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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consequence of which Roumania was obliged to deliver large quantities of products, food, cattle, war material, etc. The armistice of november 11 th 191# and the Treaty of Versailles in arti cle 259, § 6 providing Germany’s renouncing the advantages of the Treaty of Bucarest, and her obligation of returning the goods delivered, proclaimed Rou- mania’s right to an integral restitution : The damages caused to Roumania by the anticipated enforcement of the Treaty of Bucarest amount approxiinatively to 1.600.000.000 lei; (Annex44) For the reparation of these damages, the same obligation appears also for Aus tria in the Treaty of S‘ Germain, for Hungary in the Treaty of I rianon, and for Bulgaria in the Treaty of Neuilly. These States, after the negociations car ried on for the adjustment of other matters deriving from the treaties, which were pending, acknowledged Roumania’s right, leaving it only to determine the quantum coming to each party separately *). Besides these two special claims against her enemies, Roumania still has another two claims against her allies, namely. 3) Damages lo the oil industry produced by the destructions demanded by the allies, in the autumn of 1916, taking upon themselves these losses As we showed in chapter I, the total destruction of the Roumanian oil industry, was one of the sacrifices made by Roumania in the interest of the common cause, in order to deprive the enemy of the possibility of supplying themselves with pe troliferous products, a circumstance which strongly diminished their power of resistance (annexes 12, 13). The destructions demanded by the allies, were executed under the super vision of their organs, and the quantum of the damages was estimated both by these organs and by the mixed Anglo-Franco-Roumano Commission (annex 13). the part alone due to the private industry is estimated at about £ 10.000.000, for the State the damages are still greater. This claim of Roumania’s against the allies, is of a quite special character The destruction of the Roumanian oil industry is not a loss inherent to war operations but was provoked directly on the instant demand ol the allies, and after their solemn assurance, shat all the losses that would ensue would be integrally paid back, in order to restore as soon as possible to the natio nal industry, its principal combustible. These damages are of a totally special character, and must be recuperated by the Roumanian State, which on the other hand must compensate the damaged parties. This was the point of view which Roumania urged, in all the interventions we made, upholding strenuously the right of the State to receive this sum, and to distribute it to the damaged parties (annex 14). q Bulgaria, Hungary and Austria, eacli separately, signed a declaration that they were bound to negociate with Boumania, begining on January 1 st 1925, the question of restoring the dtmages caused to Roumania, by the anticipated enforcement of the Treaty of Bucarest, whatever be the result of the accounts, which these 3 States may have with Germany preceding from their negotiations in Berlin.

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