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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29 4) The Roumanian Treasure, which was deposited in Moskow. al the de mand otthe allies and under their guard. r l lie elective gold alone in national and foreign coin, belonging to the Na tional Bank of Ronmania, represents a value ok 314.580.456 lei in gold destined, as security for its notes issue, and if we add the value of the other deposits belonging to the Bank, to the Deposits Bank, to the private Banks, the Rouma nian Crown jewels, the private jewels, public and private art collections, pri vate property etc. the value exceds 7.5 milliards (Annex 15). The gold of the National Bank with all the other deposits was entrusted into the keeping of the Russian allied State, upon the advice of our allies, and its de tention, or eventually making use of it, is an act which can find no justification. At the International economical Conference which took place in April-Ma) 1922 in Genoa, our right to the restitution of. this treasure, was recognized by the insertion of clause 13, in the proposals handed to the Russian delegation on May 2 nd 1922. (Annex 16). III. APPLICATION OF THE PROVISIONS OF THE TREATY OF VERSAILLES AS REGARDS ROUMANTA Under the Treaties, the distribution of the reparations should have been operated in the following manner. ' The Commision of Reparations as mandatary of the allied Powers, should have determined the total of Germany’s debt for reparatmns, and after that should have shared between the allies, according to the equity and the rights of each, fixing the delays and the modes of payment for Germany. This principle of equity, without any difference of rank, between the allies great and small, appears expressly written out in article 337 of the Treaty of Versailles (annex 27), in art. 183 of the Treaty of St. Germain (annex 29), m article 167 of the Treaty of Trianon (annex 32), and in article 121 ot the Treaty of Neuilly (annex 36), a principle which is recorded and provided in the Convention of August 17‘" 1916, concluded between Roumama and the allies just before she entered the war (annex 7). Expressly and solemnly mentioned in the Treaties, this principle was soon set aside, as by the Spa agreement signed on July 16"' 1920 (annex 47). the Governments of Belgium, France, Great Britain, Italy, Japan, Portugal, am without the allied States being present, although they refer to article 237 of the Treaty of Versailles, decide that the sums received for reparations will be shared in the following manner. The British Empire France Italy Belgium . . . . Japan Portugal . . . 22°/o 52°/o 100/0 8°/o 0.750/o 0.750/ 0 vav\;v 6’Vv L V ^ < - - v

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