MALACAÑANG PALACE
Manila

BY THE PRESIDENT OF THE PHILIPPINES

Proclamation No. 592

PUBLISHING EXECUTIVE ORDERS OF THE PRESIDENT OF THE UNITED STATES, A JOINT RESOLUTION OF THE CONGRESS OF THE UNITED STATES, REGULATIONS, INSTRUCTIONS, GENERAL RULINGS AND GENERAL LICENSES BY THE SECRETARY OF THE TREASURY OF THE UNITED STATES, AND ORDERS OF THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS AND INFORMATION RELATING TO PROPERTY IN WHICH NORWAY, DENMARK, BELGIUM, THE NETHERLANDS, LUXEMBOURG, FRANCE, OR NATIONALS THEREOF HAVE AN INTEREST, AND REVOKING PROCLAMATION NO. 556 OF THE PRESIDENT OF THE PHILIPPINES, DATED JUNE 12, 1940.

For the information and guidance of all concerned, I hereby publish the following:

EXECUTIVE ORDERS OF THE PRESIDENT OF
THE UNITED STATES

1. "EXECUTIVE ORDER NO. 6560 REGULATING TRANSACTIONS IN FOREIGN EXCHANGE, TRANSFERS OF CREDIT, AND THE EXPORT OF COIN AND CURRENCY.

"By virtue of the authority vested in me by section 5 (b)"of the Act of October 6, 1917 (40 Stat L., 411) as amended by section 2 of the Act March 9, 1933, entitled ‘An act to provide relief in the existing in banking and for the other purposes, I, Franklin D. Roosevelt, President of the United States of America, do declare that a period of national emergency continues to exist, and by virtue of said authority and of all other authority vested in me, do hereby prescribe the following regulations for the investigation, regulation, and prohibition of transactions in foreign exchange, transfers of credit between or payments by banking institutions as herein defined and export of currency or silver coin, by any person within the United States or any place subject to the jurisdiction thereof:

"SECTION 1. Every transaction in foreign exchange, transfer of credit between any banking institution within the United States and any banking institution outside of the United States (including any principal, agent, home office, branch, or correspondent outside of the United States of a banking institution within the United States), and the export or withdrawal from the United States of any currency or silver coin which is legal tender in the United States, by any person within the United States, is hereby prohibited, except under license therefore issued pursuant to this executive order: Provided, however, that, except as prohibited under regulations prescribed by the Secretary of the Treasury, foreign exchange transactions and transfers of credit may be carried out without a license for (a) normal commercial or business requirements, (b) reasonable travelling and other personal requirements, or (c) the fulfillment of legally enforceable obligations incurred prior to March 9, 1933.

"SEC. 2. Possessions of the United States.—Except as prohibited in regulations prescribed by the Secretary of the Treasury, transfers of credit between banking institutions in the continental United States and banking institutions in other places subject to the jurisdiction of the United States (including principals, agents, home offices, branches, or correspondents W such other places, of banking institutions within the continental United States), may be carried out without a license.

"SEC. 3. Licenses.—The Secretary of the Treasury acting directly or through any agencies that he may designate, and the Federal Reserve banks acting in accordance with such rules and regulations as the Secretary of the Treasury may from time to time prescribe, are hereby designated as agencies for the granting of licenses as hereinafter provided. Licenses may be granted authorizing such transactions in foreign exchange, transfers of credit and exports of currency (other than gold certificates) or silver coin in such specific cases or classes of cases as the Secretary of the Treasury may determine in regulations prescribed hereunder and rulings made pursuant thereto.

"SEC. 4, Reports.—The Federal Reserve banks shall keep themselves currently informed as to foreign exchange transactions entered into or consummated, and transfers of credit made between banking institutions outside of the continental United States and banking institutions in their districts, and report to the Secretary of the Treasury all transactions in foreign exchange and all such transfers of credit not permitted under Sections 1 or 2 hereof which are effected or attempted in their districts without a license.

"SEC. 6. Regulations.—The Secretary of the Treasury is authorized and empowered to prescribe from time to time regulations to carry out the purposes of this order, and to provide in such regulations or by rulings made pursuant thereto, the conditions under which licenses may be granted by the Federal Reserve banks and by such other agencies as the Secretary of the Treasury may designate; and the Secretary of the Treasury may require any person engaged in any transaction, transfer, export, or withdrawal referred to in this executive order to furnish under oath complete information relative thereto, including the production of any books of account, contracts, letters or other papers, in connection therewith in the custody or control of such person either before or after such transaction, transfer, export, or withdrawal is completed.

"SEC. 6. Penalties.—Whoever willfully violates or knowingly participates in the violation of any provision of this executive order or of any license, order, rule, or regulation issued or prescribed hereunder, shall be subject to the penalties provided in section 5 (6) of the Act of October 6, 1917, as amended by section 2 of the Act of March 9, 1933.

"SEC. 7. Definitions.—As used in this executive order the term ‘United States’ means the United States and any place subject to the jurisdiction thereof; the term ‘continental United States’ means the states of the United States, the District of Columbia, and the territory of Alaska; the term ‘person’ means an individual, partnership, association, or corporation; and the term ‘banking institution’ includes any person engaged primarily or incidentally in the business of banking, of granting or transferring credits, or of purchasing and selling foreign exchange or procuring purchasers and sellers thereof, as principal or agent; and, for the purposes of this order, each home office, branch, principal, agent, or correspondent of any person so engaged shall be regarded as a separate ‘banking institution.’

"SEC. 8. Section 8 of the executive order of August 28, 1933, relating to the hoarding, export, and earmarking of gold coin, bullion, or currency and to transactions in foreign exchange, is hereby revoke

"This executive order and any rules, regulations, or licenses prescribed or issued hereunder may modified or revoked at any time.

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"January 15, 1934."

2. EXECUTIVE ORDER NO. 8389-AMENDMENT OF EXECUTIVE ORDER NO. 6560, DATED JANUARY 15, 1934, REGULATING TRANSACTIONS IN FOREIGN EXCHANGE, TRANSFERS OF CREDIT AND THE EXPORT OF COIN AND CURRENCY.

"By virtue of the authority vested in me by section 5 (b) of the Act of October 6, 1917 (40 Stat. 411), as amended by section 2 of the Act of March 9, 1933 (48 Stat. 1), and by virtue of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby amend Executive Order No. 6560, dated January 15, 1934, regulating transactions in foreign exchange, transfers of credit, and the export of coin and currency by adding the following sections after section 8 thereof:

" ‘SEC 9. Notwithstanding any of the provisions of sections 1 to 8, inclusive, of this Order, all of the following are prohibited, except as specifically authorized in regulations or licenses issued by the Secretary of the Treasury pursuant to this Order, if involving property in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect:

" ‘A. All transfers of credit between any banking institutions within the United States; and all transfers of credit between any banking institution within the United States and any banking institution outside the United States (including any principal, agent, home office, branch, or correspondent outside of the United States, of a banking institution within the United States);

" ‘B. All payments by any banking institution within the United States;

" ‘C. All transactions in foreign exchange by any person within the United States;

" ‘D. The export or withdrawal from the United States or the earmarking of gold or silver coin or bullion or currency by any person within the United States; and

" ‘E. Any transaction for the purpose or which has the effect of evading or avoiding the foregoing prohibitions.

" ‘SEC. 10. Additional reports.— " ‘A. Reports under oath shall be filed, on such forms, at such time or times and from time to time, and by such persons, as provided in regulations prescribed by the Secretary of the Treasury, with respect to all property of any nature whatsoever of which Norway or Denmark or any national thereof is or was the owner, or in which Norway or Denmark or any national thereof has or had an interest of any nature whatsoever, direct or indirect, and with respect to any acquisition, transfer, disposition, or any other dealing in such property.

" ‘B. The Secretary of the Treasury may require the furnishing under oath of additional and supplemental information, including the production of any books of account, contracts, letters or other papers with respect to the matters concerning which reports are required to be filed under this Section.

"Sec. 11. Additional definitions.—In addition to the definitions contained in section 7, the following definitions are prescribed:

" ‘A. The terms "Norway" and "Denmark," respectively, mean the State and the Government of Norway and Denmark on April 8, 1940, and any political subdivisions, agencies and instrumentalities thereof, including territories, dependencies and possessions, and all persons acting or purporting to a directly or indirectly for the benefit or on behalf of the foregoing. The terms "Norway" and "Denmark" respectively, shall also include any and all other governments (including political subdivisions, agencies, and instrumentalities thereof and persons acting or supporting to act directly or indirectly for the benefit or on behalf thereof) to the extent and only to the extent that such governments exercise or claim to exercise de jure or de facto sovereignty over the area which, on April 8, 1940, constituted Norway or Denmark.

