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The Economic Consequences of the Peace by John Maynard Keynes
page 87 of 243 (35%)
faithfully carried out by Germany," the Cologne district will be
evacuated after five years, and the Coblenz district after ten years
(Art. 429). It is, however, further provided that if at the expiration
of fifteen years "the guarantees against unprovoked aggression by
Germany are not considered sufficient by the Allied and Associated
Governments, the evacuation of the occupying troops may be delayed to
the extent regarded as necessary for the purpose of obtaining the
required guarantees" (Art. 429); and also that "in case either during
the occupation or after the expiration of the fifteen years, the
Reparation Commission finds that Germany refuses to observe the whole or
part of her obligations under the present Treaty with regard to
Reparation, the whole or part of the areas specified in Article 429 will
be re-occupied immediately by the Allied and Associated Powers" (Art.
430). Since it will be impossible for Germany to fulfil the whole of her
Reparation obligations, the effect of the above provisions will be in
practice that the Allies will occupy the left bank of the Rhine just so
long as they choose. They will also govern it in such manner as they may
determine (_e.g._ not only as regards customs, but such matters as the
respective authority of the local German representatives and the Allied
Governing Commission), since "all matters relating to the occupation and
not provided for by the present Treaty shall be regulated by subsequent
agreements, which Germany hereby undertakes to observe" (Art. 432). The
actual Agreement under which the occupied areas are to be administered
for the present has been published as a White Paper [Cd. 222]. The
supreme authority is to be in the hands of an Inter-Allied Rhineland
Commission, consisting of a Belgian, a French, a British, and an
American member. The articles of this Agreement are very fairly and
reasonably drawn.

[62] Art. 365. After five years this Article is subject to
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