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SUB-ANNEX TO ANNEX IV Overeenkomst nopens Duitse buitenlandse schulden

[Note: The text reproduced hereunder is the text of Annex A to Appendix 6 to the Report of the Conference on German External Debts.]

Joint Statement by the German and Swiss Delegations concerning the Negotiations on the Settlement of the Swiss Franc Land Charges. (Schweizer Frankengrundschulden)

Discussions were held at Freiburg i.B. on 10th-11th June, 1952, in implementation of the statement made on 20th March, 1952, by the creditor and debtor representatives - for the attention of the London Debt Conference. These negotiations could not, however, be brought to a conclusion. The London Conference was informed of this by a statement on 11th June, 1952.

Owing to various circumstances it has so far proved impossible to continue the negotiations. The parties will, however, resume the discussions, in consultation with the “Vertrauensstelle”, at the earliest possible date. The German Delegation will inform the London Conference of their results in good time before the signing of the general Governmental Agreement on the settlement of German External Debts.

The Swiss side refers again to the exposé on the Swiss Franc land charges which was submitted to the Conference subsequent to the statements made by the Swiss Delegation in the Second Plenary Meeting on 29th February, 1952, and distributed under Ref. No. GD/V/Negotiating Committee D/Doc. 3 of 13th March, 1952. The Swiss side reserves the right, therefore, of making a further statement, dependent upon the results of the bilateral negotiations.

On the other hand, the German side is of the opinion that the Swiss Franc land charges fall under the terms of reference of the London Conference for the Settlement of German External Debts and that they are to be settled in accordance with the principles laid down by Negotiating Committee D.

Both sides agree that a Court of Arbitration, which is to be set up within the scope of the settlement of the debts dealt with in Negotiating Committee D, shall not be competent to deal with the Swiss Franc land charges but that the cases arising shall be submitted to the “Vertrauensstelle” set up pursuant to the German-Swiss Agreements.

London, 25th July, 1952.

(sd) PAUL LEVERKUEHN.

(sd) KOENIG.

Regeling
Overeenkomst nopens Duitse buitenlandse schulden
Soort
Verdrag
Geldend vanaf
01-08-1958
BWB-id
BWBV0005325
Versie
1958-08-01_0

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