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:: 1732429189

URN:: urn:nbn:de:zbw-retromon-107088

Document type:: Monograph

Author:: Kalveram, Wilhelm http://d-nb.info/gnd/116035447

Title:: Bankbuchhaltung

Place of publication:: Leipzig

Publisher:: Gloeckner

Year of publication:: 1926

Scope:: VIII, 196 Seiten; graph. Darst.

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: B. Die Buchhaltung in den Betriebsabteilungen

Collection:: Economics Books

71 Roumania’s action in the neutrality period, shows in a concrete manner the nature of her participation in the war on account of her exceptional geo graphical situation Though in a formal manner she was not yet at war still she was considered as an ally, and loans and war material were accorded to her in spite of the difficulties which the great belligerant Powers had'to meet. This was on the one part a manifestation of confidence in the action of Rou- mania who did not conclude the treaty of alliance till August the 4 lh 1916. On the eve of joining the war and on the other hand an acknowlegement that though the geographical situation of Roumania did not allow her to approach the armies of her future allies she was nevertheless a factor which by her very reserve contributed from that moment to the common action. This was the situation till August the 4 lh 1916, when Roumania took a final descision and concluded a treaty of alliance and a military convention of August the 4 lh 1916. Which only preceded her entering into action by ten days. SECTION II. THE FINANCING OF THE ARMED NEUTRALITY PERIOD (1914-1916) The fruits of our economical prosperity before the war and a healthy po - licy ol securing the issue of the National Bank enabled the Roumanian State to contract four loans of a hundred million each at the issue Bank (annex 24) for the need of the preparation of the army, as follows : On September 12"' 1914 a hundred million lei. On December 20"' » » » » » On June 15 st 1915 » » » >, On December 19 st 1915 » » » » So it is to be re mar Iced that for these four loans the State paid to the nati onal Bank a metallic security of ninety nine million elective gold proceeding for the greater part from the custom duties on export levied in gold or from the con tracts for cereals which we will speak of lower down. Subsequently the value of these four loans was reimbursed to the issue Bank from the proceeds of the four hundred million "National loan-- ot April 1916, this loan was a manifestation of the solidity of this financial organization but which in any case was not sufficient to support the expenses of a war even in the preparation period. For this object Roumania was obliged to apply to te financial aid of the triple Entente nations. 1. Loan in Italy on December 10 st 1914 the »Banca dltalia* on the applica tion of the national Bank of Roumania consented to open the Government a credit up to the sum of 10 million Italian lire in exhange of treasury bills

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