The Economic Consequences of the PeaceKeynes, John Maynard
History
The Economic Consequences of the Peace
Keynes, John Maynard
Economic history -- 1918-1945; Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Economic aspects
[68] Arts. 332-337. Exception may be taken, however, to the
second paragraph of Art. 332, which allows the vessels of other nations
to trade between German towns but forbids German vessels to trade
between non-German towns except with special permission; and Art. 333,
which prohibits Germany from making use of her river system as a source
of revenue, may be injudicious.
[69] The Niemen and the Moselle are to be similarly treated at
a later date if required.
[70] Art. 338.
[71] Art. 344. This is with particular reference to the Elbe
and the Oder; the Danube and the Rhine are dealt with in relation to the
existing Commissions.
[72] Art. 339.
[73] Art. 357.
[74] Art. 358. Germany is, however, to be allowed some payment
or credit in respect of power so taken by France.
[75] Art. 66.
CHAPTER V
REPARATION
I. _Undertakings given prior to the Peace Negotiations_
The categories of damage in respect of which the Allies were entitled to
ask for Reparation are governed by the relevant passages in President
Wilson's Fourteen Points of January 8, 1918, as modified by the Allied
Governments in their qualifying Note, the text of which the President
formally communicated to the German Government as the basis of peace on
November 5, 1918. These passages have been quoted in full at the
beginning of Chapter IV. That is to say, "compensation will be made by
Germany for all damage done to the civilian population of the Allies and
to their property by the aggression of Germany by land, by sea, and from
the air." The limiting quality of this sentence is reinforced by the
passage in the President's speech before Congress on February 11, 1918
(the terms of this speech being an express part of the contract with the
enemy), that there shall be "no contributions" and "no punitive
damages."
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