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The Economic Consequences of the Peace by John Maynard Keynes
page 61 of 243 (25%)

(iii.) Out of the coal that remains to her, Germany is obliged to make
good year by year the estimated loss which France has incurred by the
destruction and damage of war in the coalfields of her northern
Provinces. In para. 2 of Annex V. to the Reparation Chapter, "Germany
undertakes to deliver to France annually, for a period not exceeding ten
years, an amount of coal equal to the difference between the annual
production before the war of the coal-mines of the Nord and Pas de
Calais, destroyed as a result of the war, and the production of the
mines of the same area during the year in question: such delivery not to
exceed 20,000,000 tons in any one year of the first five years, and
8,000,000 tons in any one year of the succeeding five years."

This is a reasonable provision if it stood by itself, and one which
Germany should be able to fulfil if she were left her other resources to
do it with.

(iv.) The final provision relating to coal is part of the general scheme
of the Reparation Chapter by which the sums due for Reparation are to be
partly paid in kind instead of in cash. As a part of the payment due for
Reparation, Germany is to make the following deliveries of coal or
equivalent in coke (the deliveries to France being wholly additional to
the amounts available by the cession of the Saar or in compensation for
destruction in Northern France):--

(i.) To France 7,000,000 tons annually for ten years;[42]

(ii.) To Belgium 8,000,000 tons annually for ten years;

(iii.) To Italy an annual quantity, rising by annual increments from
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