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
Dr. Simons communicated his formal reply. He would accept the _régime_
of the Paris Decisions as fixed for the first five years, provided
Germany was helped to pay by means of a loan and retained Upper
Silesia. At the end of five years the Treaty of Versailles would
resume its authority, the provisions of which he preferred, as he was
entitled to do, to the proposals of Paris. “The question of war guilt
is to be decided neither by the Treaty, nor by acknowledgment, nor by
Sanctions; only history will be able to decide the question as to who
was responsible for the world war. We are all of us still too near to
the event.” The Sanctions threatened were, he pointed out, all of them
illegal. Germany could not be technically in default in respect of
Reparation until the Reparation Commission had made the pronouncements
due from them on May 1. The occupation of further German territory was
not lawful under the Treaty. The retention of part of the value of
German goods was contrary to undertakings given by the British and
Belgian Governments. The erection of a special Customs tariff in the
Rhineland was only permissible under Article 270 of the Treaty for
the protection of the economic interests of the Rhineland population
and not for the punishment of the whole German people in respect of
unfulfilled Treaty obligations. The arguments as to the illegality of
the Sanctions were indisputable, and Mr. Lloyd George made no attempt
to answer them. He announced that the Sanctions would be put into
operation immediately.
The rupture of the negotiations was received in Paris “with a sigh of
relief,”[11] and orders were telegraphed by Marshal Foch for his troops
to march at 7 A.M. next morning.
No new Reparation scheme, therefore, emerged from the Conference of
London. Mr. Lloyd George’s acquiescence in the Decisions of Paris had
led him too far. Some measure of personal annoyance at the demeanor of
the German representatives and the failure of what, in its inception,
may have been intended as bluff, had ended in his agreeing to an
attempt to enforce the Decisions by the invasion of Germany. The
economic penalties, whether they were legal or not, were so obviously
ineffective for the purpose of collecting money, that they can hardly
have been intended for that purpose, and were rather designed to
frighten Germany into putting her name to what she could not, and did
not intend to perform, by threatening a serious step in the direction
of the policy, openly advocated in certain French quarters, of
permanently detaching the Rhine provinces from the German Commonwealth.
The grave feature of the Conference of London lay partly in Great
Britain’s lending herself to a furtherance of this policy, and partly
in contempt for the due form and processes of law.
Public-domain text, read in full here on John Shaqi.
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