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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34 Damages after the list presented to the C. 0. R. milliards in fr. gold Claims allowed by Spa agreement TOTAL Proportion Against Germany 132 mil. marks gold Against Austria, Hun gary, Bulgaria 12 mi lliards milliard M. C. "lobetween damages a claims allowed (*) °lo | milliard M. C. % milliard M. C. British Empire . 64.0 22% 29.0 H°/o 1.3 30.3 47.3»/ 0 France 218.5 52% 68.6 26% 3.1 71.7 32.8°,, Italy 74.2 1QO/0 13.2 25% 3.0 16.2 23.1% Belgium .... 36.5 8% 10.5 4% 0.4 10.9 29.8% Servia 27.7 5% 6.5 10% 1.2 7.7 27.4°,„ Roumania . . . 31.1 i7o 1.3 1% 1.8 3.1 1.0% By these figures we can see that while the percentage proportion between the damages suffered and the claims allowed, varies for the other States from 23°/o to 47% Roumania gets the lowest quota of 10%. And we must not forget that the figure of 31.1 milliards, from which we reckoned above, represents for the Roumanian State only the damages suffered, and the issue of the "Ranca Generala« notes, without adding the other special claims of Roumania’s and the obligations imposed by treaties of Peace. In the light of these figures, the Spa agreement and the quota granted to Roumanian are eloquent enough. The German payments on account of the reparations, after the quantum of the war debt established at 132 milliards of marks gold, were hard to obtain. A first moratorium was granted to Germany in 1922, and only the non acceptation by the Reich of the conditions for a second moratorium which the allies were willing to grant, obliged some of the allies to proceed to the application of the sanctions, by the occupation of the Ruhr on January 11 th 1922, and the direct recuperation of the right of the allies. Towards the end of the year 1923, the Commission of reparations, applying the provisions of article 234 of the Treaty of Versailles consented to reexamine the question of German possibilites and to determine anew her deb t for reparations To this intent, the Commission of Reparations, delegated, on November 30 th 1923, a commission of experts to study the question, and to refer. The London Conference of July—August 1924, was called for settling the appli cation of this plan by the interested Governments. (Annex 57). The plan of the experts modified, and become now Dawe’s plan, puts the question of the German reparations on another footing, fixing a new stage in the evolution of the application of the treaties. In fact, according to the treaty, Germany’s debt was fixed and global, engaging all her resources, without any other right of interference for the Commission of reparations, besides demanding the payment for the amounts and in the prescribed delays. Dawe’s plan destines certain ressources of Germany’s for paying the repa rations, it imposes the forming of a budget, and constitutes organs which within the German administration should assure the payments. In Dawe’s

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