Note 89 — Chapter IV
Reading edition
“Germany undertakes ... to make reimbursement of all sums which Belgium has borrowed from the Allies and Associated Governments up to November 11, 1918, together with interest at the rate of 5 per cent per annum on such sums.” The priority for this repayment arranged at Spa is a little different from the procedure contemplated in the Treaty, which provided for repayment not later than May 1, 1926.