During the four years of the occupation of France the Armistice Delegation transferred approximately 121 Million Rmk. worth of investments from French into German possession, among them shares of war vital enterprises in third countries, in France and in Germany. For details see the former activity reports of the Delegation. About half of these transfers have been paid for by Germany with economic compensations by delivery of French Foreign bonds, which were acquired in Holland or Belgium, whereas the balance was paid through Clearing and from occupation costs. From the difference in the value of the French foreign bonds, between the German purchasing price and the French rate of purchase, there have been realized profits amounting to Rmk. 7 Million which could be paid to the Reich.