of Baring Brothers, Morgan Grenfell,

                                                              Rothschild & Sons and J. Henry Schroder.

                                                            The role of the trustee was taken over by the

                                               Bank for International Settlements, which already managed the

                                                                              Dawes Bond and the 

                                                                          Young Bond for Germany.

                                                                             according to MOODYS 

                                                                                  still outstanding 

                                                                                       in default 
  
                                                                   (the Book is not part of the auction)