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Reading Niall Ferguson's Empire (Part 11)

Chapter 6: Empire for Sale (-p.363).
As for the broader reparation from Germany,

(T)his was done largely at the insistence of the Australian Prime Minister William M. Hughes, who discerned that his country would gain nothing if a narrow definition of reparations were adopted. (p.316)

The irony was that even as the Empire grew more economically important, its defence sank inexorably down the list of political priorities. (p.327)

Adolf Hitler repeatedly expressed his administration of British imperialism. (p.334)

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