INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. August 14,1947 T.I. A. S. 1664] Memorandum of understanding between the United States of America, France, United Kingdom of Great Britain and Northern Ireland, and Italy respecting the liquidation of German property in Italy. Signed at Washington August 14, 1947; entered into force August 14, 1947. MEMORANDUM OF UNDERSTANDING Between the Governments of France, the United Kingdom of Great Britain and Northern Ireland, and the United States of America on the one hand, and the Government of Italy on the other hand, regarding German assets in Italy. With reference to Article 77, paragraph 5, of the Treaty of Peace 613 Stt., Pt. 2 , with Italy, the Government of Italy on the one hand and the Govern- p, 1403 . ments of France, the United Kingdom of Great Britain and Northern Ireland, and the United States of America on the other hand have Post, p.32. entered into the following understanding, including the Annexes attached hereto and made a part of this Memorandum of Understand- ing, with respect to German assets of whatsoever nature in Italy: 1. The Government of Italy will take appropriate measures to as- certain what German assets in Italy are not presently under administration. Assets to be liqui- 2. The Government of Italy will take all necessary measures to dated. effect the prompt sale or liquidation of all assets in Italy belonging directly or indirectly to (a) German individuals in Germany or corpora- tions or other organizations organized under the laws of Germany; (b) the German state and German municipalities and state, federal, municipal, or other governmental authorities; (c) German Nazi organi- zations; and (d) German individuals already repatriated or to be Exceptions. repatriated to Germany. Exceptions to these categories should be made in the case of (a) assets of individuals deprived of life or sub- stantially deprived of liberty pursuant to any law, decree, or regula- tion discriminating against political, racial, or religious groups; (b) assets belonging to religious bodies or private charitable institutions and used exclusively for religious or charitable purposes; (c) assets of a corporation or any other organization organized under the laws of Germany to the extent that they are not beneficially German-owned; (d) assets released under an intercustodial agreement with another government; and (e) assets coming within the jurisdiction of Italy as a "Germany." result of resumption of trade with Germany. The term "Germany" shall be defined as the Germany within the boundaries of that country as of December 31, 1937. Action with respect to German-owned trademarks and patents shall be held in abeyance pending separate representations. 3292
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