grantee  States,  either  for  being  put  entirely  to  the  charge  of  Austria  and  Hungary, ­
  or  for  being  divided  between  all  the  allied  and  associated  States  in  proportion ­
  to  their  participation  in  the  quantum  of  the  value  of  the  rolling  Stock,
which  shall  be  established  by  the  Commission  ot  reparations  (art.  183  a  189
St.-Germain  and  167  &  173  I  rianon).  But  at  the  estimation,  the  commission  of
reparations  must  take  into  consideration  the  recommunication  on  the  part  of
the  Hungarian  administration  of  a  number  of  carriages  of  Hungarian  origin
which  are  to  be  divided,  a  fact  which  was  pointed  out  in  Dec.  1924  to  the  Commission ­
  of  reparations  by  the  Roumanian  and  Tcheco  Slovak  experts.  In  fact
the  Hungarian  expert  himself  in  this  commission  acknowlegded  and  proved  that  a
great  numbe  •  of  the  newest  carriages  found  amongst  the  Hungarian  stock  at  the
inspection  ol  Sep.  1920,  on  the  Hungarian  lines  were  not  communicated  to  the
commission  of  Distribution.  These  carriages  ar  to  this  day  in  the  possesion  of
Hungary  instead  of  being  attributed  according  to  the  plan  of  distribution  established ­
  by  the  Vienna  Commission  and  ratified  by  the  conference  of  the  ambassadors. ­
  1  ho  Hungarian  Administration  therefore  must  be  obliged  to  communicate ­
  those  carriages  \\  hose  number  deducted  out  of  the  number  of  carriages
found  missing  in  these  two  inventories  (24°/ 0  of  the  Hungarian  and  7°/ 0  of  the
Austrians)  amounts  to  15.000  carriages  Part  of  these  carriages  are  not  put  in
the  mass  to  be  divided  by  the  Vienna  Commission,  because  they  form  part  of  the
carriages  presented  by  Italy,  Roumania,  Yougoslavia  and  belonging  to  them  by
the  operations  of  the  war.
While  the  carriages  in  this  list  which  were  on  the  lines  of  the  Allied  States
or  on  the  Austrian  lines  were  communicated  in  due  t : me  by  these  States  and  the
Vienna  Commission  was  able  to  communicate  them  to  the  Commission  of  Reparations ­
  as  being  the  property  of  these  three  States  their  exclusion  from  the  mass
of  carriages  to  be  distributed  and  not  communicated  by  Hungary  is  void.  These
carriages  have  to  be  restored  to  Italy,  Roumania  and  Yougoslavia  the
rest  of  the  carriages  which  were  not  communicated  by  Hungary  will  have  to
be  distributed  to  the  so  called  succeeding  States,  according  to  the  provisions  of
the  treaty.  As  regards  the  question  of  the  estimation,  the  Roumanian  Government
lias  explained  its  point  of  view  in  the  answers  it  sent  to  the  form  of  question
sent  by  the  Committee  of  transferred  goods.  It  is  convinced  that  its  answers ­
  will  prove  the  efforts  it  has  made  to  keep  this  matter  within  the  strict
scope  of  the  real,value  of  the  carriages  distributed;  notwithstanding  the  Roumanian ­
  Government  will  not  fail  to  give  proper  instructions  to  its  experts,  to  set
forth  its  point  of  view  in  this  matter,  which  is  to  be  examined  by  the  committee
of  transferred  goods  in  October.
CHAPTER  IV
ROUMANIA’s  OBLIGATIONS  DERIVE  FROM  THE  TREATIS  OF  PEACE
After  we  have  summarily  analized  the  rights  of  Roumania,  we  will  go  on
to  examine  in  this  chapter  the  clauses  of  the  Treaties  of  peace,  which  are
changed  into  obligations  for  the  Roumanian  State,  and  the  close  relations
4