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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The destruction of this industry was so complete, that even after 5 years since the conclusion of peace, all the wells have not been able to be put into working order, and only just this year, the pre-war production has been arri ved at, by heavy sacrifices, as Roumania has not yet received any thing for these losses. Besides this, Roumania suffered also other damages, on account,of the interest the allies hal to prevent, by all possible means the enemy from getting supplies. These damages besides those provoked by actual war operations, consisted in destruction of bridges, technical works, stations, railways, buildings, depo sits, and factories which were unmounted, and destroyed by order, even in localities which were outside the fighting zone. We will quote for instance the destruction of a part of the bridges across the Danube at Cerna-Voda, 2 ) the unmounting and the destruction of factories in Rraila and Galatz, the destruction of agricultural plant in Muntenia and Oltenia, Several times in the carrying out of these orders, excesses were committed, the Russian armies destroying more than was absolutely necessary. The value of these damages and destructions stands out still more cons picuously if we consider that two thirds of the territory of Roumania was in vaded by fighting, and that the whole country and more especially Dobrogea was defended inch by inch by battles spreading ruin all around. In these circumstances the damages caused by the war spread over the whole area of the country, for a front of battle was not localized, till the whole terri lorry occupied by the enemy, was completely destroyed by retreating battles. The invaded territory remained 2 years a prey to the most ruthless specu lation of the enemy, who got its supplies from here, by the most abusive and unfair means, till it had completely exhausted every thing. One of the means of despoiling the population of the invaded territories was the issue of nBanca Generala" notes, by the hostile administration, by which under the false appearance of a real payment, goods to a value of 3 ) 2.173.000.000 lei notes issued, were carried out of the country. vices to the Entente, bU has din inished in a considerable meastre, the supply of our arnry and of the country in oil. The lack of oil, of which Germany suffered, must be partly traced to this fact. The military administration invited into the country, men web up m the peholeum incusti y m Roumania, and began actively to fulfil its second very important task, which consisted in reestablishing the oil production en the one hand by puttling right the wells that had been fil ed up, ai d on the other hand by operating new drillings, and restoring the refi neries so as to enable us to take up the work. The oil production rose, but slowly. i) Roumanian oil pioduclion from 1912 till today bar been in Ions as follows: 1913 1.885.225 1921 1.165.765 1917 517.494 1922 1.327.915 1919 920.437 1923 1.571.302 1920 1.168.914 1924 1.860.471 The bridge across the Danube at Cerna-Voda was destroyed at the express request of Gereral Ber- thelot, made in the name of the afiies (Annex 11) 3 ) The sum of 21 73 milieus, represents, according to the registers w hich were found, the value of the notes put into circulation by the armies of occupation. Out of this issue only 1453 millions were changed, the rest representing the notes which were held by the Roumanian population who did not change them in time, or by the notes taken by the the armies of occupation when they retreated.

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