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Military government weekly information bulletin
Number 79 (February 1947)

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


Page [17]


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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