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arrangement for compensation long ago, and were paid at that time. Offers have been made to those who fled to America back then and over the years, only to be refused. It was mentioned and noted in private talks with Kennedy aide, Richard Godwin and Che Guevara, as well. Here are a few snippets on the subject: However, relations rapidly deteriorated when the new Cuban government passed the first Agrarian Reform Law to begin the expropriation of large-scale (largely American-owned) land holdings on May 17, 1959. The compensation offered (based on 20-year bonds at 4.5% interest for the tax-declared value) was seen as inadequate, and was rejected by American interests. (snip) http://www.answers.com/topic/united-states-embargo-against-cuba~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~snip~ In July 1960, the Cuban government issued Law No. 851, which authorized the nationalization of U.S. properties. This law included a compensation mechanism in accordance with what was and still is international practice in the case of nationalization, which are "lump sum" agreements. The U.S. government assumed the responsibility to its citizens whose properties were nationalized, and on their behalf established a direct compensation mechanism with the Cuban government. The formula established in the law foresaw the creation of a fund out of which, in the course of several years, the compensations would be paid, and it was based on the existence of stable trade relations between the two countries, in particular the sale of sugar, which was Cuba's main export item and the one which best characterized the history of trade relations between the two countries.
The U.S. government refused to accept that formula, and even to discuss with Cuba the terms for compensation, even though the Cuban government stated on several occasions its willingness to negotiate even the terms laid down in Law No. 851. That is the historical truth that the U.S. government is trying to cover up today. Its purpose was solely and exclusively to break all economic and commercial ties with Cuba, and every link between the two peoples, not to achieve suitable compensation for the former property owners, to whom it had that responsibility.
THE U.S. SUPREME COURT RECOGNIZED THE LEGITIMACY OF CUBAN NATIONALIZATION What happened to the rest of the property owners from other countries who were subject to nationalization?
Well, their respective governments looked for solutions. Each one sat down at some moment to negotiate mutually acceptable formulas with Cuba. In this way, for example, agreements were signed with Canada, Switzerland, the United Kingdom, Spain and France. In every case, except one, full compensation has been paid. (snip/...) http://www.hartford-hwp.com/archives/43b/107.html~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Concerning some people still living in Cuba, whose property was nationalized: ~snip~ SINCE 1959
The revolution of 1959, headed by Fidel Castro, was sympathetically received by many members of the Jewish community, especially the leftists and the students. Indeed, the revolution brought about, for the first time in the history of Cuban Jewry, the appointment of a Jew as minister (the engineer Enrique Oltuski Osachki), and neither during the revolution nor after its success were any anti-Semitic attitudes adopted. But, by effecting profound changes in the social and economic structure of the country, affecting the economy of the majority of Cuban Jews.
Thousands of Jews decided to emigrate, and their exit was in many cases facilitated by the fact that the authorities considered them "repatriates" returning to Israel, whereas the majority found refuge in the United States.
Out of a Jewish population of about 10,000-12,000 before the revolution, in 1965 there were about 2,500 Jews and in 1970 only about 1,500, approximately, 1,000 in the capital and the rest in the cities of the interior (particularly Santiago de Cuba and the province of Oriente). An estimate from the end of 1963, which still counted about 3,000 Jews in Cuba, also indicated that only about 30% of the breadwinners among them work and earn a livelihood while 70% support themselves by reparations for nationalized property paid in installments or by selling their property...... (snip/...) http://www.chcuba.org/english/community/history.htm~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Concerning an interview with Fidel Castro which appeared on ABC News: ~snip~ Howard's Castro interview aired on May 10, 1963. The White House received a transcript of the program more than a week in advance and considered trying to block its broadcast. "Public airing in the United States of this interview would strengthen the arguments of 'peace' groups, 'liberal' thinkers, Commies, fellow travelers, and opportunistic political opponents of present United States policy," as well as provide Castro with a wide audience for his "reasonable line," warned a May 3 analysis provided to Bundy. On the other hand, "denial of ABC 'rights' to report the news would raise the question of 'managed' news." Among the issues the Cuban premier addressed was the potential for better relations with Washington. He stated that a rapprochement was "possible the United States government wishes it. In that case we would be agreed to seek and find the basis" for normalizing relations. A few months later, in a cover story, "Castro's Overture," in the liberal journal War/Peace Report, Howard wrote that in eight hours of private conversations Castro had been "even more emphatic about his desire for negotiations with the United States": In our conversations he made it quite clear that he was ready to discuss: the Soviet personnel and military hardware on Cuban soil; compensation for expropriated American lands and investments; the question of Cuba as a base for Communist subversion throughout the Hemisphere. (snip/...) http://www.cigaraficionado.com/Cigar/CA_Archives/CA_Show_Article/0,2322,320,00.html
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