The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

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Monograph

Identifikator:: 102318091X

URN:: urn:nbn:de:zbw-retromon-55477

Document type:: Monograph

Title:: The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

Place of publication:: Bucarest

Publisher:: Government Press

Year of publication:: 1925

Scope:: 1 Online-Ressource (115 Seiten)

Collection:: Economics Books

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26 economical ruin of Roumania, after the retreat of the armies of occupation (Ger man, Austrian, Hungarian, Bulgarian, and Turkish); the railways worn out by an intensive circulation, and left without repair and rolling stock *) the tele graph and telephone lines destroyed, the high roads in a state o f ruin, the bridges and technical works smashed, the forests cut down to a state of destruc tion, public and private buildings destroyed or ruined, the cattle exterminated or carried away, agricultural and industrial machines unmounted and carried off to Turkey and Bulgaria all this with the intention of binding Roumania for the future in the chains of economical slavery to Germany. This methodical and unsparing plunder can be proved by the fact that after the armistice, Roumania, formerly the granary of Europe, was obliged to import conserved aliments from abroad, and wheat from America and Ausralia to avoid the famine which threatened the population 2 ) II. SPECIAL CLAIMS OF ROUMANIA In the reparations due to Roumania, we must add another 4 classes of damages, which constitute special claims of the Roumanian State, out of which two are at the charge of our former enemies (Germany) and her allies and the other two at the charge of the allies. These claims are created by : 1. The forced issue of bank notes during the occupation by the enemy, for an amount of 2.173.000.000 lei 2 ) This issue was the means by which the Ger man administration of occupation, took products and valuables out of the country under the false semblance of an effective pavment. In fact by the aid of the »Bancx Generala Romano," the managemenl of which was in the hands of the Germans, the armies of occupation issued new notes expressed in lei, notes having as security a deposit at the Reichsbank consisting of a sum of marks in a proportion of 80 marks per 100 lei. The armies of occupation put into practice their scheme, by which, thanks to this issue, they were en abled to carry away under the semblance of purchases, all the products of the invaded territory, as the redeeming of the notes issued was, in the intention of the hostile Powers, to be put to the charge of Roumania. We must observe that the 2.173 millions issued by the armies of occupa tion, on two third j of the Roumanian territory, represents more than twice the circulation of currency in the whole country at the time Roumania joined the war (August 1916). In fact the monthly issues effected on the eve of the enfor cement of the Treaty of Bucarest (April 1918) are much larger than the earlier ones, as Germany being convinced that the charge of redeeming the notes, b Tli e number of cattle taken out the country was 6.689.202 head of cattle ont of which only the minim number of 45 000 could be got back. 9 The figure indicated tinhe books found after the retreat of the armies of occupation.

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