and  the  first  four  months  of  1921,  the  equivalent  of  20  milliards  of  marks,  gold,
in  gold,  goods,  ships,  stock  or  othervise  [Article  235).
Germany’s  economical  resources  are  directly  destined  lor  reparations,
under  article  236.  ,
Article  237  has  a  great  importance  for  the  reparation  question,  as  it  disposes ­
  in.express  and  categorical  terms,  that  the  succesive  payments,  —  including ­
  those  mentioned  in  the  preceding  articles  —  destined  by  Germany,
should  be  distributed  by  the  allied  and  associated  Governments  in  certain  proportions, ­
  determined  by  them  before  hand,  on  a  basis  of  equity  ani  os  each
one's  rights.
By  articles  238  and  239  is  provided  specially  the  obligation  for  Germany
to  return  immediately,  after  the  form  determined  by  the  Commission  of  reparations, ­
  the  cattle,  all  kinds  of  articles,  of  valuables,  carried  awav  from  the
invaded  territories,  when  they  can  be  identified  on  German  territory,  or  on  that
of  her  allies.
Articles  244  with  its  annex  No.  VII  provides,  as  regards  Boumania  the
cession,  on  the  part  of  Germany  of  all  the  rights,  privileges  and  titles  of  any
kind,  she  had  in  the  Constanfa-Constantinople  cable  line.
Article  259,  paragraph  VI  (financial  clauses,  has  a  great  importance  for
Roumania,  as  it  states  that  Germany  confirms  having  renounced  the  benefits
of  all  the  stipulations  inserted  in  the  treaties  of  Bucarest  and  of  Brest-Litowsk,
and  the  additional  treaties,  as  is  specially  mentioned  in  article  XV  of  the  armistice ­
  of  November  11 lh  1918.
»She  undertakes  to  transfer  respectively  either  to  Roumania,  or  to  the
-principal  allied  and  associated  powers,  all  the  monetary  instruments,  specie,
»securities  and  negociable  instruments,  as  well  as  products  which  she  had  re-’ceived
  in  virtue  of  those  treaties--.
On  this  article  is  founded  Roumania’s  right  of  asking  Germany  to  give  back
to  her  all  supplies  and  prestations  which  she  delivered  on  the  anticipated  enforcement ­
  of  the  Treaty  of  Bucarest,  including  the  integral  security  for  the  Ban  ca
Generala  notes,  which  the  Germans  issued  in  the  invaded  territories  of  Roumania.
she  Treaty  of  Versailles  also  contains  clauses,  for  getting  back,  through
the  intervention  of  the  Commission  of  Reparations,  all  property,  rights  and
interests  which  German  subjects  might  have,  indertakings  of  public  interest  in
territories  beyond  the  frontiers  of  Germany,  or  of  the  allied  and  associated
Powers.  (Article  260).
We  will  examine  this  article  in  all  its  details  in  the  respective  chapter,
because  the  Roumanian  point  of  view  founded  on  the  text  of  this  article  is,  that
the  property  rights  and  interests  belonging  to  German  subjects  on  the  territory
of  the  freed  provinces,  must  be  liquidated  in  favor  of  the  allied  State  which
o'\  ns  them,  for  in  this  matter  article  297  of  the  Treaty  of  Versailles,  must  be
applied,  and  not  article  260.
Article  296  concerns  the  question  of  debts  between  German  dependents,  and
those  of  the  allied  Powers,  and  the  manner  of  liquidating  them,  and  article  297