Excerpt from Reparations, Trade and Foreign Exchange ON May 5, 1921, the total sum due from Germany to the Allies was Of which the British Empire was to get 22 per cent, or Payment was to be made by instalments spread over forty-two years; con Sequently, apart from interest charges on unpaid instalments, the average payment would be approximately a year. Owing to the disturbed state Of Germany in 1921 payment was to be relatively light to start with, being gradually increased as the capacity Of Germany to pay increased. This capacity is adjudged by the Reparation Commission - a per manent body composed Of financial experts of the Allied Powers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.