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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8 4. The internal cares which worried her at that time both by the conti nuation of the war on the Dniester and the Tisza and by the needs she was in ot normalizing the internal life of a State which was almost newborn out of the war, and which had to unify four different regimes. But now it is not we that raise this question in order to reestablish our rights which are trampled under foot or injured, but on the contrary the hurry which is shown to make us pay our obligations by anticipation, forget ting that they were closely bound to our enemies first fulfilling their obligations reduced, put off completely for gotten: thus succesively by the Innsbruck agree ment we are requested to pay by anticipation the pre-war debts of Austria and Hungary against us, when to these States were granted not only adjourn ments of their payments but even assistance in money, and when the damages to be paid to the Allies States were not determined and are not eren determined to this day. And whm later on the experts of Dawe’s plan desir ing to limit thier action to the study of a single question the possibility of Ger many to pay, left the division of the sums paid by Germany and the establish ment and priorty of payments and the settlement of our special claims recogniz ed by the Armistice Convention and the treaty of peace (the recovery of the value of the Banca Generala notes, the payments made in accordance to the Treaty of Bucarest of 1918 repealed by the Treaty of Versailles) these claims were to form the object of the futur negotiations or conferences. At last lately a tendency existed for demanding the issue of bonds, which were to be given to the common treasury, for the liberation quota, that is a new payment made by us to cover the needs of our former enemies which were alwayr put off and assisted As we showed in different memoirs this would mean not only our paying instead of our former enemies, but what is more, by the heavy charges laid on us it would mean laying fresh charges on the Roumanian rate payer without giving anything to our own sufferers, this would make any kind of restora tion or endowment i impossible and would even destroy the fruits obtained for our financial consolidation which up to this day has been done by our own selves. The appeal brought by Germany before the Commission of reparations for the notes of the Banca Generala, which was called to meet on November the 3"' d in Prague, to carry on the application of the Innsbruck protocol, are new points in the development of this new attitude. Parallel with this new tendency in the application of the policy of repara tions the question of the settlement of the interallied debts was set before us nearly for two years it came by two differrent channels oweing to the tendency of England of connecting these loans to the claims which we had against England and France for the destruction of our petroleum wells (see the applications made in 1920 to M r Titulesco then Minister of Finance, another on the part of the United States of America, which in 1924 put before Roumania the question of settling

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