reparation by equivalent. They eaw no reason why that concept ehould be absent from article 8, 362. Considering the different views expressed - some members finding “economically assessable” unsatisfactory and other members finding it acceptable -the Specie1 Rapporteur was ready to give the question of terminology some further thought. He submitted, however, that it would not be easy to find a better expression to indicate the criterion to be followed in determining the amount of pecuniary compersation. Any other criterion was bound to appear either too g\*neral or too specific. The necessary latitude was left by the chosen criterion to arbitrators and to the parties, In his view, equity was an implicit element of any rule or decision; and the same applied to reasonableness. An express reference to earlier elements might distort the general principle enpressed in the -my 7341 ca8e which had met, it seemed, a very wide acceptance in the Commission. Equj s.y and 25141 SIdprra, note 240. - 198 -reason could not lead naturally any arbitrator to take due account of the circumstances of the case1 among those, the respective economic and political conditions of the parties in the case. As regards finally the suggestion that one extend to pecuniary compensation the “excessive onerousness” limitation proposed for restitution in kind, the Special Rapporteur explained that that limitation was envisaged in article 7 only in a relative sense. It was used notably in connection with the relationsh:, between SW, on the one side! and pecuniary compensation, on the other sides and allowed the offending State to revert to pecun’ary compensation from m re in case the latter proved to represent an excessive burden. 363. The second issue on which many comments were made was pecuniary ctimpensation for “moral damagett. Some members were not convinced by the
**Analysis**
The text appears to be discussing international law and the principles of reparation and compensation, specifically in the context of international disputes and arbitration. The language used is formal and technical, indicating that the subject matter is likely related to international relations and diplomacy. The discussion of economic and political conditions of parties, as well as the concept of "excessive onerousness", suggests that the text may be related to international economic or trade issues.

**Category**
International trade, Law