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nydus/The Economic Consequences of the PeacePublic
Page 94 of 304
Table of Contents

Reparation

While the French claims are immensely greater, here too there has been excessive exaggeration, as responsible French statisticians have themselves pointed out. Not above 10 per cent of the area of France was effectively occupied by the enemy, and not above 4 per cent lay within the area of substantial devastation. Of the sixty French towns having a population exceeding 35,000, only two were destroyed—Reims (115,178) and St. Quentin (55,571); three others were occupied—Lille, Roubaix, and Douai—and suffered from loot of machinery and other property, but were not substantially injured otherwise. Amiens, Calais, Dunkerque, and Boulogne suffered secondary damage by bombardment and from the air; but the value of Calais and Boulogne must have been increased by the new works of various kinds erected for the use of the British Army.

The Annuaire Statistique de la France, 1917, values the entire house property of France at $11,900,000,000 (59.5 milliard francs).84 An estimate current in France of $4,000,000,000 (20 milliard francs) for the destruction of house property alone is, therefore, obviously wide of the mark.85 $600,000,000 at pre-war prices, or say $1,250,000,000 at the present time, is much nearer the right figure. Estimates

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