740.00119 (Potsdam)/7–3145

No. 923
Report by the Economic Subcommittee

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Second Report of the Economic Sub-Committee to the Foreign Ministers

The Economic Sub-Committee regrets to have to report that after extensive discussions of the problems of German, Austrian, and Italian reparations, it has failed to come to agreement and consequently must refer these matters back to the Foreign Ministers for decision.
The Sub-Committee has recognized the liability of Germany, Austria, and Italy to exactions on account of reparation.
With respect to Germany, the Sub-Committee is in agreement that substantial reparations should be made. The Sub-Committee has been unable, however, to agree on the method for carrying out a program of such reparations.

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  1. For the other sections of this report, see documents Nos. 766 and 1322.
  2. So dated in the “Index of Attachments to Summary of the Negotiations in the Economic Sub-Committee” (file No. 740.00119 (Potsdam)/7–3145).