Russian gold

Bibliographic data

Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The Russian Gold Reserve before and during the World and Civil Wars (1883-1921)

Collection:: Economics Books

3. kr 5 5 0 3 Ss 1 1 “1 E in ‘Romanoff’ notes and one-half in ‘Duma’ notes, and goods of a total value which it has been impossible to determine even approxi- mately, but which by far exceeds the value of the gold and banknotes remitted. The valuation of the goods thus remitted was effected at arbitrary prices, which were but a fraction of the prices actually current at that time in the Russian market, The amount in gold which had been remitted by the Bolshevik authorities to Germany was, in accordance with the armistice terms of November 11, 1918, turned over by the Germans to the ‘Allies. The disposition of the sums (including gold) turned over by Germany as a result of the annulment of the Treaty of Brest-Litovsk was formulated in the following terms in the Treaty of Versailles (Article 259, sections 6 and 7). ARTICLE 259 6) . . .. “Germany confirms the renunciation provided for in Article XV of the armistice convention of 11th of November, 1918, of any benefits resulting from the treaties of Bucharest and Brest- Litovsk, and from the treaties supplementary thereto. “Germany un.ertakes to transfer, either to Rumania or to the principal Allied and Associated Powers, as the case may be, all Monetary instruments, specie, securities and negotiable instruments or goods which she has received under the aforesaid treaties. 7) “The sums of money and all securities, instruments and goods of whatever nature, to be delivered, paid, and transferred Linder the provisions of this article, shall be disposed of by the prin- cipal Allied and Associated Powers in a manner hereafter to be determined by these powers.” In accordance with these provisions, the Russian gold remitted by Germany was taken over by the Bank of France for safekeeping. . As regards the gold which was kept at Samara and at Kazan, Its subsequent history was as follows. THE Gob Stock or SAMARA AND KAZAN In the month of June 1918, when the Czecho-Slovak movement Started in the lower Volga region, which resulted later'in the over- throw of the Bolshevist authority in the region where the Czecho- Slovak troops conducted their operations, the Bolsheviki transferred from Samara to Kazan a portion of the gold stock belonging to the Russian Treasury, which had been kept in the vaults of the Samara Branch Office of the State Bank. At that moment there was already In the vaults of the Kazan Branch of the Bank a certain quantity

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