New York Times Current History: The European War, Vol. 8, Pt. 2, No. 1, July 1918Various
History
New York Times Current History: The European War, Vol. 8, Pt. 2, No. 1, July 1918
Various
World War, 1914-1918
CLAUSE VIII.--This stipulates an amnesty for offenses committed
by prisoners of war, interned men, and certain others. It
incidentally stipulates that Rumania shall grant an amnesty to its
subjects for their political conduct or military conduct based
upon political grounds during the war.
CLAUSE IX.--This provides that captured river craft, merchant
ships, and cargoes shall be returned, or, if no longer in
existence, be paid for, and compensation shall also be paid for
the period they were in the captor's possession. Here, too, a
commission will be appointed.
CLAUSE X.--This stipulates that various rights shall be accorded
to German churches and schools in Rumania.
CLAUSE XI.--This says: "Rumania, after having obtained the assent
of the Rumanian National Bank, agrees that the balances and
deposits of the National Bank now at the German Reichsbank shall
remain in the Reichsbank's charge for five years (and if Rumania
falls behind with an installment, for ten years) as a security for
Rumania's Public Debt Service, as regards the subjects of Germany;
and may also, if necessary, be drawn on to pay interest and redeem
drawn bonds."
The representatives of the contracting parties will meet in
Berlin within four weeks after the signature of the treaty to
make further arrangements regarding the fulfillment and further
guaranteeing of Rumania's financial obligations.
CLAUSE XII.--This provides that the respective representatives
shall meet in Berlin within four months after the ratification of
this treaty, further to supplement it.
CONTROL OF OIL FIELDS
Under the petroleum agreement between the Central Powers and Rumania,
the Central Powers' controlling company, the Oil Lands Leasing Company,
is endowed with exclusive rights of the most far-reaching character for
thirty years, with the right of prolongation for two subsequent periods
of thirty years, making ninety in all.
Up to one-quarter of the foundation shares will be offered to the
Rumanian Government with the right of transfer to private interests,
but Germany and Austria-Hungary insure their control by the creation of
preference shares with a fifty-fold voting right, and these shares are
exclusively at their disposal.
A State trading monopoly in oil in Rumania is also provided for,
the exercise of the monopoly to be intrusted to a company that is
to be formed by a financial group designated by the German and
Austro-Hungarian Governments.
All kinds of privileges are stipulated for the Oil Lands Leasing
Company, the position of which is most carefully hedged around.
Public-domain text, read in full here on John Shaqi.
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