" ‘B. The term "national" of Norway or Denmark shall include any person who has been or whom there is reasonable cause to believe has been domiciled in, or a subject, citizen or resident of Norway or Denmark at any time since April 8, 1940, but shall not include any individual domiciled and residing in the United States on April 8, 1940, and shall also include any partnership, association, or other organization, including any corporation organized under the laws of, or which on April 8, 1940, had its principal place of business in Norway or Denmark or which on or after such date has been controlled by, or a substantial part of the stock, shares, bonds, debentures, or other securities of which has been owned or controlled by, directly or indirectly, one or more persons, who have been, or whom there is reasonable cause to believe have been, domiciled in, or the subjects, citizens or residents of Norway or Denmark at any time on or since April 8, 1940, and all persons acting or purporting to act directly or indirectly for the benefit or on behalf of the foregoing.

" ‘C. The term "banking institution" as used in section 9 includes any person engaged primarily or incidentally in the business of banking, of granting or transferring credits, or of purchasing or selling foreign exchange or procuring purchasers sellers thereof, as principal or agent, or any person holding credits for others as a direct or incidental part of his business, or brokers; and, each principal, agent, home office, branch or correspondent of any person so engaged shall be regarded as a separate institution."

" ‘SEC. 12. Additional regulations.—The regulations of November 12, 1934, are hereby modified insofar as they are inconsistent with the provisions of sections 9 to 11, inclusive, of this Order, and except as so modified are hereby continued in full force and effect. The Secretary of the Treasury is authorized and empowered to prescribe from time to time regulations to carry out the purposes of sections 9 to 11, inclusive, of this Order as amended, and to provide in such regulations or by rulings made pursuant thereto, the conditions under which licenses may be granted by such agencies as the Secretary of the Treasury may designate.’

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"April 10, 1910. 6 P. M., E. S. T."

3. "EXECUTIVE ORDER NO. 8405 AMENDMENT OF EXECUTIVE ORDER NO. 8389 OF APRIL 10, 1940, AMENDING EXECUTIVE ORDER NO. 6560, DATED JANUARY 15, 1934.

"Executive Order No. 8389 of April 10, 1940, is amended to read as follows:

" ‘AMENDMENT OF EXECUTIVE ORDER NO. 6560, DATED JANUARY 15, 1934, REGULATING TRANSACTIONS IN FOREIGN EXCHANGE, TRANSFERS OF CREDIT, AND THE EXPORT OF COIN AND CURRENCY.

" ‘By virtue of the authority vested in me by section 5 (b) of the Act of October 6, 1917 (40 Stat. 411), as amended, and by virtue of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby amend Executive Order No. 6560, dated January 15, 1934, regulating transactions in foreign exchange, transfers of credit and the export of coin and currency by adding the following sections after section 8 thereof:

" ‘SEC. 9. Notwithstanding any of the provisions of sections 1 to 8, inclusive, of this Order, all of the following are prohibited, except as specifically authorized in regulations or licenses issued by the Secretary of the Treasury pursuant to this Order, if involving property in which Norway or Denmark or any national thereof has at any time or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect, or if involving property in which the Netherlands, Belgium or Luxembourg or any national thereof has at any time on or since May 10, 1940, had any interest of any nature whatsoever, direct or indirect:

" ‘A. All transfers of credit between any banking institutions within the United States; and all transfers of credit between any banking institution within the United States and any banking institution outside the United States (including any principal, agent, home office, branch, or correspondent outside of the United States, of a banking institution within the United States);

" ‘B. All payments by or to any banking institution within the United States;

" ‘C. All transactions in foreign exchange by any person within the United States;

" ‘D The export or withdrawal from the United States, or the earmarking of gold or silver coin or bullion or currency by any person within the United States;

" ‘E All transfers, withdrawals or exportation of, or dealings in, any evidences of indebtedness or evidences of ownership of property by any person within the United States; and

" ‘F. Any transaction for the purpose or which has the effect of evading or avoiding the foregoing prohibitions.

" ‘SEC. 10. Additional reports.

" ‘A. Reports under oath shall be filed on such forms, at such time or times and from time to time, and by such persons, as provided in regulations prescribed by the Secretary of the Treasury, with respect to all property of any nature whatsoever of which Norway, Denmark, the Netherlands, Belgium or Luxembourg or any national thereof is or was the owner, or in which Norway, Denmark, the Netherlands, Belgium or Luxembourg or any national thereof has or had any interest of any nature whatsoever, direct or indirect, and with respect to any acquisition, transfer, disposition, or any other dealing in such property.

" ‘B. The Secretary of the Treasury may require the furnishing under oath of additional and supplemental information, including the production of any books of account, contracts, letters or other papers with respect to the matters concerning which reports are required to be filed under this section.

" ‘SEC. 11. Additional definitions.—In addition to the definitions contained in section 7, the following definitions are prescribed:

" ‘A. The terms "Norway" and "Denmark" respectively, mean the State and the Government of Norway and Denmark on April 8, 1940, the terms "the Netherlands," "Belgium," and "Luxembourg," mean the State and the Government of the Netherlands, Belgium and Luxembourg on May 10, 1940, and any political subdivisions, agencies and instrumentalities of any of the foregoing, including territories, dependencies and possessions, and all persons acting or purporting to act directly or indirectly for the benefit or on behalf of any of the foregoing-The terms "Norway," "Denmark," "the Netherlands," ‘ Belgium" and "Luxembourg" respectively, shall also include any and all other governments (including political subdivisions, agencies, and instrumentalities thereof and persons acting or purporting to act directly or indirectly for the benefit or on behalf thereof) to the extent and only to the extent that such governments exercise or claim to exercise de jure or de facto sovereignty over the area which, on April 8, 1940 constituted Norway and Denmark and which on May 10, 1940, constituted the Netherlands, Belgium and Luxembourg.

" ‘B. The term "national" of Norway or Denmark shall include any person who has been or whom there is reasonable cause to believe has been domiciled in, or a subject, citizen or resident of Norway or Denmark at any time on or since April 8, 1940, but shall not include any individual domiciled and residing in the United States on April 8, 1940, and shall also include any partnership, association, or other organization, including any corporation organized under the laws of, or which on April 8, 1940, had its principal place of business in Norway or Denmark or which on or after such date has been controlled by, or a substantial part of the stock, shares, bonds, debentures, or other securities of which has been owned or controlled by, directly or indirectly, one or more persons, who have been, or whom there is reasonable cause to believe have been, domiciled in, or the subjects, citizens or residents of Norway or Denmark at any time on or since April 8, 1940, and all persons acting or purporting to act directly or indirectly for the benefit or on behalf of the foregoing.

" ‘C. The term "national" of the Netherlands, Belgium or Luxembourg shall include any person who has been or whom there is reasonable cause to believe has been domiciled in, or a subject, citizen or resident of the Netherlands, Belgium or Luxembourg at any time on or since May 10, 1940, but shall not include any individual domiciled and residing in the United States on May 10, 1940, and shall also include any partnership, association, or other organization, including any corporation organized under the law’s of which on May 10, 1940, had its principal place’ 0f business in the Netherlands, Belgium or Luxembourg or which on or after such date has been controlled by, or a substantial part of the stock, shares, bonds debentures, or other securities of which has been owned or controlled by, directly or indirectly, one or more persons, who have been, or whom there is reasonable cause to believe have been, domiciled in, or the subjects, citizens or residents of the Netherlands, Belgium or Luxembourg, at any time on or since May 10, 1940, and all persons acting or purporting to act directly or indirectly for the benefit or on behalf of the foregoing.

" ‘D. The term "banking institution" as used in section 9 includes any person engaged primarily or incidentally in the business of banking, of granting or transferring credits, or of purchasing or selling foreign exchange or procuring purchasers and sellers thereof, as principal or agent, or any person holding credits for others as a direct, or incidental part of his business, or brokers; and, each principal, agent, home office, branch or correspondent of any person so engaged shall be regarded as a separate "banking institution."

