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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76 of D&mbovija, Prahova and Buzau 1677 wells, of which 1047 in a state ol pro duction, 26 petroleum refineries the reservoirs at the oil fields and the factories with 8270 tons of oil and of oil derivates, with the whole plant were destroyed. The riches represented by the petroleum industry was the reflection ot the development of our State, and the principal store of energy of our natio nal economy, as it was the principal national combustible. Even it immedia tely after the war, we would have had the neccessary sums for restoring to work ing order all the destroyed oil-fields still it would have required a long time, and nobody can say that our national economy did not suffer, more than the da mage represented by this destruction, especially if it is considered what sum is allowed us for reparation and what sum would be owed to us. (An. 34). The production reduced almost to nothing in 1917 only just began to rise in 1918 without attaining however 50°/ 0 of what it was before this des truction. In 1925 six years after the war and with all the efforts made even bv the occupation army of the enemy it has hardly attained the prewar pro duction. This destruction created a special claim of ours onthe allies, arising as it did from a sacrifice made for the common cause. It cannot be included there foie in the policy of reparations and of the treaties, but must be taken into con sideration when we talk of our rights and obligations both arising from the treaties or against the allied States. By its very nature this claim has a pri vileged character. The central Powers weakening their other fronts, concentrated the whole action of their forces against Roumania, and the occupation of Bucarest was to be a mirage, which on the one hand would give their subjects the idea that the war was soon to finish by the complete rout ot the allies, and on the other hand, that they would be able to execute the whole plan which had been experimented a long time before in the other countries which had fallen under the German occupation And fortunately in 1916 the Rouma nian army reduced from the beginning of the war to its proper forces, as the Russian army did not arrive except at the monnent of the retreat, was obliged to choose, with an aching heart a new point to lean upon between Focs-sani and the Danube in the Galatz region (Nomoloasa- Focyani). The exodus of the retreat during the hard winter 1916 — 1917 are exemples of the sacrifiice which we can only explain by the unshakeable faith of the nation, that the struggle in which it was engaged could only lead it to victory. SECTION II THE RETREAX TO MOLDAVIA. Retired in a corner of the country which represented ^ of the area of the territory, the Roumanian State began to reorganize its army placed in

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