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Updated: June 7, 2025
Our hypothetical calculations, therefore, leave us with post-war German domestic requirements, on the basis of a pre-war efficiency of railways and industry, of 110,000,000 tons against an output rot exceeding 100,000,000 tons, of which 40,000,000 tons are mortgaged to the Allies. The importance of the subject has led me into a somewhat lengthy statistical analysis.
This adjustment is first required to liquidate the adverse trade balance, which in the five years before the war averaged $370,000,000; but we will assume that after allowing for this, she is left with a favorable trade balance of $250,000,000 a year. Doubling this to allow for the rise in pre-war prices, we have a figure of $500,000,000.
The plants of the I.G. produced more than two thousand tons of explosives per week, at their average pre-war rate. This is an enormous quantity. How can we best visualise it? In view of the chapters on Disarmament which follow, we will use the following comparison. The Treaty of Versailles allows Germany to hold a stock of about half a million shell of different stated calibres.
After the end of the war I saw him again in 1948 in the uniform of a Superintendent of Police working in the British Police Mission to Greece. He told me he had obtained a special licence and was back on the air with his pre-war callsign SV1RX. In 1951 I emigrated to Brazil where I stayed for 17 years and then came to the U.S.A. in 1968, where I have been ever since.
If, on the other hand, we deduct from the £700 millions raised by revenue the £200 millions which represent the normal pre-war cost of Government to this country we find that the proportion of war's cost raised out of revenue is slightly over 25 per cent.
Before the war America was heavily the debtor of the rest of the world and the interest payments she had to make to foreign countries on American securities held abroad, the expenditures of American travelers abroad and the ocean freight charges she had to pay to others, about balanced the value of her pre-war favorable balance of trade.
If he expresses a wish to leave Germany before the end of the war and the wish is granted, he feels that a great favour has been conferred upon him and he is supposed to feel himself morally bound to be "good" to Germany in the future. The American journalistic colony in Germany is an entirely different thing from what it used to be in pre-war days.
Throughout Japanese politics since the Restoration, there are two separate strands, one analogous to that of Western nations, especially pre-war Germany, the other inherited from the feudal age, which is more analogous to the politics of the Scottish Highlands down to 1745.
Government expenditures must always share in this growth. Taking into account the factors I have mentioned, I believe that present Federal expenses are not far out of line with pre-war expenses. We have nearly accomplished the deflation. This does not mean that further economies will not come. As we reduce our debt our interest charges decline. There are many details yet to correct.
To change the conversation, he added after a pause: "The little car's running splendidly." They swept through the familiar old-world streets, which, now that the early frenzy of mobilizing Territorials and training of new armies was over, had resumed more or less their pre-war appearance.
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