INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. July 18, 1946 [T. I. A. S. 1731 61 Stat.,Pt.3, p. 3191 . 61 Stat.,Pt. 3, p.3207 . 61 Stat.,Pt.3, p.3191. 61 Stat.,Pt. 3, p.3159. 61 Stat.,Pt. 3, p. 3191. 61 Stat.,Pt. 3, p.3169. Understandingbetween the United States of America and France respect- ing the allocation of proceedsfrom the liquidation of German property in Sweden. Effected by exchange of notes dated at Washington July 18, 1946; entered into force July 18, 1946. The Chief of the United States Delegation to the Chief of the French Delegation WASHINGTON, D. C. July 18, 1946 DEAR MR. VALENBI: On behalf of my Government, I may confirm to you the following understanding with respect to the allocation of the proceeds of the German assets to be received from Sweden as a result of the recent Swedish-Allied negotiations in Washington: 1. The sums to be divided are 75 million kronor referred to in paragraph 2 of the letter of today dealing with the Swedish "con- tributions" and 150 million kronor referred to in paragraph 2 of the principal letter of today on German assets. The Swedish Gov- ernment has indicated its preferences with regard to the use of these sums. Accordingly, applying the proportions agreed in the Paris Reparation Agreement and having regard to the preferences of the Swedish Government, it is estimated that a sum of 12 million kronor will remain after the countries other than the U.S., U.K. and France have been allotted their full shares out of this sum of 75 million kronor which alone is available to cover their shares. 2. It is agreed that this entire sum of 12 million kronor will be allocated to France. In return, the amount which the U.K. and the U.S. would be entitled to receive from this sum will be included in the shares which these two countries will receive from the 150 million kronor referred to in the principal letter. It is estimated that on the basis of the proportions agreed in the Paris Reparation Agreement this will have the effect that, of those 150 million kronor, France will receive 24 million kronor and the U.K . and the U.S. will each receive 63 million kronor. 3. It is understood that the U.K . Representative is addressing a similar note to you, and that this understanding is to be notified to the Inter-Allied Reparation Agency. Very truly yours, Seym .R in Chief of Delegat n of United States M. CHRISTIAN VALENBI Chief of FrenchDelegation
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