resouerces  on  a  count  of  the  great  member  of  Russian  troops  which  were
becoming  regular  bands  of  robbery  and  destruction.
In  virtue  of  this  arrangement  the  representatives  of  the  United  States  of
England  and  of  France  were  authorized  to  hand  to  the  Roumanian  Government
drafts  in  order  to  procure  in  Russia  necessary  supplies  for  the  population  and
the  army.  These  drafts  were  to  be  negotiated  by  the  Interallied  Commission  in
Russia  and  their  produce  was  to  cover  the  price  of  purchases  made  for  supplying
the  country  and  the  army:
For  this  object  were  issued:
By  the  French  Government  through  Mr.  de  St.  Aulaire  French  francs
8.500.000.
By  the  English  through  Mr.  Barclay  £,  600.000.
By  the  American  Government  through  Mr.  Wopika^ -  5.000.000.
Out  of  these  drafts  only  the  French  ones  for  3.000.000  francs  were  negotiated ­
  at  the  beginning  and  used  for  paying  supplies,  the  rest  of  5.500.000
French  francs  in  drafts,  by  cause  of  the  events  in  Russia  there  being  no  sufficient
garantecs  for  depositing  supplies  or  buying  goods  for  immediate  use,  served
with  the  consent  of  the  representatives  of  the  Allies  as  metallic  stock  for  the
issue  which  the  National  Bank  consented  to  make  for  the  government  which
paid  the  supplies  for  the  army  and  the  country  from  Bessarabia.  During  all  this
period  the  Allied  governments  were  hoping  that  the  Russian  front  would  be
reformed  by  the  action  in  Ukraina,  no  longer  asked  Roumania  to  go  on  resisting ­
  but  still  helped  her  for  getting  supplies  from  Bessarabia  which  was  practically ­
  separated  from  the  anarchy  of  Russia  by  the  Moldavian  National  movement.
If  was  only  under  the  Marghiloman  government  that  some  of  the  Allies
made  reserves  on  the  use  of  these  drafts  on  account  of  the  political  situation
and  of  the  attitu  le  which  that  government  adopted  under  the  pressure  of  general
Mackensen.
These  drafts  are  binding  in  the  same  way  as  the  other  English  advances
and  are  included  within  the  frame  of  the  Interallied  debts.
As  we  shall  see  lower  down  the  English  and  American  drafts  have  been
withdraws  (anex  20)  or  annulled  and  the  issue  of  the  National  Bank  based
on  these  drafts  remained  completly  uncovered.
Therefore  in  this  period  of  the  war  the  financial  operations  which  influenced
our  present  financial  situation  are  the  following  :
1.  The  guarantee  of  the  issue  for  internal  needs  by  England.
2.  Special  drafts  which  were  used  either  directly  or  for  issue  made  in  view
of  supplies  in  Russia  or  in  Bessarabia.
3.  The  regular  war  contribution  levied  by  anticipation  by  the  enemy  who
issued  in  the  occupiel  territory  Banca  Generala  notes  and  confiscated  the  sums
deposited  by  the  National  Bank  at  the  Reichs  Bank.
4.  The  consequences  of  the  application  of  the  Treaty  ot  Bnearest  which
likewise  in  the  shape  of  supplies  of  cereals  horses  etc.,  a  regular  fresh  war
contribution.