The territories conquered by the Allies during the Great European War, and finally ceded to them by Germany in Articles 118 to 158 of the Treaty of Peace, and by subsequent Treaties with Turkey, Austria and Bulgaria, are administered, according to the Covenant of the League of Nations (q.v.), by one or other of the Allied Powers under an entirely new political code, i.e., by Mandates from the League of Nations. The exact nature of this new form of Government and political ownership, which, as capital and labour are being expended in these territories, it is presumed must be permanent, can best be described here by giving the somewhat vague clauses in the Covenant referring thereto.
