INTERNATIONAL: 28 Billion Bill

Not until last week—more than ten years after the War—was Germany presented at Paris with a definite bill for reparations. The Dawes Plan fixed the maximum annual charge which Germany may be called upon to pay, but not the total sum. Last week at a plenary session of the Second Dawes Committee (TIME, Feb. 18, et seq.) the creditor powers presented Germany with a grand total reparations bill of $28,000,000,000, payable over 58 years.* Since the people of Germany roughly number 60,000,000, each man, woman, child and babe in the Reich...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!