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A REVISION OF THE TREATY

CHAP.

110 milliard gold marks, which maybe divided betweenthe main categories of claim in the proportions—74milliards for pensions and allowances, 30 milliards fordirect damage to the property and persons of civilians,and 6 milliards for war debt incurred by Belgium .

This total is more than Germany can pay. Butthe claim exclusive of pensions and allowances maybe within her capacity. The inclusion of a demandfor pensions and allowances was the subject of along struggle and a bitter controversy in Paris . Ihave argued that those were right who maintainedthat this demand was inconsistent with the termson which Germany surrendered at the Armistice.I return to this subject in the next chapter.

EXCUESUS V

RECEIPTS AND EXPENSES PRIOR TO MAY 1, 1921

The provision in the Treaty of Versailles thatGermany , subject to certain deductions, was to pay£1000 millions (gold) before May 1,1921, was so remark-ably wide of facts and possibilities, that for some timepast no one has said much about this offspring ofthe unimaginative imaginations of Paris . As it wastotally abandoned by the London Agreement ofMay 5, 1921, there is no need to return to what is anobsolete controversy. But it is interesting to record