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

Draft Article on Reparations for the Italian Peace Treaty, Prepared by the Council of Foreign Ministers92

secret
C.F.M. (46) 207
Paris, 9 July, 1946.

a) Reparation for the U.S.S.R.

1.
Italy shall pay the Soviet Union reparation in the amount of $100,000,000 over a period of seven years from the date of the coming into force of the Treaty. Deliveries from current industrial production shall not be made during the first two years.
2.
Reparation shall be made from the following sources:
(a)
A share of the Italian factory and tool equipment designed for the manufacture of war implements which is not required by the permitted military establishments and is not readily susceptible of conversion to civilian purposes and which is removed from Italy pursuant to Article ––––––– of this Treaty.
(b)
Italian assets in Roumania, Bulgaria and Hungary, subject to the exceptions specified in paragraph 5 of Article 71 (Italian external assets).
(c)
Italian current industrial production.
3.
The quantities and types of goods to be delivered shall be the subject of agreements between the Italian Government and the Government of the U.S.S.R. and shall be selected and deliveries scheduled in such a way as to avoid interference with the economic reconstruction of Italy and the imposition of additional liabilities on other Allied or Associated Powers. Agreements concluded under this paragraph shall be communicated to the four Ambassadors in Rome.
4.
The U.S.S.R. shall furnish to Italy on commercial terms the materials which are normally imported into Italy and which are needed for the production of these goods. Payments for these materials shall be made by deducting the value of the materials furnished from the value of the goods delivered to the U.S.S.R.
5.
The four Ambassadors shall determine the value of the Italian assets to be transferred to the U.S.S.R.

b) Reparation for other Powers

The claims put forward by other Powers, in particular France, Yugoslavia, Greece, Albania, Ethiopia, will be considered at the Peace Conference together with the means whereby and the extent to which they shall be met.

  1. A draft article on Italian reparations, for inclusion in the Italian peace treaty, was agreed upon by the Deputies at their 95th Meeting, July 9, 1946, for submission to the Council of Foreign Ministers. The draft article was discussed, amended, and approved by the Council at its 38th Meeting, July 9, 1946. The text printed here is that approved by the Council. See the United States Delegation Record of the Council’s meeting, p. 836.↩