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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will be obliged for many years to make sacrifices out of her own resources, width she might have turned to another destination and to make supplementary, efforts. The railway lines in the freed territories for which she has to pay heavy debts by assuming the Austrian and Hungarian public debt can only be put economically to use afer new and important investments for these lines to be united to the lines of the former territory in order to go towords their na tural outlets. I he organisation of her Jluvial and more especially of her maritime ports will necessitate great expenses before they are in a state to suffice for the traffic which will necessarly be opened by a free and international regime of the Da nube and the granting ol the mouths of this river to its natural hinterland. she present system of Roumanian railways consists in four different bran ches formed by the lines of the former States which included provinces which are now freed. The Hungarian lines in Transilvania going towards Pest and Fiume, the Austrian lines in Bucovina going towards Lemberg and Vienna, the Russian lines in Bessarabia going towards Odessa and Kiew must all be connected with the lines of the lormer territories which are the only ones leading to a normal outlet namely the Danube and tho Black Sea as well as with the new frontiers of the neighbouring States established by the late war. In regard to this we can give as an example the situation in the north of Transilvania where the railway connection between the towns is made by cros sing the Tcheco Slovak territoires, situation that cannot be admitted any lon ger, and for the remedy of which great expenses are necessary. For the complete unification of the lines we will have to build at least 2.000 km. of new lines. Economical and Financial Institutions which had their basis in the com plex relations in the capitals of Hungary and Austria can no longer be of any use in the new situation unless they are connected with the natural econo mical financial lines. Besides her political economical and financial development Roumania must also think of the development of intelectual culture she must make great efforts and as speedily as possible for the intellectual progress not to feel too much the lost time during the foreign occupation which prevented a larger mass of the population from developing itself according to its aspirations. Institutions of Roumanian culture, of course must be created in proportion with the present situation of the Roumanian population which will necessitate new charges over and above the heavy burden which we inherited of keeping up the institutions we found and which had profited to the former masters. For instance in Transilvania the Roumanian population which was over 3.500.000 only had three upper schools whereas the German minoritary po pulation had nineteen, and the Hungarian population had 50 big schools for a nunber of 1.300.000 inhabitants.

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