[85] M. Tardieu (The Truth about the Treaty, pp. 346–348) has given an account of the abortive discussion of this question at the Peace Conference. The French obtained at Spa a ratio very slightly more favorable to themselves than that which they had claimed and Mr. Lloyd George had rejected at Paris.
[86] For a summary of the text of this Agreement see Appendix No. 1.
[87] At the conference of Dominion Prime Ministers in July 1921 this share was further divided as follows between the constituent portions of the Empire:
| United Kingdom | 86.85 | New Zealand | 1.75 | ||
| Minor colonies | .80 | South Africa | .60 | ||
| Canada | 4.35 | Newfoundland | .10 | ||
| Australia | 4.35 | India | 1.20 |
[88] The Spa Agreement also made provision that half the receipts from Bulgaria and from the constituent parts of the former Austro–Hungarian Empire should be divided in the above proportions, and that, of the other half, 40 per cent should go to Italy and 60 per cent to Greece, Rumania, and Jugoslavia.
[89] “Germany undertakes ... to make reimbursement of all sums which Belgium has borrowed from the Allies and Associated Governments up to November 11, 1918, together with interest at the rate of 5 per cent per annum on such sums.” The priority for this repayment arranged at Spa is a little different from the procedure contemplated in the Treaty, which provided for repayment not later than May 1, 1926.
[90] See above, p. 135.
[91] Article 1 of the Treaty of Peace between Germany and the United States, signed on August 25, 1921, and since ratified, expressly stipulates that Germany undertakes to accord to the United States all the rights, privileges, indemnities, reparations, and advantages specified in the joint resolution of Congress of July 2, 1921, “Including all the rights and advantages stipulated for the benefit of the United States under the Treaty of Versailles which the United States shall enjoy notwithstanding the fact that such Treaty has not been ratified by the United States.”
[92] According to a statement published in Washington in August 1921 the Custodian had in his hands German property to the value of $314,179,463.