A Revision of the Treaty : Being a Sequel to the Economic Consequences of the Peace

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The pronouncements by the President which were to form the basis of Peace provided that there should be "no contributions " and " no punitive damages," but the invaded territories of Belgium, France, Kumania, Serbia, and Montenegro were to be restored.
This did not cover losses from submarines or from air raids. Accordingly the Allied Governments, when they accepted the President's formulas, embodied a reservation, on the point as to what " restoration " covered, in the following sentence : " B
...y it (i.e.
restoration of invaded territory) they understand that compensation will be made by Germany for all damage done to the civilian population of the Allies and to their property by the aggression of Germany by land, by sea, and from the air." The natural meaning and object of these words, which, the reader must remember, are introduced as an interpretation of the phrase " restoration of invaded territory," is to assimilate submarine and cruiser aggression by sea and aeroplane and airship aggression by air to military aggression by land, which, in all the circumstances, was a reasonable extension of the phrase, provided it was duly notified beforehand.


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