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A revision of the treaty : being a sequel to The economic consequences of the peace / by John Maynard Keynes
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iv PAYMENTS PRIOR TO MAY 1921 123

what payments Germany did actually effect duringthe transitional period.

The following details are from a statement pub-lished by the British Treasury in August 1921 :

Approximate Statement by the Separation Commissionof Deliveries made by Germany from November 11,1918 to April 30, 1921

Gold Marks.

Eeceipts in cash . . . . . 99,334,000

Deliveries in kind :

Ships . . ... 270,331,000

Coal . . . ... 437,160,000

Dyestuffs . . . . 36,823,000

Other deliveries . . . . 937,040,000

1,780,688,000

Immovable property and assets notyet encashed .... 2,754,104,000

4,534,792,000say £284,500,000

The immovable property consists chiefly of theSaar coalfields surrendered to France, State property in Schleswig surrendered to Denmark , and Stateproperty (with certain exceptions) in the territorytransferred to Poland .

The whole of the cash, two-thirds of the ships, anda quarter of the dyestuffs accrued to Great Britain .A share of the ships and dyestuffs, the Saar coalfields,the bulk of the coal and of the " other deliveries,"