u6 A REVISION OF THE TREATY chap.

this being set off against the fact that no separateallowance is made for vessels damaged or molested,but not sunk. This figure is the highest for whichany sort of plausible argument could be adduced,rather than a judicial estimate. I adhere to theestimate which I gave in The Economic Consequencesof the Peace.

I forbear to examine the claims of the other Allies.The details, so far as they have been published, aregiven in Appendix No. III.

The observations made above relate to the claimsfor material damage and do not bear on those forpensions and allowances, which are, nevertheless, avery large item. These latter are to be calculated,according to the Treaty , in the case of pensions " asbeing the capitalised cost at the date of coming intoforce of the Treaty , on the basis of the scales inforce in France at such date," and in the case ofallowances made during hostilities to the dependentsof mobilised persons " on the basis of the averagescale for such payments in force in France " duringeach year. That is to say, the French Army scaleis to be applied all round ; and the result, giventhe numbers affected, should be a calculable figure,in which there should be little room for seriouserror. The actual claims were as follows in milliardgold marks 1 :

1 Francs are here converted at 2'20 to the gold mark and the £ sterlingat 1:20.