" ‘SEC. 12. Additional regulations.—The regulations of November 12, 1934, are hereby modified insofar as they are inconsistent with the provisions of section 9 to 11, inclusive, of this Order, and except as so modified hereby continued in full force and effect The Secretary of the Treasury is authorized and empowered to prescribe from time to time regulations to carry out the purposes of sections 9 to 11, inclusive, of this Order as amended, and to provide in such regulations or by rulings made pursuant thereto, the conditions under which licenses may be granted by such agencies as the Secretary of the Treasury may designate.’

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"May 10, 1940, 7.55 AM., E. S. T."

4. RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING AN EXECUTIVE ORDER BY THE PRESIDENT OF THE UNITED STATES.

"Washington, June 18, 1940

"United States High Commissioner,
Manila".

"The President, on June 17, issued amendment to Executive Order No. 8389 of April 10th to extend all the provisions thereof to property in which France or any national has at any time on or since June 17 and any interest, providing that in defining France and nationals of France the date of June 17 shall be substituted for the dates appearing in definitions of countries and nationals.

"HAMPTON

"Received:
"Manila, June 19, 1940."

JOINT RESOLUTION OF THE CONGRESS OF
THE UNITED STATES

5. "(PUBLIC RESOLUTION-NO. 60-76TH CONGRESS "CHAPTER 185-3RD SESSION (S. J. RES. 252)

"JOINT RESOLUTION

"To amend section 5 (b) of the Act of October 6, 1917, as amended, and for the other purposes.

"Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the first sentence of subdivision (b) of section 5 of the Act of October 6, 1917 (40 Stat. 411), as amended, is hereby amended to read as follows:

‘"During time of war or during any other period of national emergency declared by the President, the President may, through any agency that he may designate, or otherwise, investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange, transfers of credit between or payments by or to banking institutions as defined by the President, and export, hoarding, melting, or earmarking of gold or silver coin or bullion or currency, and any transfer, withdrawal or exportation of, or dealing in, any evidences of indebtedness or evidences of ownership of property in which any foreign state or a national or political subdivision thereof, as defined by the President, has any interest, by any person within the United States or any place subject to the jurisdiction thereof; and the President may require any person to furnish under oath, complete information relative to any transaction referred to in this subdivision or to any property in which any such foreign state, national or political subdivision has any interest, including the production of any books of account, contracts, letters, or other papers, in connection therewith in the custody or control of such person, either before or after such transaction is completed.’

"SEC. 2. Executive Order Numbered 8389 of April 10, 1940, and the regulations and general rulings issued thereunder by the Secretary of the Treasury are hereby approved and confirmed.

"SEC. 3. Nothing in this Joint Resolution shall be deemed to repeal or to modify in any manner any the provisions of the Act of April 13, 1934, 48 Stat-574 (the Johnson Act) or of the Neutrality Act of 1939 (Public Resolution Numbered 54, Seventy-sixth Congress).

"Approved: May 7, 1940."

REGULATIONS, INSTRUCTIONS, GENEBAL RULINGS, AND GENERAL LICENSES BY THE SECRETARY OF THE TREASURY OF THE UNITED STATES.

"TREASURY DEPARTMENT
"OFFICE OF THE SECRETARY,
"April 10, 1940

"REGULATIONS

"Relating to Transactions In Foreign Exchange, Transfers of Credit, Payments, and the Export or Withdrawal of Coin, Bullion and Currency; and to Reports of Foreign Property Interests in the United States.

"Sec. 130.1. Authority for regulations.—These regulations are prescribed and issued under authority of Section 5 (b) of the Act of October 6, 1917 (40 Stat. 411) as amended by Section 2 of the Act of March 9, 1933 (48 Stat. 1), and Executive Order No. 6560, dated January 15, 1934, as amended.

" Sec. 130.2. Definitions.

"(a) The term ‘Order’ shall refer to Executive Order No. 6560, of January 15, 1934, as amended.

"(b) The term ‘regulations’ shall refer to these regulations.

"(c) The terms ‘property’ and ‘property interest or ‘property interests’ shall include, but not by way of limitation, money, checks, drafts, bullion, bank deposits, savings accounts, any debts, indebtedness or obligations, financial securities commonly dealt in by bankers, brokers, and investment houses, note, debentures, stocks, bonds, coupons, bankers acceptances, mortgages, pledges liens or other right in the nature of security, warehouse receipts, bills of lading trust receipts, bills of sale, other evidences of title or ownership, goods, wares, merchandise, chattels stocks on hand, ships, goods on ships, real estate mortgages, vendors’ sales agreements, land contracts, real estate and any interest therein, leaseholds, ground rents, options, negotiable instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks, copyrights, insurance policies, safe deposit boxes and their contents, annuities, etc.

"(d) Safe deposit boxes shall be deemed to be in the ‘custody’ not only of all persons having access thereto but also of the lessors of such boxes whether or not such lessors have access to such boxes. The foregoing shall not in any way be regarded as a limitation upon the meaning of the term ‘custody.’

"(e) For the meaning of other terms reference should be made to the definitions contained in the Order.1

"Sec. 130.3. Licenses to engage in foreign exchange transactions, etc.—Applications for licenses to engage in foreign exchange transactions, transfers of credit, payments, or the export or withdrawal from the United States or the earmarking of gold or silver coin or bullion or currency, involving property in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect , shall be filed in duplicate with the Federal Reserve Bank of the district in which the applicant resides or has his principal place of business or principal office or agency, or with the Federal Reserve Bank of New York if the applicant has no legal residence or principal place of business or principal office or agency in a Federal Reserve district. Application forms may be obtained from any Federal Reserve bank, mint or assay office, or the Secretary of the Treasury, Washington, D. C. Applications shall be executed under oath before an officer authorized to administer oaths, or if executed outside of the United States, before a diplomatic or consular officer of the United States. The applicant shall furnish such further information as shall be requested of him by the Secretary of the Treasury or the Federal Reserve bank at which the application is filed. Licenses will be issued by the Secretary of the Treasury, acting directly or through any agencies that he may designate, and by the Federal Reserve banks acting in accordance with such rules, regulations, and instructions as the Secretary of the Treasury may from time to time prescribe, in such cases or classes of cases as the Secretary of the Treasury may determine in rules, regulations, and instructions prescribed by him. The Federal Reserve bank at which an application is filed will advise the applicant of the granting or denial of the license. When the transaction authorized by the license has been completed the license should be returned by the licensee to the Federal Reserve bank at which the application was filed, except in the case of licenses for the export or withdrawal of currency or gold or silver coin or bullion, in which case the license, after having been cancelled by the collector of customs or the postmaster through whom the exportation or withdrawal was made, shall be sent by such collector of customs or postmaster to the Federal Reserve bank at which the application was filed. Appropriate forms for applications and licenses will be prescribed by the Secretary of the Treasury. Licensees may be required to file reports upon the consummation of the tons actions. The decision of the Secretary of the Treasury with respect to the approval or disapproval an application shall be final.1

"SEC. 130.4. Reports of property interests of Norway and Denmark and nationals thereof. .

"(a) Within 10 days from the publication of these regulations in the Federal Register, reports shall be filed on Form TFR-100 duly executed under oath, containing the information called for in such Form, with respect to all property situated in the United States on the date as of which the report is made in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect. Such reports shall be filed by:

"(1) Every person in the United States directly or indirectly holding-, or having title to, or custody, control, or possession of such property including, without any limitation whatsoever of the foregoing, every partnership, association, or corporation organized under the laws of the United States or any state or territory of the United States, or having its principal place of business in the United States, in the shares of whose stock or in whose debentures, notes, bonds, coupons, or other obligations or securities Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect; and

"(2) Every agent or representative in the United States for Norway or Denmark or any national thereof having any information with respect to any such property.

"Provided, That no report on Form TFR-100 need be filed where the total value of all property interests to be reported is less than $250.

"(b) The date as of which all reports on Form TFR-100 are required to be made is April 8, 1940.

"(c) At the close of every business day in which there shall occur any acquisition, transfer, disposition, or any other dealing in any of the property interests designated in paragraph (a) above, a report, or reports, on Form TFR-200, duly executed under oath, containing the information called for in such Form shall be filed by every person, agent, etc., referred to in paragraph (a) above, provided, however, that such reports for the ten-day period from the date of publication of these regulations in the Federal Register, may be filed at any time within such ten-day period.

