62 STAT.] MULTILATERALGERMAN PROPERTY IN SPAIN-MAY 10, 1948 Translation The President of the Spanish Delegation Letter No. 1 MADRID, May 10,1948. SIRS: I have the honor to acknowledge the receipt of your letter dated this day, the text of which, having been duly translated into Spanish, reads as follows: "In connection with paragraph three of the Notes exchanged this day, placing in effect the Accord signed this date, the undersigned have the honor to record the understanding reached during the course of the negotiations to the effect that the proceeds of the official and quasi-official German assets now in the possession of the Representa- tives in Spain of the Allied Control Council for Germany, or which subsequently may be realized by them, will be at the disposal of the Representatives upon request to the Spanish Administration for dis- tribution within the limits prescribed in Article One of the Financial Protocol to the Accord, it being understood that their employment will be subject to the same limitations as are set forth in the suc- ceeding Articles of that Protocol." I have the honor to inform you of my agreement with the foregoing. I avail myself of this opportunity to renew to you the assurances of my distinguished consideration. [SEAL] E DE NAVASQijS Mr. HARoLD M. RANDAL, Chief of Delegationof the United States of America; Mr. FRANgOIS DE PANIAIEnU, Chief of Delegation of France;and Mr. FRANCIs McCo1BE, Chief of Delegationof the United Kingdom of GreatBritain and NorthernIreland.- MADRID, May 10, 1948 SIR: In connection with the understanding now reached in the Accord signed today on the liquidation of German assets in Spain, the under- signed are authorized by their respective Governments to state that, so far as concerns the German areas within their control, they are agreeable to the earliest practicable resumption of communications of every kind and of trade between Spain and Germany, and the restora- tion of Spanish consular representation. They therefore agree that the necessary detailed arrangements be undertaken forthwith through normal channels. It is, of course, understood that these services and facilities will en- joy the same general treatment and be subject to the same regulations as apply in the cases of other countries 68706°-51-PT. ] -- 51 Resumption of corn. munications, etc., be- tween Spain and Ger- many. Ante, p. 2062. 2093 Ante, p. 2091. Ante, p. 2062. Ante, p. 2083. LETTER NO. 2
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