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
For it was impossible to defend the legality of the occupation
of the three towns under the Treaty of Versailles.[12] Mr. Lloyd
George endeavored to do so in the House of Commons, but at a later
stage of the debate the contention was virtually abandoned by the
Attorney–General.
The object of the Allies was to compel Germany to accept the Decisions
of Paris. But Germany’s refusal to accept these proposals was within
her rights and not contrary to the Treaty, since they lay outside the
Treaty and included features unauthorized by the Treaty which Germany
was at liberty either to accept or to reject. It was necessary,
therefore, for the Allies to find some other pretext. Their effort in
this direction was perfunctory, and consisted, as already recorded, in
a vague reference to war criminals, disarmament, and the payment of 20
milliard gold marks.
The allegation of default in paying the 20 milliard gold marks was
manifestly untenable at that date (March 7, 1921); for according to
the Treaty, Germany had to pay this sum by May 1, 1921, “in such
instalments and in such manner as the Reparation Commission may fix,”
and in March 1921 the Reparation Commission had not yet demanded these
cash payments.[13] But assuming that there had been technical default
in respect of the war criminals and disarmament (and the original
provisions of the Treaty had been so constantly modified that it was
very difficult to say to what extent this was the case), it was our
duty to state our charges precisely, and, if penalties were threatened,
to make these penalties dependent on a failure to meet our charges. We
were not entitled to make vague charges, and then threaten penalties
unless Germany agreed to something which had nothing to do with the
charges. The Ultimatum of March 7 substituted for the Treaty the
intermittent application of force in exaction of varying demands. For
whenever Germany was involved in a technical breach of any one part
of the Treaty, the Allies were, apparently, to consider themselves
entitled to make any changes they saw fit in any other part of the
Treaty.
In any case the invasion of Germany beyond the Rhine was not a lawful
act under the Treaty. This question became of even greater importance
in the following month, when the French announced their intention of
occupying the Ruhr. The legal issue is discussed in Excursus II. at the
conclusion of this Chapter.
VI. _The Second Conference of London_ (_April_ 29–_May_ 5, 1921)
The next two months were stormy. The Sanctions embittered the situation
in Germany without producing any symptoms of surrender in the German
Government. Towards the end of March the latter sought the intervention
of the United States and transmitted a new counter–proposal through the
Government of that country. In addition to being straightforward and
more precise, this offer was materially better than that of Dr. Simons
in London at the beginning of the month. The chief provisions[14] were
as follows:
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