" (d) Neither filing nor the failure to file a report or reports required to be filed on Form TFR-100, nor the absence of a duty to file such report or reports shall in any way affect the duty to file a report or reports on Form TFR-200, and vice versa.

" (e) Reports shall be executed and filed in triplicate with the Federal Reserve bank of the district in which the party filing the report resides or has his principal place of business or principal office or agency, or if such party has no legal residence or principal place of business or principal office or agency in a Federal Reserve district, then with the Federal Reserve Bank of New York. A report shall be deemed to have been filed when it is received by the proper Federal Reserve bank or when it is properly addressed and mailed and bears a postmark dated prior to midnight of the date upon which the report is due. At the close of each business day the Federal Reserve bank shall forward two executed copies of every report filed on that day to the Secretary of the Treasury

"(f) (1) All spaces in the report must be properly filled in. Reports found not to be in proper form, or lacking in essential details, shall not be deemed to have been filed in compliance with the order.

"(2) Where space in the report from does not permit full answers to questions, the information requires may be set forth in supplementary papers incorporated by reference in the report and submitted therewith. Supplementary documents and papers must be referred to in the principal statement in chronological or other appropriate order and be described in such manner that they can be identified.

"(g) A separate report under oath must be filed by each person required to file by a report except that person holding property jointly may file a joint report.

"(h) Upon a written request made to the Secretary of the Treasury by a party required to file a reporting forth reasons why the report cannot be filed on or before the date such report is due, the Secretary of the Treasury, in his discretion, may grant such an extension of time for making the report as under the circumstances shall appear to be required.

"(i) Report Forms TFR-100 and TFR-200 may be obtained from any Federal Reserve bank, mint or assay office and the Secretary of the Treasury, Washington, D. C.1

"Sec. 130.5. Penalties.—Section 5 (b) of the Act of October 6, 1917, as amended by section 2 of the Act of March 9, 1933, provides in part:

"’ . . . Whoever willfully violates any of the provisions of this subdivision or of any license, order, rule or regulation issued thereunder, shall, upon conviction, be fined not more than $10,000, or, if a natural person, may be imprisoned for not more than ten years, or both; and any officer, director, or agent of any corporation who knowingly participates in such violation may be punished by a like fine, imprisonment, or both. As used in this subdivision the term "person" means an individual, partnership, association, or corporation.

"Sec. 130.6. Modification or revocation.—These regulations and any Forms or instructions issued hereunder may be modified or revoked at an time.

"H. MORGENTHAU, Jr.
Secretary of the Treasury

"Approved: April 10, 1940
"FRANKLIN D. ROOSEVELT."

7. "INSTRUCTIONS TO THE TREASURER OF THE UNITED STATES, THE COMMISSIONER OF AC-THE PUBLIC DEBT, ALL POSTMASTERS, ALL DISBURSING OFFICERS, AND OTHER OFFICERS AND EMPLOYEES MAKING OR RECEIVING PAYMENTS ON BEHALF OF THE UNITED STATES, ANY DEPARTMENT, BUREAU, AGENCY, OR INSTRUMENTALITY THEREOF, THE UNITED STATES MINTS AND ASSAY OFFICES, AND FEDERAL RESERVE BANKS

"Executive Order No. 8389 of April 10, 1940, and the Regulations of April 10, 1940, imposed restrictions on certain transactions involving property in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest "While such Order and Regulations remain in effect, unless otherwise directed, the Treasurer of the United States, the Commissioner of Accounts and Deposits, the Commissioner of the Public Debt, all postmasters, all disbursing officers, and other officers and employees making or receiving payments on behalf of the United States, any department, bureau, agency, or instrumentality thereof, the United States Mints and Assay Offices, and Federal Reserve Banks, shall, from and after the date hereof, observe the following instructions:

"(1) No money, bonds or other securities of the United States, Government check, draft, money order, warrant, or other Government order for the payment of money, however, designated, shall be sent to any address in Norway or Denmark, and no change of address from an address in Norway or Denmark to an address outside those countries shall be recognized without the approval of the Secretary of the Treasury.

"(2) No money, bonds or other securities of the United States, Government check, draft, money order warrant, or other Government order for the payment of money, however, designated, shall be sent to any national of Norway or Denmark within the meaning of Executive Order No. 8389, April 10, 1940, or to any other person, corporation, partnership, association or other body of persons, whether located, for or on behalf of Norway or Denmark or any national thereof. An individual domiciled and resident in the United States on April 8, 1940 is not a ‘national’ of Norway or Denmark within the meaning of Executive Order No. 8389, April 10, 1940.

"(3) Money, Government checks, drafts, money or warrants, or other Government orders for the payment of money, are authorized to be issued and paid to payees in Norway or Denmark for the purpose of paying salaries of officers, agents or employees of the United States located in Norway or Denmark, and all legitimate administrative expenses of any branch of the United States Government in Norway or Denmark, including, but not by way of limitation, supplies, cables, telephone and telegraph charges, service charges, construction costs, rent, and maintenance of buildings used by the United States in those countries.

"(4) Government checks, drafts, money orders, warrants, coupons, and other Government orders for the payment of money, which have been or may be issued to Norway or Denmark or to any national thereof within the meaning of Executive Order No. 8389, April 10, 1940, are authorized to be paid only where such instruments are presented for payment by a banking institution within the United States.

"(5) The issuance of duplicate checks, the originals of which were drawn payable to the order of Norway or Denmark or any national thereof within the meaning of Executive Order No. 8389, April 10, 1940, shall be authorized only where a banking institution within the United States was the owner of the check at the time of its loss, theft or destruction.

"(6) Taxes; fees, charges, and other payments payable to the United States may be received in due course for credit to regular government accounts even though Norway or Denmark or a national thereof within the meaning of Executive Order No. 8389, April 10, 1940, has an interest in such payment

"(7) Where any transaction is not permitted under Executive Order No. 8389, April 10, 1940, the Regulations issued thereunder, or these instructions, an application to permit the transaction may be filed with the Secretary of the Treasury on Treasury Department Form TFR-1. In the event that such an application is filed, the applicant and the appropriate Government office, officer, or employee will be advised of the disposition thereof.

"(8) Cases in which there is any doubt whether the particular transaction is prohibited by Executive Order No. 8389, April 10, 1940, the Regulations issued thereunder, or these instructions should be referred to the Secretary of the Treasury for consideration.

"D. W. BELL
"Acting Secretary of the Treasury

"April 17, 1940."

8.

"TREASURY DEPARTMENT

"OFFICE OF THE SECRETARY,
"May 10, 1940

"AMENDMENT TO REGULATIONS

"The Regulations of April 10, 1940, are amended to read as follows:

"REGULATIONS

" Relating to Transactions in Foreign Exchange, Transfers of Credit , Payments, and the Export or Withdrawal of Coin, Bullion and Currency, and Transfers, Withdrawals and Exportations of, or Dealings in, Evidences of Indebtedness or Ownership; and to Reports of Foreign Property Interests in the United States

"SEC.130.1. Authority for regulations.—These regulations are prescribed and issued under authority of 5 (b) of the Act of October 6, 1917 (40 Stat. 411), as amended, and by Executive Order No. 6560 dated January 15, 1934, as amended.

"Sec. 130.2. Definitions.—

"(a) The term ‘Order’ shall refer to Executive Order No. 6560, of January 15, 1934, as amended.

"(b) The term ‘Regulations’ shall refer to these regulations.

"(c) The terms ‘property’ and ‘property interest’ or ‘property interests’ shall include, but not by way of limitation, money, checks, drafts, bullion, bank deposits, saving accounts, any debts, indebtedness or obligations, financial securities commonly dealt in by bankers, brokers, and investment houses, notes, debentures, stocks, bonds, coupons, bankers acceptances, mortgages, pledges, liens or other right in the nature of security, warehouse receipts, bills of lading, trust receipts, bills of sale, any other evidences of title or ownership or indebtedness, goods, wares, merchandise, chattels, stocks on hand, ships, goods on ships, real estate mortgages, vendors’ sales agreements, land contracts, real estate and any interest therein, leaseholds, ground rents, options, negotiable instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks, copyright, insurance policies, safe deposit boxes and their contents, annuities, etc.

"(d) Safe deposit boxes shall be deemed to be in the ‘custody’ not only of all persons having access thereto but also of the lessors of such boxes whether or not such lessors have access to such boxes. The foregoing shall not in any way be regarded as a limitation upon the meaning of the term ‘custody’.

