X. Service of the Reich's Treasury

a) The Managing Board is authorised to make advances from time to time to the Reich, but the amount outstanding at any one time shall never exceed 100 million marks. Such advances shall, in no case, be for a longer period than three months and in no case shall the Reich be indebted to the Bank at the end of the Bank's financial year, which shall coincide with that of the Reich. In considération of thèse facilities, tbe Reich and its Treasury shall conduct ail their domestic -and foreign banking business through the médium of the Bank.

790 Commission des Réparations.

b) The Managing Board shall also be empowered to grant advances to the Post Office and the Railways for reasonable auiounts on condition that tbese organisations shall entrust the Bank, except in so far as the Bank might modify this condition, with the whole of their Treasury Service; but the total amount of loans outstanding to the Post Office and the Railways together shall never exceed *200 million gold marks.