CONTENTS

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CHAPTER I

PAGE
The State of Opinion 3

CHAPTER II

From the Ratification of the Treaty of Versailles to the Second Ultimatum of London 11
Excursus I.—Coal 44
Excursus II.—The Legality of Occupying Germany East of the Rhine 57

CHAPTER III

The Burden of the London Settlement 64
Excursus III.—The Wiesbaden Agreement 92
Excursus IV.—The Mark Exchange 100

CHAPTER IV

The Reparation Bill 106
Excursus V.—Receipts and Expenses prior to May 1, 1921 131
Excursus VI.—The Division of Receipts between the Allies 138

CHAPTER V

The Legality of the Claim for Pensions 144

CHAPTER VI

Reparation, Inter–Ally Debt, and International Trade 163

CHAPTER VII

The Revision of the Treaty and the Settlement of Europe 179

APPENDIX OF DOCUMENTS

I. Summary of Spa Agreement (July 1920) 203
II. The Decisions of Paris (January 1921) 207
III. The Claims Submitted to the Reparation Commission (February 1921) 210
IV. The First Ultimatum of London (March 1921) 213
V. The German Counter–Proposal (April 1921) 215
VI. The Reparation Commission's Assessment (April 1921) 219
VII. The Second Ultimatum of London (May 1921) 219
VIII. Summary of the Wiesbaden Agreement (October 1921) 228
IX. Tables of Inter–Governmental Indebtedness 238
INDEX 240

A REVISION OF THE TREATY
BEING A SEQUEL TO
THE ECONOMIC CONSEQUENCES OF THE PEACE


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