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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61 The working of these lines under the Hungarian and Austrian rule, was done by the State in the conditions laid down by the then existing laws. By the annexation of these territories, the contracts concluded with the private companies, passed into the hands of the State, with all the charges therein stipulated, charges which for the greater part do not correspond to the advantages these railways produce. It is a question of railways, whose working has always been in deffi- ciency, and of railways which could only be put to some profit through new and important investments, in order to give them the solidity and the neces sary material for an exploitation, and direction towards an outlet in view of which they were not ciealed. A rough idea of the charge which will ensue for Roumania fiom this in heritance can be gathered from the examination of the table of the approxi mate situation of the railway companies worked by the State in annex. 46. These railways both by the bonds which will have to be issued for buying them up, so as not to depend on companies belonging to our former enemies, as for assuring the requisite service of the loan, as provided in the contracts of the concession, represent a heavy burden, which to this days has not been inscribed in the Roumaniant budget. - CONCLUSION Not for the first time did Roumania expose before her great allies the quite exceptional situation in which she is placed by the application of the treaties. Roumania who understood the necessity of solidarity between the allied and associated Rowers, as well during the war they waged for the common cause, as for the time following the war, and indifferently of the damages she suffered, does not ask for more than a treatment equal and proportional to the sacrifices she made. She always urged that the entire complex of the treaties forms an indivi sible whole : rights and duties closely connected, so that, the modification of the one without the mitigation of the other upsets the equilibrium of the whole structure, and threatens to crush under its burden some of the Allies. Any body may see clearly that if a reduction is made in the claims for re parations the obligations must be revised after the same norms in order to avoid the injustice which might ensue for some of the Allies in favor of our former enemies. By the explanations given above, we may see that practically the treaties of peace have determined certain rights and obligations between the allied states and the former enemies. The claims of Roumania in respect of reparations should be recovered in part out of the reparations due by Germany, and in part out of those due by Austria, Bulgaria, Hungary and Turkey.

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