Military government weekly information bulletin
Number 79 (February 1947)
[Military government series], pp. - PDF (18.4 MB)
dicated under Article 61 of the German Law for Liberation from National Socialism and Militarism. While this German Law does not coincide with MG Law No. 52, a supplement to Law 52 provides that prop- erty subject to blocking under German law shall automatically be subject to blocking under MG law. This supplement was issued in order to retain in American hands initial responsibility for blocking until such time as a comprehensive German blocking law is promulgated. Meanwhile blocking is actually carried out through German channels, and German financial institutions are resnonsihle other business and personal properties are only partially blocked, and withdrawals are permitted for living expenses of the owner not exceeding RM 300 per month. With- drawals for other purposes are permitted only under special license. Licenses for various routine purposes may be authorized by the Land Central Banks (formerly the Reichsbank); license applications involving more discretion must be reviewed by MG at Land or OMGUS level. Blocked business properties requiring cur- rent supervision are placed under "property (Right) The central offices of the Reichs- bank which served as headquarters for German finance during the Nazi regime. Photo by Byers '
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