"(e) For the meaning of other terms reference should be made to the definitions contained in ft! order.

"SEC. 130.3. Licenses to engage in foreign exchange transactions, etc.-Applications for licenses to engage in foreign exchange transactions, transfers of credit payments, the export or withdrawal from the United States or the earmarking of gold or silver coin or bullion or currency, or the transfer, withdrawal or exportation of, or dealing in, any evidences of indebtedness or evidences of ownership of property, involving property in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940 had any interest of any nature whatsoever, direct or indirect, or in which the Netherlands, Belgium or Luxembourg or any national thereof has at any time on or since May 10, 1940, had any interest of any nature whatsoever, direct or indirect, shall be filed in duplicate with the Federal Reserve Bank of the district or the Governor or High Commissioner of the territory or possessions of the United States in which the applicant resides or has his principal place of business or principal office or agency, or with the Federal Reserve Bank of New York if the applicant has no legal residence or principal place of business or principal office or agency in a Federal Reserve District of a territory or possession of the United States. Application forms may be obtained from any Federal Reserve Bank, mint, or assay office, or the Secretary of the Treasury, Washington, D. C. Applications shall be executed under oath before an officer authorized to administer oaths, or if executed outside of the United States, before a diplomatic or consular officer of the United State. The applicant shall furnish such further information as shall be required of him by the Secretary of the Treasury or the Federal Reserve Bank or other agency at which the application is filed. Licenses will be issued by the Secretary of the Treasury, acting directly or through agencies that he may designate, and by the Reserve Bank acting in accordance with such regulations, and instructions as the Secretary of the Treasury may from time to time prescribe in such cases or classes of cases as the Secretary of the Treasury may determine in rules, regulations, and instructions prescribed by him. The Federal Reserve Bank or other agency at which an application is filed will advise the applicant of the granting or denial of the license. Licenses for the export or withdrawal of currency or gold or silver coin or bullion or evidences of ownership or property, after having been cancelled by the Collector of Customs or the Postmaster through whom the exportation or withdrawal was made, may be returned by such Collector of Customs or Postmaster to the licensee. Appropriate forms for the applications and licenses will be prescribed by the Secretary of the Treasury. Licensees may be required to fill reports upon the consummation of the transactions. The decision of the Secretary of the Treasury with respect to the approval or disapproval of an application shall be final.

"Sec. 130.4. Reports of property interests of Norway, Denmark, the Netherlands, Belgium, Luxembourg and nationals thereof.

"(a) On or before May 15, 1940, reports shall be filed on Form TFR-100, duly executed under oath, containing the information called for in such form, with respect to all property situated in the United States on April 8, 1940, in which Norway or Denmark or any national thereof has at any time on or since April 8, 1940, had any interest of any nature whatsoever, direct or indirect. Within 30 days of the publication of these regulations in the Federal Register, reports shall be filed on Form TFR-100, duly executed under oath, containing the information called for in such form, with respect to all property situated in the United States on May 10, 1940, in which the Netherlands, Belgium or Luxembourg or any national thereof has at any time on or since May 10 1940 had any interest of any nature whatsoever, direct or indirect. Such reports shall be filed by:

"(1) Every person in the United States directly or indirectly holding, or having title to, or custody, control, or possession of such property including] without any limitation whatsoever of the foregoing, partnership, association, or corporation organized under the laws of the United States, or any State or Territory of the United States, or having its principal place of business in the United States, in the shares or whose stock or in whose debentures, notes, bonds, coupons, or other obligations or securities Norway or Denmark or any national thereof has at any time on or since April 8, 1940 had any interest of any nature whatsoever, direct or indirect, or in which the Netherlands, Belgium, or Luxembourg or any national thereof has at any time on or since May 10, 1940, had any interest of any nature whatsoever, direct or indirect; and

"(2) Every agent or representative in the United States for Norway, Denmark, the Netherlands, Belgium or Luxembourg or any national thereof having any information with respect to any such property. Provided, That no report on Form TFE-100 need be filed where the total value of all property interests to be reported is less than $250.

"(b) Reports shall be executed and filed m triplicate with the Federal Reserve Bank of the district or the Governor or high Commissioner of the territory or possession of the United States in which the party filing the report resides or has his principal place of business or principal office or agency or if such party has no legal residence or principal gee of business or principal office or agency in a Federal Reserve district or a territory or possession of the United States, then with the Federal Reserve Bank of New York. A report shall be deemed to have been filed when it is received by the proper Federal Reserve Bank or other agency or when it is properly addressed and mailed and bears a postmark dated prior to midnight of the date upon which the report is due. The Federal Reserve Bank and other agencies shall promptly forward two copies of every report filed with it to the Secretary of the Treasury,

"(c) (1) All spaces in the report must be properly filled in. Reports found not to be in proper order, or lacking in essential details, shall not be deemed to have been filed in compliance with the order.

"(2) Where space in the report form does not permit full answers to questions, the information required may be set forth in supplementary papers incorporated by reference to the report and submitted therewith. Supplementary documents and papers must be referred to in the principal statement in chronological or other appropriate order and be described in such manner that they can be identified.

"(d) A separate report under oath must be filed by each person required to file a report except that persons holding property jointly may file a joint report.

"(e) The Secretary of the Treasury may, in his discretion grant such extensions of time as he deems advisable for the making of any or all of the reports required by these regulations.

"(f) Report Form TFR-100 may be obtained from any Federal Reserve Bank, mint, or assay office and the Secretary of the Treasury, Washington, D. C.

"Sec. 130.5. Penalties.—Section 5 (b) of the Act of October 6, 1917, as amended by section 2 of the Act of March 9, 1933, provides in part:

"’ . . . Whoever willfully violates any of the provisions of this subdivision or of any license, order, rule or regulation issued thereunder, shall, upon conviction, be fined not more than $10,000, or if a natural person, may be imprisoned for not more than 10 years, or both; and any officer, director, or agent of any corporation who knowingly participates in such violation may be punished by a like fine, imprisonment, or both. As used in this subdivision the term "person" means an individual, partnership, association, or corporation.

"Sec. 130.6. Modification or revocation.—These regulations and any forms or instructions issued hereunder may be modified or revoked at any time.

"HENRY MORGENTHAU, JR.
Secretary of the Treasury

Approved: May 10, 1940, 7.55 A. M., E. S. T.
"FRANKLIN D. ROOSEVELT."

9. "GENERAL RULING NO. 1 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"The Secretary of State has advised me as follows:

" ‘Denmark and Iceland are two separate political entities. Acting under the authority of a provision of the Icelandic Constitution the Icelandic Parliament has within the past few days passed a resolution stating that since the King of .Iceland is not now in a position to carry out his Constitutional duties with respect to Iceland, the Icelandic Government has assumed for the time being exercise of the Royal prerogatives and the entire control of Icelandic foreign relations. above-mentioned Executive Order and Regulations as not applying to Iceland.

"H. MORGENTHAU, JR.
Secretary of the Treasury

"Dated April 15, 1940"

10. GENERAL RULING NO. 2 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"Inquiry has been made as to whether the following are prohibited by the Executive Order and the Regulations issued thereunder except under license:

"(a) The transfer by a banking institution within the United States of stock certificates from or into the names of ‘nationals’ of Norway or Denmark; and

"(b) The delivery out of custody accounts or the receipt in custody accounts, by a banking institution with the United States, of securities held or to be held in custody for ‘nationals’ of Norway or Denmark.

"The Treasury Department construes the Executive Order and Regulations as prohibiting such transactions, except under license.

"H. MORGENTHAU, Jr.
"Secretary of the Treasury

"Dated: April 19, 1940"

11.

"TREASURY DEPARTMENT
"OFFICE OF THE SECRETARY,
"June 3, 1940

"GENERAL RULING NO 3. UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940 AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

The attention of banks, brokers, transfers agents, registrars and all other persons and banking institutions in the United States is invited to the factthat the Treasury Department construes Executive Order No. 8389, April 10, 1940, as amended, and Regulations issued pursuant thereto as prohibiting the acquisition, transfer, disposition, transportation importation, exportation, or withdrawal of, or the endorsement or guarantee of signatures on, or otherwise dealing in, or with respect to, any security (or evidence thereof) registered or inscribed in the name of Norway, Denmark, the Netherlands, Belgium or Luxembourg or any national thereof, except pursuant to a specific license, irrespective of the fact that at any time (either prior to, on, or subsequent to April 10, 1940) the registered or inscribed owner thereof may have, or appears to have, assigned, transferred or otherwise disposed of any such security. Applications for licenses should be made in the manner provided in the Regulations issued under the Executive Order of April 10, 1940, as amended.

