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
5. The Commission, on which the Germans shall be represented, shall
meet forthwith at Essen. Its purpose shall be to seek means by which
the conditions of life among the miners with regard to food and
clothing can be improved, with a view to the better working of the
mines.
6. The Allied Governments declare their readiness to make advances
to Germany equal in amount to the difference between the price paid
under Paragraph 2 above, and the export price of German coal, f.o.b.
in German ports, or the English export price, f.o.b. in English ports,
whichever may be the lowest, as laid down in Paragraph VI. (B) of
Annex V., Part VIII., of the Treaty of Versailles. These advances
shall be made in accordance with Articles 235 and 251 of the Treaty of
Versailles. They shall enjoy an absolute priority over all other Allied
claims on Germany. The advances shall be made at the end of each month,
in accordance with the number of tons delivered and the average f.o.b.
price of coal during the period. Advances on account shall be made by
the Allies at the end of the first month, without waiting for exact
figures.
7. If by November 15, 1920, it is ascertained that the total deliveries
for August, September, and October 1920 have not reached 6,000,000
tons, the Allies will proceed to the occupation of a further portion of
German territory, either the region of the Ruhr or some other.
_Annex_
1. A permanent delegation of the Reparation Commission will be set up
at Berlin, whose mission will be to satisfy itself by the following
means that the deliveries of coal to the Allies provided for under the
Agreement of July 15, 1920, shall be carried out: The programmes for
the general distribution of output, with details of origin and kind,
on the one hand, and the orders given to ensure deliveries to the
Allied Powers on the other hand, shall be drawn up by the responsible
German authorities and submitted by them for the approval of the said
delegation a reasonable time before their despatch to the executive
bodies responsible for their execution.
2. No modification in the said programme which may involve a reduction
in the amount of the deliveries to the Allies shall be put into effect
without prior approval of the Delegation of the Reparation Commission
in Berlin.
3. The Reparation Commission, to which the German Government must
periodically report the execution by the competent bodies of the orders
for deliveries to the Allies, will notify to the interested Powers any
infraction of the principles adopted herein.
II. THE PARIS DECISIONS,[114] JANUARY 29, 1921
1. In satisfaction of the obligations laid on her by Articles 231 and
232 of the Treaty of Versailles, Germany shall pay, apart from the
restitutions which she must effect in conformity with Article 238 and
all obligations under the Treaty:
(1) Fixed annuities, payable in equal instalments at the end of each
six months, as follows:
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