MULTILATERAL-PEACE WITH ITALY-FEB. 10 , 1947 1399 4. The States entitled to receive reparation from current industrial production 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. Payment for these materials shall be made by deducting the value of the materials furnished from the value of the goods delivered. 5. The basis of calculation for the settlement provided in this Article will be the United States dollar at its gold parity on July 1, 1946, i.e . $35 for one ounce of gold. 6. Claims of the States mentioned in paragraph 1 of part B of this Article, in excess of the amounts of reparation specified in that paragraph, shall be satisfied out of the Italian assets subject to their respective juris- dictions under Article 79 of the present Treaty. 7. (a) The Four Ambassadors will coordinate and supervise the exe- cution of the provisions of part B of this Article. They will consult with the Heads of the Diplomatic Missions in Rome of the States named in paragraph 1 of part B and, as circumstances may require, with the Italian Government, and advise them. For the purpose of this Article, the Four Ambassadors will continue to act until the expiration of the period for reparation deliveries provided in paragraph 1 of part B. (b) With a view to avoiding conflict or overlapping in the alloca- tion of Italian production and resources among the several States entitled to reparation under part B of this Article, the Four Ambassadors shall be informed by any one of the Governments entitled to reparation under part B of this Article and by the Italian Government of the opening of negotiations for an agreement under paragraph 3 above and of the progress of such nego- tiations. In the event of any differences arising in the course of the negotia- tions the Four Ambassadors shall be competent to decide any point submit- ted to them by either Government or by any other Government entitled to reparation under part B of this Article. (c) Agreements when concluded shall be communicated to the Four Ambassadors. The Four Ambassadors may recommend that an agreement which is not, or has ceased to be, in consonance with the objectives set out in paragraph 3 or sub-paragraph (b) above be appropriately modified. C. SPECIAL PROVISION FOR EARLIER DELIVERIES With respect to deliveries from current industrial production, as pro- vided in part A, paragraph 2 (c) and part B, paragraph 2 (b), nothing in 61 STAT.]
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