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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30 While 0,5 0 /o are reserved for Greece, Roumani.i, the Serbo-Croato- Sloven State and for the others not having signed the agreement, but which also have a right to reparations. By article 2 of the Spa agreement, the reparations to be received from Austria, Hungary and Bulgaria are also distributed, namely : the first half according to the foregoing quota, and the other half is given to, Italy 10 °/ 0 and 60 0 / 0 is reserved for Greece, Roumania, Sewia, and the other Powers not having signed, but which have a right to reparations. By this agreement Belgium receives an exceptional treatment; in virtue of the arrangement of June 16 th 1919, it gets by priority 2 Vs milliards of francs gol 1, while Italy obtains the favor of keeping back, out of the value of property granted under the title cost of the armies of occupation and for reparations, a sum equal to what the Commission of Reparations, would have passed to her account, and therefore Italy is not obliged to issue the bonds mentioned in Article 4 of the arrangement of June 1919, except if, and within I he limit in which her liability for the property granted, should not be covered by com pensation. Article 2 of the Spa agreement places amongst the sums to be shared by the allies also the payments which Italy, Roumania, Servia, Ceko-Slovakia and Po land have to make under the arrangement of September 10 th 1919 (Annex 63) and the declaration modifying the same, of December 8"' 1919 (Annex 64). This agreement concluded without the small allies being called or taking part, was brought before the Commission of Reparations for discussion on Sep tember 10 th 1920, at the meeting under the presidency of M' Louis Dubois. The President by the declaration he read out states that the arrangement concluded on July 16" 1 1920, at Spa, between the Governments of Belgium, France, Great Britain, Italy, Japan and Portugal, gives rise to questions of principle, and presents difficulties of application, on which he personally would like to make all possible reserves. ”On the questions of principle he thinks that he should remind them that according to the terms.of the Treaty of Versailles of June 28"' 1919, as also in fact to those of the Treaties of S' Germain and Trianon, the Commission of re parations is constituted until the final discharge by Germany and her allies, of the debt for reparations, and until the final winding up of accounts between the interested Powers, as being the exclusive representative of those Powers -. The President refers to the formal text of part VIII (annex 2 paragraphs 12 and 23 of the Treaty of Versailles). The Commission of Reparations alone has quality to study the complaints of the interested Powers, to hear the German Government’s observations on these claims, to estimate and to notify the amount of the damages for which Germany owes reparations, to establish the schedule of payments, to determine the dates and the modes of payment of her obligations, by Germany. After a whole series of most interesting considerations on the principles, the president goes on : »in matter of reparations the allied and associated Go-

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