23 
They provided both for the ones as well as the others, reciprocal rights 
aud obl gations, which must all be taken within their scope and in their tota 
lity, as being part of an indivisible whole. To modify some of them without a- 
dapting the others, to relieve some without relieving the others, is both un 
lawful and unjust. 
To be able to explain as clearly as possible the situation created for Rou- 
mania in the matter of reparations, we must examine the c'aims and the obli 
gations of the Roumanian State deriving from each treaty indiviiually, 
showing also their meaning and the modifications introduced on their 
application. 
SECTION I 
Treaty concluded with Germany. 
Treaty of Versailles of June 28"> 1919. 
The first Treaty which was concluded and ratified was the Treaty of 
Versailles, signed on June 28 th 1919, (Annex 27) a Treaty which as concerns 
Roumania, comes into effect on September 20 th 1920, while the delays deter 
mined therein begin from January 10 1920. 
This Treaty puts forth the principle of the responsibility of Germany and 
her allies, for all the losses and all the damages, suffered by the allied and as 
sociated States, and by their subjects by reason of the war. (Article 23i). 
Nevertheless considering that Germany’s means are" not sufficient for assu 
ring completely the reparation of all the losses and damages suffered, the 
Treaty of Versailles obliges Germany to repair only the damages caused to 
property and to persons, such as they are specified in annex I of part VIII. 
(Article 232). 
But a special privilege is created for Belgium, to be reimbursed lor all the 
loans accorded by the allies till November ll1918. 
At the same time it is provided that the totality of the damages which 
fall to the charge of Germany for reparations, shall be determined by the Com 
mission of Reparations, constituted in the shape and having the powers speci 
fied in annexes No. II-VII of Part VIII. 
The Commission of Reparations must notify to Germany by May I-st 1921, 
a list representing the aggregate of the liabilities for reparations which Germany 
must pay in a delay of 30 years, beginning on May I-st 1921, at the 
dates, and in the manner determined by the Commission of reparations 
(Article 233 j. 
The Treaty determines clauses respecting Germany’s various obligations 
of payment, so as to enable the allied and associated Powers to undertake the 
restoring of their industrial and economical life, before the final determination 
of the claims. 
Germany is obliged to pay, for this object during the years 1919 and 1920,