"D. W. BELL
"Acting Secretary of the Treasury"

12.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 3,1940

"GENERAL RULING NO. 4 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940 AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"Except as otherwise specifically indicated, all definitions appearing in Executive Order No. 8389 of April 10, 1940, as amended, and the Regulations issued thereunder, all apply to the terms employed in all rulings, licenses, instructions, etc., issued pursuant to such Executive Order and Regulations.

"D. W. BELL

"Acting Secretary of the Treasury"

13. "general ruling no. 5 under section 5 (b) of the act of october 6, 1917 (40 stat. 411) as amended, executive order no. 8389 of april 10, 1940, as amended, and regulations issued pursuant thereto, and under all other authority of law.

"The sending, mailing, importing or otherwise to the United States, on and after June 7, 1940 from any foreign country, of any securities or evidences thereof or the receiving or holding in the United States of any securities or evidences thereof so brought into the United States is prohibited, except on condition that such securities and evidences thereof be immediately delivered for examination to a Federal Reserve bank as fiscal agent of the United States. Federal Reserve bank, as fiscal agent of the United States, shall hold such securities and all evidences thereof until the Treasury Department is satisfied as to whether or not any of the countries named in Executive Order No. 8389 as amended, or any national thereof has at any time on or since the dates specified in such order, as amended, had any interest of any nature whatsoever, direct or indirect, in such securities or evidences thereof. Proof as to whether or not any of such countries or any national thereof has had any such interest may be submitted to the Federal Reserve bank holding such securities or evidences thereof.

"Customs officers and postal employees are instructed to deliver any such securities or evidences thereof to a Federal Reserve bank. Any articles arriving from any foreign country on or after June 7, 1940, which in the opinion of customs officers or postal employees contain such securities or evidences thereof, shall be subjected to customs inspection in accordance with the customs regulations of 1937. If any article opened by an addressee or his agent in the presence or under the supervision of a customs officer or postal employee is found to contain such securities or evidences thereof, such securities or evidences thereof shall be surrendered forthwith to such customs officer or postal employee for delivery to a Federal Reserve bank, as above provided.

"H. MORGENTHAU, Jr.
"Secretary of the Treasury

"Approved: June 6, 1940

"FRANKLIN D. ROOSEVELT."

PRESS RELEASE OF THE TREASURY
DEPARTMENT, WASHINGTON, D. C.

14. "Press service No. 21-24.2

"Friday, June 7, 19140
"The Secretary of the Treasury today announced that, until further notice, securities coming into the United States from Great Britain, France, Canada, Newfoundland or Bermuda need not be forwarded to a Federal Reserve bank for examination under General Ruling No. 5, issued on June 6, 1940, relating to examination of securities brought into the United States.

15.

TREASURY DEPARTMENT
"Office of the Secretary

"GENERAL LICENSE NO. 1 UNDER EXECUTIVE ORDER
NO. 8389, APRIL 10, 1940, AND REGULATIONS
ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS
IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing payments and transfers of credit to account is banking institutions within the United States in which Norway or Denmark or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940 and the Regulations issued thereunder; provided that the payments or transfers of credit are not made from accounts in which Norway or Denmark or a national thereof has a property interest within the meaning: of such Order and Regulations.

"D. W. BELL
"Acting Secretary of the Treasury

"April 30, 1940."

16.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 10, 1940

"AMENDMENT TO GENERAL LICENSE NO. 1 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC,2

"General License No. 1 is hereby amended to read as follows:

" ‘A general license is hereby granted authorizing payments and transfers of credit to accounts in banking institutions within the United States in which Norway, Denmark, the Netherlands, Belgium, or Luxembourg, or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder; provided that the payments or transfers of credit are not made from accounts in which Norway, Denmark, the Netherlands, Belgium or Luxembourg or a national thereof has a property interest within the meaning of such Order and Regulations.’

"HERBERT E. GASTON
"Acting Secretary of the Treasury

17

TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 10, 1940

"GENERAL LICENSE NO. 2 under EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN’ EXCHANGE, ETC.2

"A general license is hereby granted authorizing banking institutions within the United States to debit accounts with such banking institutions in which Norway, Denmark, the Netherlands, Belgium or Luxembourg or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, in payment or reimbursement for (a) interest due to such banking institutions, (b) cable, telegraph or telephone charges, or postage costs (c) custody fees and service charges, and (d) protest fees, provided that all banking institutions making any such debits shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of such debits.

"HERBERT E. GASTON
"Acting Secretary of the Treasury"

18.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 10, 1940

"GENERAL LICENSE NO. 3 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940 AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

A general license is hereby granted authorizing banking institutions within the United States.

" (a) to make payments from accounts in which Norway or Denmark or a national thereof has a property interest within the meaning of the Executive Order April 10, 1940, as amended, and the Regulations issued thereunder, of checks, drafts, and other payment orders drawn or issued prior to April 8, 1940, and to accept and pay and debit to such accounts drafts drawn prior to April 8, 1940, under letters of credit, and

" (b) to effect transfers of credit or payments between accounts in banking institutions within the United States in which Norway or Denmark or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, under instructions issued prior to April 8, 1940.

" (c) to make payments from accounts in which the Netherlands, Belgium or Luxembourg or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, of checks, drafts, and other payment orders drawn or issued prior to May 10, 1940, and to accept and pay and debit to such accounts drafts drawn prior to May 10, 1940, under letters of credit, and

" (d) to effect transfers of credit or payments between accounts in banking institutions within the United States in which the Netherlands, Belgium or Luxembourg or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulation issued thereunder, under instructions issued prior to May 10, 1940.

"HERBERT E. GASTON
"Acting Secretary of the Treasury

19.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY
"May 10, 1940

"GENERAL LICENSE NO. 4 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN’ EXCHANGE, ETC.2

"A general license is hereby granted authorizing the bona fide purchase and sale of securities by banking institutions within the United States, for the account of nationals of Norway, Denmark, the Netherlands, Belgium or Luxembourg within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, pursuant to the instructions of such nationals, and the making and receipt of payment for and the transfer of such securities, provided that:

"(a) in the case of the purchase of securities the securities purchased are held in an account in a banking institution within the United States in the name of the national of Norway, Denmark, the Netherlands, Belgium or Luxembourg whose account was debited to purchase such securities, and

"(b) in the case of the sale of securities the proceeds of the sale are credited to an account in a banking institution within the United States in the name of the national of Norway, Denmark, the Netherlands, Belgium or Luxembourg for whose account the sale was made.

"Each banking institution making such a purchase or sale is required to file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions, including a description of the securities purchased or sold, of the person for whose account the purchase or sale was made, and the price at which the purchase or sale was made.

"HERBERT E. GASTON
"Acting Secretary of the Treasury"

20.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 10, 1940.

"GENERAL LICENSE NO. 5, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing the payment to the United States and agencies and instrumentalities thereof of taxes, fees, charges, and other items payable to the United States and agencies and instrumentalities thereof from accounts in which Norway, Denmark, the Netherlands, Belgium or Luxembourg or a national thereof has a property interest with the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder.

"HERBERT E. GASTON
"Acting Secretary of the Treasury"

21.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,

"May 13, 1940

"GENERAL LICENSE NO. 6 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing all payments, transfers and withdrawals from accounts of the Government of the Netherlands.

"H. MORGENTHAU, Jr
"Secretary of the Treasury

22.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 16, 1940

"REVOCATION OF GENERAL LICENSE NO.6 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"General License No. 6 authorizing all payments, transfers and withdrawals from accounts of the Government of the Netherlands is hereby revoked.

"H. MORGENTHAU, JR.
Secretary of the Treasury"

23.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 13, 1940

"GENERAL LICENSE NO. 7 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing all payments, transfers and withdrawals from accounts of the Government of Belgium and the Banque Nationale de Belgique.

"H. MORGENTHAU, JR.
Secretary of the Treasury"

24.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 13, 1940

"general license no. 8 under executive order no. 8389, april 10, 1940, as amended, and regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.2

"A general license is hereby granted authorizing banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name any of the following: Javasche Bank, Nederlandsche Handel-Maatschappij, Nederlandsch Indische Handelsbank and Nederlandsch-Indische Escompo Maatschappij.

