installments within five years of the date hereof. The determination of the amount and character of the industrial capital equipment unnecessary for the German peace economy and therefore available for reparation shall be made by the Control Council under policies fixed by the Allied Commission on Reparations, with the participation of France, subject to the final approval of the Zone Commander in the Zone from which the equipment is to be removed.
(7)
Prior to the fixing of the total amount of equipment subject to removal, advance deliveries shall be made in respect to such equipment as will be determined to he eligible for delivery in accordance with the procedure set forth in the last sentence of paragraph 6.
(8)
The Soviet Government renounces all claims in respect of reparations to shares of German enterprises which are located in the Western Zones of Germany as well as to German foreign assets in all countries except those specified in paragraph 9 below.
(9)
The Governments of the U.K. and U.S.A. renounce all claims in respect of reparations to shares of German enterprises which are located in the Eastern Zone of occupation in Germany, as well as to German foreign assets in Bulgaria, Finland, Hungary, Rumania and Eastern Austria.
(10)
The Soviet Government makes no claims to gold captured by the Allied troops in Germany.
IV. Disposal Of The German Navy And Merchant Marine.
A. The following principles for the distribution of the German Navy were agreed:
(1)
The total strength of the German surface navy, excluding ships sunk and those taken over from Allied Nations,
