HEADQUARTERS UNITED STATES ARMY FORCES IN KOREA Office of the Military Government Seoul, Korea
ORDINABCE
NUMBER 33

6 December 1945

 

VESTING TITLE TO JAPANESE PROPERTY WITHIN KOREA

 

Section 1. Ordinance Number 31 having never been published in the Official Gazette is hereby declared null and void as thought it were never issued. Section 2. The title to all gold, silver, platinum, currency, securities accounts in financial Institutions, credits, valuable papers and any other property located within the jurisdiction of this Command, of any type and description, and the proceeds therof, owned or controlled, directly or indirectly, in whole or part, on or since 9 August 1945, by the Government of Japan, or any agency thereof, or by any of it's nationals, corporations, societies, associations, or any other organizations of such Government or incorporated or regulated by it is here by vested in the Military Government of Korea as of 25 September 1945, and all such property is owned by the Military Government of Korea. It is illegal for any person, without the authority of the Military Government of Korea, to enter upon or take possession of any such property, remove any part of such property, or injure or impair the value or utillity of any such property.
Section 3. All cutodians, curators, officials. banks, trust companies and all other individuals, organizations or associations having possession custody, or control of property vested in the Military Government of Korea by Section 2 of this Ordinance are required;
a. (1) To hold the same, subject to the direction of the Military Governor, and pending such direction riot to transfer or otherwise dispose of the same.
To preserve, maintain and safeguard and to prevent any action which will impair (2) the value or utility of such property.
(3) To maintain accurate records and accounts.
b. When and as directed by the Military Governor;
(1) File reports furnishing such data as may be required with respect to such property and all receipts and expenditures in connection therewith on or after 9 August 1945.
(2) Deliver custody and control of such property and all books, records and accounts; and
(3) Account for the property and all income and proceeds.
SECTION 4. Any person violating the provisions of this Ordinance or of any license or order issued thereunder shall, upon conviction by a Military Occration Court, suffer such punishment as the court shall determine.
SECTION 5. This Ordinance is efective upon publication in the official Gazette.

 

BY DIRECTION OF THE COMMADING GENERAL.
UNITED STATES ARMY FORCES IN KOREA
A. V. ARNOLD
Major General United States
Army Military Gogernor of Korea