A Revision of the Treaty: Being a Sequel to The Economic Consequence of the Peace — John Shaqi
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
[2] More exactly, out of 1,220,000 entitled to vote and 1,186,000
actual voters, 707,000 votes or seven–elevenths were cast for Germany,
and 479,000 votes or four–elevenths for Poland. Out of 1522 communes,
844 showed a majority for Germany and 678 for Poland. The Polish voters
were mainly rural, as is shown by the fact that in 36 towns Germany
polled 267,000 votes against 70,000 for Poland, and in the country
440,000 votes against 409,000 for Poland.
[3] Up to May 31, 1920, securities and other identifiable assets to
the value of 8300 million francs and 500,000 tons of machinery and raw
material had been restored to France (_Report of Finance Commission of
French Chamber_, June 14, 1920), also 445,000 head of live stock.
[4] Up to May, 1921, the _cash_ receipts of the Reparation Commission
amounted to no more than 124,000,000 gold marks.
[5] See Excursus VI.
[6] Lord D’Abernon and Sir John Bradbury for Great Britain, Seydoux and
Cheysson for France, d’Amelio and Giannini for Italy, Delacroix and
Lepreux for Belgium, and, in accordance with custom, two Japanese. The
German representatives included Bergmann, Havenstein, Cuno, Melchior,
von Stauss, Bonn, and Schroeder.
[7] The text of these Decisions is given in Appendix No. 2.
[8] The full text is given in Appendix No. 4.
[9] Compare this with the fixed payment of $500,000,000 and an export
proportion of 26 per cent proposed in the second Ultimatum of London,
only two months later.
[10] _The Times_, March 8, 1921.
[11] _The Times_, March 8, 1921.
[12] A week or two later the German Government made a formal appeal to
the League of Nations against the legality of this act; but I am not
aware that the League took any action on it.
[13] A few weeks later the Reparation Commission endeavored to put the
action of the Supreme Council in order, by demanding one milliard marks
in gold ($250,000,000), that is to say, the greater part of the reserve
of the Reichsbank against its note issue. This demand was afterwards
dropped.
[14] The full text is given in Appendix No. 5.
[15] The practicability of such a loan on a large scale is of course
more than doubtful.
[16] The German Government is reported also to have offered,
alternatively, to accept any sum which the President of the United
States might fix.
[17] After the enforcement of the Sanctions and the failure of the
counter–proposals, the Cabinet of Herr Fehrenbach and Dr. Simons was
succeeded by that of Dr. Wirth.
[18] As late as January 26, 1921, M. Doumer gave a forecast of 240
milliards.
[19] Exclusive of sums due in repayment of war loans made to Belgium.
[20] Exclusive of sums due in repayment of war loans made to Belgium.
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