The evening Caledonian. [volume] (St. Johnsbury, Vt.) 1918-1920, 1918-12-14
WHAT GERMANY
MAY HAVE
TO PAY ALLIES
London Banker Estimates
Indemnity at $500, 900, 900
LOSSES OF THE
OTHER NATIONS
Germany May Have to Sus-
pend Interest on Her
Own Loans

London, Nov 20-(Correspondence
of the Associated Press) s)-One Lon
don banker estimates that Germany
will have to pay to the Allies for
reparation and restitution about 81
500, 100000 Calculated on five
per cent basis, with / per cent
sinking fund, this would mean an an
nual charge on the German revenue
of S450, 100000, He says there can
be no question Of Germany's ability
to meet this demand.
1t is impossible, he says, discussing
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, 81 would put the
amount of indemnity at $1,400,000,-
coo, of which sum levies on Belgian
towns account for something like
$500,000,000. / know of another es-
innate for Belgium which is as high
as $2,000,0 100000, and a Belgian of
some authority estimates the amount
at S800000,0
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 $2,G0O,00O, 1000"
Italy's damage is, computed at
S150000,000, The same amount is
set as Rumania's bill, including the
loss of quantities of foodstuffs and
damage to the oil wells and other
property. He thinks that $50,000,-
900 would cover Serbia's loss, and a
like sum probably would reimburse
England for damages caused by air
raids and bombardments.
Shipping losses are then discussed.
II estimate" he says, "the loss of
ships4in figures of tonnage4sat nine
million, and, taking the average value
of 5000 a ton, this would figure out
at S1,800,000, 900. Adding the total
value of cargoes at, say, $900,000,0
we have the total of $2,700, 100000
for Great Britain alone. The ship
ping losses Of the Allies / estimate at
S500,000000.
II have heard an estimate which
places the total of the bill against
Germany at $10,000,000,0 which,
like my own calculation, is of course
to some extent necessarily hypothet-
ical. But l would put the figure
myself at S7,500,0O0,0OO, which does
not, of course, include any part OF
the cost of the war;"
Regarding Germany's finances, he
calls attention to the last pre-wal
budget presented to the Reichstag
which showed a revenue of 1915 5,O00,-
600. The estimate for the army was
1922, 100000, and for the navy $107,.
500,000-total $400,000,0 600
Eliminating the expenditure fol
armaments," the article goes on, "this
would allow Germany to pay approxi-
lpately the interest and sinking func
on the $7,500,00O,000 compensation
leaving the balance of revenue, what
ever it might be, to meet the cost o.
conducting the empire and paying tn,
interest on her loans which amounted
early in the present year to $4,000,
100000, sum which has, of course
been substantially increased since
In order to meet the Allies bill O
damages the writer says, sit may b.
that Germany would have to suspend
payment of interest on her own wa
loans-I don't say she would repudi
ate this obligation"