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Whereas the General Assembly of the United Nations, by a resolution adopted on 12 February 1946, and the Assembly of the League of Nations, by a resolution adopted on 18 April 1946, respectively approved the Common Plan for the transfer to the United Nations of certain assets of the League of Nations, on the financial conditions mentioned in the aforesaid Plan,

The League of Nations, represented by. Mr. Sean Lester, Secretary-General, and the United Nations, represented by M. Wlodzimierz Moderow, Director, representative of the Secretary-General of the United Nations at Geneva, have concluded the present Agreement for the purpose of determining the details of the transfer of the ownership of the assets in question, apart from the financial conditions mentioned in the Common Plan.

The transfer of rights in respect of immovable property shall relate to the following items:

1. All transferable rights which, in virtue of the Agreement concluded on 26 March 1929 between the Swiss Confederation and the League of Nations, the latter possesses over the Ariana site and the buildings erected by it on that site;

2. The rights possessed by the League of Nations in respect of the Sécheron property, as defined in the Agreement of 26 March 1929, referred to in paragraph 1 above;

3. The full ownership enjoyed by the League of Nations in properties situated in Geneva and at Pregny, with an area of 203,446 square metres, consisting of various plots of land with four villas and their outbuildings;

4. The following rights:
 * (a) The servitudes constituted in favour of the League of Nations in the Bill of Sale dated 14 June 1938, by which the Latvian Government acquired a property situated in the Commune of Geneva (Petit-Saconnex district), and the right of pre-emption reserved to the League of Nations;