Louvain Germany is
to hand over manuscripts, early printed books, prints, &c., to the
equivalent of those destroyed.

[Sidenote: Belgian works of art.]

In addition to the above Germany is to hand over to Belgium wings, now
in Berlin, belonging to the altar piece of "The Adoration of the Lamb,"
by Hubert and Jan van Eyck, the center of which is now in the Church of
St. Bavon at Ghent, and the wings, now in Berlin and Munich, of the
altar piece of "The Last Supper," by Dirk Bouts, the center of which
belongs to the Church of St. Peter at Louvain.

FINANCE

[Sidenote: The pre-war debts of Alsace.]

[Sidenote: German debts not to be assumed by mandatory powers.]

Powers to which German territory is ceded will assume a certain portion
of the German pre-war debt, the amount to be fixed by the Reparations
Commission on the basis of the ratio between the revenue and of the
ceded territory and Germany's total revenues for the three years
preceding the war. In view, however, of the special circumstances under
which Alsace-Lorraine was separated from France in 1871, when Germany
refused to accept any part of the French public debt, France will not
assume any part of Germany's pre-war debt there, nor will Poland share
in certain German debts incurred for the oppression of Poland. If the
value of the German public property in ceded territory exceeds the
amount of debt assumed, the States to which property is ceded will give
credit on reparation for the excess, with the exception of
Alsace-Lorraine. Mandatory powers will not assume any German debts or
give any credit for German Government property. Germany renounces all
right of representation on, or control of, State banks, commissions, or
other similar international financial and economic organizations.

[Sidenote: Germany to pay cost of armies of occupation.]

Germany is required to pay the total cost of the armies of occupation
from the date of the armistice as long as they are maintained in German
territory, this cost to be a first charge on her resources. The cost of
reparation is the next charge, after making such provisions for payments
for imports as the Allies may deem necessary.

[Sidenote: Funds deposited by Turkey and Austria-Hungary.]

Germany is to deliver to the allied and associated powers all sums
deposited in Germany by Turkey and Austria-Hungary in connection with
the financial support extended by her to them during the war, and to
transfer to the A