20 A REVISION OF THE TREATY chap.

payments, after the expiry of five years, beingpostponed for the present;

(2) That a substantial part of this sum shouldbe paid in the form of deliveries of material and notof cash;

(3) That the annual expenses of the Armies ofOccupation should be limited to £12,000,000 (gold),which payment need not be additional to the aboveannuities but a first charge on them;

(4) That the Allies should waive their claim onGermany to build ships for them and should perhapsrelinquish, or postpone, the claim for the deliveryof a certain number of the existing German vessels;

(5) That Germany on her side should put herfinances and her budget in order and should agreeto the Allies taking control of her customs in theevent of default under the above scheme.

IV. The Decisions of Paris (January 24-30, 1921)

The suggestions of the Brussels experts furnishedno permanent settlement of the question, but theyrepresented, nevertheless, a great advance from theideas of the Treaty . In the meantime, however,opinion in France was rising against the concessionscontemplated. M. Leygues, it appeared, would beunable to carry in the Chamber the scheme discussedat Boulogne. Prolonged political intrigue ended inthe succession of M. Briand to the Premiership, with