[The Economic Consequences of the Peace by John Maynard Keynes]@TWC D-Link book
The Economic Consequences of the Peace

CHAPTER V
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of the Reparation Chapter of the Treaty with Germany.

But the same Commission is to exercise authority over Austria and Bulgaria, and possibly over Hungary and Turkey, when Peace is made with these countries.

There are, therefore, analogous articles _mutatis mudandis_ in the Austrian Treaty[135] and in the Bulgarian Treaty.[136] The principal Allies are each represented by one chief delegate.
The delegates of the United States, Great Britain, France, and Italy take part in all proceedings; the delegate of Belgium in all proceedings except those attended by the delegates of Japan or the Serb-Croat-Slovene State; the delegate of Japan in all proceedings affecting maritime or specifically Japanese questions; and the delegate of the Serb-Croat-Slovene State when questions relating to Austria, Hungary, or Bulgaria are under consideration.

Other allies are to be represented by delegates, without the power to vote, whenever their respective claims and interests are under examination.
In general the Commission decides by a majority vote, except in certain specific cases where unanimity is required, of which the most important are the cancellation of German indebtedness, long postponement of the instalments, and the sale of German bonds of indebtedness.

The Commission is endowed with full executive authority to carry out its decisions.


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