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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55 served property, as if a territory - could be separated from all the investments made, for placing it in a position to live normaly in the state of the evolution of modern civilisition. The operations for estimating these properties, both as regards Austria as well as regards Hungary, are in course before the Commission of reparations which latterly has heard the experts of all the interested parties, and has still to give its final decision. In this matter we must remark lhat the Commission of reparations giving an unjustified scope to the idea of »biens et propriety - in the text of article 208, and 191 of the Treaties of Saint Germain and of Trianon, drew up an inven tory of the property which was to be estimated, and in which are included certain items which in no case can come within the notion of »biens et proprietes". In order to illustrate this interpretation we can quote the claim of esti mating and putting on Roumania’s account, the unknown contents of the soil, and the natural products (forests, etc.), which cannot be considered as -Mens et proprietes« except for them who extract them, and make them yield alter they are found. Even in the limits of the principles admitted in the matter of restituting the value of transferred goods by compensation, a broadening of the interpre tation like the one we quoted above, must be erroneous, as on the one hand the quantities of hypothetical goods would be reckoned (salt, me th an gaz metals which might be found) and on the other hand the restitution of the value of riches produced by nature, for creating which the former Austro- Hungarian monarchy did nothing, will have to be restored. Such an interpre tation could-be extended to any length so as to consider as riches to he trans ferred the very agricultural soil or human energ\. In this same inventory formed by the Commission of Reparations, were also put down as transferred "biens et proprietes«, balances in cash, balances in books, private deposits, as claims of Austria and Hungary, without consi dering that such values could not appear in the assets of these states, unless on the one part, these balances had been found effectively at the moment the territories were transferred or if Austria and Hungary should undertake to discharge all the debts and liabilities which these States owed to their na tionals. . . , . , The Roumanian experts discussed the estimates in the inventory which was presented to their examination but they made the reserves on the validity of inscribing in the inventory certain property which could not appear under that chapter. . The Commission of reparations will have to examine and to decide in c ue time on the just objections raised by the Roumanian State. Whatever may be the final estimate of the goods and properties ol Hun gary and of Austria, our point of view is that their can be no question ol an elective payment of the sum estimated, but at the most ol a discount upon all

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