chọn để yêu cầu không nói chuyện của họ để khắc nghiệt. Chúng cho phép mình bị hủy hoại và hoàn toàn hoàn tác dụng cụ riêng của họ, chính phủ các nước làm của riêng của họ, và báo chí mà họ là chủ sở hữu. Có lẽ nó là lịch sử đúng là không có thứ tự của xã hội bao giờ chấm dứt tiết kiệm bằng tay riêng của mình. | THE ECONOMIC CONSEQUENCES OF THE PEACE 118 be shown her in some other direction. I proceed therefore to proposals first for the adjustment of the claims of America and the Allies amongst themselves and second for the provision of sufficient credit to enable Europe to re-create her stock of circulating capital. II. THE SETTLEMENT OF INTER-ALLY INDEBTEDNESS In proposing a modification of the reparation terms I have considered them so far only in relation to Germany. But fairness requires that so great a reduction in the amount should be accompanied by a readjustment of its apportionment between the Allies themselves. The professions which our statesmen made on every platform during the war as well as other considerations surely require that the areas damaged by the enemy s invasion should receive a priority of compensation. While this was one of the ultimate objects for which we said we were fighting we never included the recovery of separation allowances amongst our war aims. I suggest therefore that we should by our acts prove ourselves sincere and trustworthy and that accordingly Great Britain should waive altogether her claims for cash payment in favour of Belgium Serbia and France. The whole of the payments made by Germany would then be subject to the prior charge of repairing the material injury done to those countries and provinces which suffered actual invasion by the enemy and I believe that the sum of 1 500 million thus available would be adequate to cover entirely the actual costs of restoration. Further it is only by a complete subordination of her own claims for cash compensation that Great Britain can ask with clean hands for a revision of the treaty and clear her honour from the breach of faith for which she bears the main responsibility as a result of the policy to which the General Election of 1918 pledged her representatives. With the reparation problem thus cleared up it would be possible to bring forward with a better grace and more hope of .
