As  we  said  higher  up,  by  the  agreement  signed  on  Jan  14' lh  1925,  in
Paris,  a  percentage  in  the  Bulgarian  reparations,  was  fixed  also  for  Roumania,
by  article  7  §  B  of  1.10°/ 0  for  the  first  half,  and  20 0 / 0  for  the  other  half,  that
is  an  average  of  10.55°/ 0 .
The  sands  representing  payments  for  reparations  by  Bulgaria,  were  deposited ­
  at  the  Federal  Reserve  Bank  in  New  York,  amounting  to  1,576,898.69
dollars,  out  of  which  the  quota  due  to  Roumania  amounting  to  166,362.81
dollars,  which  Roumania  cashed,  and  paid  for  debts  of  her  own  at  the  Baldwin ­
  Locomotive  Works  Company,  Philadelphia.
For  the  future  payments  which  Bulgaria  has  to  make  under  the  title  of
reparations,  Roumania  will  receive  a  quota  of  t0.55 0 / 0  till  the  end  of  the  year
1926,  when  under  article  23  of  the  Paris,  agreement  of  January  1925,  the
allied  governments  will  have  to  come  to  an  understanding  on  a  new  mode  of
distribution  of  these  payments.
In  Annex  No.  38,  we  publish  a  schedule  of  the  Bulgarian  reparations,  as
they  appear  after  the  Sofia  Protocol,  which  modified  the  Troity  of  Neuilly,  against
  which  Roumania  protested  in  due  time,  but  useless 1  y.
In  virtue  of  article  No.  127  of  the  Treaty  of  Neuilly  she  further  received
from  Bulgaria  a  number  of  cattle,  therein  specified  1 ),  which  only  represent  an
infinites'mal  part  of  the  head  of  cattle  carried  away  during  the  war,  and  the
occupation,  from  our  territory.

SECTION  TV
Tkevty  concluded  with  Turkey  and  its  application  Treaty  of  Severs  of
August  the  10 th  1920  and  Treaty  of  Lausanne  of  July  23 vd  1923
By  th  j  Treaty  of  Sevres  of  August  10 th  1920  (Annex.  40)  Turkey  acknowledged ­
  more  or  lesi  the  obligation  of  repairing  the  damages  caused  by  her,  but
a  subsequent  clause  of  the  Treaty  of  Lausanne  of  July  24"'  1923  (Annex.  41),
completely  turned  over  the  whole  situation,  waiving  all  pecuniary  reparations
to  the  allied  and  associated  Powers.
Roumania  his  now  no  other  right  under  the  Treaty  of  Lausanne,  but  to
the  restitution  of  property,  rights  and  interests  which  she  will  be  able  to  identify ­
  in  Turkish  territory  (art.  65).
CHAPTER  III
Special  lights  of  Roumania  deriving  from  the  treaties
In  order  to  he  able  to  examine  the  situation  created  for  Roumania  after
the  application  of  the  treaties  under  all  its  aspects,  we  must  summarily  analyze ­
  the  questions  referring  to  restitutions,  and  to  the  other  rights  of  the  Roumanian ­
  State  deriving  from  these  treaties.
')  The  cattle  which  Ru  garia  should  have  returned  to  Roumania  on  the  bas  s  of  article  127  of  the  treaty
consisted  of  60  bulls.  6.09 J  milch  cows  5.250  horsers  and  mares,  1.050  mules,  8.400  oxen,  15.000  stheep.