ANNEX II

Principles of the Draft Agreement on the disposition of Property Claims between the Republic of Korea and Japan

 

Proposed by the Korean side on Feb. 21, 1952
The Government of the Republic hereby requests the Government of Japan
1. to return the classical books and documents, art objects, curios, other national treasures, map negatives and gold and silver bullions taken away from Korea,
2. to repay the obligations and debts of the Government of Japan to the Government-General of Chosun as of August 9, 1945,
3. to return the monetary accounts transferred or remitted from Korea on and/or since August 9, 1945,
4. to return the properties in Japan of the juridical persons with head offices in Korea as of August 9, 1945,
5. to repay the national/or public bonds and the Bank of Japan notes, issued by the Japanese authorities, in possession of Korean nationals and/or juridical persons, the Japanese obligations to the conscripted Korean laborers and other claims of Korean nationals or its juridical persons to the Government of Japan and/or her nationals.
6. to recognize the legality of the Korean natural and/or juridical persons’ ownership of the shares or other securities issued by Japanese juridical persons,
7. to return all the interests as have been or will have been yielded by the afore-mentioned properties and/or claims and
8. to put into execution all these above-mentioned returns and repayments of accounts relating to obligations within six months at latest after the conclusion of this Agreement.
We are convinced that we can reach our final goal of this conference if we discuss the problems with mutual understanding and trust. Thank you very much for your kind attention.