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appropriate investigation, that the property is not excluded from the benefits of the License. It is understood that operating problems which may arise under the arrangement set out in this letter may from time to time be reviewed by our two Departments with a view to arriving at mutually satisfactory solutions and ensuring the smooth operation of the procedure. Moreover in regard to accounts which may from time to time be specifically indicated by the United States Treasury, consultations with your Department will be held prior to making the certification provided for in the proposed general license.

2. It is understood that within the framework of the general license no certifications will be issued which:
 a. would facilitate the completion of transactions which might further the interests of an enemy or of persons acting upon behalf of an enemy.
 b. would change the status quo of blocked property in the United States in which an enemy has an interest, direct or indirect. If property in which there is an enemy interest is transformed under the license inadvertently or by mistake, your Department will be consulted and, at its request, appropriate measures will bet aken to ensure that such property or its equivalent will be restored to the account in which it was held before being transferred, or to such other accounts as you may designate, but only to the extent to which such property or its equivalent may be found among the assets of the first acquirer of the original owner.

3. As to the property of any partnership, association, corporation or any other organization, established in accordance with the laws of the Netherlands, which, by reason of the interests of persons not resident in the Netherlands, is also a national of another country designated in the freezing order, within the meaning of the general license No. 95, no certification will be made until full assurances have first been obtained from the Government of the other country to the specific effect that no national of Germany, Japan, Bulgaria, Hungary or Romania is involved in the ownership or control of such interests. For reasons of simplification however, the Netherlands authorities may, on their own responsibility, certify property of any organization in which the proportion of such interests is less than twenty-five percent.

With the respect to any property not covered by the preceding paragraph in which any other country specified in general license No. 95 or any national thereof has an interest my Government will not certify until full assurances have been obtained from the other Government that such interest itself is entitled to certification under the license. It is understood, however, that it will not be necessary to obtain such assurances where the value of the property involved is less than $1000.
No. 23