ig6 THE ECONOMIC CONSEQUENCES OF THE PEACE ch.

except those attended by the delegates of Japan or the Serb-Croat-Slovene State; the delegate ofJapan in all proceedings affecting maritime or speci-fically Japanese questions; and the delegate of theSerb-Croat-Slovene State when questions relating toAustria, Hungary, or Bulgaria are under considera-tion. Other allies are to be represented by delegates,without the power to vote, whenever their respectiveclaims and interests are under examination.

In general the Commission decides by a majorityvote, except in certain specific cases where unanimityis required, of which the most important are thecancellation of German indebtedness, long postpone-ment of the instalments, and the sale of German bonds of indebtedness. The Commission is endowedwith full executive authority to carry out its decisions.It may set up an executive staff and delegateauthority to its officers. The Commission and itsstaff are to enjoy diplomatic privileges, and its salariesare to be paid by Germany , who will, however, haveno voice in fixing them. If the Commission is todischarge adequately its numerous functions, it willbe necessary for it to establish a vast polyglotbureaucratic organisation, with a staff of hundreds.To this organisation, the headquarters of whichwill be in Paris, the economic destiny of CentralEurope is to be entrusted.

Its main functions are as follows :—

1. The Commission will determine the precise