Page:United States Statutes at Large Volume 61 Part 4.djvu/618

 3966 61 Stat., Pt. 2, p. 1051. Surplus property. 61 Stat., Pt. 2, pp. 1404, 1406. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. ammunition and implements of war (of the types listed in Proclama- tion No. 2717 of the President of the United States of America, dated February 14, 1947), which may have been transferred by the armed forces of the United States of America, its agencies or officers, and are held by the Government of Italy, its agencies or officers, on the date on which notice requesting return is communicated to the Government of Italy, but the Government of the United States of America has indicated that it does not intend to exercise generally its right of recapture of such articles. Disposal of such articles by the Government of Italy in or for use in other countries will be made only with the consent of the Government of the United States of America and with payment to the Government of the United States of America of any proceeds of such disposals. The Government of Italy agrees that all such articles held by it will be used only for purposes com- patible with the principles of international security and welfare set forth in the Charter of the United Nations. 15. Nothing contained herein shall be construed to affect in any manner obligations assumed by Italy or the United States of America pursuant to settlements between Italy and the United States of America involving disposal of surplus property. ARTICLE III PROPERTY OF NATIONALS OF THE UNITED STATES OF AMERICA 16. (a) The Government of Italy will expedite in any manner necessary arrangements now being undertaken, or those necessary to be undertaken, for the desequestration of and release of any unusual controls over the property or interests in property in Italy of nationals of the United States of America, including the cancellations of any controls, contracts, including contracts for the sale of capital assets or a part thereof, agreements or arrangements undertaken during the period of control in accordance with the request, or at the direction of the Government of Italy, its agencies or officials, which are not deemed to have been in the best interest of such property or interests. The Government of Italy further agrees that with respect to the applica- tion of Paragraph 4 (a) and 4 (d) of Article 78 of the Treaty of Peace to cases which fall within the terms of this provision, as well as to all cases to which Paragraph 4 (a) and 4 (d) of Article 78 apply, the re- quirement "for the restoration to complete good order" shall be fol- lowed in all cases where there has been (1) deterioration of the physical property while under Italian control, and (2) where the physical prop- erty has suffered non-substantial damage as a result of acts of war. In all other cases the requirement to compensate in lira to the extent of "two-thirds of the sum necessary" shall apply, provided that the Government of Italy may, with respect to any case, apply the require- ment "for the restoration to complete good order." (b) The Government of Italy agrees that with respect to the property or interests in property of United States nationals which property or interests are not covered by section (a) above, it will ac-

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