Object: The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

2. According to article 2: 
a) 1°| 0 on the first half of the reparations owed by Austria, Hungary and 
Bulgaria (the total amount of reparations due by these States, was officiously es 
timated at about 12 milliard 60 million marks gold; 
b) 30°/ 0 of the second half of the reparations owed by Austria, Hungary 
and Bulgaria 1.800 million marks gold. 
3. Special claims: 
a) Issue of notes by the German army of ocupation 2.173 millions lei gold 1 ); 
b) Anticipated enforcement of the Treaty of Bu- 
c a rest 1.600 » n » 
c) Gold to be recuperated from the liquidation of the Austro-Hungarian Bank. 
II Boumania’s losses 
1. Losses suffered by I he Roumanian State according to the schedule pre 
sented to the Commission of Reparations 31.099 milions lei gold. 
2. Obligations imposelou Roumania by the Trea 
ties of Saint Germain and Trianon. 
a) liberation quota 28f> » „ >, 
b) Value of property transferred 1.104 » * » 
c) Quota of the Austro-Hungarian prewar public 
debt') 1.637 kronen 
Secured debt 
Towards Austria 
" Hungary 
Stog 
Unseen rt d 
Debt 
Towards Austria . 
» Hungary 
I 
35.814 marks 
146.614 kronen 
. 9.653 
| 17.49# koronen gold 
| 101.556 » paper 
j 470.805 " gold 
| 902.351 » paper 
d) Exchange of Austro-Hungarian cun ency with 
out any security circulating in the new territories 
8.718 mil. kronen . 4.353 million lei. 
The difference between Roumania’s claims out of the general reparations on one 
side, and the damages and obligations of the Roumanian State on the other, 
prove most clearly by the foregoing figures, the negative balance created for 
Roumania by the Spa agreement. 
Making approximative calculations, on one side, of the damages suffered by 
the different allied States, after the schedules presented to the Commission of repa- 
tions and on the other side, on the claims allowed by the Spa agreement we 
obtain the following figures. 
{) Without considering the obligations imposed by the heaties, 
2) S ting that the obligations and charges deriving from the treaties, the Proportional percen m 
tayes quoted here are above the reality.
	        
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