A Journal of Reparations

A Journal of Reparations

A Journal of Reparations

A Journal of Reparations

Excerpt

Fourteen years have now passed since the plan outlined in the report of the First Committee of Experts Reparation Commission was put into effect, and nine years since the ending of its five years of successful operation.

It resulted in removing the impasse in German economy created by the occupation of the Ruhr by the French army, in the re-establishment of German economy, currency and credit, and the payments on reparations for five years which the Committee had pronounced within the capacity of Germany to pay. It changed for the better, at least for a period of years, the condition of Europe.

Selected by the Reparation Commission as Chairman of the First Committee of Experts, I kept a journal during the progress of its work. This could not properly have been published during the years of international interest in and discussion of the experts' plan—indeed I publish it now with some hesitation, for I fear my appraisement at the time of the individual contributions to a group effort of ten men does not do full justice to them all.

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