Le secours de chômage en Belgique pendant l'occupation Allemande

Bibliographic data

Monograph

Identifikator:: 1690007133

URN:: urn:nbn:de:zbw-retromon-103422

Document type:: Monograph

Author:: Mahaim, Ernest http://d-nb.info/gnd/116679514

Title:: Le secours de chômage en Belgique pendant l'occupation Allemande

Place of publication:: Paris

Year of publication:: [1926]

Scope:: XII, 322 S.

Digitisation:: 2020

Collection:: Economics Books

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3) Requisitions for maintaining the army of operation on the field of battle, a§ well as for recovering the requisitions made in our country for the same purpose. By Hungary’s giving up invoking this article, Roumania’s situation does not become better than before, so that the experts who drew up the first text of the report for the Conference of the Ministers of Finance in Paris, in January 1925, made a mistake when they tried to justify that by this renouncement on the part of Hungary, the Spa quota had become satisfactory for Roumania. This interpretation does no move than place, once more in evidence the injustice of tlie quota atributed to Roumania at Spa, an injustice which even the experts of the foregoing report had to acknowledge. In fact the membres of the con ference did not adopt the arguments of that report. (Annex 59). SECTION II Common obligations deriving from the Treaties of Saint Germain and of Trianon Now we will go on to analyse the obligations of Roumania, deriving both from the Treaty of Saint Germain and from the Treaty of Trianon, obligations which are common to these two treaties. I. The exchange of the kronen circulating in the freed territories Article 206 of the Treaty with Austria and article 189 of the Treaty with Hungary, obliged Roumania to withdraw from circulation, and to change in to national money, the kronen issued by the Austro-Hungarian Bank, circula ting in the freed territories. This obligation was carried out to the letter with heavy sacrifices, consi dering Roumania’s exceptional situation at that moment. In fact at that time, the Roumanian frontiers towards Hungary and former Austria were open, and even at certain points not yet determined, so that the inflation, and the invasion of kronen in the Roumanian territory, which was then considered as the most solvent amongst the succeeding States, could not be hindered. This is how we explain the fact that Roumania found in her territory 8.716 million kronen (paper) for which she had to issue and put in circulation 4.353 million lei. The issue of national currency without security, for withdrawing the kronen, contributed not only to the increase of the internal debt, but also to the increase of inflation, which had the result of a disastrous fall of our currency, just at a critical moment when our commercial export balance was particularly in our disadvantage. In exchange of these 4.353 million kronen Roumania only recovered out of the liquidation of the Austro-Hungarian Bank : 47.979.014.36 kr. gold. 32.203.14.01 £ 384.328.07 dolari. 69.329 £ in 10 year bonds. 1.195.200 Fr: fr: „ >,

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