104 
II. EXPENSES MADE FROM THE RESOURCES OF THE ROUMANIAN STATE 
A. In the Country 
1. Cash. : 
Lei 4.932.320.182,69 for the needs of the army. 
» 2.715.743.196,31 » „ » » » land empoverished by the aimics 
of occupation. 
Lei 7.648.063.379,00 (one pound sterling- 400 lei) 19.120.158.00,00. 
Nota /. — This sum has been oblaiued 1'rom the following loans : 
n) bans after the armistice accorded by the banco Nationals (decre 
asing the monetary unification) Lei 3.774.008.579,— 
ti) The loan of the Union » 1 143.143.800,— 
c) The loan of the Restauration • 2.730.911.000,— 
Lei 7.048.003.370,- 
Nota 2. — The conversion of the sum of 7.048.063.379 in pounds 
sterling has been made at the rate of 400 lei= 1 £ sterling. As the pa 
ying of these sums will be male in a period of 15—20 years for the 
loans accorded by the Banca Na{ionala and in a period of 40 years for 
the sums of the loans of Union, and as on the other hand, the value 
of the leu will increase, the value of those expenses will be greater 
than the sum of : 
£ 19.120.158.00.00, which sum must be considered as a minimal 
value in pounds sterling. 
2. Internal Treasury Bonds: 
Lei 685.500.000, 400 lei = 1 ^ £. 1.711.250 
Xota. The sum ot these treasury bonds has served for the needs of 
the country empoverished by the enemies armies of occupation. 
3) The consolidated Treasury : 
hilh £. 30.000.000. 
is deducted 15°/ 0 , that 
is to say £ 4.500.000, spent 
for restoration and which 
enters in the general account 
»losses« £ 4.500.000 Rest £ 25.500.000.00.00 
4) The requisitions made in this period have 
been quoted to the sum of 1.000.000.000 lei . 
cash spent. Report ... £ 
46.331.408.00.00