"Banking institutions within the United States making such payments, transfers, or withdrawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions during such period.

"H. MOHGENTHAU, JR.
"Secretary of the Treasury"

25.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 16, 1940

"revocation of general license no. 8 under executive order no. 8389, april 10, 1940, as amended, and regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.2

"General license No. 8, authorizing banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name of any of the following: Javasche Bank, Nederlandsche Handel-Maatschappij, Nederlandsch Indische Handels bank and Nederlandsch-Indische Escompo Maatschappij, is hereby revoked.

"D. W. BELL
"Acting Secretary of the Treasury"

26.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 14, 1940

"GENERAL LICENSE NO. 9 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing the bona fide purchase and sale of commodities futures contracts and of evidences of ownership of actual commodities by banking institutions within the United States, for the account of nationals of Norway, Denmark, the Netherlands, Belgium of Luxembourg, within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, pursuant to the instructions of such nationals, and necessary transfers of credit and payments between accounts in banking institutions within the United States as required in connection with such purchases or sales or because of fluctuation in the market value of the commodities covered by such contracts or evidences of ownership, provided that:

"(a) in the case of the purchase of commodities futures contracts or evidences of ownership of actual commodities, the contracts or evidences of ownership purchased are held in an account in a banking institution within the United States in the name of the national of Norway, Denmark, the Netherlands, Belgium or Luxembourg, whose account was debited in connection with such purchase.

"(b) in the case of the sale of commodities futures contracts or evidences of ownership of actual commodities, the proceeds of the sale are credited to an account in a banking institution within the United tates in the name of the national of Norway, Denmark, Netherlands, Belgium or Luxembourg for whose account the sale was made institution.

"Each banking institution making such a purchase or sale is required to file promptly with the appropriate Federal Reserve bank weekly reports showing the tails of the transactions including a description of the commodities futures contracts or evidences of ownership of actual commodities purchased or sold, of the person for whose account the purchase or sale was made, and the price at which the purchase or sale was made.

"HERBERT E. GASTON
"Acting Secretary of the Treasury"

27.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 14, 1940

"GENERAL LICENSE NO. 10 UNDER EXECUTIVE ORDER NO 8389, APRIL 10, 1040, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name of the Banque Belge pour l’Etranger, Overseas, Ltd., including its New York agency, the Banque Belge pour 1’Etranger in paris, the Banque Belge pour 1’Etranger et Internationale in Egypt, the Banque Italo-Belge in Argentine, the Banque Belge pour 1’Etranger in the Far East, and the Banque du Congo Belge.

"Banking institutions within the United States making such payments, transfers, or withdrawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions during such period.

"HERBERT E. GASTON
Acting Secretary of the Treasury"

28.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 15, 1940

"GENERAL LICENSE NO. 11 UNDER EXECUTIVE ORDER NO 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing payments and transfers of credit in the United States from accounts in banking institutions within the United States in which a national of Norway, Denmark, the Netherlands, Belgium or Luxembourg has a property interest within the meaning of the Executive Order of April 10, 1040, as amended, and the Regulations issued thereunder, to or upon the order of the person in whose name the account is held, provided that (a) the banking institution making any such payments or transfers of credit satisfies itself that such payments and transfers of credit are needed for living, traveling and similar personal expenses in the United States (b) such payments and transfers of credit by such banking institution do not exceed $500 in any one month to or for the account of any one depositor, and (c) each banking institution making any such payments or transfers of credit shall file promptly with the appropriate Federal Reserve bank monthly reports showing the details of such payments and transfers of credit.

"D. W. BELL
Acting Secretary of the Treasury"

29.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY
"May 17, 1940

"AMENDMENT TO GENERAL LICENSE NO. 3 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940 AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"General License No. 3 is hereby amended to read as follows:

"’A general license is hereby granted authorizing banking institutions within the United States:

"‘(a) to make payments from accounts in which Norway or Denmark or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, of checks and drafts drawn or issued prior to April 8, 1940, and to accept and pay and debit to such accounts drafts drawn prior to April 8, 1940, under letters of credit, and

"'(b) to make payments from accounts in which the Netherlands, Belgium or Luxembourg or a national thereof has a property interest within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, of checks and drafts drawn or issued prior to May 10, 1940, and to accept and pay and debit to such accounts drafts drawn prior to May 10, 1940, under letters of credit;

"’Provided, That each banking institution making, after May 17, 1940, any payment or debit authorized by this general license shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of such transactions.’

"D. W. BELL
"Acting Secretary of the Treasury"

30.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY
"May 20, 1940

"GENERAL LICENSE NO. 12 UNDER EXECUTIVE ORDER NO 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing access to safe deposit boxes leased by Norway Denmark, the Netherlands, Belgium or Luxembourg or a national thereof within the meaning of the Executive Order of April 10, 1940, as amended, and the Regulations issued thereunder, or containing property in which any of the foregoing has an interest of any nature whatsoever, direct or indirect, and the deposit therein or removal there from of any property, but in each case only on the following terms and conditions:

"(1) Such access shall be permitted only in the presence of an authorized representative of the lessor of such box;

"(2) In the event that any money or evidences of indebtedness or evidences of ownership of property are to be removed from such box, such access shall be permitted only in the presence of an authorized representative of a banking institution within the United States, which may be the lessor of such box, which receives into its custody immediately upon removal from such box the money or evidences of indebtedness or evidences of ownership of property removed from such box and which holds the same subject to the Executive Order of April 10, 1940 as amended, and the Regulations issued thereunder, for the account of the lessee of such box and subject to the property interests therein as of April 8, 1940, of Norway or Denmark or any national thereof, or ubject to the property interest therein as of May 10, 1940, of the Netherlands, Belgium or Luxembourg or any national thereof;

"(3) In the event that any money or evidences of indebtedness or evidences of ownership of property are removed from such box the banking institution which receives into its custody any money or evidences of indebtedness or evidences of ownership of property removed from such box shall file promptly with the appropriate Federal Reserve bank a report showing details of the transactions; and

"(4) The lessee of such box or other person granted access to such box shall furnish to the lessor of such box a certificate in triplicate, one copy of which shall be executed under oath, that he has filed or will promptly file a report on Form TFR-100 with respect to such box and the contents thereof; and the lessor of such box shall deliver the sworn copy of such certificate, and one conformed copy thereof, to the appropriate Federal Reserve bank,

"D. W. BELL
"Acting Secretary of the Treasury"

31.

"TREASURY DEPARTMENT

"amendment to general license no. 10, under NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"General License No. 10 is hereby amended to read as follows:

‘"A general license is hereby granted authorizing banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name of the Banque Belge pour 1’Etranger, Overseas, Ltd., including its New York agency, the Banque Belge pour 1’Etranger in Paris, including its Marseilles agenecy the Banque Belge et Internationale en Egypte, the branches and agencies of the Banque Italo-Belge in London, Paris, Le Havre, Buenos Aires, Montevideo, Rio de Janeiro, Sao Paulo, Santos and Campinas, the branches of the Banque Belge pour l’Etranger-Extreme Orient in Shanghai Tientsin, Hongkong and Hankow, and the office in Bordeaux and the branches in London and the Belgian Congo of the Banque du Congo Belge.

" ‘Banking institutions within the United States making such payments, transfers, or withdrawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions during such period.’

"D. W. BELL
"Acting Secretary of the Treasury"

32.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"May 31, 1940

"GENERAL LICENSE NO. 13 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name of any of following: the head offices in Java of the Javasche Bank Nederlandsche Handel Maatchappij, Nederlandsch Indische.Handels bank and Nederlandsch Indische Escompto Maatschappij the branch offices in Kobe Shanghai, Amoy, Hongkong, Manila, Singapore, Bombay and Calcutta of the Nederlandsch Indische Handelsbank and the branch offices in Kobe, Djeddah and Shanghai.of the Nederlandsche Handel Maatschappij

"Banking institutions within the United States making such payments, transfers, or withdrawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions during such period.

