The second group includes:—

The advantages which Germany has assured herself for the present or for the future through the creation of Pan-Germany, which in turn result from

(a) Germany’s burglarization of her own allies—Austria-Hungary, Bulgaria, and Turkey.

(b) The seizure by Germany and her allies of Serbia; in all six elements:—

I. The Pan-German loans, which throw Austria-Hungary, Bulgaria, and Turkey into a state of absolute financial dependence on Berlin.

II. The value of Germany’s monopoly in exploiting the latent resources of the Balkans and Asia Minor, resulting from the Pan-German loans.

III. The inherent value of the creation of Economic Pan-Germany. This cannot fail to be a powerful instrument for the acquisition of wealth.

IV. The value of Military Pan-Germany, which is a guaranty of the security of Economic Pan-Germany.

V. The value of the enormous economic profits assured to Berlin through the existence of Pan-Germany at the cost of Russia. These are a direct consequence of the establishment of Military Pan-Germany.

VI. The taking over by Germany of at least 21 billions of French credit. This is a consequence of the establishment of Economic Pan-Germany.