State responsibility — Claims — Miscellaneous — Municipal claims commissions — Law applied by — United States Foreign Claims Settlement Commission — Application of equity and justice.

State responsibility — Kinds of — For taking of, or interference with, property — Annulment of insurance contracts — Suits by policy-holders against insurance company based on annulled contracts — Subsequent claim by insurance company against Government which annulled contracts for recovery of legal fees and expenses connected with such suits — United States International Claims Settlement Act, 1949, Section 305 (a) (2) — Whether claim compensable under that section — Valuation of company's business — Offset — Reduction of liabilities by amount paid by company in settlement of such suits and for claims on annulled policies — Application of equity and justice by United States Foreign Claims Settlement Commission.