Far Eastern Commission

The Far Eastern Commission in two meetings on September 22 and October 6, 1949, approved amendments to its policy decision on restitution of looted property, which had been approved on July 29, 1949. The amendments related to a secured fund established by the Supreme Commander of the Allied Powers from the proceeds of unidentifiable looted property, the original policy decision stating that the fund was ultimately to be distributed by October 1, 1949 among the countries looted by Japan (Australia, China, France, India, the Netherlands, the Philippines and the United Kingdom) in proportion to the shares of Japanese reparation received by these countries. The amendments extended the deadline date of October 1,1949 to April 1, 1950, and provided that, in the absence of an agreed schedule of reparation shares, the seven countries might work out among themselves a schedule of shares for distribution of the secured fund.