I come now to the question of reparation. Are the terms we have imposed unjust to Germany? If the whole cost of the War, all the costs incurred by every country that has been forced into war by the action of Germany, had been thrown upon Germany, it would have been in accord with every principle of civilised jurisprudence in the world. There was but one limit to the justice and the wisdom of the reparation we claimed, and that was the limit of Germany's capacity to pay. ... Is there anything unjust in imposing upon Germany those payments? I do not believe anyone could claim it to be unjust. Certainly no one could claim that it was unjust unless he believed that the justice of the War was on the side of Germany.