to their nationals by German nationals and for other claims against Germany, Germany is to compensate its nationals for such losses and to deliver within six months all documents relating to property held by its nationals in allied and associated States.  All war legislation as to enemy property rights and interests is confirmed and all claims by Germany against the allied or associated Governments for acts under exceptional war measures abandoned.

[Sidenote:  Pre-war contracts.]

Pre-war contracts between allied and associated nationals excepting the United States, Japan, and Brazil and German nationals are cancelled except for debts for accounts already performed.

AGREEMENTS

[Sidenote:  Disputes as to transfers of property already made.]

For the transfer of property where the property had already passed, leases of land and houses, contracts of mortgages, pledge or lien, mining concessions, contracts with governments and insurance contracts, mixed arbitral tribunals shall be established of three members, one chosen by Germany, one by the associated States and the third by agreement, or, failing which, by the President of Switzerland.  They shall have jurisdiction over all disputes as to contracts concluded before the present peace treaty.

[Sidenote:  Insurance contracts.]

Fire insurance contracts are not considered dissolved by the war, even if premiums have not been paid, but lapse at the date of the first annual premium falling due three months after the peace.  Life insurance contracts may be restored by payments of accumulated premiums with interest, sums falling due on such contracts during the war to be recoverable with interest.  Marine insurance contracts are dissolved by the outbreak of war except where the risk insured against had already been incurred.  Where the risk had not attached, premiums paid are recoverable, otherwise premiums due and sums due on losses are recoverable.  Reinsurance treaties are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.  Any allied or associated power, however, may cancel all the contracts running between its nationals and a German life insurance company, the latter being obligated to hand over the proportion of its assets attributable to such policies.

INDUSTRIAL PROPERTY