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Germany Paid $2,075,000,000 to Nazi Victims, Finance Minister Reports

October 3, 1960
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The Federal Republic of Germany and the states, together, spent a total of 8,300,000,000 deutschemarks (about $2,075,000,000) for individual indemnification of victims of nazism up to July 31, Finance Minister Franz Etzel reported to Parliament here this weekend.

Approximately $175,000,000 more will be spent for indemnification by the end of this year, Mr. Etzel told Parliament, in presenting his budget for the next fiscal year. Thus, he said, approximately half of the total indemnification envisaged–aggregating 18 billion marks (about four and one-half billion dollars)–will have been paid out by the end of this year.

(The Committee of Former Jewish Slave Laborers in Germany today asked former slave laborers at the I.G. Farben and the Friedrich Krupp companies who already registered claims against these firms, not to register again, as their claims are already on file. The Committee issued a call last month for registration of former slave laborers to be addressed to the Compensation Treuhand GmbH, Staufenstrasse 29a, Frankfurt, Germany. Former slave laborers at other German firms who had previously corresponded with the New York office of the Committee, also need not register again now, it was emphasized.)

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