156 A REVISION OF THE TREATY chap.
Percentage of Total Exports.
1913.
1920(Jan.-Sept.)
1921(June-Sept.)
Iron and steel goods ....
13-2
20
22
Machinery (including motor cars)
7-5
12
17
Chemicals and dyes ....
4
13
9-5
Fuel " . .....
7
6-5
j
2-5
4
3-5
2
3-5
?
Silk goods......
2
3
)
5-5
3
r 15
6
. •
J
•5
2-5
2
3
2
4
1-5
1-5
j
It is clear, therefore, that, though raw materialsother than coal, such as potash, sugar, and timber, mayyield a trifle, Germany can only compass an exporttrade of great value by exporting iron and steel goods,chemicals, dyes, textiles, and coal, for these are theonly export articles of which she can produce greatquantities. It is also clear that there have been novery marked changes in the proportionate importanceof the different export trades since the war, exceptthat the exchange position has somewhat stimulated,relatively to the others, those export lines, such asiron goods, machinery, chemicals, dyes, and glass,which do not involve much importation of rawmaterials.
To compel Germany to pay a large indemnity istherefore the same thing as to compel her to expand