Rappard's solution would have significant consequences for the development of the mandates and for later neoliberal responses to decolonisation. He successfully proposed that the League make clear it would not approve any cessation or transfer of the mandate (including in the event of eventual independence) without advance assurance that the new government would 'accept responsibility for the fulfilment of the financial obligations regularly assumed by the former Mandatory Power', and respect 'all rights regularly acquired' under its administration. The people of the mandates would not be considered ready to 'stand by themselves' until they guaranteed the rights of private capital and respected contracts made without their consent.

Jessica Whyte, The Morals of the Market, loc. 92