These eighteen categories included only the movable property of the A. E. F. There were still to be considered the fixed installations--the barracks, camps, hospitals, warehouses, docks, railroad yards, buildings of almost every conceivable type. Judge Parker, the chairman of the Commission, cabled to France, before he sailed for Europe, a direction that the installations be inventoried and appraised. This work was first undertaken by Colonel Graham, who later, after he took charge of the inventory of movables, was succeeded by Brigadier General Edgar Jadwin, whose subsequent appraisal was known as the Jadwin Report. It showed the war cost of construction to have been $165,661,000, the normal cost $81,543,000, and the armistice value $39,256,000. As a matter of fact, any sum obtainable for the installations was clear gain, since the salvage value of the structures would not have paid the cost of dismantling (assuming that this work would have required the labor of 40,000 men for seven months), the ground rentals, and the costs of restoring the sites to their original condition. [Illustration: _Photo by Howard E. Coffin_ WRECK OF COAL MINE AT LENS] [Illustration: _Photo by Signal Corps_ MOTOR TRANSPORT SALVAGE IN FRANCE] Then arose the determination of the “utilization value” of the movable stocks. This was estimated by taking the war cost of production, plus the cost of freighting the goods to France, and subtracting various estimated allowances--for natural deterioration, for expected losses from fire, theft, and other causes, for the saving to the United States in costs of merchandizing, labor, storage, insurance, interest on investment, and other overhead expense obviated by a possible bulk sale, for the fact that the stocks were widely scattered and had to be collected to be of use. The Commission consolidated these subtractions into a lump deduction of 25 per cent of the estimated value. Thus determined, the utilization value of both installations and movables was set at $562,230,800; and this was the figure carried by the Commission into the negotiations with the French. [Illustration: _From a photograph taken in France_ INTERALLIED PURCHASERS Left to right: Louis Loucheur, French Minister of Munitions; Winston Churchill, British Minister of Munitions; David Lloyd-George, Prime Minister of England; and Bernard M. Baruch, Chairman of the War Industries Board. ]