Proposal by the British
The First Charge
The following should be included in the Economic Principles:—
“Payment for approved imports into Germany shall be a first charge against the proceeds of exports out of current production and out of stocks of goods.”
This corresponds with what Mr. Molotov said at the meeting of Foreign Secretaries on the 23rd July.2 “Approved imports” means imports approved by the Control Council. If the Control Council does not approve imports which any one of the four Governments regards as essential, a new situation arises and will have to be dealt with by the four Governments. Meanwhile, each Zone Commander remains responsible to his own Government for administering his own Zone.