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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nd With the reserves made on these figures till their final verification from the following schedule we will see thai the debt of Roumania amounts to about the following amount principal. 17 million pounds sterling 36 » dollars 1.050 » French francs 116 » It. lire z Considering the diversity of the currency in which these debts are expres sed, and the diversity of their relation to gold parity, their addition in an accountable manner cannot be done, but simply a comparative account on the basis of legal parity. The Roumanian State as was shown in the contents of the report to the counsel of Ministers, as well as in the two memoirs (on the reparations and the interallied debts intends to proceed to settle these debts, taking into account the special circumstances in which they were contracted, of their quality of poli tical war debts, and of the conditions in which Roumania carried on the war, by the prolongation of her war, and by the fact that the supplies she made after the general armistice, were a direct consequence of her speculation by the enemy ; at the same time Roumania intends to settle the question of her in terallied debts, with the question of the reparations as she showed in this report. Her possibilities for paying is the principal criterium which must rule the liquidation of these debts. To take no notice of this possibility would mean to put aside from the beginning the possibility of fulfilling the arrangements which might be agreed upon for settling these interallied debts. The Roumanian State intends to proceed to settle all its interallied debts. Only by joining all these debts together can they be settled in a lasting manner, seeing that the arrangements made in respect of some of them might influence the payment of others. 3 ) This sum was obtained by taking ont of: 9.451.173.13. 4 1.353.195.15.8 paid to the different departments, by the Roumanian Legation in London ont of the varions 8.097.977.17.10 credits placed at its disposition at the Bank of England on account of material supplied to the Roumanian army during the war. 4 ) Relief bonds the capital benig £ 1.956.133 and the rest interest. According to the information of the Roumanian delegate in London the English account at present is : £ 4.311.814 material; » 12.260.144 advances; . 2.200.000 Relief Bonds. £ 18.771.958 6 ) On this sum of 22.766.808,55 the Roumanian Government makes reserves till an arrangement with the Italian Government is made. t) This sum was obtained by taking ont of 96.235.126,97 the following sums : 972.785 passed to war time expensis. 2.409.354,52 Ron manias creditor account. 8 ) With reserves for 65.568.79 dollars.

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