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  (decreasing ­

  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  paying ­
  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