Treaty of Peace with Italy, 1947 Treaty of Peace with Italy, 1947 The Treaty of Peace with Italy (one of the Paris Peace Treaties) was signed on 10 February 1947 between Italy and the victorious powers of World War II, formally ending hostilities. It came into general effect on 15 September 1947. Italy Counterpart: Italian Somaliland was under British administration until 1949 when it became a United Nations Trust Territory under Italian administration. Italian Somaliland combined with British Somaliland on 1 July 1960 and together they became the Somali Republic. Italy was obliged to pay the following war reparations (article 74): The amounts were valued in
U.S.–Austrian Peace Treaty (1921) for a US-Austrian cooperation not under the strict supervision of the League of Nations. As a result, the US government embarked on a path of partially assisting the government of the Austrian Republic to ease the burden of war reparations imposed in the Treaty of St. Germain. The treaty was supplemented by a treaty signed in Washington on November 26, 1924, which provided for the establishment of a mixed US-Austrian-Hungarian commission to decide amount of reparations to be paid by the Austrian and Hungarian governments to the US. U.S.–Austrian Peace Treaty (1921) The U.S.–Austrian Peace Treaty is a peace treaty