The Economic Consequences of the Peace by John Maynard Keynes
page 62 of 243 (25%)
page 62 of 243 (25%)
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4,500,000 tons in 1919-1920 to 8,500,000 tons in each of the six years,
1923-1924 to 1928-1929; (iv.) To Luxemburg, if required, a quantity of coal equal to the pre-war annual consumption of German coal in Luxemburg. This amounts in all to an annual average of about 25,000,000 tons. * * * * * These figures have to be examined in relation to Germany's probable output. The maximum pre-war figure was reached in 1913 with a total of 191,500,000 tons. Of this, 19,000,000 tons were consumed at the mines, and on balance (_i.e._ exports less imports) 33,500,000 tons were exported, leaving 139,000,000 tons for domestic consumption. It is estimated that this total was employed as follows:-- Railways 18,000,000 tons. Gas, water, and electricity 12,500,000 " Bunkers 6,500,000 " House-fuel, small industry and agriculture 24,000,000 " Industry 78,000,000 " ----------- 139,000,000 " The diminution of production due to loss of territory is:-- Alsace-Lorraine 3,800,000 tons. Saar Basin 13,200,000 " |
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