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Military government weekly information bulletin
Number 79 (February 1947)

[Military government series],   pp. [4]-[29] PDF (18.4 MB)

Page [16]

Germany. These talks have resulted in a
number of Control Council laws covering all
four zones. At the same time, to promote
the occupation policy adopted at Potsdam
for treating Germany as an economic unit,
the Military Governments of the US and
British Zones have agreed to establish joint
administrative committees for several fields,
including finance. The French and Soviet
Military Governments have been invited to
join in these agreements.
These activities of the Finance Division
can be grouped into seven programs:
(1) Blocking, administering, and disposing
of certain categories of property within Ger-
many - a duty of the Finance Division's
Foreign Exchange and Blocking Control
Branch and Property Control Branch;
(2) identifying and marshalling German ex-
ternal assets, as carried out by the External
Assets and Intelligence Branch; (3) controll-
ing the use of foreign exchange assets, as
directed by the Foreign Exchange and Block-
ing Control Branch; (4) observing and ad-
vising German authorities in their develop-
ment of policy toward financial institutions,
a duty of the Financial Institutions Branch;
(5) eliminating inflationary elements in the
monetary system, which is planned by the
Financial Institutions and the Public Finance
Branches; (6) observing and advising on Ger-
man public finances, handled by the Public
Finance Branch; and finally (7) securing
and analyzing information necessary to MG
supervision, which is done by all branches.
By blocking, administering, and disposing
of property within Germany, Military Gov-
ernment now controls the use of specific
groups of properties: Those where the owner
needs to be deprived of control pending final
decision by a denazification tribunal; those
without an Qwner because they were owned
by Nazi organizations or government units
which no longer exist; and those which
should be protected for absentee owners
living in other countries and for persons
whose properties were taken by force.
The detailed categories of properties sub-
ject to blocking control are named in Military
Government Law 52 and General Order No. 1.
Blocking of certain properties also is in-
(Below) The Reichsdruckerei In Berlin
which handled the job of printing
Germany's currency.    Photo by Byers

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