C.F.M. Files: Lot M–88: Box 2061: CFM Documents

Report by the Economic Committee to the Conference of Deputies of the Council of Foreign Ministers93

secret
C.F.M. (46) 59

The Economic Committee submits the following report to the Deputies having held, in Paris, eight Economic Committee Meetings, and two Joint Meetings with the Reparation Committee.

I. United Nations Property in Italy

The Committee are agreed that the United Nations property shall be returned as it exists at present. The questions of restoration to the condition in which it existed at the outbreak of war and of compensation are still under discussion.

II. Restitution of Loot

The Committee are agreed that looted property shall be returned. The definition of the property to be covered by this principle, and the conditions of return are still under discussion.

III. Italian Property in United Nations Territory

The question of Italian assets in the territories of the United Nations was discussed in principle in the Reparation Committee who did not present an agreed report. Further discussion in the Economic Committee was accordingly deferred.

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IV. Economic and Financial Provision relating to Ceded territories

This matter has been discussed in part with the reparation Committee and also in the Economic Committee in London. Discussion continues.

V. Other questions referred to the Economic Committee.

The Committee have not yet discussed the following questions, but various papers on these subjects are before the Committee:

  • Industrial Property
  • Contracts, Prescriptions and Judgments
  • Improper Judgments and Prize Court Proceeding
  • Renunciation of Claims
  • Commercial Relations
  • Transport and Shipping
  • Mercantile Marine and Shipbuilding clauses
  • Civil Aviation
  • Claim by and on former enemy territories.

Paris, 9 May, 1946.

  1. This report was considered by the Council of Foreign Ministers at their 16th Meeting, May 14, 1946, 11 a.m. See the United States Delegation Record and the Record of Decisions of that meeting, pp. 368 and 380, respectively.