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        <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</title>
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      <div>France, England the United States and Italy for the material help to be granted to 
Roumania so as to lead to a satisfactory conclusion the very hard task which 
she had undertaken in tlie middle of anarchy which was threatinngto invade the 
whole of Central Europe, was determined. 
Thus each of the Allied countries contributed in sending either war ma 
terial or ass'stance for suppying the population in order that Roumania might be 
able to put an end to this last phase of a general war, which had remained at 
her charge (anex 23). 
Examining in this chapter the assistance that was given to us, the character 
of Interallied loans is clearly to be given to these advances (An : 76). 
Being given the special geographical situation of Roumania completely 
surrounded by enenies, the supplies made by the Roumanian State during this 
period had a character of Interallied debts, as Roumania could not receive du 
ring the hostilities, provisions for her civil population as other States did under 
the occupation, to that the supplies du’ ing these periods, are nothing else than 
supplies carried on from the period of hostilities, an 1 which had become all the 
more imperious as the territory occupied by the enemy’s troops had remained 
after the retreat of the same quite destitute. 
Roumania received then from the Unite! States goverment for materials 
and supplies for the civil population, sums amounting to 3.612.849.494 S' see 
below the general account of debts. 
This situation which was already bad enough w«?s aggravated by a deci 
sion taken by some of the Allies of asking for the restitution ot some ot the 
means which had been given in Moldavia and which served as security for 
the issues for war requirements. 
IV 
Issue of external treasury bonds 
At the same time as this situation which practically represents for the grea 
ter part, the covering of war Expenses Roumania was obliged for the supply ot 
the population to appeal to the confidence of private commerce and to a-suie 
the payment for these supplies by treasury bonds expressed indifferent cunen- 
cies, amounting to one milliard four hundred million lei gold. 
These treasury Bonds were consolidated in 1922 by a loan of 30 million 
pounds sterling, converted at dil ferent rates according to the cmrency in which 
the bonds were issued and redeemable in 40 years. 
V. 
Advances made by the International Committee of Relief Bonds 
In April 1920, under the presidence of Sir John Bradburry an internatio 
nal conference met in Paris for helping the states which had suffered b\ 
the war.</div>
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