Page:United States Statutes at Large Volume 61 Part 4.djvu/642

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. (c) Except as set forth in this Memorandum of Understanding or in Annex I hereto, industrial property released or returned by the Government of the United States of America pursuant to paragraph 1 of the present Article shall be subject only to such restrictions as may otherwise be generally applicable to industrial property in the United States of America held by foreign countries or nationals of such countries. ARTICLE II Italian payment. 4. The Government of Italy agrees to pay and deposit with the Government of the United States of America on or before December 31, 1947 the sum of $5,000,000 (five million dollars) in currency of the United States of America, this sum to be utilized, in such manner as the Government of the United States of America may deem appro- priate, in application to the claims of United States nationals arising out of the war with Italy and not otherwise provided for. ARTICLE III " Italian nationals. " 61 Stat., Pt. 2, p. 1245. DEFINITIONS 5. For the purposes of this Memorandum of Understanding, the term "Italian nationals" means individuals who are nationals of Italy or corporations or associations organized under the laws of Italy, at the time of the coming into force of this Memorandum of Under- standing. ARTICLE IV CLAUSES OF THE TREATY OF PEACE 6. It is agreed that any of the clauses of the Treaty of Peace, dated at Paris February 10, 1947, to which this Memorandum of Under- standing and the Annex hereto may refer, shall be considered as constituting an integral part of this Memorandum of Understanding and the Annex hereto, as between the Governments of the United States of America and Italy. ARTICLE V EFFECTIVE DATE 7. This Memorandum of Understanding shall enter into force upon the day it is signed. vald langages. Done at Washington in duplicate, in the English and Italian lan- guages, both of which shall have equal validity, this 14th day of August, 1947. FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA: ROBERT A LovETT FOR THE GOVERNMENT OF ITALY: LOMBARDO 3990

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