Report of the Secretary-General for 1949: During the four years the Inter-Allied Reparation Agency had been in existence, the rate at which German industrial and other reparation had been made available to it by the occupying powers in Germany and by neutral countries had been extremely slow and the total pool of expected reparations had been subjected to continual reductions. By the end of 1949, however, the agency finally knew roughly the amount and value of the final pool of reparations and could foresee the end of its task. Of the two chief forms of reparations, industrial capital and German external assets, the allocation of the first was expected to be completed by the spring of 1950 and the final accounting of the external assets was scheduled to take place in January 1951. It was expected that by the time accounts were closed member governments would have received $517,000,000 in reparations from Germany.