10 MAY 1919, Page 2

It is provided that Alsace-Lorraine is not to bear any

part of Germany's pre-war debts, as Germany in 1871 refused to take over the province's share of the French Debt. Similarly, Poland will not " share in certain German debts incurred for her oppression." In other respects, the ordinary rale will apply, that ceded territories bear a proportionate part of the National Debt. The Mandatory Powers will not be responsible for German debts. Germany's interests in the Near East, such as tho Baghdad Railway, and elsewhere are all to be renounced, at a valuation which will be credited to her.