Mexico

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:: 1780202415

URN:: urn:nbn:de:zbw-retromon-166228

Document type:: Monograph

Author:: Sapper, Karl http://d-nb.info/gnd/116805382

Title:: Mexico

Edition:: 2., vollst. neubearb. Aufl. der "Wirtschaftsgeographie von Mexico"

Place of publication:: Wien

Publisher:: Seidel

Year of publication:: 1928

Scope:: 164 Seiten, [8] Blätter; Ill., Kt.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Wirtschaftsgeschichtliche Skizze

Collection:: Economics Books

to the bearer with a maturity of twelve months at the most and an interest of 6.5 o/o (Annex 2). The proceed of this loan went for covering orders necessary to the ar my till April 1915' 2. Loans in England the Bank of England consented on January 20 sl 1915 through the intervention of the English Government to grant a loan of five million pounds sterling (Annex 3) The fact that England being in war consented to grant the foregoing loan although there was no engagement to guide us towards entering the war, proved that they relied surely on our entering into action and the proof of this belief was not shaken by any kind of suspicion, is the fact that the proceeds of this loan, were used in expenses for the army as well as for other expenses of the State, which otherwise might have spent this money as it would have thought necessarv for all the State requirements. It was therefore an assistance granted to an ally which was preparing for war, and the fact that this advance was made us »a decouvert« proves that no other interpretation can be possible. Examining the use made of this advance, until Roumania entered the war we see. for the requirements of the army £ 3027769. 9. 8. for the other departments ^ 1027667. 1. 1. I). The first advance of 6ve million pounds sterling being spent, the English Government consented, by the Bank ot England to a further loan ot £ 7.000.000 on October 14 th , 1915. (Annex 4). From the examination of the terms of the agreement we see that whereas for the first advance there was a condition that the expenses to be effected were to be made with the assent of the English Minister of Finance, this second sum is granted without any kind of reserve, as this loan had a character ol allied solidarity. From the details appearing below, of the use made of these sums it clearly appears that they could be spent in all the allied and neutral countries for covering the expenses of our preparation and even for expenses ol other depart ments. The proceeds of this loan as well as the rest of the loan of five million pounds sterling mentioned above, was spent before the general armistice. III. LOANS IN FRANCE Like the English Government, the French Government on March 8' h , 1915 (although in war) consented in another form, that Roumania, in view of sup plying herself with war material and ammunitions should place her orders in i) For the detail see the general account published in the conclusions.

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