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Reparations have a troubled history, and rightly. The word itself, in its familiar sense, seems to have been a euphemism thought up by lawyers after the first world war. President Woodrow Wilson had promised a peace ‘without indemnities’. So no indemnities: ‘reparations’ instead. It sounded less objectionable. It was further agreed that liability should cover
In January last year, the Church Commissioners, who run the Church of England’s investments, published a report into one of their main predecessors, Queen Anne’s Bounty. The report said the Bounty had invested the rough equivalent of £440 million today in the slave trade, via the South Sea Company, between 1720 and 1740.