A FITTING PENALTY.
LIQUIDATION OF WAR COSTS.
BIG BILL TO MEET
LONDON, Dec. 5. Mr Harold Cox has made an exhaustive analysis of Germany's ability to pay the Allied war costs. These total £25,000,000,000, including Britain's £7,300,000,000, France's £5,300,000,000, the United States' £3,600,000,000, and Russia's £4,300,000,000.
The value of territorial annexations, including the colonies, must iirst be deducted, also the value of Alsace-Lorraine, etc. France would also demand the Saar coal basin, lost in 1815. The Germans must hand over £150,000,000 in gold, merchant
ship 3, and her investments abroad, valued at about £500,000,000. When all her assets are taken Germany may owe the Allies £10,000,----000,000, on which the interest would be £500,000,000. Some of this may be paid by a Royalty upon the coal- J fields of Westphalia and the potash I mines in Saxony. The rest would ' be an annual tribute for which the taxpayers would be responsible. Thus the Germans would be compelled to work and remain poor, ,while the Allies, relieved of the burden of the war debt, would enjoy a high standard of comfort and fewer hours of labour. ! Mr Cox concludes: "What better punishment can be devised?" —A. and N.Z. and Reuter.
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Northern Advocate, 7 December 1918, Page 3
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198A FITTING PENALTY. Northern Advocate, 7 December 1918, Page 3
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