The third of the territory which had remained Iree served as front of battle 
for the army which had retreated into Moldavia, as a refuge for the evacuated 
population, and some times as a place of destruction for the army of the Eas 
tern ally, which had deserted from its duty. 
A consequence of the hostile invasion was also the necessity of placing in a 
safe place, the Treasure and the public securities, and for that object, at the 
demand and under the guarantee of the allies, the Roumanian Treasure, con 
sisting of gold for the security of the National Bank notes, of the deposits of 
the Banks, of the Deposits Bank, of the jewels of the Royal family and of pri 
vate persons, of public and private art collections, of private goods etc. she 
whole of this Treasure and all these valuables, are retained in Rusia. (Annex 15). 
Roumania exhausted materially, numberiug 800.000 dead on the field of 
battle, or on the roads to refuge-that is 10°/ 0 out of her whole population — 
abandoned by the ally who was fighting on her territory, completely cut off, by her 
geographical situation, from her Western allies, is obliged, having also the im 
plicit as-ent of the allies to remain in an expectant attitude, when theaimistice 
of November 16 l " 1917 and the treaty o£,Bucarest of April 18'\ was forced on her. 
This latter treaty forced on her by the enemy, not however ratified by her, 
provoked for Roumania new andh^avy sacrifices, whose amount we will expose 
in another chapter. 
SECTION 111 
The continuations of the war (1918—1920) 
The lapse of time since April 1918, was not the least painful for Rou 
mania, for while not forgetting for a moment her final aim — of maintaining 
her army and her existence —in order to be able, at the right moment, to 
throw herself again into the fray by the side of the allies, which she did not 
hesitate to do in October 1918, when she enters the fray afresh, chases the 
enemy off her territory and takes part in the conclusion of the general armi 
stice in November 1918. 
For Roumania the war was not closed by this armistice, for in the spring 
of the year 1919, when the belligerant parties were proceeding to sign the 
Peace, Roumania had to take up the task of establishing order in Hungary, 
threatened by the anarchical revolution of her armies led by Bela-Kuhn. The 
war Roumania had to wage on this occasion was merely the continuation of 
the great war, whose latest events had taken place in the near East. The 
Roumanian State therefore continues the period of hostilities, to defend peace 
which was being threatened. 
This period during which the allies demobilize their troops, and begin to 
heal the wounds of the w ar, is made use of by Roumania for the common cause, 
bringing about the pacification of Hungary, the succouring of Tcheko-Slovakia 
and Poland, both threatened in the first period of their constitution by a hostile 
invasion of the communist troops.