There is a great difference between putting down on paper fancy estimates of Germany's resources and actually extracting contributions in the form of cash.

I do not myself believe that the Reparation Commission will secure real resources from the above items by May, 1921, even as great as the _lower_ of the two figures given above.
[125] The Treaty (see Art.

114) leaves it very dubious how far the Danish Government is under an obligation to make payments to the Reparation Commission in respect of its acquisition of Schleswig.

They might, for instance, arrange for various offsets such as the value of the mark notes held by the inhabitants of ceded areas.

In any case the amount of money involved is quite small.