rings on an exchange basis,27 the ban on r leas
f bulli n m
was no gold available for essential medical, industrial
n .al Although the question of using gold to meet considered by the Allied Control authority, no r olution September 1950 a US proposal was put to th Alli d Finance Committee for the release of pr cious m tal d . d und r in 53, whereby metals which were not subj ct to restitution n r the TGC Pool should be delivered to the Fed ral ov mm nt t r Ii current shortage in Germany. Betw en 1945 and 195 h w r Control authorities faced the difficult task of reconciling th r qui~ m n military government law with those of the industries in th ir Z n : th h ld a raw m t rial' but gold they could not use; Gennan industry needed gold to import gold into Germany seemed 'most undesirabl m v ry . ,"28 View.
In all these discussions the Treasury, Bank of land d tended to refer to Law 53 gold as 'non-monetary', par 'cularly if it the fonn of bars or coin. However, this usage was a qu ti n in terminology rather than misunderstanding; 'not mon tary' w uld have been a more accurate tenn. The limited definition n n-m"' ......¡ ~ . . •... ' gold as 'unidentifiable gold looted from the bodies of p opl kill d Nazis in the concentration camps' was well understood in th Bri ' following an exchange of correspondence with COGA in th rly m n 1946. As Mr. Hampshire made clear to Mr. Hoar of Banking Branch i non-monetary gold did not cover jewellers stocks, industrial merel~ 'pieces of gold found in places like Dachau', and item'. 1bis restriction, however, was of little help to lnan were struggling with definitions of monetary and non-mon tary appeared to mean that a large part of the gold in th British Zon under Law 53, seemingly fell outside both categories. Extensive correspondence between the Treasury, B COGA and CCG(BE) in the spring of 1946 failed to prOOuc a definition which covered all the gold in the British Zon. 27 Banking Branch (Hamburg) to Banking Branch (Berlin), 23 ebru ry 1946, HQ Military Government North Rhine Region to Banking Branch, 28 March, Degu to Mill ry mm nt Metallurgy Department and note of conference on silver, 8 April \946, FO 1046/2 16, 217. 28 DFIN/Memo.(46)84, 17 May 1946, FO 1046/217, FIN /PSC/p(50)67, 27 eptembcr 1 50 Wahnerheide telegram 511 Saving of 5 October 1950, CJ 4257, 4294, FO 371/85968. 29 Hampshire (COGA) to Banking Branch, 23 April 1946, FO 1046/205, Ritchie (COGA) to J ennin (freasury), 29 April 1946, T 236/986. 30 COGA attempted a synthesis of this correspondence for RDR Division on 13 May 1946 propo ' n that monetary gold should be dermed as 'aU gold [coins] and gold ban of any 6neneIa', and non-rnon ry gold as 'all unidentifiable gold, looted from the bodies of people killed by the Nazis in concentration camps, etc., and found there when the camps were entered by the British and American fo '. Th r w however, two additional categories of 'non-monetary' gold which in COGA'. view were duded from distribution under the Paris Act: gold objects of virtue or historical value; and item jeweUe ' d industrial stoclcs: Ritchie (COGA) to G. Witham (RDR Division, Berlin), FO 1046/205.
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