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The economic consequences of the peace / by John Maynard Keynes
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102 THE ECONOMIC CONSEQUENCES OF THE PEACE ch. iv

Oder, the Niemen, and the Danube as an Americanarbitrator may determine, " due regard being had tothe legitimate needs of the parties concerned, andparticularly to the shipping traffic during the fiveyears preceding the war," the craft so ceded to beselected from those most recently built. 1 The samecourse is to be followed with German vessels and tugson the Ehine and with German property in the portof Rotterdam. 2 Where the Rhine flows betweenFrance and Germany, France is to have all the rightsof utilising the water for irrigation or for power andGermany is to have none ; 3 and all the bridges are tobe French property as to their whole length. 4 Finally,the administration of the purely German Rhine portof Kehl lying on the eastern bank of the river is to beunited to that of Strassburg for seven years andmanaged by a Frenchman nominated by the newRhine Commission .

Thus the Economic Clauses of the Treaty are com-prehensive, and little has been overlooked which mightimpoverish Germany now or obstruct her develop-ment in future. So situated, Germany is to makepayments of money, on a scale and in a manner to beexamined in the next chapter.

1 Art. -339. 2 Arti 357<

3 Art. 358. Germany is, however, to be allowed some payment or creditin respect of power so taken by France .

4 Art. 66.