A. The Government of the Polish People's Republic, hereinafter referred to as the Government of Poland, agrees to pay, and the Government of the United States agrees to accept, the sum of $40,000,000.00 United States currency in full settlement and discharge of all claims of nationals of the United States, whether natural or juridical persons, against the Government of Poland on account of the nationalization and other taking by Poland of property and of rights and interests in and with respect to property, which occurred on or before the entry into force of this Agreement.
B. Payment of the sum of $40,000,000.00 by the Government of Poland shall be made to the Secretary of State of the United States in twenty annual installments of $2,000,000.00 United States currency, each installment to be paid on the tenth day of January, commencing on the tenth day of January 1961.