The ore-field of Briey, which is necessary for the supply of ore for our industry, to be ceded in any case. Further, a war indemnity, to be paid in instalments; it must be high enough to prevent France from spending any considerable sums on armaments in the next 15-20 years.

Furthermore: a commercial treaty which makes France economically dependent on Germany, secures the French market for our exports and makes it possible to exclude British commerce from France. This treaty must secure for us financial and industrial freedom of movement in France in such fashion that German enterprises can no longer receive different treatment from French.

Question whether Antwerp, with a corridor to Liége, should also be annexed remains open.

At any rate Belgium, even it allowed to continue to exist as a state, must be reduced to a vassal state, must allow us to occupy any militarily important ports, must place her coast at our disposal in military respects, must become economically a German province. Given such a solution, which offers the advantages of annexation without its inescapable domestic political disadvantages, French Flanders with Dunkirk, Calais and Boulogne, where most of the population is Flemish, can without danger be attached to this unaltered Belgium. The competent quarters will have to judge the military value of this position against England.

In view of the Dutch character, this closer relationship must leave them free of any feeling of compulsion, must alter nothing in the Dutch way of life, and must also subject them to no new military obligations. Holland, then, must be left independent in externals, but be made internally dependent on us. Possibly one might consider an offensive and defensive alliance, to cover the colonies; in any case a close customs association, perhaps the cession of Antwerp to Holland in return for the right to keep a German garrison in the fortress of Antwerp and at the mouth of the Scheldt.