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On 5 May 1921, the reparation Commission established the London Schedule of Payments and a final reparation sum of 132 billion gold marks to be demanded of all the Central Powers. This was the public assessment of what the Central Powers combined could pay, and was also a compromise between Belgian, British, and French demands and assessments. Furthermore, the Commission recognized that the Central Powers could pay little and that the burden would fall upon Germany. As a result the sum was split into different categories, of which Germany was only required to pay 50 billion gold marks (US$12.5 billion); this being the genuine assessment of the Commission on what Germany could pay, and allowed the Allied powers to save face with the public by presenting a higher figure. Furthermore, payments made between 1919 and 1921 were taken into account reducing the sum to 41 billion gold marks.
In order to meet this sum, Germany could pay in case or kind: coal, timber, chemical dyes, pharmaceuticals, livestock, agricultural machines, construction materials, and factory machinery. Germany's assistance with the restoration of the university library of Louvain, which was destroyed by the Germans on 25 August 1914, was also credited towards the sum. Territorial changes imposed by the treaty were also factored in. The payment schedule required US$250 million within twenty-five days and then US$500 million annually, plus 26 per cent of the value of German exports. The German Government was to issue bonds at five per cent interest and set up a sinking fund of one per cent to support the payment of reparations.In February and March 1920, the Schleswig Plebiscites were held. The people of Schleswig were presented with only two choices: Danish or German sovereignty. The northern Danish-speaking area voted for Denmark while the southern German-speaking area voted for Germany, resulting in the province being partitioned.[69] The East Prussia plebiscite was held on 11 July 1920. There was a 90% turn out with 99.3% of the population wishing to remain with Germany. Further plebiscites were held in Eupen, Malmedy, and Prussian Moresnet. On 20 September 1920, the League of Nations allotted these territories to Belgium. These latter plebiscites were followed by a boundary commission in 1922, followed by the new Belgian-German border being recognized by the German Government on 15 December 1923. The transfer of the Hultschin area, of Silesia, to Czechoslovakia was completed on 3 February 1921.
Following the implementation of the treaty, Upper Silesia was initially governed by Britain, France, and Italy. Between 1919–1921, three major outbreaks of violence took place between German and Polish civilians, resulting in German and Polish military forces also becoming involved.
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