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United States Department of State / Foreign relations of the United States, 1948. Germany and Austria

IX. United States participation in the negotiations for an Austrian treaty,   pp. 1447-1535 ff. PDF (34.1 MB)

Page 1449

production capacity of four hundred and fifty thousand tons of crude
oil, in accordance with the list annexed to the Treaty.
   4. The Soviet Union shall receive those undertakings concerned in
 the distribution of oil products which are at present iat its disposal,
 accordance with the list annexed to the Treaty.
   5. In respect of D.D.S.G. (Danube Shipping Co.), the Soviet Union
 shall receive the assets, including ships, located in Hungary, Bulgaria
 and Rumania, and likewise a share (25%) of the assets of D.D.S.G.
 which are located in Austria itself.
   6. 'The Soviet Union, the United Kingdom, the United States and
-France cede to Austria their property rights to all former German
assets in Austria, with the exception of those assets which are specified
in paragraphs 1, 3, 4 and 5 of the present proposal, and Austria, on
her part, undertakes to pay the Soviet Union within two years two
hundred million American dollars in freely convertible currency, and
to pay to the United Kingdom, the United States of America and to
France         million American idollars within -     years.
   7. All former 'German assets which have come into the possession of
 the U.S.S.R. shall not be subject to alienation without the consent of
 the U.S.S.R.
   Undertakings covered by the definition of assets abovementioned
 shall operate in accordance with Austrian legislation, on condition
 that Austria shall not raise any difficulties in regard to the export of
 the profits or other income in the form of output or freely convertible
   The foregoing German assets shall be transferred to the U.S.S.R.
 free from any obligations which have accrued up to the date of the
 actual transfer of the said assets to the U.S.S.R.
   8. Any disputes which may arise in connexion with the lapplication
 of the provisions of the Article covering German 'assets in Austria
 shall be settled by means of bilateral negotiation between the interested
 740.0011EW (Peace) /1-2648: Telegram
    The Minister in Austria (Erhardt) to the Secretary of State
 SECRET                          VIENNA, January 26, 1948-5 p. m.
   84. Sober reflection may change the picture but first reaction to
 Soviet Treaty proposals among Austrian officials is one almost of
 jubilation. Two points which encourage them are (1) Soviet proposals
 indicate desire to bargain and not to slam door on negotiations;
 (2) Soviets are willing to give up claims to all Austrian industry ex-
 cept oil and shipping.

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