XVII. The Reichsbank

a) If the présent plan is put into exécution by means of the transformation of the Reichsbank, the latter shall redeem the outstanding circulating notes in its new notes, at the rate of one billion (1,000,000,000,000) marks to one (1) gold mark. The old notes shall be immediately withdrawn from circulation and cancelled.

b) The Reichsbank, in case it is continued, shall meet the same reserve requirements against the outstanding notes which it undertakes to exchange, in accordance with the provisions of paragraph a of this section, as are required to be held against bank notes outstanding by Section XIII of this plan.

c) If the Reichsbank is to be liquidated, this opération will be carried out by the new Bank which would be then set up, and which would hâve to assume responsibility for, or itseif carry out, the exchanges provided for in paragraphs a and b above.