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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54 Powers taking part in the reparations, in accordance with the percentages fixed by article 2 of the Spa arrangement. If at the time these bonds bearing series C are created, the Commission of Reparations, has not taken the decision, mentioned in paragraph 1, as above, it will distribute all the same, and at once a batch of bonds of series C, levied out of the lot of bonds of that series, according to the percentages determined by article 2 of the Spa arrangement, and for a total face value of 6 milliards of marks gold, besides Bulgaria’s debts. The Powers which shall have received payments in specie or in kind, from Austria, Hungary or Bulgaria, will remit to the Commission of Reparations, for cancelling purposes, bonds of C. series, for a face value equal to the pay ments received. The mode of paying State property, situated in the territories transferred by Austria and Hungary and of the contribution to the expenses of liberation, indicated in the arrangement of September 10 th modified by the arrangement of December 8' lh 1919 will be arranged according to the terms ot the annex hereto. Consequently the Commission of reparations and no other organs even the Government of a great Power, can claim the payment, nor the issue of bonds before the lapse of 3 months from the time the reparations due to us by Austria and Hungary are finally determined, and that only in the event of our quota of reparations being smaller than the obligations which we might have. As we showed in the proceeding chapters the quantum of the Hungarian and Aus trian debt is not yet fixed, and as may be seen from Sir John Bradbury’s letter, the former English delegate in the Commission of Reparations, we can not look to the possibility of such a decision for some time. III. VALUE OF THE TRANSFERRED PROPERTY. According to article 308 of the Treaty with Austria and article 191 of the Treaty with Hungary the goods and properties belonging to the Austrian and Hungarian Governments, situated in the freed territories, are acquired by the State to which the territory is transferred. The value of the goods and property acquired in this manner, will be fixed by the Commission of reparations to be placed to the debit of the State acquiring them, and to the credit of Austria and Hungary, on account of the sums due for reparations. The goods and property, of the provinces of the com munes and other autonomous local institutions as also of schools and hos pitals property of the former Monarchy will be transferred without payment or deduction. For the first time appears in Treaties of peace and exclusively for the States succeeding to the Austro-Hungarian monarchy, a payment for trans-

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