CONTENTS
CHAPTEE I
PAOE
The State of Opinion . ... 1
CHAPTEE II
From the Ratification op the Treaty of Versailles to
the Second Ultimatum of London ... 8
Excursus I.— Coal . . . .40
Excursus II. — The Legality op occupying
CHAPTEE III
The Burden op the London Settlement . . 58
Excursus III.— The Wiesbaden Agreement . 85
Excursus IV.— The Mark Exchange . . 92
CHAPTEE IV
The Reparation Bill . . . . ,.98
Excursus V — Receipts and Expenses prior
to May 1, 1921 .... 122
Excursus VI. — The Division of Receipts
amongst the Allies . . .128
vii