Each of the States to which Austrian territory is transferred and each of the States arising out of the dismemberment of Austria, including the Republic of Austria, shall assume part of the Aus trian pre-war debt specifically secured on railways, salt mines, and other prop erty, the amount to be fixed by the Rep aration Commission on the basis of the value of the property so transferred.
Similarly, the unsecured bonded pre war debt of the former empire shall be distributed by the Reparation Commis sion in the proportion that the revenues for the three years before the war of the separated territory bore to those of the empire, excluding Bosnia and Herze govina.
No territory formerly part of the em pire, except the Republic of Austria, shall carry with it any obligation in respect of the war debt of the former Austrian Government, but neither the Governments of those territories nor their nationals shall have recourse against any other State, including Austria, in respect of war debt bonds held within their re spective territories by themselves or their nationals.
Austria, recognizing the right of the Allies to ton-for-ton replacement of all ships lost or damaged in the war, cedes all merchant ships and fishing boats be longing to nationals of the former em pire, agreeing to deliver them within two months to the Reparation Commission. With a view to making good the losses in river tonnage, she agrees to deliver up 20 per cent. of her river fleet..
The allied and associated powers re quire, and Austria undertakes, that in part reparation she will devote her eco nomic resources to the physical restora tion of the invaded areas. Within sixty days of the coming into force of the treaty the governments concerned shall file with the Reparation Commission lists of animals, machinery, equipment, and the like destroyed by Austria which the government desire replaced in kind, and lists of the materials which they desire produced in Austria for the work of re construction, which shall be reviewed in the light of Austria's ability to meet them.
As an immediate advance as to ani mals, Austria agrees to deliver within three months after ratification of the treaty 4,000 milch cows to Italy and 1,000 each to Serbia and Rumania; 1,000 heifers to Italy, 300 to Serbia, and 500 to Rumania; 50 bulls to Italy and 25 each to Serbia and Rumania; 1,000 calves to each of the three nations; 1,000 bul locks to Italy and 500 each to Serbia and Rumania; 2,000 sows to Italy, and 1,000 draft horses and 1,000 sheep to both Serbia and Rumania.
Austria also agrees to give an option for five years as to timber, iron, and magnesite in amounts as nearly equal to the pre-war importations as Austria's resources make possible. She renounces in favor of Italy all cables touching territories assigned to Italy, and in fa vor of the allied and associated powers the others.
Austria agrees to restore all records, documents, objects of antiquity and art, and all scientific and bibliographic ma terial taken away from the invaded or ceded territories. She will also hand over without delay all official records of the ceded territories and all records, doou ments and historical material possessed by public institutions and having a di rect bearing on the history of the ceded territories which have been removed dur ing the past ten years, except that for Italy the period shall be from 1861.
As to artistic archaeological, scientific cr historic objects formerly belonging to the Austro-Hungarian Government or Crown, Austria agrees to negotiate with the State concerned for an amicable ar rangement for the return to the districts of origin on terms of reciprocity of any object which ought to form part of the intellectual patrimony of the ceded dis tricts, and for twenty years to safe guard all other such objects for the free use of students.
The war debt held outside the former empire shall be a charge on the Re public cf Austria alone. All war se curities shall be stamped within two months with the stamp of the State tak ing them up, replaced by certificates, and settlement made to the Reparation Commission.
The currency notes of the former Aus tro-Hungarian Bank circulating in the separated territory shall be stamped within two months by the new govern ments of the various territories with their own stamp, replaced within twelve months by a new currency, and turned over within twelve months to the Repara tion Commission. The bank itself shall be liquidated as from the day after the signature of the treaty by the Repara tion Commission.