American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-12-17
MUST PAY IMMENSE
Sun FOR WAR INDEnNlTlE>
London Banker Estimates Aggregate
Of Claims at Nearly s7-5OO.OOo.OoO
France VIII Come First In List
With Demand for Two Billions.

One London banker estimates that
Germany will have TO pay 10 the al
lies for reparatiOn and restitution
about 1880. .OO0. 900. Calculated on
Der cent basis, with a l per cent
sinking fund, this would mean an an
nual charge on the German revenue
of s45O. 900. 900. He says there can be
no question OF Germany's ability to
meet this demad.
II is impossible. he says, discussing
I the subject in a newspaper article. TO
arrive at any approximate figure as to
damages and robberies in the in
vaded territory. For Belgium" the
article continues, I would put the
amount Of indemnity at s1.400 900 900,
OF which sum levies on Belgian towns
account for something like s5OO.OOO,-
600. I know Of another estimate for
Belgium which is as high as $4,000
600 900. and a Belgian OF some auth
ority estimates the amount at $780,
600 600"
With regard to France. he says one
cannot reckon the loss suffered. but
! considering that the war has been
waged for the most part. on French
territory. and in the center Of her in
. dustrial area We may put the figure
: at $1,000 900. 900"
: Italy's damage is computed a.
$3.50. 900 900 The same amount is set
r as Rumania's bill. including the loss
I of quantities Of fOodstuffs and dam
. age TO oil wells and other property
2 He thinks that $50 900 900 would COW
. er Serbia's loss. and a like sum prob
= ably would reimburse England for
. damages caused by air raids and
commandments.
v Shipping losses are then discussed
7 L estimate" he says, the loss o.
? ships in figures Of tonnage al nine
10 million. and. taking the average val
ue OF 5000 a ton. this would figure on
IS at 81 500 100000.
Adding the total value Of cargoe
ID al. say. 5000 900 900. We have the TO
r tai Of 50 700 100000 for Great Britaii
,e alone. The shipping losses Of the al
Id lies 7 estimate at 00.000.0O0-
Z Il have heard an estimate whic
70 rIaces the total OF the bill agaIns
" Germany at SO 0OO. 100000. which
Z like NV own calculation. is, O
course. to some extent. necessaril
l. hvpOtheticai But | would put u
n figure myself ar 81 500 900 600. whic
ct does not. Of course. include any pal
OH Of the cost OF the war"
o. Regarding Germany's finances. 2
calls attention 10 the last pre-wa
Of budget presented 70 the reichsta
& which showed a revenue OF SSl5
an 600 600 The estimate for the arm
ed was 1922 500 900 and for the nav
n s1O7 500 OOO-total. $4,000 000
he eliminating the expenditure Il
elf armaments. the article goes o
20 this would allow Germany to pay
-er proximately the interest and sinkiI
fund on the $500. 600. 600 compens
ie- ton. leaving the balance OF revenu
he whatever il might be to meet the CO
OF conducting the empire and payll
the interest on her loans. whr
amounted early in the present year
s27. 600 000. 600. a sum which has
ON course. been substantially increas
since"
me In order TO meet the allies bill
md dana ges. the writer says. 'it may
inc that Germany would haze 70 suspe
nayment Of interest on her own "
loans don't saw she would repr
OF is-e This obligation"