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

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

transformed by the Sofia protocol of May 21 st 1923 (Annex 37) into an obliga tion of a quite different character, which easing the situation of Bulgaria, char ges in the same proportion the situation of the allies, amongst which Rouma- nia comes in, who was expecting from the Bulgarian reparations, a corrective of the injustice committed at Spa. This protocol drawn up without the partici pation and the cognizance of some of the interested States, ratified on May 1 st 1923 by the Commission of Reparations, stipulates that Bulgaria’s debt for re parations, will be divided in two portions, named A and B for which the list of payments for July 9"' 1923 provides the following conditions. (Annex 38). a) Portion A must be paid in 120 half yearly unequal instalments to go on increasing more and more, of which the first payable on October 1 st 1923 amounts to 2.500.000 francs gold and the last on April 1 st 1983 amounts to 22.697.668 francs gold. This portion A frees the reparation debt of 550 millions francs gold, with 5 per cent interest from April 1 st 1923. b) Portion B constituting the right of the reparation debt, does not produce interest, and is not claimed from Bulgaria before April 1 st 1953. At that date the quantum of portion B will be determined, deducting out of the sum of 1.700.000.000 francs gold all the amounts placed to the credit of Bulgaria, not being the instalments of portion A. For the payments already effected, the fal lowing has been decided: the two half yearly instalments of October 1 st 1923 and April 1 st 1924 have been paid punctually by Bulgaria, and their counterva lue of 964.768,52 dollars, corresponding to 5 million francs gold, has been paid in by the Commission of Reparations, to a provisional fund, until such a time as an agreement on the cost of the armies of occupation and the Commissions of control shall have been arrived at between the al bed and associated Powers, of the one part, and Bulgaria of the other part, in conformity with the decision of the Commission of Reparations No. 2.692. This capital, deposited at the Bank has produced 21.344,65 dollars interest till July 31 st 1924. The Conference of Ambassadors, acting on behalf of the principal allied Po wers who signed the Treaty of Neuilly, decided on July 27 th 1923, that the in terallied Commission of Sofia, was to determine the cost of the armies of occu pation, and of the Control Commissions, and without waiting for the global sum to be fixed, to negociate with the Bulgarian Government for the recovery of these sums. A Protocol was signed on March 28 1,1 1924, between the Interallied Com mission and the Bulgarian Government for the reimbursement of the occupa tion expenses, by a lump sum of 25 million francs gold, bearing 5°/ 0 interest, and payable by half yearly instalments in a period of 10 years. The discharge of the pay lists attached to the Protocols guaranteed by the customs revenues, and the first maturity fixed for September 30' lh 1924. By a Protocol signed by the representatives of the allied Powers, and the Sofia Interallied Commission, it was agreed that any sum recovered from Bul garia under this title should be distributed in the following proportion : Great Britain 44°/ 0 , France 20°/ 0 , Italy 36%.

Access restriction

Copyright

fullscreen: 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

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation