PART  II

THE  INTERALLIED  DEBTS  FOR  FINANCING
roumanlVs  WAR
Conserving  the  same  norm  adopted  in  the  first  part  of  this  report  v»e  will
now  examine  Roumania’s  interallied  debts  for  financing  the  war  during  the  two
periods  during  which  the  action  lasted.  The  period  of  armed  neutiality,  the
war  period  and  the  after  war  period.
CHAPTER  I
armed  NEUTRALITY  PERIOD  1914—1916
When  the  war  was  declared  in  1914.  Roumania  by  her  neutrality  had
cut  out,  for  all  those  who  could  see  clearly  her  line  of  conduct,  in  the  future
policy  which  should  agree  with  her  most  vital  interests  :  the  realization  of  the
hopes  of  a  race  divided  under  three  masters.
It  is  evident  that  the  policy  followed  by  her  until  then  in  the  orbit  of  the
Triple  Alliance,  on  account  of  the  attitude  of  Russia,  placed  her  in  a  very
hard  situation  from  the  point  of  view  ot  the  material  with  which  the  arrm
was  supplied,  as  well  as  from  the  point  of  view  of  the  financial  sources
which  were  absolutly  indispensable  for  a  war,  whose  duration  could  not  be
precised.
Although  she  did  not  mobilize  her  army  from  the  first  moments  of  the
general  war  she  had  to  proceed  quickly  to  a  systematical  mobilization  of  the
ressources  of  the  country,  so  as  to  be  able  to  cover  the  expenses  ol  concentrating ­
  her  forces  along  the  frontier  so  as  to  prevent  encroachments  both  for  strategical ­
  or  any  other  reasons.  The  display  of  these  forces  represent  the  first  material ­
  sacrifices  Roumania  made.  Parellel  with  the  priceless  tribute  of  her  neutrality ­
  during  the  period  from  1914  to  1916.
SECTION  I
roumania’s  contribution  for  the  cause  of  the  allies
Besides  the  material  sacrifices  which  Roumania  made  for  preparing  the
war  and  concentrating  her  forces  along  the  frontiers,  she  was  able  to  contribute
to  a  certain  extent  to  the  economical  blockade  which  the  allied  Government
had  laid  for  the  Central  Powers.