The result was that the seizure of shares, fictitiously paid through clearing, reached the sum of 307,436,000 francs; through occupation costs accounts, 160 millions; through foreign stocks a sum which we have not been able to determine; and finally, through various or unknown means, 28,718,000 francs.
We shall conclude the paragraph of this fifth section by quoting part of the Hemmen report relative to these questions (Page 63 of the original and 142 of the French translation). Here is what Hemmen writes, in Salzburg in January 1944, concerning this subject:
“The fifth report upon the activity of the delegation is devoted to the difficulty of future seizures of shares in France, in the face of the very challenging attitude of the French Government concerning the surrender of valuable domestic and foreign securities. This resistance increased during the period covered by the report to such an extent that the French Government was no longer disposed to give any approval to the transfer of shares even if economic compensation were offered.”
Further on, Page 63 in the third paragraph:
“During the 4 years of the occupation of France the Armistice Delegation transferred stocks representing altogether about 121 million Reichsmark from French to German ownership, among them shares in enterprises important for the war in other countries, in Germany, and in France. Details of this are found in the earlier reports of the activities of the delegation. For about half of these transfers, economic compensation was given on the German side by delivery of French holdings of foreign shares acquired in Holland and in Belgium, while the remaining amount was paid by way of clearing or occupation costs. The use of French foreign investments as a means of payment resulted in a difference, between the German purchasing price and the French rate, of about 7 million Reichsmark which went to the Reich.”
There is reason to emphasize that the profit derived by Germany merely from the financial point of view is not 7 million Reichsmark, or 140 million francs according to Hemmen, but much greater. In fact, Germany paid principally for these acquisitions with the occupation indemnity, clearing, and French loans issued in Holland or in Belgium, the appropriation of which by Germany amounted to spoliation of these countries and could not constitute a real compensation for France.
These surrenders of holdings, carried out under the cloak of legality, moved the United Nations in their declarations made in London on 5 January 1943 to lay down the principle that such surrenders should be declared null and void, even when carried out with the apparent consent of those who made them.
I submit as Document Number RF-261, the solemn statement signed in London on 5 January 1943, which was published in the French Journal Officiel on 15 August 1944, at the time of the liberation. I might add that all these surrenders are the subject of indictments before the French Courts of high treason against Frenchmen who surrendered their holdings to the Germans, even though undeniable pressure was brought to bear upon them.
I shall conclude this chapter with one last observation: The German seizure of real estate in France. It is still difficult to give at this time a precise account of this subject, for these operations were made most often through an intermediary with an assumed name. The most striking is that of a certain Skolnikoff, who during the occupation was able to invest nearly 2,000 million francs in the purchase of real estate.
This individual of indeterminate nationality, who lived in poverty before the war, enriched himself in a scandalous fashion, thanks to his connection with the Gestapo and his operations on the black market with the occupying power. But whatever may have been the profits he derived from his dishonest activities, he could not personally have acquired real estate to the value of almost 2,000 million in France.