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West Germany Expected to Sign Indemnification Accord

July 7, 1975
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Dr. Nahum Goldmann, president of the Memorial Foundation for Jewish Culture, told the organization’s board of trustees holding its annual meeting here that he expected the West German government to sign an agreement for a final monetary settlement of claims arising out of the Nazi era some time in October. He said the agreement, which had been negotiated and shaped over a number of months, would come into force in April, 1976.

Chancellor Helmuth Schmidt, and the government as a whole, including the two major political parties in West Germany, were in favor of the agreement, Dr. Goldmann reported. The new body which will handle the indemnification claims would eventually have 12 representatives on the Jewish side and eight representatives on the German side, not necessarily all Germans. The governments of Israel and West Germany would also be represented on this body, Dr. Goldmann said. He also stated that Israel had agreed to accept this agreement as a final monetary figure. The sum involved was DM 600 million.

The meeting also adopted the budget for next year, Allocations totalling $1,800,000 were made for the year 1975/76. Dr, Goldmann was re-elected president.

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