German Assets In Spain; Division Among The Allied Powers
Recd. 7.20 p,m, Madrid, May 8. An agreement on the disposal of German assets in Spain provides that Spain will expropriate German private assets by decree and create a commission to liquidate properties. The Allied powers will be responsible for compensating German owners of confiscated property.
Britain and the United States each receive approximately £2,870,000 and France £1,640,000. Fifteen other nations will divide £2,870,000 under the Paris reparations agreement of December 21. 1945.
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Wanganui Chronicle, 10 May 1948, Page 5
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82German Assets In Spain; Division Among The Allied Powers Wanganui Chronicle, 10 May 1948, Page 5
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