NEW YORK (Mar. 18)
The extension of the filing deadline under the German Restitution Law (BRUEG) to December 31, 1958 has been approved by the German Bundesrat at Bonn, it was reported here today by the Conference on Jewish Material Claims Against Germany. The BRUEG was enacted by the German Parliament last year and provides for payments to Nazi victims tallying up to 1,500,000,000 marks ($357,143,000), in compensation for the loss of non-traceable properties, including bank accounts, securities, jewelry and personal valuables.
The extension of the filing deadline is applicable to the BRUEG only, the Conference pointed out today. It does not pertain to the Federal Indemnification Law (BEG), where the filing deadline is scheduled to expire on March 31, 1958.