74

THE ECONOMIC CONSEQUENCES OF THE PEACE CH.

renounced, but by Article 150 ordinary liberties arewithdrawn, the Egyptian Government being accorded£C complete liberty of action in regulating the statusof German nationals and the conditions under whichthey may establish themselves in Egypt. "

By Article 258 Germany renounces her right toany participation in any financial or economic organisa-tions of an international character " operating in anyof the Allied or Associated States, or in Austria,Hungary, Bulgaria or Turkey, or in the dependenciesof these States, or in the former Russian Empire."

Generally speaking, only those pre-war treatiesand conventions are revived which it suits the AlliedGovernments to revive, and those in Germany' s favourmay be allowed to lapse. 1

It is evident, however, that none of these provisionsare of any real importance, as compared with thosedescribed previously. They represent the logicalcompletion of Germany' s outlawry and economicsubjection to the convenience of the Allies ; but theydo not add substantially to her effective disabilities.

II

The provisions relating to coal and iron are moreimportant in respect of their ultimate consequences onGermany' s internal industrial economy than for themoney value immediately involved. The German

1 Art. 289.