Volume 74 · 155
Public Law 86–486
To authorize a payment to the Government of Japan.
Approved June 1, 1960
Statutory text
AN ACT
To authorize a payment to the Government of Japan.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Secretary
Japan.
Payment of claims.
of the Treasury is hereby authorized to pay to the Government of Japan a sum of $6,000,000. The payment of such sum shall constitute full satisfaction and settlement of all claims of Japanese nationals, formerly resident in the Bonin Islands, arising from the use, benefit, or exercise of property rights or interests in the Bonin Islands by the United States for security purposes, for the period beginning April 28, 1952, and continuing until such time as said use, benefit, or exercise is relinquished by the United States.
Sec. 2.
There is hereby authorized to be appropriated the sum of
Appropriation.
$6,000,000 to carry out the purpose of this Act.
Approved June 1, 1960.