  We show that the tensor product of modules of tensor fields is a noetherian
module as a module over any graded Lie subalgebra of finite codimension in the
Lie algebra of polynomial vector fields on $\mathbb{R}^n$.
  As a corollary, we prove the conjecture of I.M.Gelfand announced at ICM'1970
at Nice on finite dimensionality of continuous cohomology of graded Lie
subalgebras of formal vector fields $W_n$.
