Occupation Currency Transactions: Hearings Before the Committees on Appropriations, Armed Services and Banking and Currency, United States Senate, Eightieth Congress, First Session

Front Cover
U.S. Government Printing Office, 1947 - 701 pages

From inside the book

Selected pages

Other editions - View all

Common terms and phrases

Popular passages

Page 76 - Until a more complete code of the laws of war has been issued, the high contracting Parties deem it expedient to declare that, in cases not included in the Regulations adopted by them, the inhabitants and the belligerents remain under the protection and the rule of the principles of the law of nations, as they result from the usages established among civilized peoples, from the laws of humanity, and the dictates of the public conscience.
Page 73 - The authority of the legitimate power having in fact passed into the hands of the occupant, the latter shall take all the measures in his power to restore, and ensure, as far as possible, public order and safety, while respecting, unless absolutely prevented, the laws in force in the country.
Page 72 - In such cases the conquering power has a right to displace the pre-existing authority, and to assume to such extent as it may deem proper the exercise by itself of all the powers and functions of government. It may appoint all the necessary officers and clothe them with designated powers, larger or smaller, according to its pleasure. It may prescribe the revenues to be paid, and apply them to its own use or otherwise.
Page 90 - While it is held to be the right of the conqueror to levy contributions upon the enemy in their seaports, towns, or provinces...
Page 156 - During the period of occupation Germany shall be treated as a single economic unit. To this end common policies shall be established in regard to...
Page 72 - The right of one belligerent to occupy and govern the territory of the enemy while in its military possession, is one of the incidents of war, and flows directly from the right to conquer.
Page 77 - They are transactions in the ordinary course of civil society, and, though they may indirectly and remotely promote the ends of the unlawful government, are without blame, except when proved to have been entered into with actual intent to further invasion or insurrection.
Page 71 - The provisions contained in the regulations referred to in Article 1, as well as in the present convention, do not apply except between contracting powers, and then only if all the belligerents are parties to the convention.
Page 11 - ... Inter-Governmental Committee on Refugees, shall as soon as possible work out in common agreement a plan on the following general lines: A. A share of reparation consisting of all the non-monetary gold found by the Allied Armed Forces in Germany and in addition a sum not exceeding 25 million dollars shall be allocated for the rehabilitation and resettlement of non-repatriable victims of German action.
Page 295 - German financial structure except in so far as may be necessary for the purposes specified in this directive. 45. The Control Council should regulate and control to the extent required for the purposes set forth in paragraphs 4 and 5 the issue and volume of currency and the extension of credit in Germany and in accordance with the following principles: a. United States forces and other Allied forces will use Allied Military marks and Reichsmark currency or coins in their possession. Allied Military...

Bibliographic information