would fall on the Roumanian State, tried under the semblance of a real purchase, 
to carry away, as many products and goods as possible.trom the occupied 
territory. 
Itoumania in the interest of the unification of her currency was obliged 
to withdraw from circulation the German issue, reimbursing the bearers with 
notes of the National Bank. 
The obligation of Germany to reimburse these notes is beyond discussion, 
as in fact the Roumanian Government proved in the special memoir published 
in February 1925 (Annex 43). 
In fact this issue 2.173 millions went for buying goods and products in 
the territories gratuitously, 
The obligation of reimbursing this issue was expressly stipulated in article 
19 of the armistice which obliged Germany to remit at once all documents, 
moneys, securities and paper money, with the issue material, and everything 
of public interest in the invaded countries And by article 259, paragraph 6 of 
the Treaty of Versailles (financial clauses) in the last paragraph. Germany un 
dertakes 11 to transfer respectively either to Roumania and to the principal 
allied and associated Powers, all monetary instruments, specie, securities and 
negotiable instruments, and all products received by her in virtue of these 
treaties «. 
This obligation of Germany's has a totally special character, and the very 
presence of this reimbursement clause, in a special article in the armistice con 
vention, and in the Chapter : ^Financial Clauses* of the Treaty of Versailles, is 
a proof of the distinction which must be made between Germany's obligation 
of reimbursing the notes issued, and her obligation for reparations. 
Germany seeking to take advantage of the interpretation which it would 
have liked to give to the application of Dawe s plan, applied to the Commission 
of reparations, to decide on the existence of Roumania’s right, and if they say 
it does exist, to impute this right on the product of Dawe’s plan. 
The Commission of reparations by the decision it gave declared that it 
could give no hearing to this application presented by the German Government. 
After this decision Roumania’s right remained whole, as it exists under 
the provisions of article 259, paragraph 6 of the Treaty of Versailles, of the 
different protocols drawn up at the Interallied Conferences of Genoa, London, 
and at the last Conference in Paris on January 14 a 1925. 
Germany being obliged to repair these damages, will necessarily have to 
find a favourable solution for Roumania, without which no friendly normal 
relations can be expected between these two countries. 
The solution must be looked for rather outside Dawe’s plan, for Roumania’s 
right of recuperation in this instance constitutes a claim of a quite special na 
ture, and outside the scope of the reparations, but if necessary, inside the scope 
of Dawe’s plan (annex 59). 
2. The anticipated enforcement of the Treaty of B nearest of 1918, in