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

At  this  latter  Conference,  Roumania  exposed  afresh,  her  situation  regarding ­
  the  reparations  problem,  both  at  the  debates  as  also  by  the  declaration
and  the  memoir  presented  by  her,  and  which  are  amongst  the  documents  of  this
Conference  Annexes  59  and  60).
By  this  memoir  and  these  declarations,  Roumania  precised  her  point  of
view  on  the  quota  which  she  accepted  provisionally,  and  only  as  »a  means  of
payment*  requesting  the  reconsideration  of  the  whole  question,  and  of  her  special ­
  claims.
The  agreement  concluded,  entitled  »Agreement  regarding  the  distribution
of  the  annuities  of  Daiee's  plan,  January  14"'  1925“  is  the  last  interallied  document ­
  in  matters  of  reparations  (Annex  61).
In  regard  to  Roumania  it  contains  the  following  provisions:
By  artcle  7,  §  B,  is  fixed:
1)  A  quota  of  1.10°/ 0  out  of  the  German  reparations,  modifying  in  this
manner  the  l°/ 0  proposed  at  the  Spa  agreement,  but  which  precized  nothing.
2)  Out  of  Austrian,  Hungarian  and  Bulgarian  reparations  a  quota  of
1.10 0 / 0  for  the  first  half,  and  20°/ 0  for  the  other  half,  that  is  an  average  of
l0.55°/ 0  out  of  the  total,  which  is  not  yet  known.
Article  23  provides  that  the  payments  made  by  Bulgaria  out  of  the  reparations ­
  until  December  31 st  1926  in  virtue  of  the  Sofia  Protocol  of  March  21 st
1923,  will  be  divided  amongst  the  allied  Powers,  according  to  the  Spa  Protocol,
and  to  Roumania  according  to  the  foregoing  quotas,  namely  1.10 0 / 0  on  the  first
half,  and  20°/ 0  on  the  other  half,  that  is  an  average  of  10.55°/ 0  of  the  total.
For  distributing  the  payments,  the  allied  Governments  will  take  an  ulterior
decision.
Article  27  reserves  for  the  Powers  interested  in  the  reparations,  all  Germany’s" ­
  rights  and  obligations  deriving  from  treaties,  conventions  and  arrangements, ­
  being  in  force  at  the  time.  This  article  introduced  partly  on  our  insistance
  leave  the  rights  which  we  have  against  Germany  in  respect  of  our  two
special  claims,  that  is  the  „Banca  Generala«  notes,  and  the  anticipated  enforcement ­
  of  the  Treaty  of  Bnearest,  intact.
By  paragraph  2  of  the  declaration,  made  by  the  Roumanian  delegation  at
this  Conference,  (annex  59)  it  is  categorically  provided  that:
aj  Roumania  does  not  accept  but  provisionally  the  application  of  the  percentage ­
  accorded,  joining  this  provisional  acceptance  to  the  arrangement  of  March
11 th  1922,  which  provides  compensations  for  transferred  property  and  for  the
liberation  quota,  and
(p)  Does  not  understand  any  kind  of  prejudice  being  caused  to  the  position
taken  up  by  her  in  the  matter  of  her  rights  and  obligations  deriving  from  the
treaties,  such  as  she  summed  them  up  in  the  memoir  presented  in  London.
In  paragraph  3  of  the  same  declaration,  Roumania  states  that  she  counts
on  the  assistance  of  the  allied  and  associated  Powers  for  the  recovery  of  her
special  claims,  which  were  reserved  in  the  former  sitting,  and  begs  that,  the
            
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