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DECLASSIFIED
E. O. 11652, Sec. 3(E) and S(D) or (E)
Dept. of State letter, Aug. 9, 1973
By NLT- HC NARS Date 4.22.75
CONFIDANT IAL
-3- #6421, December 10, 8 p.mo, from London
German law all property, rights and interests in Germany
owned or acquired by a foreign power or its nationals and
requiring that these properties remain a part of the
economic resources of Germany Molotov maintained his
objection to the second part of this clause despite
Bevin's strong support of it.
Marshall suggested that a UK proposel concerning a
future financial reform program for Germany be replaced
by a CFM decision to adopt financial reforms for
Germany by March 1948 and to implement them immediately
thereafter. He said a reform program was necessary to
the economic rehabilitation of Germany. Bidault supported
Marshall's proposal and Molotov supported the British
plan. Bevin said he would accept the Marshall proposal
to speed up German financial reforms but Molotov saw in
the US proposal a way of permitting unilateral action
which he accused the US of planning to take. Marshall
categorically denied Molotov's intimation that the US
had decided to issue new derman currency in its zone. He
said his amendment aimed at bringing about as quickly
as possible financial reform for all of Germany.
The Council accepted in principle a clause instructing
the appropriate German authorities to draft for the
approval of the Control Council proposals in regard
to the breaking up of concentrations of German economic
power provided the proposals adopted represent the free
choice of the German people.
Bidault, Molotov and Marshall accepted a French proposal
to reinforce Allied control thru the Control Council
over (1) the distribution of coal, power and steel and
their utilization in Germany and (2) the amount of
exports of
ARCHIVES "NATIONAL RECORDS SERVICE" AND
coverning
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"ocrText": "DECLASSIFIED\nE. O. 11652, Sec. 3(E) and S(D) or (E)\nDept. of State letter, Aug. 9, 1973\nBy NLT- HC NARS Date 4.22.75\nCONFIDANT IAL\n-3- #6421, December 10, 8 p.mo, from London\nGerman law all property, rights and interests in Germany\nowned or acquired by a foreign power or its nationals and\nrequiring that these properties remain a part of the\neconomic resources of Germany Molotov maintained his\nobjection to the second part of this clause despite\nBevin's strong support of it.\nMarshall suggested that a UK proposel concerning a\nfuture financial reform program for Germany be replaced\nby a CFM decision to adopt financial reforms for\nGermany by March 1948 and to implement them immediately\nthereafter. He said a reform program was necessary to\nthe economic rehabilitation of Germany. Bidault supported\nMarshall's proposal and Molotov supported the British\nplan. Bevin said he would accept the Marshall proposal\nto speed up German financial reforms but Molotov saw in\nthe US proposal a way of permitting unilateral action\nwhich he accused the US of planning to take. Marshall\ncategorically denied Molotov's intimation that the US\nhad decided to issue new derman currency in its zone. He\nsaid his amendment aimed at bringing about as quickly\nas possible financial reform for all of Germany.\nThe Council accepted in principle a clause instructing\nthe appropriate German authorities to draft for the\napproval of the Control Council proposals in regard\nto the breaking up of concentrations of German economic\npower provided the proposals adopted represent the free\nchoice of the German people.\nBidault, Molotov and Marshall accepted a French proposal\nto reinforce Allied control thru the Control Council\nover (1) the distribution of coal, power and steel and\ntheir utilization in Germany and (2) the amount of\nexports of\nARCHIVES \"NATIONAL RECORDS SERVICE\" AND\ncoverning"
}