Page:United States Statutes at Large Volume 61 Part 4.djvu/632

 3980 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. The Acting Secretary of State to the Chief of the Italian Economic and FinancialDelegation DEPARTMENT OF STATE WASHINGTON August 14, 1947 SIR: I have the honor to acknowledge receipt of your note of this date in the following terms: [Text same as in preceding note.] My Government is very pleased to know that the question of the return of the properties in Italy of American oil companies has been resolved in the manner set forth in your note. The solution is con- Are, p . 36. sistent with the terms of Article III, paragraph 16, of the "Memo- randum of Understanding between the Government of the United States of America and the Government of Italy regarding settlement of certain wartime claims and related matters", signed this date. Accept, Sir, the renewed assurances of my highest consideration. ROBERT A LOVETT Acting Secretary of State The Honorable IVAN MATTEO LOMBARDO, Chief of the Italian Economic and FinancialDelegation. The Chief of the ItalianEconomic and FinancialDelegationto the Acting Secretary of State ITALIAN EMBASSY WASHINGTON, D. C. Italian Economic and Financial Delegation AUGUST 14, 1947 SIR: Italia dolar bonds. With reference to Article 4 of the "Memorandum of Understanding between the Government of the United States of America and the Government of Italy regarding settlement of certain wartime claims and related matters", signed this date, I am pleased to be able to advise you on behalf of the Government of Italy that a plan has been prepared for adjusting the unrepatriated bonds of the Italian dollar issue, service on which has been suspended since 1940. The proposed plan, which has been approved in principle by the Foreign Bond Holders Protective Council, Inc., will embrace all pub- licly held dollar bonds comprising three groups: first, bonds of the Kingdom of Italy; second, bonds of the Cities of Rome and Milan, bonds of the Italian Credit Consortium for Public Works, and bonds of the Mortgage Bank of the Venetian Provinces; and third, bonds of

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