On August 5, 1946, the Congress of the Philippines ratified the Treaty of General Relations that had been entered into by and between the Republic of the Philippines and the United States on July 4, 1946. Aside from withdrawing her sovereignty from the Philippines and recognizing her independence, the Treaty reserved for the United States some bases for the mutual protection of both countries; consented that the United States represent the Philippines in countries where the latter had not yet established diplomatic representation; made the Philippines assume all debts and obligations of the former government in the Philippines; and provided for the settlement of property rights of the citizens of both countries.