is  about  10.55  out  of  the  aggregate  of  the  reparations  owed  by  these  three
States.
All  calculations  on  the  reparations  of  Austria  and  Hungary  are  impossible,
because  as  we  showed  in  the  respective  chapters,  the  quantum  of  the  reparations
owed  by  these  States,  have  not  yet  been  determined.  At  the  time  the  delay  was
accorded  to  Hungary,  was  fixed  an  advance  of  200  million  kronen  divided  over
20  years,  out  of  which  Roumania’s  share  of  20.55°/o  would  be  2110000  kronen
gold.  Besides  the  payment  of  Austria’s  reparations  was  altogether  put  off  for  a
period  of  20  years,  a  period  during  which  Roumania  has  nothing  to  expect.
As  regards  the  payment  off  Bulgaria’s  reparations  out  of  the  total  of  2.250
million  francs  gold,  a  fraction  of  1.700  million,  was  carried  over  without  bearing ­
  any  interest  to  1953  while  the  other  fraction  of  550  millions  was  divided ­
  over  a  period  of  60  years.  Calculating  the  quota  of  1055  per  cent  allowed
to  Roumania,  on  this  last  fraction,  the  share  of  the  Roumanian  State  is
58.025.000  francs  gold.
3.  Special  claims  which  Germany  will  have  to  pay  us.
a)  The  value  of  the  issue  of  »Banca  Generala“  notes  1.463  million  lei  gold').
This  sum  represents  the  notes  changed  by  the  Roumanian  State,  notes
which  must  be  considered  in  gold,  seeing  that  they  were  given  by  the  armies
of  occupation  tor  paying  goods  and  especially  corn  at  the  prices  fixed  by  those
armies,  which  were  below  the  real  prices;
b)  The  value  of  the  anticipated  enforcement  of  the  Treaty  of  Bucarcst(1918)
calculated  at  about  1.600  million  lei.  The  prestations  imposed  and  taken  were
reckoned  according  to  the  prices  fixed  by  the  armies  of  occupation  which  were
much  below  the  real  prices.  For  this  reason  the  value  of  the  anticipated  enforcement ­
  must  be  taken  in  gold,  considering  that  the  difference  between  the  prices
imposed  by  the  armies  of  occupation  and  the  real  prices  covers  amply  the  diference
  beween  the  value  ot  the  leu  and  gold  in  1918.
c)  The  gold  which  must  be  recovered  from  the  Austro-Hungarian  Bank,
afer  the  most  optimistical  expectations  Roumania’s  part  will  be  about  70  million ­
  kronen  gold,  out  of  which  she  has  received  up  to  now  the  following  sum
4.797  9014,36  kr.  gold,  384.328,07  dollars  and  £  32.203.14.1,  as  well  as
£  69.329  and  1.195.200  dollars  in  10  year  bonds.
Roumania’s  losses
1.  The  losses  suffered  by  the  Roumanian  State,  amount  to  28.926  million
lei  gold,  (according  to  the  schedule  presented  to  the  Commission  of  reparations, ­
  out  of  which  the  value  of  the  »Banca  Generala«  notes  was  deducted:
2.  The  value  of  the  issue  of  the  »Banca  Generala--  notes  amounting  to
1.463  million  lei  gold.

i)  The  Ilancit  Generala  showed  an  issun  of  2.173  millions.