240) has, however, been issued, in which is published a declaration by the Governments of the United States, Great Britain, and France engaging themselves to limit the sum payable annually by Germany to cover the cost of occupation to $60,000,000 "as soon as the Allied and Associated Powers _concerned_ are convinced that the conditions of disarmament by Germany are being satisfactorily fulfilled." The word which I have italicized is a little significant.

The three Powers reserve to themselves the liberty to modify this arrangement at any time if they agree that it is necessary.
[111] Art.235.The force of this Article is somewhat strengthened by Article 251, by virtue of which dispensations may also be granted for "other payments" as well as for food and raw material.
[112] This is the effect of Para.

12 (_c_) of Annex II.

of the Reparation Chapter, leaving minor complications on one side.

The Treaty fixes the payments in terms of _gold marks_, which are converted in the above rate of 20 to $5.
[113] If, _per impossibile_, Germany discharged $2,500,000,000 in cash or kind by 1921, her annual payments would be at the rate of $312,500,000 from 1921 to 1925 and of $750,000,000 thereafter.
[114] Para.