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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39 that the Commission of reparations, should fix Austria and Hungary’s debt for reparations, in conformity with article 179 of the Treaty of Saint Germain, and 163 of the Treaty of Trianon, mentioning in express terms that whatever be the result at which the Commission of reparations should arrive, the total sum to be distributed between the Powers, taking part in the reparations, shall not be below the sum total of the value of the property transfered by Austria and Hungary, plus 6 milliard marks gold, plus Bulgaria’s debt, fixed according to article 121 of the Treaty of Neuilly. This obligation of fixing Austria and Hungary’s debt, has not been carried out to the present moment, by the fact that Austria by the decision of the Commission of reparations No. 2.400 of February 20'", 1923, and Hungary by the decision of the Commission of reparations of December 1923, obtained an ajournment of 20 years, beginning from that moment, of their obligation of paying repara tions (Annexes 30, 31, 33, 34). Roumania and the succeeding States to Austro Hungary seeing the unani mity of the great Powers could not refuse to adhere to this ajournment, but Roumania realizing to what an extent this ajournment would rehect on her situation, declared formally that she adheres, only on the express condition that the obligations proceeding from these same treaties for her, should also be suspended likewise for a similar lapse of time (Annex 31 and 34) also if these obli gations are not carried out fully in accordance with the clauses of the sie<nt\, Boumania’s obligations must also be completely cancelled. As we see, Austria and Hungary’s reparations were meant, in the intention of the great Powers, on one hand to go for repairing the injustice committed in the distribution of the German reparations by the Spa Conference, and on the other hand to compensate the other obligations deriving for the succeeding State from the application of the treaties. These reparations put off for such a long time, can be considered by us as inefficacious for the restoration of Roumania, so that all hopes and expecta tions founded on them are useless, they create however for us a situation, which we are obliged to take into consideration on account of the obligations which are laid on us, and enforced. SECTION 11 Treaty concluded with Bulgaria and its application. Treaty of Neuilly- Seine of November 27'" 1919 and the Sofia Protocol of March 21 s ' 1923 Bv article 121 of the Treaty of Neuilly of November 27'" 1923, Bulgaria 1 ) is obliged to pay reparations amounting to 2.230.000.000 fmr.es gold, in half yearly instalments, the first beginning on July I s ' 1920. The payments to be made to the Commisfion of reparations, by the interallied Commission in Sofia, pro vided by article 130 of the said treaty. This express and precise obligation, was i) The Treaty of Neuilly came into effect for Roumania on September 4-th 1920, and the delays begin on August 9-th 1920 (Annex 36).

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