The Industrial Revolution

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:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

52 Houmania carried out her obligation of changing the kronen, at the same time as the operation of changing the notes issued by the German army of oc cupation, whereon likewise ensued a suplimentary issue of 1.463 million lei, the security for which is still in the hands of Germany, and also changed the rou bles found in Bessarabia amounting to 1.208 million, the security for which is completely missing, till some arrangement is arrived at with Russia. II Liberation quota The liberation quota is a contribution imposed on the succeeding States of the former Austro-Hungarian Monarchy in the interest of the common mass. We have mentioned the contributions and the sacrifices made by Roumania for the freedom of her national territories, so that the creation of a fresh contri bution under the name of a liberation quota »can only appear as an injustice, following on a war waged for the triumph of liberty and justice. In the same way we must not forget, that at the time when this contri bution was imposed on Roumania, it was considered that the liberation quota would be levies out of the active balance of the reparations, and not out of today’s passive balance produced by the manner the treaties have been applied. The liberation quota is an obligation of a quite exceptional nature, stipu lated outside the treaties, at the time the treaty of Saint Germain with Austria was signed at a time when the fundamental principle of the trea ties—(obligation of the enemy to repair all Rosses integrally) had not yet suffered any modification. This obligation is inscribed in the arrangement of September 10 lh 1919, entitled „Arrangement concerning the contribution to the expenses for the li beration of the territories of the former Austro-Hungarian Monarchy", with the modificatory declaration of December 8 1,1 1919, accepted by Roumania on De cember 9 lh 1919 (Annexes 63, 64, 65, 67). By this arrangement Poland, Boumania, the Serbo-Croato-Sloven State and the Tcheko-Slovak State, are obliged to pay under the title of a contribution towards the charges and the expenses incurred for the freeing of their terri tories a sum up to I'/g milliard francs gold. This sum must be distributed amongst the above mentioned States, in conformity with the norms of distri bution of the Austro-Hungarian public debt, but with the observation that the share of Tcheko-Slovakia is not to exceed 750 million francs gold. By a separate arrangement also of September 10 1,1 1919 with the modi ficatory declaration of December 8 lh 1919 a special treatment was provided fur Italy (Annex 65, 67). The Commission of Reparations in carrying out these arrangements, by a decision in its sitting of November 4 th 1924, fixed the contribution of each State towards this liberation quota as follows :

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