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PART I 
The situation of Roumania in presence of the Treaties 
OF PEACE AND OF THE CONVENTIONS AND AGREEMENTS WHICH 
FOLLOWED THOSE TREATIES 
After seven years since the general armistice, after five years since the sig 
nature of the last Treaty of Peace, the state of uncertainty left by the appli 
cation of the treaties and their subsequent modifications necessitates an exa 
mination and a precising of lloumania’s situation in presence of these Treatiers 
of Peace, and of the Conventions and Agreements which followed. 
As regards Roumania this examination is more specially demanded, as 
whatever may have been certain unjust treatments provided in the original 
treaties, incidental proceedings, in most cases, taken without the participation 
of the interested parties, created for the States, so called, »States with limited 
interests", a situation, if not actually dangerous, at least of inferiority for re 
cuperating their rights. 
At a time when the settlement of the »Interallies debts" is claimed, when 
the estimation and the enforcement of the obligations imposed by the treaties 
on the States so-called with limited interests, it is necessary, in view of the new 
obligations which might be imposed on Roumania, to precise the financial con 
sequences of her war. 
In the second part of this exposition concerning the »Interallied debts--, 
we will show the circumstances and the conditions in which Roumania, soli 
dary with her great allies, entered the war; in that part we will mention those 
circumstances and conditions, as far as it will be necessary for examining and 
precising the reparation problem, and more especially in the application of the 
treaties which constitute for Roumania a question of vital importance. 
CHAPTER I 
GENERAL CONSIDERATIONS ON ROUMANIa’s WAR 
We will examine the special conditions of Roumania’s war, discriminating 
the period socalled »armed neutrality-- from the “war proper-- period.