Moreover, article 14 empowers Allied Nations, which have suffered no damage from the war, to seize Japanese private property in their countries.
I am glad to believe that the signing of the Japanese Peace Treaty today marks one good fruit of their noble endeavors in that direction.
We pray that henceforth not only Japan but all mankind may know the blessings of harmony and progress.
We have listened here to the delegates who have recalled the terrible human suffering, and the great material destruction of the late war in the Pacific. It is with feelings of sorrow that we recall the part played in that catastrophic human experience by the old Japan.
Almost a century has passed since Japan first entered the world community by concluding a treaty of amity with the United States of America in 1854.
I speak of the old Japan, because out of the ashes of the old Japan there has risen a new Japan.
There is fear as to whether Japan, reduced to such a predicament, could ever manage to pay reparations to certain designated Allied Powers without shifting the burden upon the other Allied Powers.