62 STAT.] NORWAY-MUTUAL AID SETTLEMENT--FEB . 24, 1948 The Secretary of State to the Norwegian Ambassador DEPARTMENT OF STATE WASHINGTON February 24, 1948 EXCELLENCY: In connection with the agreement signed today between our Govern- ments for the settlement of Lend-Lease and other war accounts, I have the honor to advise Your Excellency that 940,017.71 kroner ($189,648.57) in the accounts of finance officers of the United States Army will be turned over to the Norwegian Government pursuant to arrangements and procedures referred to in paragraph III, subpara- graph B (3) of the above-mentioned agreement and in consideration of the waiver of all claims by the Norwegian Government against the United States Government arising out of procurement of articles and services by the United States Army during the period between May 19, 1945 and March 31, 1946. In addition to the 940,017.71 kroner being turned over to the Nor- wegian Government, 100,340.02 kroner, shown to have been captured from the enemy, are being turned over to your Government without reimbursement. If further examination of United States Army rec- ords should hereafter reveal other captured kroner among holdings of the United States Army, such captured kroner will be turned over to the Norwegian Government unconditionally. It is my understanding that the Norwegian Government agrees, upon request, to convert into dollars at the rate of 4.9566 kroner per dollar, kroner delivered by the United States Army up to an aggregate dollar value of $25,000.00 excluding the 1,040,357.73 kroner referred to above and in addition to kroner acquired by the United States Army through official Government channels. No request for conversion of kroner in excess of such $25,000.00 will be made by or on behalf of the United States Army other than in respect to kroner acquired by the United States Army through official Norwegian Goverrunent channels which will continue to be converted into dollars at the rate at which acquired. I should appreciate your advising me whether the foregoing is in accordance with your understanding. Accept, Excellency, the renewed assurances of my highest consid- eration. G C MARSHALL His Excellency WILHELM MUNTHE DE MORGENSTIERNE, Ambassador of Norway. 1857 Kroner turned over to Norwegian Govern- ment. Ante, p. 1848. Ante, p. 1851. Conversion of kroner into dollars.
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