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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is about 10.55 out of the aggregate of the reparations owed by these three States. All calculations on the reparations of Austria and Hungary are impossible, because as we showed in the respective chapters, the quantum of the reparations owed by these States, have not yet been determined. At the time the delay was accorded to Hungary, was fixed an advance of 200 million kronen divided over 20 years, out of which Roumania’s share of 20.55°/o would be 2110000 kronen gold. Besides the payment of Austria’s reparations was altogether put off for a period of 20 years, a period during which Roumania has nothing to expect. As regards the payment off Bulgaria’s reparations out of the total of 2.250 million francs gold, a fraction of 1.700 million, was carried over without bear ing any interest to 1953 while the other fraction of 550 millions was divi ded over a period of 60 years. Calculating the quota of 1055 per cent allowed to Roumania, on this last fraction, the share of the Roumanian State is 58.025.000 francs gold. 3. Special claims which Germany will have to pay us. a) The value of the issue of »Banca Generala“ notes 1.463 million lei gold'). This sum represents the notes changed by the Roumanian State, notes which must be considered in gold, seeing that they were given by the armies of occupation tor paying goods and especially corn at the prices fixed by those armies, which were below the real prices; b) The value of the anticipated enforcement of the Treaty of Bucarcst(1918) calculated at about 1.600 million lei. The prestations imposed and taken were reckoned according to the prices fixed by the armies of occupation which were much below the real prices. For this reason the value of the anticipated enfor cement must be taken in gold, considering that the difference between the prices imposed by the armies of occupation and the real prices covers amply the dife- rence beween the value ot the leu and gold in 1918. c) The gold which must be recovered from the Austro-Hungarian Bank, afer the most optimistical expectations Roumania’s part will be about 70 mil lion kronen gold, out of which she has received up to now the following sum 4.797 9014,36 kr. gold, 384.328,07 dollars and £ 32.203.14.1, as well as £ 69.329 and 1.195.200 dollars in 10 year bonds. Roumania’s losses 1. The losses suffered by the Roumanian State, amount to 28.926 million lei gold, (according to the schedule presented to the Commission of repara tions, out of which the value of the »Banca Generala« notes was deducted: 2. The value of the issue of the »Banca Generala-- notes amounting to 1.463 million lei gold. i) The Ilancit Generala showed an issun of 2.173 millions.

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