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nydus/The Economic Consequences of the PeacePublic
Page 102 of 280
Table of Contents

Reparation

put the figure for the whole group at the round sum of $1,250,000,000.

We are finally left with the following—

Belgium$2,500,000,000[98]
France4,000,000,000
Great Britain2,850,000,000
Other Allies1,250,000,000
Total$10,600,000,000

I need not impress on the reader that there is much guesswork in the above, and the figure for France in particular is likely to be criticized. But I feel some confidence that the general magnitude, as distinct from the precise figures, is not hopelessly erroneous; and this may be expressed by the statement that a claim against Germany, based on the interpretation of the pre-Armistice engagements of the Allied Powers which is adopted above, would assuredly be found to exceed $8,000,000,000 and to fall short of $15,000,000,000.

This is the amount of the claim which we were entitled to present to the enemy. For reasons which will appear more fully later on, I believe that it would have been a wise and just act to have asked the German Government at the

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