A Revision of the Treaty: Being a Sequel to The Economic Consequence of the PeaceKeynes, John Maynard
History
A Revision of the Treaty: Being a Sequel to The Economic Consequence of the Peace
Keynes, John Maynard
Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Reparations
ARTICLE 6 deals with the valuation of ships surrendered under the
various Peace Treaties, and provides for the allocation of sums
received for the hire of such ships. It deals also with questions
outstanding as to the decisions taken by the Belgian Prize Courts.
Belgium receives compensation out of the shares of other Allied Powers.
ARTICLE 7 refers to the Allied cruisers, floating docks, and material
handed over under the Protocol of January 10, 1920, as compensation for
the German warships which were sunk.
ARTICLE 8 declares that the same Protocol shall apply to the proceeds
of the sale of ships and war material surrendered under the naval
clauses of the Treaty, virtually including the proceeds of naval war
material sold by the Reparation Commission.
ARTICLE 9 gives Italy an absolutely prior claim to certain specified
sums as a set–off to amounts due to her by Austria–Hungary and Bulgaria.
ARTICLE 10 reserves the rights of Poland and declares that this
Agreement shall not apply to her.
ARTICLE 11 maintains the rights of countries who lent money to Belgium
before November 11, 1918, and makes provision for repayment immediately
after satisfaction of the Belgian claim to priority in respect of
£100,000,000.
ARTICLE 12 maintains the rights of the Allied Powers to the repayment
of credits granted to ex–enemy Powers for the purposes of relief.
ARTICLE 13 reserves the question of fixing the cost of the armies of
occupation in Germany on a uniform basis for discussion with the United
States of America.
(_B_) _The Allied Note to Germany on the Subject of Coal Deliveries_
1. The German Government undertakes to place at the disposal of the
Allies, from August 1, 1920, for the ensuing six months, 2,000,000 tons
of coal per month, this figure having been approved by the Reparation
Commission.
2. The Allied Governments will credit the Reparation accounts with
the value of this coal, as far as it is delivered by rail or inland
navigation, and it will be valued at the German internal price in
accordance with Paragraph 6 (A), Annex V., Part VIII., of the Treaty of
Versailles. In addition, in consideration of the admission of the right
of the Allies to have coal of specified kind and quality delivered to
them, a premium of five gold marks, payable in cash by the party taking
delivery, shall be applied to the acquisition of foodstuffs for the
German miners.
3. During the period of the coal deliveries provided for above, the
stipulations of Paragraphs 2, 3, and 4 of the draft Control Protocol of
July 11, 1920, shall be put in force at once in the modified form of
the Annex hereto. (See below.)
4. An agreement shall be made forthwith between the Allies for
distribution of the Upper Silesian coal output by a Commission on which
Germany will be represented. This agreement shall be submitted for the
approval of the Reparation Commission.
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