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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,< v . -'v 7. v 98 B) England After the official English account of November 1921, were accorded to the Roumanian State from the beginning of the war (1914) till the general armistice the following sums in material and advances in cash: Services made by dif- Roumanian obligations de year ferent English departe- advances in cash L. st. Total Debit tained by the English Trea- ments (materials) sury for the debt 1915/16 7.059.928.18.0 7.059.928.18.0 7.250.000 1916/17 4.514.164. 7.8 4.514.164. 7.8 5.250.000 1917/18 1.304-636.18. 0 559.693.18.5 1.864.330.16.5 2.600.000 1918/19 48.381.19.11 64.804. 2.1 113.186. 2.0 Total till the 11 th Nov. 1918 1.353.018.17.11 12.198.591.6.2 13.551 610. 4 1. 15.100.000 iVofa. We must deduct from this account the sum of 4.100.436.10.9. Pounds sterling, accorded in the proceeding period, so that the English account i > the period August 1916—November 1918 amounts to the sol lowing sums. 1) Material £ 1.353.018.17.11 2) Credits in cash . „ 8.098.154.15. 5 Total - ^ 9.451.173.13. 4 Nota i. From the advance in cash of L.st. 8.098.151.15.5, the Rouma nian Legation in London pi id to the »War-office. .Ministry of Munition., Ministry of Food., and to the .-Admirality- the sum of L.st. 1.353.195.15.8 which covers entirely the sum .Services made to the various English Depart ments materiels". Note 2.—Likewise out of the advance of 8.008.154.15.5 The Rouma nian Legation in London paid interest to the amount of L. st. 1.941.225.1-.1 Until the verification of the British discount the Roumanian Government ma kes special reserves about the payment of L.st. 1.353.195.15.8, for material paid and L. st. 1.941.225.12.1 (interest paid). 3. Drafts Barklay £ 600.000 remitted to the Minister of Finance in Iasi These drafts were not paid by the British Treasury 4. Credits not bearing interest amounting to £ 12.000.000 for security of the National Bank issue. Thee credits were granted in virtue of the convention of March 31 1917 (art. 9) in stock of the British Gove rnment not bearing interest remitted to the Bank of England for an equivalent sum of Roumanian Treasury bonds Total England . . . £ 600.000.00. 0 " 12.000.000.00.00 £ 22.051.173.13. 4 ') The sum of L. st. 12.198.591.6.2 represents the total of the 2 loans of 5 and 7 million L. st. granted to the Roumanian State in 1915, while what is over 12 million L. st., represents a fraction of the loan of L. st. 40 million granted in March 1917 and annulled. **

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