7o THE ECONOMIC CONSEQUENCES OF THE PEACE ch.

in Russia, China, Turkey , Austria, Hungary, andBulgaria , or in the possessions or dependencies ofthese States, or in any territory formerly belongingto Germany or her allies, to be ceded by Germany orher allies to any Power or to be administered by aMandatory under the present Treaty ." This is acomprehensive description, overlapping in part theprovisions dealt with under (a) above, but including,it should be noted, the new States and territoriescarved out of the former Russian, Austro-Hungarian ,and Turkish Empires. Thus Germany 's influence iseliminated and her capital confiscated in all thoseneighbouring countries to which she might naturallylook for her future livelihood, and for an outlet forher energy, enterprise, and technical skill.

The execution of this programme in detail willthrow on the Reparation Commission a peculiar task,as it will become possessor of a great number ofrights and interests over a vast territory owingdubious obedience, disordered by war, disruption, andBolshevism. The division of the spoils between thevictors will also provide employment for a powerfuloffice, whose doorsteps the greedy adventurers andjealous concession-hunters of twenty or thirty nationswill crowd and defile.

Lest the Reparation Commission fail by ignoranceto exercise its rights to the full, it is further providedthat the German Government shall communicate toit within six months of the Treaty 's coming into