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It argues that these events caused currency depreciation and long-term economic damage and shows partial compensation through debt remittances.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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does the speaker cite for debt settlement?","Question",{"text":63,"@type":64},"The United States set a principle that the capacity of payment of each debtor country must be considered, examined as a fact apart.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Why does the statement emphasize the destruction of Roumania’s oil wells in 1916?",{"text":68,"@type":64},"It was a voluntary act to deprive the enemy of supplies, but the speaker argues that the resulting loss to oil industry and the national economy cannot be compensated adequately by partial remittances of the war debt.",{"name":70,"@type":61,"acceptedAnswer":71},"What does the speaker claim happened to the state treasure sent to Moscow?",{"text":72,"@type":64},"The Soviet Government “purely and simply confiscated” the deposit, and the speaker notes that no securities have been restituted to 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\n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\n## ORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD\n\n\n| 308  \u003Cbr>Rumania.Debt funding delegation.  \u003Cbr>Z  \u003Cbr>…Ceneral statement of Roumania's situation.  \u003Cbr>BoX 257  \u003Cbr>Washington,D.C.,1935.  \u003Cbr>9 numb.1.302 cm.  \u003Cbr>At head of title:Roumania.  Debt funding deleg  \u003Cbr>tion.  \u003Cbr>\"No,1.\"  \u003Cbr>O   |\n| --- |\n\n## RESTRICTIONS ON USE:\n\n  Reproductions may not be made without permission from Columbia University Libraries.                    \n## TECHNICAL MICROFORM DATA\n\nFILM SIZE:            35mmBEDUCTION BATIO:            9:1  \nIMAGE PLACEMENT:A IA IB IB  \nDATE FILMED:                    8-6-97INITIALS:         C3  \n          23939                  \n## TRACKING\\#:\n\n2015  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n3〇  \nROUMANIA  \nDEBT FUNDING DELEGATION  \n257  \nNo.1  \n# General Statement\n\nof  \n# Roumania's Situation\n\nWashington,D.C  \nNovember,1925  \n上C(二66S  \n# To the World War Foreign Debt CommissionWashington\n\nMR.CHATRMAN AND GENTLEMEN:  \nThe United States have laid down as principle in the settlement of debts,that thereshall be taken into consideration the capacity of payment of each debtor country,suchcapacity to be examined as a fact apart.  \nWe shall conform strictly to this ruling,making a practical statement,supportedby figures,of the elements which we consider should be brought to the notice of the WorldWar Foreign Debt Commission.  \nI shall therefore not speak of the loss in man-power,of the devastation of our terri-tories,of the enemy's disorganization of our railways and our economic equipment,of thedisappearance of our livestock and of our agricultural implements,all of which were lossessuffered by the other allied debtor countries to a more or less degree.I shall not eveninsist on the fact,unique to my knowledge,that Roumania was devastated simultaneouslyby the German enemy troops and by her Russian allies in revolt,and that a Roumaniandivision received on the same day the order to attack the Germans and to prepare to defenditself against the Russians.  \nBut before presenting figures,I wish to make a general statement in which I shall con-fine myself to the special facts affecting Roumania only,and which you should know inorder to judge our situation and appreciate our capacity of payment.  \nThe main facts are six in number:  \n## FIRST FACT\n\nDestruction of the Oil Wells  \nIn the Autumn of 1916,when the Central Powers were invading two-thirds of ourterritory,at the request of her Allies,and in order to deprive the enemy of valuable sup-plies,Roumania voluntarily destroyed her oil-wells and oil-refining plants,one of the prin-cipal riches of the country.In exchange for this contribution to the common Allied cause,  \n1  \nRoumania's only compensation is a remittance of part of her war debt to GreatBritain and to France.It results that Roumania is receiving at present as indemnity forthe losses incurred by her oil industry a partial remittance of a debt which represents moneyemployed by her ten years ago for the purchase of guns and munitions.In point of fact,suchpartial remittance can not compensate Roumania for the loss sustained by her industries andthe loss to her national economy.The impossibility of exporting oil immediately after thearmistice is an important factor in the depreciation of our currency.It is not necessaryfor me to further emphasize the delay in the economic reconstruction of the country byreason of the destruction of 1916.  \n## SECOND FACT\n\nConfiscation of the State Treasure  \nAt the request of our great Allies,Roumania had to send to Moscow the RoumanianTreasure.The actual minted gold alone belonging to the National Bank of Roumania rep-resents a value of 315,179,980 gold lei,i.e.,$60,845,555,apart altogether from the notestransported.With the other deposits of the National Bank and of the Caisse de Depotset Consi","cbCaidtVVEZkrwG6","https://ap.wps.com/l/cbCaidtVVEZkrwG6","pdf",762857,14,"English","# General Statement\n## FIRST FACT: Destruction of the Oil Wells\n## SECOND FACT: Confiscation of the State Treasure\n## THIRD FACT: German Monetary Issue","[{\"question\":\"What guiding principle does the speaker cite for debt settlement?\",\"answer\":\"The United States set a principle that the capacity of payment of each debtor country must be considered, examined as a fact apart.\"},{\"question\":\"Why does the statement emphasize the destruction of Roumania’s oil wells in 1916?\",\"answer\":\"It was a voluntary act to deprive the enemy of supplies, but the speaker argues that the resulting loss to oil industry and the national economy cannot be compensated adequately by partial remittances of the war debt.\"},{\"question\":\"What does the speaker claim happened to the state treasure sent to Moscow?\",\"answer\":\"The Soviet Government “purely and simply confiscated” the deposit, and the speaker notes that no securities have been restituted to date.\"}]","ROUMANIA - DEBT FUNDING DELEGATION - General Statement of Roumania's Situation | PDF",1789965089,35]