Swedish Bankers Propose Plan for Unclaimed Property of Nazi Victims
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Swedish Bankers Propose Plan for Unclaimed Property of Nazi Victims

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A group of Swedish banks proposed today to the Swedish Government the formation of a Humanitarian Foundation of unclaimed property deposited in Swedish banks and believed to belong to victims of the Nazi period.

The assets amount to about 3,100,000 Swedish kroner ($620,000). The bank officials said that, since the owners and heirs had not sought the money since 1945, it was reasonable to assume that they had perished. The plan is to use the income from the fund to help former victims of Nazism now living in Sweden. The bankers suggested that about 20 percent of the total assets should be set aside to pay the owners, if any of them should turn up later.

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