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
It is difficult to keep distinct the series of a dozen discussions
between the Premiers of the Allied Powers which occupied the year from
April 1920 to April 1921. The result of each Conference was generally
abortive, but the total effect was cumulative; and by gradual stages
the project of revising the Treaty gained ground in every quarter. The
Conferences furnish an extraordinary example of Mr. Lloyd George’s
methods. At each of them he pushed the French as far as he could, but
not as far as he wanted; and then came home to acclaim the settlement
provisionally reached (and destined to be changed a month later) as an
expression of complete accord between himself and his French colleague,
as a nearly perfect embodiment of wisdom, and as a settlement which
Germany would be well advised to accept as final, adding about every
third time that, if she did not, he would support the invasion of
her territory. As time went on, his reputation with the French was
not improved; yet he steadily gained his object,—though this may be
ascribed not to the superiority of the method as such, but to facts
being implacably on his side.
The first of the series, the Conference of San Remo (April 19–26,
1920), was held under the presidency of the Italian Premier, Signor
Nitti, who did not conceal his desire to revise the Treaty. M.
Millerand stood, of course, for its integrity, whilst Mr. Lloyd George
(according to _The Times_ of that date) occupied a middle position.
Since it was evident that the French would not then accept any new
formula, Mr. Lloyd George concentrated his forces on arranging for a
discussion face to face between the Supreme Council and the German
Government, such a meeting, extraordinary to relate, having never yet
been arranged, neither during the Peace Conference nor afterwards.
Defeated in a proposal to invite German representatives to San Remo
forthwith, he succeeded in carrying a decision to summon them to
visit Spa in the following month “for the discussion of the practical
application of the Reparation Clauses.” This was the first step; and
for the rest the Conference contented itself with a Declaration on
German Disarmament. Mr. Lloyd George had had to concede to M. Millerand
that the integrity of the Treaty should be maintained; but speaking in
the House of Commons on his return home, he admitted a preference for a
not “too literal” interpretation of it.
In May the Premiers met in privacy at Hythe to consider their course
at Spa. The notion of the sliding scale, which was to play a great
part in the Paris Decisions and the Second Ultimatum of London, now
came definitely on the carpet. A Committee of Experts was appointed to
prepare for examination a scheme by which Germany should pay a certain
minimum sum each year, supplemented by further sums in accordance with
her capacity. This opened the way for new ideas, but no agreement was
yet in sight as to actual figures. Meantime the Spa Conference was put
off for a month.
Public-domain text, read in full here on John Shaqi.
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