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

CHAPTER V
87/118

The Commission will decide which of the rights and interests of German nationals in public utility undertakings operating in Russia, China, Turkey, Austria, Hungary, and Bulgaria, or in any territory formerly belonging to Germany or her allies, are to be expropriated and transferred to the Commission itself; it will assess the value of the interests so transferred; and it will divide the spoils.
5 The Commission will determine how much of the resources thus stripped from Germany must be returned to her to keep enough life in her economic organization to enable her to continue to make Reparation payments in future.[137] 6.

The Commission will assess the value, without appeal or arbitration, of the property and rights ceded under the Armistice, and under the Treaty,--roiling-stock, the mercantile marine, river craft, cattle, the Saar mines, the property in ceded territory for which credit is to be given, and so forth.
7.

The Commission will determine the amounts and values (within certain defined limits) of the contributions which Germany is to make in kind year by year under the various Annexes to the Reparation Chapter.
8.

The Commission will provide for the restitution by Germany of property which can be identified.
9.

The Commission will receive, administer, and distribute all receipts from Germany in cash or in kind.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books