Note 128 — Chapter VI · VINDICATION BY EVENTS

An authorised interview published by the daily papers of January 28th, 1921.

M. Briand, the French Premier, in explaining what he and Mr Lloyd George arranged at Paris to the Chamber and Senate on February 3rd, remarked:—

‘We must not lose sight of the fact that in order to pay us Germany must every year create wealth abroad for herself by developing her exports and reducing her imports to strictly necessary things. She can only do that to the detriment of the commerce and industry of the Allies. That is a strange and regrettable consequence of facts. The placing of an annuity on her exports, payable in foreign values, will, however, correct as much as possible this paradoxical situation.’