Anhang. 
„23 
Die Prospekte der Dawesanleihe. 
1, Der ameril nische Prospekt. 
$ 110,000,000 
German External Loan 1924 
SEVEN PER CENT. GOLD BONDS 
Dated October 15, 1924 Due October 15, 1949 
Interest payable April 15 and October 15 
Non-Redeemable Prior to Maturity, Except for the Sinking Fund 
Sinking Fund, for this issue, $4,620,000 a year, payable monthly, beginning 
November 15, 1924; sufficient to retire annually one-twentyfifth of the issue 
at 105% 
Bonds to be retired through the Sinking Fund by purchase, if obtainable 
at or below 105% and accrued interest, or if not so obtainable, by redemp- 
tion by lot at 105% and accrued interest, such acerued interest in either case 
to be paid otherwise than out of the Sinking Fund, The Bonds are to be 
redeemable for the Sinking Fund on October 15 of each year. commencing 
October 15, 1925, 
Coupon Bonds in denominations of $1,000, $500 and $100 
Principal and interest payable in New York City at the office of 
J. P. Morgan & Co. in United States gold coin of the present standard of 
weight and fineness, without deduetion for any German taxes, present or 
future. 
Doctor Luther, Finance Minister of Germany, has prepared, and the 
Reparation Commission and Owen D. Young, Agent-General for Reparation 
Payments, have approved, the following summary from his statement dated 
October 10, 1924, printed within: 
THE LOAN These Bonds are part of an International Loan to be 
issued for the purpose of carrying into effect the 
Plan of the First Committee of Experts appointed by the Reparation 
Commission, for the double purpose of ensuring currency stability in 
Germany and of financing, especially, deliveries in kind during the 
preliminary period of economic rehabilitation. The Loan is to be 
issued in Great Britain, France, Italy, Switzerland, Holland, Belgium, 
Sweden, Germany and the United States of America, in bonds of 
various Currencies, and for an amount estimated to be sufficient to 
yield in the aggregate a net sum equivalent, at current rates of 
exchange, to approximately 800,000,000 Gold Marks (approximately 
$190,400,000). 
SECURITY The service of interest and amortization of the Loan is: 
(1) A direct and unconditional obligation of the German 
Government chargeable on all the assets and revenues 
of that Government, 
(2) A specific first charge on all payments provided for 
under the Dawes Plan to or for the account of the