Foreign Relations of the United States, 1946, Paris Peace Conference: Documents, Volume IV

Doc. No. 34 (E).

Memorandum on the Clauses of the Peace Treaty Concerning Insurances (Annex VI, B)

undated

The Italian Delegation agrees with the U.S.S.R. Delegation that the clauses proposed in Annex VI—letter B—are unnecessary. In fact some of the questions considered are already taken care of by other clauses in the draft Treaty—for instance Article 68. Nor should it be forgotten that, even during the war, the Italian Government did its best to safeguard the interests of United Nations insurance companies, so that there is no reason why they should not be able to carry on their activity in the best possible way.

However, should it not be possible to accept the solution proposed above, the Italian Government is perfectly willing to grant the same treatment accorded to national insurance companies to the insurance companies of the United Nations. The following words should therefore be added at the end of paragraph 1:

“… except for the general measures applying to the Italian insurance companies.”