Nazis Gold Loot Distribution Is Ordered
Washington reports an Allied Big Three commission agrees on prompt distribution of part of 330000 in gold seized from Germans to aid European recovery. Undersecretary Lovett said a gold pot will be restored to nations looted by the Nazis, with about half distributable immediately. He noted continued need for stop-gap U.S. aid remains.
MENTIONED IN THIS ARTICLE
Washington
Robert Lovett
United States
Britain
France
Lovett
Western
Europe
France Faces Financial Crisis Without Early Marshall Aid
Secretary Snyder warned French leaders that a crisis looms in weeks unless aid arrives. A preliminary gold distribution was urged for October 15. US discussions noted $260 million in Nazi looted gold recovered in Germany and $70 million in other countries, with nearly $800 million claimed and about half masked to meet claims. Claims involve Albania to Yugoslavia. Mitsui & Co. in Japan asked if still operating.
MENTIONED IN THIS ARTICLE
France
Paris
the Treasury
Snyder
Lovett
United States
Germany
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