Page:United States Statutes at Large Volume 62 Part 2.djvu/781

 62 STAT.] MULTILATERAL-GERMAN PROPERTY IN SPAIN-MAY 10, 1948 interests which may exist therein, provided they were situated in Spain on May 5, 1945, as likewise to sums falling due between the last mentioned date and April 30, 1948, whether registered in the name of their true owners or in the names of interposed persons for the beneficial interest of such owners, and to those properties or assets referred to in the Decree Law of the Spanish Government of May 5, 1945, and not by subsequent disposition exempted therefrom. ARTICLE III The provisions of this Accord apply to all persons, natural and juridical, of German nationality not resident or domiciled in Spain- neither they nor their heirs at law (derechohabientes)-on May 5, 1945, as likewise to all those juridical persons domiciled in Spain, of whatever nationality, for that part of their capital which may belong to natural or juridical persons of German nationality not resident or domiciled in Spain as defined above. Natural persons of German nationality who are the object of an expulsion order by Spanish gov- ernmental authority, are considered as nonresident in Spain for the purposes of this article, even though for whatever reason said expul- sion order may not have been executed. ARTICLE IV The Spanish Administration and the Representatives in Spain of the Allied Control Council for Germany (hereinafter referred to as the "Representatives") shall reciprocally maintain effective collabora- tion as regards the speedy and complete execution of this Accord. They will also exchange whatever information they may possess re- lated to the identification of the foreign assets in Spain eventually to be expropriated. ARTICLE V The Representatives, in their capacity as representatives of the Government of Germany, will assume the protection of the interests of the owners of the expropriable properties in the conditions stipulated in this Accord and in the legal dispositions which the Government of Spain may issue for that purpose. ATICLE VI In cases where the identification of assets liable to expropriation or the valuation thereof gives rise to differences of opinion which pre- vent agreement between the Spanish Administration and the Repre- sentatives, the question shall be submitted for the final and impartial judgment of a disinterested person chosen by both parties. Such person shall determine his own procedure, and his decision shall be binding upon the interested parties. ARTICLE VII Once the expropriation has been accomplished, the expropriated property will be allotted in a manner consistent with the requirements of the Spanish economy. 2063 Applicability of pro visions. Collaboration of Spanish Administra- tion and "Represent- atives. " Protection of In- terests of owners of expropriable proper. ties. Submission of ques- tions for impartial judgment. Allocation of epro- priated property. Pod, p. 207.

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