To prevent the flight of any capital, an ordinance of 17 June 1940 was promulgated, subjecting to authorization the sending abroad of any securities and any acquisitions or disposal of foreign securities.

From 2 August 1940 the German leaders and the Defendant Göring himself took a definite stand on this point. In the course of the general remarks on economic plundering secret directives issued in this respect by the Defendant Göring were read to you. It is the document submitted under Number RF-105 (Page 97).

In spite of the German assurances and in spite of the wish of the occupying power to preserve the appearance of regularity, the German desire to absorb certain shares met with serious resistance. The occupation authorities several times had to resort to compulsion to conclude sales, in spite of the rights which they had reserved for themselves in the above cited decree of 27 August 1940. This was particularly the case with regard to the shares held by the Belgian Metal Trust in the electrical enterprises of Eastern Silesia and, still more clearly, the case regarding the shares of the Austrian Metal Company, which at that time were wanted by the Hermann Göring Works.

The Belgian ill-will increased as the German determination to pillage became more evident. In this report of 1 December 1942, Exhibit Number RF-191 (Document Number ECR-132), the German Commissioner with the National Bank very clearly denounces this resistance on the part of the Belgian market. Almost all acquisitions which could be realized by the Germans were settled by means of clearing (Page 98).

The balance of clearing capital credited to Belgium, to the amount of 1,000 million Belgian francs on 31 August 1944, represents a forced loan imposed upon Belgium without any legal or logical relation to occupation costs, unless it is the Germans’ will to hegemony.

Such a practice, contrary to the principles of international law and to the rules of criminal law of civilized nations, falls under Article 6(b) of the Charter of the International Military Tribunal and constitutes an act of pillage of public or private property such as is envisaged in the above-mentioned text.

Closely allied to the acquisition of shares and always within the framework of legality, the levies made by the German authorities on foreign, enemy, and Jewish property, should be pointed out to the Tribunal.

As to foreign property seized by the Germans, it must be mentioned that this measure was applied to French capital in Belgium in spite of numerous protests by the French Government. As to Jewish property, for the years 1943 and 1944, the figures are presented in Document Number ECH-35 (Exhibit Number RF-192).

With this I conclude the presentation of the economic spoliation of Belgium (Page 100).

The damage caused to Belgian economy in its principal branches have just been submitted to the Tribunal. The statistical data have been taken either from German reports or from official reports of the Belgian Government. The available estimates and figures are not yet sufficiently exact to fix the costs of war, the occupation and economic spoliation of Belgium; some losses and damages cannot be expressed in money. Among them, first of all, we must mention the privations resulting from the German commandeering of a large part of food supplies and from the particular situation of billeting and clothing. This purely material aspect of the question should not cause us to overlook the consequences of the occupation upon the public health (Page 103). For lack of statistical data, it is difficult to show precisely the final state of public health resulting from the particular circumstances.