740.00119 (Potsdam)/7–3145

No. 1002
The United States Representatives on the Economic Subcommittee to the Secretary of State1

[Extract2]

Report to the Secretary on the Work of the Economic Subcommittee

There is attached the Third Report of the Economic Subcommittee to the Foreign Ministers.

With respect to the question of German external assets, the U. S. and U. K. recommended the inclusion in the Economic Principles3 of the following:

“18. Appropriate steps shall be taken by the Control Council to exercise control and the power of disposition over German owned [Page 964]external assets not already under the control of United Nations which have taken part in the war against Germany.”

We also recommended that appropriate reference to this matter be made in the communiqué.

The Soviet representatives, while stating that they had very little interest in the matter, reserved their position pending a study of the entire problem.

. . . . . . . . . . . . . .

[Attachment—Extract4]

Third Report of the Economic Subcommittee to the Foreign Ministers5

The Economic Subcommittee considered the questions of a statement regarding German external assets6 and an Article 197 of the Economic Principles relating to payment for imports into Germany.

With respect to the question of German external assets, no decision was reached. The Soviet representatives, after a general explanation of the problem had been made, requested fuller information and reserved their position pending the furnishing of such information.

. . . . . . . . . . . . . .

  1. Printed from an unsigned copy prepared by the United States Delegation at Babelsberg.
  2. For the other sections of this report, see document No. 891.
  3. Attachment to document No. 863.
  4. For the other sections of this report, see the attachment to document No. 891, and document No. 1325.
  5. This report was presented at the Eleventh Meeting of the Foreign Ministers, August 1. See ante, p. 562.
  6. See document No. 1000.
  7. See documents Nos. 872, 873, 875, and 876.