88

1.

Issue  of  the  National  Bank

The  Roumanian  Issue  Institution  granted  the  State  on  Treasury  bonds  the

following  loans.
On  May  the  12 ,h  1919  1.500.000.000  lei
Oct.  16 th  1919  1.000.000.000
June  the  11 th  1920  5.000.000.000  »
January  the  5"‘  1920  .  2.500.000.000  »
July  30 th  1921  2.000.000.00  »

To  this  we  must  add
On  June  24 11 '  1920.  For  seeds  .  .
On  July  the  30 th  192-1  for  cereals
On  July  the  30 lh  1921  for  cereals

2.000.000.00  »
2.000.000.00  »
2.000.000.00  »

Total  10.8.000.000.00  lei

Out  of  these  10.800.000.00,  7.025.991.421  Lei  were  used  for  the  unilication
  of  our  currency  (changing  kronen,  roubles  Banca  Generala  Notes)  as  follows  :
Kronen  8.718.587.304  =  Lei  435371380885.
1.888.267.705
640.096.501
Banca  Gen.:  notts  1.463.546.366.
Total  .  .  .  7.025.991.421.
Therefore  on  the  needs^otjthe  army  were  spenlt  37  74  millions.

Roubles

"  1,208.731.216,58

11

Internal  loans.

On  January  the  15 th ,  1919,  the  Roumanian  State  contracted  a  consolidated ­
  loan  on  the  internal  Markt t  (Imprumutul  Uniri)  with  5  0 / 0  interests  issued
at  90  °/ 0 .  Ext'nguishable  in  40  years,  of  11438006,  and  in  Feb.  1920  a  further
loan  (Imprumutul  Refacerii)  with  5°/ 0  interests  at  a  price  of  8°/ 0  Ext'nguishable
in  40  years  of  2.730.911.000  Lei.
Besides  these  loans  the  Roumaniann  State  borrowed  by  issuing  internal  trea
sury  bonds  a  sum  of  6.845.000,000  which  served  tor  the  needs  of  the  Country
impoverished  by  the  armies  of  occupation  of  the  enemy.
III.
advances  granted  by  the  allies.
The  fact  that  only  the  Roumanian  army  still  represented  a  well  organized
force,  well  trained  for  fight  appreciated  by  the  Allied  Governments,  so  that
after  a  Conference  held  on  March  26 th  and  28"',  1919,  the  contributive  part  of