La Richesse de la France devant la Guerre, published in 1916.

Revue Bleue, February 3, 1919. This is quoted in a very valuable selection of French estimates and expressions of opinion, forming chapter iv. of La Liquidation financière de la Guerre, by H. Charriaut and R. Hacault. The general magnitude of my estimate is further confirmed by the extent of the repairs already effected, as set forth in a speech delivered by M. Tardieu on October 10, 1919, in which he said: "On September 16 last, of 2246 kilomètres of railway track destroyed, 2016 had been repaired; of 1075 kilomètres of canal, 700; of 1160 constructions, such as bridges and tunnels, which had been blown up, 588 had been replaced; of 550,000 houses ruined by bombardment, 60,000 had been rebuilt; and of 1,800,000 hectares of ground rendered useless by battle, 400,000 had been recultivated, 200,000 hectares of which are now ready to be sown. Finally, more than 10,000,000 mètres of barbed wire had been removed."

Some of these estimates include allowance for contingent and immaterial damage as well as for direct material injury.

A substantial part of this was lost in the service of the Allies; this must not be duplicated by inclusion both in their claims and in ours.

The fact that no separate allowance is made in the above for the sinking of 675 fishing vessels of 71,765 tons gross, or for the 1855 vessels of 8,007,967 tons damaged or molested, but not sunk, may be set off against what may be an excessive figure for replacement cost.