Full text: 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

8 
4. The internal cares which worried her at that time both by the conti 
nuation of the war on the Dniester and the Tisza and by the needs she was in 
ot normalizing the internal life of a State which was almost newborn out of 
the war, and which had to unify four different regimes. 
But now it is not we that raise this question in order to reestablish our 
rights which are trampled under foot or injured, but on the contrary the 
hurry which is shown to make us pay our obligations by anticipation, forget 
ting that they were closely bound to our enemies first fulfilling their obligations 
reduced, put off completely for gotten: thus succesively by the Innsbruck agree 
ment we are requested to pay by anticipation the pre-war debts of Austria 
and Hungary against us, when to these States were granted not only adjourn 
ments of their payments but even assistance in money, and when the 
damages to be paid to the Allies States were not determined and are not eren 
determined to this day. And whm later on the experts of Dawe’s plan desir 
ing to limit thier action to the study of a single question the possibility of Ger 
many to pay, left the division of the sums paid by Germany and the establish 
ment and priorty of payments and the settlement of our special claims recogniz 
ed by the Armistice Convention and the treaty of peace (the recovery of the 
value of the Banca Generala notes, the payments made in accordance to the 
Treaty of Bucarest of 1918 repealed by the Treaty of Versailles) these claims 
were to form the object of the futur negotiations or conferences. 
At last lately a tendency existed for demanding the issue of bonds, which 
were to be given to the common treasury, for the liberation quota, that is a new 
payment made by us to cover the needs of our former enemies which were alwayr 
put off and assisted 
As we showed in different memoirs this would mean not only our paying 
instead of our former enemies, but what is more, by the heavy charges laid on 
us it would mean laying fresh charges on the Roumanian rate payer without 
giving anything to our own sufferers, this would make any kind of restora 
tion or endowment i impossible and would even destroy the fruits obtained for 
our financial consolidation which up to this day has been done by our own selves. 
The appeal brought by Germany before the Commission of reparations for the 
notes of the Banca Generala, which was called to meet on November the 3"' d in 
Prague, to carry on the application of the Innsbruck protocol, are new points 
in the development of this new attitude. 
Parallel with this new tendency in the application of the policy of repara 
tions the question of the settlement of the interallied debts was set before us 
nearly for two years it came by two differrent channels oweing to the tendency 
of England of connecting these loans to the claims which we had against England 
and France for the destruction of our petroleum wells (see the applications made 
in 1920 to M r Titulesco then Minister of Finance, another on the part of the United 
States of America, which in 1924 put before Roumania the question of settling
	        
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