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The Economic Consequences of the Peace by John Maynard Keynes
page 85 of 243 (34%)
shifts--so-called butter-shifts--for the purpose of furnishing coal for
export to Denmark hence butter will be exported in return. The butter
will benefit the miners in the first place, as they have worked
specially to obtain it" (_Kölnische Zeitung_, June 11, 1919).

[51] What of the prospects of whisky-shifts in England?

[52] As early as September, 1919, the Coal Commission had to
face the physical impracticability of enforcing the demands of the
Treaty, and agreed to modify them as follows:--"Germany shall in the
next six months make deliveries corresponding to an annual delivery of
20 million tons as compared with 43 millions as provided in the Peace
Treaty. If Germany's total production exceeds the present level of about
108 millions a year, 60 per cent of extra production, up to 128
millions, shall be delivered to the Entente and 50 per cent of any extra
beyond that, until the figure provided in the Peace Treaty is reached.
If the total production falls below 108 millions the Entente will
examine the situation, after hearing Germany, and take account of it."

[53] 21,136,265 tons out of a total of 28,607,903 tons. The
loss of iron-ore in respect of Upper Silesia is insignificant. The
exclusion of the iron and steel of Luxemburg from the German Customs
Union is, however, important, especially when this loss is added to that
of Alsace-Lorraine. It may be added in passing that Upper Silesia
includes 75 per cent of the zinc production of Germany.

[54] In April, 1919, the British Ministry of Munitions
despatched an expert Commission to examine the conditions of the iron
and steel works in Lorraine and the occupied areas of Germany. The
Report states that the iron and steel works in Lorraine, and to a lesser
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