61 STAT.] MULTILATERAL-GERMAN PROPERTY IN SWEDEN-JULY 18, 1946 Accord between the United States of America, France, the United King- dom, and Sweden respecting the liquidation of German property in Sweden. Effected by exchanges of notes signed at Washington July 18, 1946; entered into force March 28, 1947. The Chiefs of the Allied Delegations to the Chief of the Swedish Delegation WASHINGTON, D.C. July 18, 1946 DEAR JUSTICE SANDSTROM: Delegations representing the Governments of the United States of America, France, and the United Kingdom of Great Britain and Northern Ireland on the one hand (hereinafter referred to as the Allies) and the Government of Sweden on the other hand have met in Washington and exchanged views on questions relative to German interests in Sweden and the elimination of any possible risk of those interests being used to support renewed German aggression. Following this exchange of views, and in reaffirmation of their mutual support of these economic security objectives, the Swedish and Allied Delegations have arrived at the following understanding: 1. (a) The Swedish Government confirms its intention to pursue a program of economic security by the elimination of German interests in Sweden. (b) The Swedish Government further affirms that the Foreign Capital Control Office (FlyktkapitalbyrAn or the FCCO) will, for this purpose, continue to uncover, take into control, liquidate, sell, or transfer German property, that the procedure already informally established between the FCCO and the Allied Missions in Stockholm shall be continued, as previously, as a means of exchanging informa- tion regarding the discovery and liquidation of German property and affording mutual assistance in this program. 2. The disposition of the proceeds of the German assets in Sweden, after clearing against certain Swedish claims, will leave a balance which shall be considered to be 150 million kronor. To assist in pre- venting disease and unrest in Germany, this sum of 150 million kronor will be made available in a special account with the Swedish Riksbank to be used for financing such purchases-in Sweden or in any other market-of essential commodities for the German economy as may be agreed upon between the Swedish Government and the Allies. Insofar as such purchases are made in the Swedish market the de- liveries will be limited by the scarcity of available supplies. 3. The German owners concerned shall be indemnified in German money for the property which has been liquidated or disposed of in Sweden pursuant to this understanding. For this purpose, the com- petent Swedish authority will give the Allies the necessary details July 18, 1946 [T. I.A. S. 1657] Understanding be- tween Swedish and Allied Delegations. Swedish intention to eliminate German interests in Sweden. FOOO. Availability of Fpr- cill accollnt. Indemnification ol German owners. 3191
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