Page:United States Statutes at Large Volume 61 Part 2.djvu/443

 either part A or part B of this Article shall be deemed to prevent deliveries during the first two years, if such deliveries are made in accordance with agreements between the Government entitled to reparation and the Italian Government. D. REPARATION FOR OTHER STATES 1. Claims of the other Allied and Associated Powers shall be satisfied out of the Italian assets subject to their respective jurisdictions under Article 79 of the present Treaty. 2. The claims of any State which is receiving territories under the present Treaty and which is not mentioned in part B of this Article shall also be satisfied by the transfer to the said State, without payment, of the indus- trial installations and equipment situated in the ceded territories and em- ployed in the distribution of water, and the production and distribution of gas and electricity, owned by any Italian company whose siege social is in Italy or is transferred to Italy, as well as by the transfer of all other assets of such companies in ceded territories. 3. Responsibility for the financial obligations secured by mortgages, liens and other charges on such property shall be assumed by the Italian Government. E. COMPENSATION FOR PROPERTY TAKEN FOR REPARATION PURPOSES The Italian Government undertakes to compensate all natural or juri- dical persons whose property is taken for reparation purposes under this Article. SECTION II-RESTITUTION BY ITALY Article 75 1. Italy accepts the principles of the United Nations Declaration of January 5, 1943, and shall return, in the shortest possible time, property removed from the territory of any of the United Nations. 2. The obligation to make restitution applies to all identifiable property at present in Italy which was removed by force or duress by any of the Axis Powers from the territory of any of the United Nations, irrespective of any subsequent transactions by which the present holder of any such property has secured possession. 3. The Italian Government shall return the property referred to in this Article in good order and, in this connection, shall bear all costs in Italy relating to labour, materials and transport. 1400 TREATIES [61 STAT.

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