740.00119 EW/7–1845: Telegram
The Chief of the Division of
Eastern European Affairs (Durbrow) and the Acting Director of the Office of
Financial and Development Policy (Phelps)
to the Director of the Office of Financial
and Development Policy (Collado)1
51. For Collado from Durbrow and Phelps.
If subject matter of Department’s document on “American and Russian Economic Relationship in Countries of Eastern Europe”2 should come up for discussion Department suggests emphasis on three points not made explicit in recommendations:
- First. Distinction between property wholly or substantially owned by United States nationals, and lesser property interests, is not to be construed as meaning that payment is not to be made for such lesser interests. While we may not be in a position, on the basis of the interests of American nationals, to oppose removals of property in which those nationals have less than a substantial interest, we should state our position so as to avoid any implicit waiver of right to compensation in any case merely because of degree of interest.
- Second. Our objection to removals of property wholly or substantially owned by our nationals covers removals either as war booty or for reparation.
- Third. Our right to compensation for value, regardless of size, of interest in property removed in past or future includes removals both as war booty and for reparation.