That it is not important to know what Germany can pay, but it is
sufficient to know what she ought to pay.
2. That no one can foresee what immense resources Germany will develop
within thirty or forty years, and what Germany will not be able to pay
will be paid by the Allies.
3. That Germany, under the stimulus of a military occupation, will
increase her production in an unheard-of manner.
4. The obligation arising from the treaty is an absolute one; the
capacity to pay can only be taken into consideration to establish the
number and amount of the annual payments; the total must in any case
be paid within thirty years or more.
5. _Elle ou nous_. Germany must pay; if she doesn't the Allies must
pay. It is not necessary that Germany free herself by a certain date;
it is only necessary that she pay all.
6. Germany has not to discuss, only to pay. Let time illustrate what
is at present unforeseeable, etc. etc.
If we exclude the third means of payment Germany has two ways open to
her. First of all she can give goods.
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