AMENDMENTS



   (c) All other categories of capital goods or services, including
either or both the passenger vessels Saturnia and Vulecania if, after
their value has been determined by the method indicated in para-
graph 6 below, they are claimed within 90 days by one of the countries
indicated in paragraph 1, part B of this Article.
   (d) U.K.-U.S. proposal-opposed by France and U.S.S.R.
   The ownership interest held by the Italian State and parastatal
organizations in commercial enterprises in ceded territories.
  3. The quantities and types of goods and services to be delivered
shall be the subject of agreements between the Italian Government
and the beneficiary governments, and shall be selected and deliveries
scheduled in such a way as to avoid interference with the economic
reconstruction of Italy and the imposition of additional liabilities on
other Allied and Associated Powers.
  Agreements concluded under this paragraph shall be communicated
to the Four Ambassadors in Rome of the USSR, UK, USA and
France. (The USA, UK, and France agree that the Four Ambassa-
dors should be given wider powers. In any event, Article 76 must pro-
vide a procedure in the event of disputes after 18 months.)
  4. The governments beneficiary of reparation from current indus-
trial production shall furnish to Italy on commercial terms the ma-
terials which are normally imported into Italy and which are needed
for the production of these goods. Payments for these materials shall
be made by deducting the value of the materials furnished from the
value of the goods delivered.
  5. The basis for calculating the settlement provided in this Article
will be the United States dollar at its gold parity on the 1st July,
1946, i.e. 35 dollars for an ounce of gold.
  6. The Four Ambassadors shall determine the value of the Italian
assets to be transferred to the beneficiary governments.
C-Special provision for earlier deliveries.
  (USA, France and USSR Proposal)
  With respect to deliveries of current industrial production, capi-
tal-goods and services, nothing in either paragraph A or paragraph B
shall be deemed to prevent deliveries during the first two years, if such
deliveries are made in accordance with agreements between the Italian
Government and a beneficiary government.
D-Reparations for other Powers.
  1. Claims of the other Allied and Associated Powers shall be satis-
fied out of the Italian assets subject to their respective jurisdiction,
under Article 69 of this Treaty.
  2. Claims of countries receiving ceded territories, which are not
mentioned in part B of the present article, shall also be satisfied out
of the ownership interests of Italian nationals, including both natural
     219-115-70--51



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