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.

59 after five years of suppress ing or reducing certain advantages granted at pre sent under thai Protocol. The provisions of the Innsbruck Protocol and the organisation of the»Com mon Cash-- reminds us of the treatment to which was submitted the Ottoman debt before the war. Roumania always was a good debitor, whose public debt before the war, was always regularly paid, and will not suffer to be submitted to such a treatment. That is why the Roumanian Government refused to sign the Innsbruck Protocol, because it intends to settle the whole Austro-Hungarian debt in a manner which may be compatible with its sovereign rights. Rou mania on these terms is ready to settle her portion of the Austro-Hungarian public debt which accrues to her. On the other hand Roumania’s obligation to take upon herself a part of the public debt of the former monarchy, can only be looked upon in connection with the reparations which are due to her. Otherwise we would be placed in such a situation that the Roumanian ratepayer, not receiving anything for the dama ges he has sufferedwould be called on to contribute again, in favor of the citizens of former hostile countries, whose debts have been reduced or ajourned. And what is still more abnormal, they would receive a great part of these payments in gold, when it is well known that these States have almost completely anulled their internal public debt after the mon- tary depreciation. If the secured debt can be justified more or less, by the value of the railroads, or other investments existing in the transferred territory, really the unsecured debt has no justifi cation, especially for Roumania, unless it be to throw a valueless claim to be paid by a more solvent debitor. We must hope that the negociations in course, and relating to the interallied debts, will settle this matter in a normal way before the meeting fixed for next November at Prague, and that Roumania will be able in consequence to leave her attitude of reserve. To the chapter of public debt, we must further add the socalled adminis tration debts, which were contracted before the war, by the different admi nistrations whose present seat is in the freed teritories. The situation of such debts, as regards Hungary will have to be arranged between the Roumanian and the Hungarian Governments, in accordance to the Convention concluded on April 16 11 1924. Probably that the same solution will be adopted for arranging the admi nistration debts, in Bukovina, as such a solution was favorably accepted by the Gommision of Reparations. CHAPTER V Roumania’s obligations deriving not from the Ireaiies, but BY CAUSE OF THE WAR, OR OF SITUATIONS CREATED BY THE DISMEMBERMENT of the Austro-Hungarian Monarchy 1) The pensions and the allowances to invalides, orphans and widows in the freed territories, charges taken up for considerations of humanity and ol generosity by Roumania, without there being any grant, on the pait of the former monarchy for keeping them up.

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