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The Economic Consequences of the Peace by John Maynard Keynes
page 59 of 243 (24%)
In striking, therefore, at her coal supply, the French politicians were
not mistaking their target. It is only the extreme immoderation, and
indeed technical impossibility, of the Treaty's demands which may save
the situation in the long-run.

(1) The Treaty strikes at Germany's coal supply in four ways:--

(i.) "As compensation for the destruction of the coal-mines in the north
of France, and as part payment towards the total reparation due from
Germany for the damage resulting from the war, Germany cedes to France
in full and absolute possession, with exclusive rights of exploitation,
unencumbered, and free from all debts and charges of any kind, the
coal-mines situated in the Saar Basin."[36] While the administration of
this district is vested for fifteen years in the League of Nations, it
is to be observed that the mines are ceded to France absolutely. Fifteen
years hence the population of the district will be called upon to
indicate by plebiscite their desires as to the future sovereignty of the
territory; and, in the event of their electing for union with Germany,
Germany is to be entitled to repurchase the mines at a price payable in
gold.[37]

The judgment of the world has already recognized the transaction of the
Saar as an act of spoliation and insincerity. So far as compensation for
the destruction of French coal-mines is concerned, this is provided for,
as we shall see in a moment, elsewhere in the Treaty. "There is no
industrial region in Germany," the German representatives have said
without contradiction, "the population of which is so permanent, so
homogeneous, and so little complex as that of the Saar district. Among
more than 650,000 inhabitants, there were in 1918 less than 100 French.
The Saar district has been German for more than 1,000 years. Temporary
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