[The Economic Consequences of the Peace by John Maynard Keynes]@TWC D-Link bookThe Economic Consequences of the Peace CHAPTER V 117/118
The whole method of the Conference tended towards this,--the Council of Four wanted, not so much a settlement, as a treaty.
On political and territorial questions the tendency was to leave the final arbitrament to the League of Nations.
But on financial and economic questions, the final decision has generally be a left with the Reparation Commission,--in spite of its being an executive body composed of interested parties. [135] The sum to be paid by Austria for Reparation is left to the absolute discretion of the Reparation Commission, no determinate figure of any kind being mentioned in the text of the Treaty Austrian questions are to be handled by a special section of the Reparation Commission, but the section will have no powers except such as the main Commission may delegate. [136] Bulgaria is to pay an indemnity of $450,000,000 by half-yearly instalments, beginning July 1, 1920.
These sums will be collected, on behalf of the Reparation Commission, by an Inter-Ally Commission of Control, with its seat at Sofia.
In some respects the Bulgarian Inter-Ally Commission appears to have powers and authority independent of the Reparation Commission, but it is to act, nevertheless, as the agent of the latter, and is authorized to tender advice to the Reparation Commission as to, for example, the reduction of the half-yearly instalments. [137] Under the Treaty this is the function of any body appointed for the purpose by the principal Allied and Associated Governments, and not necessarily of the Reparation Commission.
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