MR. JUSTICE JACKSON: What colonies?
SCHACHT: I was thinking especially of the African colonies.
MR. JUSTICE JACKSON: And those African colonies you would regard as essential to your plan for the future of Germany?
SCHACHT: Not those, but generally any colonial activity; and of course, at first, I could only limit my colonial desires to our own property.
MR. JUSTICE JACKSON: And your property, as you call it, was the African colonies?
SCHACHT: Not I personally called them that. That is what the Treaty of Versailles calls them—“our property.”
MR. JUSTICE JACKSON: Any way you wish it, you wanted the colonies you are talking about.
SCHACHT: Yes.
MR. JUSTICE JACKSON: You considered that the possession and exploitation of colonies was necessary to the sort of Germany that you had in mind creating?
SCHACHT: If you would replace the word “exploitation” by “development,” I believe there will be no misunderstanding, and to that extent I agree with you completely.