174 A REVISION OF THE TREATY chap.
Damago.
Belgian Debt.
Total.
British Empire
9
2
11
16
2
18
Belgium
3
3
1
1
2
O
Others.
1
1
30
6
36
Great Britain , and by imposing on her Treasury afinancial problem of such difficulty that it would tendto unsound finance and to weak, unstable Govern-ments. Even though this payment is theoreticallypossible, I do not think that it is practically obtainableover a period of thirty years.
I recommend, therefore, that, as a separate arrange-ment from the Revision of the Treaty as above, theBritish Empire should waive the whole of theirclaims, with the exception of 1 milliard gold marksreserved for a special purpose explained below, andshould undertake to square the claims of Italy andthe minor claimants by cancellation of debt owingfrom them ; thus leaving Germany to pay 18 milliardsto France and 3 milliards to Belgium (on the assump-tion that the United States also would forgo thetrifle due to her). This sum should be dischargedby an annual payment of 6 per cent of the sum due(being 5 per cent interest and 1 per cent sinking fund)over a period of thirty years. With the assistance