61 STAT.] MULTILATERAL-PEACE WITH ITALY-FEB . 10, 1947 1397 PART VI CLAIMS ARISING OUT OF THE WAR SECTION I-REPARATION Article 74 A. REPARATION FOR THE UNION OF SOVIET SOCIALIST REPUBLICS 1. Italy shall pay the Soviet Union reparation in the amount of $100,000,000 during a period of seven years from the coming into force of the present Treaty. Deliveries from current industrial production shall not be made during the first two years. 2. Reparation shall be made from the following sources: (a) A share of the Italian factory and tool equipment designed for the manufacture of war material, which is not required by the permitted military establishments, which is not readily susceptible of conversion to civilian purposes and which will be removed from Italy pursuant to Article 67 of the present Treaty; (b) Italian assets in Roumania, Bulgaria and Hungary, subject to the exceptions specified in paragraph 6 of Article 79; (c) Italian current industrial production, including production by extractive industries. 3. The quantities and types of goods to be delivered shall be the subject of agreements between the Governments of the Soviet Union and of Italy, and shall be selected and deliveries shall be scheduled in such a way as to avoid interference with the economic reconstruction of Italy and the imposition of additional liabilities on other Allied or Associated Powers. Agreements concluded under this paragraph shall be communicated to the Ambassadors in Rome of the Soviet Union, of the United Kingdom, of the United States of America, and of France. 4. The Soviet Union shall furnish to Italy on commercial terms the materials which are normally imported into Italy and which are needed for the production of these goods. Payments for these materials shall be made by deducting the value of the materials furnished from the value of the goods delivered to the Soviet Union. 5. The Four Ambassadors shall determine the value of the Italian assets to be transferred to the Soviet Union.
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