34

Damages
after  the  list
presented  to
the  C.  0.  R.
milliards  in  fr.
gold

Claims  allowed  by  Spa  agreement

TOTAL

Proportion

Against  Germany
132  mil.  marks  gold

Against  Austria,  Hungary, ­
  Bulgaria  12  milliards ­


milliard
M.  C.

"lobetween
damages
a  claims
allowed  (*)

°lo

|  milliard  M.  C.

%

milliard  M.  C.

British  Empire  .

64.0

22%

29.0

H°/o

1.3

30.3

47.3»/ 0

France

218.5

52%

68.6

26%

3.1

71.7

32.8°,,

Italy

74.2

1QO/0

13.2

25%

3.0

16.2

23.1%

Belgium  ....

36.5

8%

10.5

4%

0.4

10.9

29.8%

Servia

27.7

5%

6.5

10%

1.2

7.7

27.4°,„

Roumania  .  .  .

31.1

i7o

1.3

1%

1.8

3.1

1.0%

By  these  figures  we  can  see  that  while  the  percentage  proportion  between
the  damages  suffered  and  the  claims  allowed,  varies  for  the  other  States  from
23°/o  to  47%  Roumania  gets  the  lowest  quota  of  10%.  And  we  must  not  forget
that  the  figure  of  31.1  milliards,  from  which  we  reckoned  above,  represents  for
the  Roumanian  State  only  the  damages  suffered,  and  the  issue  of  the  "Ranca
Generala«  notes,  without  adding  the  other  special  claims  of  Roumania’s  and
the  obligations  imposed  by  treaties  of  Peace.
In  the  light  of  these  figures,  the  Spa  agreement  and  the  quota  granted  to
Roumanian  are  eloquent  enough.
The  German  payments  on  account  of  the  reparations,  after  the  quantum  of
the  war  debt  established  at  132  milliards  of  marks  gold,  were  hard  to  obtain.  A
first  moratorium  was  granted  to  Germany  in  1922,  and  only  the  non  acceptation
by  the  Reich  of  the  conditions  for  a  second  moratorium  which  the  allies  were
willing  to  grant,  obliged  some  of  the  allies  to  proceed  to  the  application  of  the
sanctions,  by  the  occupation  of  the  Ruhr  on  January  11 th  1922,  and  the  direct
recuperation  of  the  right  of  the  allies.
Towards  the  end  of  the  year  1923,  the  Commission  of  reparations,  applying
the  provisions  of  article  234  of  the  Treaty  of  Versailles  consented  to  reexamine
the  question  of  German  possibilites  and  to  determine  anew  her  deb  t  for  reparations
To  this  intent,  the  Commission  of  Reparations,  delegated,  on  November
30 th  1923,  a  commission  of  experts  to  study  the  question,  and  to  refer.  The
London  Conference  of  July—August  1924,  was  called  for  settling  the  application ­
  of  this  plan  by  the  interested  Governments.  (Annex  57).
The  plan  of  the  experts  modified,  and  become  now  Dawe’s  plan,  puts
the  question  of  the  German  reparations  on  another  footing,  fixing  a  new  stage
in  the  evolution  of  the  application  of  the  treaties.
In  fact,  according  to  the  treaty,  Germany’s  debt  was  fixed  and  global,
engaging  all  her  resources,  without  any  other  right  of  interference  for  the
Commission  of  reparations,  besides  demanding  the  payment  for  the  amounts
and  in  the  prescribed  delays.
Dawe’s  plan  destines  certain  ressources  of  Germany’s  for  paying  the  reparations, ­
  it  imposes  the  forming  of  a  budget,  and  constitutes  organs  which
within  the  German  administration  should  assure  the  payments.  In  Dawe’s