▣...▣

September 11, 19▣▣

ARTICLE V

 

The Government of the Republic of Korea recognizes and ratifies such disposition of former Japanese public and private property vested under Ordinance Number 33 of the United States Army Millitary Government in Korea. as has aleady been effected by the United States Army Millitary Government in Korea. Except for the reservations in respect to the acquistion and use of property by the Government of the United States of America contained in Articles 1 and IX of this agreement, the remaining vested but unsold property, the not unexpended pro▣▣▣▣▣ from rentals and sales of vested property, together with all accounts resetvable and sales contracts,shall be transferred to the Government of the Republic of Korea in the following way:
(a)All cash, bank deposits or other liquid assets and hereby transferred as of the effective, date of this agreement,
(b)All other vested property that is to be transferred, together with all available inventories,mans,deeds or otherevidences of ownership, will be turned over progressively to the Government of the Republic of Korea, suported by balance sheets, operating statements,and statements, and ▣...▣f financial records relating to vested property, as repidly as an orderly transfer can be effected. The Government of the Republic of Korea agress to establish a separate governmental agency to receive and administer for the Korean people the property, heretofore vested under Ordinance No.33, which is or will be transferred to the Government of the Republic of Korea under the provisions of this Article.
The Government of the Republic of Korea will respect, preserve and protect the rights and interests, direct or indirect of nationals of countries at war with Japan, in former Japanese property in Korea acquired by the Government of the Republic of Korea in accordance with the Article provided such rights and interest were legally acqured by bona fide transfer prior to the effective date of Ordinance No.33.
The Government of the Republic of Korea hereby relieves the United States of America of all liability,including all current and future claims arising out of the vesting, administration and disposal of the property referred to in this Article.