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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"™" : ""'if-~^^rr -T. ^sT-TJ6= 56 the Hungarian and Austrian reparations, this on the basis of the very clear terms oi art. 208 ot the treaty with Austria and of art 191 of the treaty with Hungary, as well as of the agreements of September 10"' 1919, December 8 th 1919 and March 11 th 1922. 1 he Roumanian Government, from the veiy begining of the estimation of the reparations of this property put forth this point of view before the Com mission of reparations, on this occasion we had to observe that seeing the con tinual reductions and renunciations ocurring during the applications of the treaties, some of the allied States seeing their claims for reparations cut down, tried to recover some of their rights, by an exaggerated estimation of transferred property which would have to be paid by other allied States. This gave rise to the abnormal situation noticed by the Commission of Reparations in the course ot these estimations, where the delegates of some of the great allied States struggled for the increase of the estimate in favor of ex-enemy States. In tact, some ot the members of the Commission of Reparations of the same State explained to us in the course of conversations which we had with them in travelling abroad, the interest which their country Jud in recovering from us that which our former enemies will not pay. Against such an interpretation of the agreements, Roumania must oppose the justice of her cause and the texts of treaties and agreements which have been concluded. IV ROUMANI.Vs QUOTA IN AUSTRO-HUNGARy’s PREWAR PUBLIC DEBT Art. 203 of the treaty with Austria and art. 186 of the treaty with Hun gary impose on the succeeding Stats to assume their part in the Austrian and the Hungarian pre-war public debt according to the quotas and on the condi tions determined by the foregoing articles and their annexes. 1 he provisions ot the treaty make two large divisions in the Austrian and Hungarian pre-war public debt that is: a) Secured debt and ; h) Unsecured debt. According to the works of the Commission of Reparations the quota which accrues to Roumania for her share of the Austrian and Hungarian public debt is summed up in the following table: Towards Austria Secured debt Towards Hungary 11.825.800 kronen poper (capital) 303.370 german marks » 1.700.150 kronen paper (annuity) 71.941.574 french francs (capital) 38.575.000 kronen paper (capital) 67.252.500 kronen gold marks french fr. an £. st. (capita]) 41.712.000 kronen gold (capital) 636.877 french francs (annuities until 1965) 780.044 kronen paper (annuity)

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