Word: pitheads
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Dates: during 1924-1924
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...reparations. Reparations in kind would be obtained by means of orders in Germany, conducted in the usual commercial manner through the gold issue bank from the funds made available to che individual nations from the income from these sources. Should France want coal from the Ruhr, she could pay pithead prices to the owners of the Ruhr mines by drafts on her credits deposited in the gold issue bank. Thus military occupation and accusations of bad faith would be obviated...