No. I Notawisseling tussen de Nederlandse en de Indiase Regering houdende een overeenkomst inzake de deblokkering van Nederlandse activa in India
MINISTRY OF COMMERCE & INDUSTRY
D.O. No. 81 (2) -
E.T.(A)/43
New Delhi, the 4th December, 1954.
My dear Ambassador,
I refer to our discussions on the 30th September 1954 regarding the question of handing back the assets of Dutch nationals which are at present lying vested in the Custodian of Enemy Property, Bombay, and would like to put on record the following conclusions:
1.
(i) The Government of India have reconsidered their earlier proposal that they would deal with 82½ % of the Dutch assets held by their Indian Custodian and that the balance 17½% should be pursued by the Netherlands Government with the Government of Pakistan and have decided to drop the proposal. They now accept full responsibility for dealing with all Dutch funds held by their Custodian of Enemy Property;
(ii) The Government of India are prepared to release an amount of about Rs. 8,50,000 (Rupees eight lakhs fifty thousand), being part of the assets, held by the Indian Custodian. The other assets held by the Indian Custodian will not be released at present, owing to the possibility of their representing properties which are, in reality, owned by Germans;
(iii) As regards assets of Dutch nationals, which are suspected to be beneficially German owned, further consultations will take place between the Governments of the Netherlands and India.
2. As regards the procedure of releasing the Dutch assets, a devesting order will be issued in each case after necessary verification and after the Netherlands Consul-General, Bombay, has given the appropriate discharge to the Indian Custodian in respect of the money in question. The devesting order will provide for the amount in question to be credited to the Netherlands Trading Society, Bombay for transfer to De Nederlandsche Bank.
3. Further, it has been represented that, besides the assets referred to in the foregoing paragraph, there are cases where Indian nationals owing money to Dutch creditors prior to the outbreak of the war, failed to disclose their debts to the Custodian in time. Unless any of those debts represent properties suspected to be owned by Germans, the Government of India will be prepared to allow them to be settled direct between the respective debtors and creditors and will also provide the necessary foreign exchange for the purpose. A list of cases which are suspected to be German-owned, will be supplied to you shortly.
4. I would also wish to place on record the assurance which you gave in the course of discussions that the Netherlands Government will not place any restrictions on the early settlement of the remaining claims of Indian nationals against their Dutch debtors and also on the release of the necessary foreign exchange for the purpose.
5. I should be grateful to have your confirmation that this letter correctly sets out the understanding reached between you and myself.
6. The present Agreement shall enter into force on the date of receipt by the Government of India of a note in which it is stated on behalf of the Netherlands Government that the approval constitutionally required in the Netherlands has been obtained.
Yours sincerely,
(sd.) H. V. R. IENGAR
His Excellency Baron Floris van Pallandt,
The Netherlands Ambassador,
4, Ratendone Road,
New Delhi.
- Regeling
- Notawisseling tussen de Nederlandse en de Indiase Regering houdende een overeenkomst inzake de deblokkering van Nederlandse activa in India
- Soort
- Verdrag
- Geldend vanaf
- 12-04-1955
- BWB-id
- BWBV0004822
- Versie
- 1955-04-12_0