"D. W. BELL
"Acting Secretary of the Treasury"

33.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 3, 1940

"AMENDMENT TO GENERAL LICENSE NO. 4 UNDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC2

"General License No. 4 is hereby amended to read as follows:

" ‘A general license is hereby granted authorizing the bona fide sale of securities on a national securities exchange by banking institutions within the United States for the account, and pursuant to the authorization, of nationals of Norway, Denmark, the Netherlands, Belgium or Luxembourg, and the making and receipt of payments, transfers of credit, and transfers of such securities which are necessary incidents of any such sale, provided that:

"'(a) the proceeds of the sale are credited to an account in the name of the national for whose account the sale was made and in the banking institution within the United States which held the securities for such national; and

‘"(b) this general license shall not be deemed to authorize (1) the sale of any security registered or inscribed in the name of Norway, Denmark, the Netherlands, Belgium or Luxembourg, or any national thereof, irrespective of the fact that at any time whether prior to on, or subsequent to April 10 1940) the registered or inscribed owner thereof may have, or appears to have, assigned, transferred or otherwise disposed of the security; or (2) the sale of any securities not physically situated in the United States on June 1, 1940.

" ‘Each banking institution making any sales herein authorized is required to file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions, including a description of the securities sold, the dates of sales, the persons for whose account the sales were made, and the prices obtained.

" ‘This amendment of General License No. 4 shall not be deemed to prevent the completion on or prior to June 6, 1940 of purchases and sales, which were made prior to June 4, 1940 pursuant to General License No. 4, of securities other than securities registered or inscribed in the name of Norway, Denmark, the Netherlands, Belgium or Luxembourg, or any national thereof.’

"D. W. BELL
"Acting Secretary of the Treasury"

34.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 4, 1940

"GENERAL LICENSE NO. 14 UNDER EXECUTIVE ORDER NO 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing banking Institutions within the United States to make all payments transfers and withdrawals from accounts in the name of any of the following: Curacaosche Bank, Willemstad, Curacao; Maduro & Curiel’s Bank, Willemstad, Curacao; Edwards Henriquez & Co., Willemstad, Curacao; and Aruba Bank, Oranjestad, Aruba.

"Banking institutions within the United States making such payments, transfers, or withdrawals shall file promptly with the appropriate Federal Reserve bank weekly reports showing: the details of the transactions during such period,

"D. W. BELL
"Acting Secretary of the Treasury"

35.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 4, 1940

"GENERAL LICENSE NO. 15, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.2

"A general license is hereby granted authorizing banking institutions within the United States:

"(1) To issue, confirm or advise import letters of credit in favor of exporters in the Netherlands East Indies to finance imports there from into the United States, and to accept and pay drafts drawn by such exporters under such letter of credit; and

"(2) To issue confirm or advise export letters of credit in favor of exporters within the United States to finance export there from to the Netherlands East Indies; to accept and pay drafts drawn by such exporters under such letters of credit; and to reimburse such banking institutions for payments under such letters of credit.

The issuance and transfer of documents of title in connection with such import or export letters of credit in accordance with the instructions of the persons entitled to issue such instructions are also hereby authorized.

"Banking institutions issuing, confirming or advising letters of credit or accepting or paying drafts drawn, and all persons (including banking institutions) issuing or transferring documents of title pursuant to this general license, shall file promptly with the appropriate Federal Reserve bank weekly reports showing the details of the transactions during such period.

"For the purpose of this general license the Netherlands East Indies shall be deemed to include the following: Java and Madura, Sumatra, Riouw-Lingga archipelago, Banka, Billiton, Celebes, Borneo (West, South and East Divisions), Timor archipelago, Bali and Lombok, Lesser Sunda Islands and Dutch New Guinea.

"D. W. BELL
"Acting Secretary of the Treasury"

36. "RADIOGRAPHIC TEXT ANNOUNCING REVOCATION OF GENERAL LICENSE NO. 3 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"Washington, June 14, 1940

"United States High Commissioner
"Manila,

"* * * Treasury Department on June 13 revoked General License No. 3, as amended.

"HAMTPON

"Received:
"Manila, June 16, 1940."

37. "radiographic dispatch received by the united states high commissioner to the philippine islands respecting amendment of regulations and general license nos. 16 and 17.

"Washington, June 18, 1940

"United States High Commissioner,
"Manila

" * * * Treasury on same date (June 17) issued following:

"1. Amendment to Regulations of April 10th extending all provisions to property of France or nationals except reports on Form TFR-100 with respect to property situated in the United States on June 17 shall be filed on July 17;

"2. General License No. 16 amending General Licenses Nos. 1, 2, 4, 5, 9, 11 and 12 by adding France to list of countries;

"3. General License No. 17 authorizing banking institutions to make payment from accounts of France or nationals on checks and drafts drawn prior to June 17 and requiring weekly reports on such transaction;

"4. An amendment to General Ruling No. 3 making terms applicable to France. Treasury requests that you be advised that until further notice shipments, arrivals and mail coming into Philippine Islands from France and shipments and mail censored by France or her dominions, territories and possessions are no longer exempt from examination as provided in General Ruling No. 5. Existing instructions are hereby modified accordingly. Papers by mail.

"The general effect of the foregoing is to make applicable to France and nationals, as of June 17, all regulations heretofore imposed under authority of Executive Order No. 8389.

"HAMPTON

"Received:
"Manila, June 19, 1940."

38. "RADIOGRAPHIC DISPATCH RECEIVED BY THS UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING AMENDMENT TO GENERAL LICENSE NO. 2, AND GENERAL LICENSES NOS. 18, 19, AND 20.

"Washington, June 24,, 1940."

"United States High Commissioner,
"Manila.

"Treasury June 19 issued amendment General License No. 2 by inserting following after words ‘service charge,’ ‘including but not by way of limitation minimum balance charges, account carrying charges and reference books, notary and protest fees, photostats, credit reports, transcripts of statements, registered mail insurance, stationery and supplies, checkbooks and other similar items.’ June 18, General License No. 18 authorizing transfers and withdrawals from French-American Banking Corporation, NewYork City; and General License No. 19, authorizing transfers and withdrawals from following: Banco Holandes Unido, Buenos Aires, Argentina; Caracas and Maracaibo, Venezuela; Banco Holandes Unido, Rio de Janeiro, Santos and Sao Paulo, Brazil. On June 19, General License No. 20 authorizing transfers and withdrawals for citizens of the United States domiciled in or resident in Netherlands East or West Indies, provided no foreign country named in Executive Order of April 10th has had any interest of any nature in such account.

"HAMPTON

"Received:
"Manila, June 26, 1940

39. "RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLAND REPSECTING GENERAL LICENSE NO. 21.

"Washington, June 25, 1940

United States High Commissioner,
"Manila.

"Treasury on June 23rd issued General License No. 21 authorizing payment, transfers, et cetera, from accounts in name of Netherlands Trading Society East, London.

"EMERSON

"Received:
"Manila, June 26, 1940"

40. "RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING REVOCATION OF GENERAL LICENSE NO. 7

Washington, June 26, 1940

"United States High Commissioner,
"Manila.

"Treasury Department * * * on June 26 revoked General License No. 7.

"EMERSON

"Received:
"Manila, June 28, 1940."

41. "RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING REVOCATION OF GENERAL LICENSE NO. 10.

"Washington, June 26, 1940

"United States High Commissioner,
"Manila.

"Treasury Department on June 25, revoked General License No. 10 * * *

"EMERSON

"Received:
"Manila, June 28, 1940."

42. "RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING GENERAL LICENSE NO. 22.

"Washington, June 28, 1940

"United States High Commissioner,
"Manila.

"Treasury * * *

"Also on June 27 issued General License No. 22 authorizing payments, transfers and withdrawals from accounts in the name of the Banque Belge pour L’Etranger, Overseas, Limited, including its New York agency.

"EMERSON

"Received:
"Manila June 30, 1940."

43. "RADIOGRAPHIC DISPATCHES RECEIVED BY THE

UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING AMENDMENTS OF GENERAL LICENSE NO. 19.

"Washington, June 28, 1940

"United States High Commissioner,
"Manila.

"Treasury on June 27 issued amendment to General License No. 19, adding to banks named therein the following: ‘and the branches of the Hollandsche Bank-Unie in Willemstad, Caracao and Oranjestad, Aruba.’

"EMERSON

"Received:
"Manila, June 30, 1940"

"Washngton, July 8, 1940

"United States High Commissioner,
"Manila.

"Treasury Department on July 6, amended General License No. 19 to include Holland Bank Union, Haifa, Palestine and Istanbul, Turkey.

"EMERSON

"Received:
"Manila, July 10, 1940."

ORDERS OF THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS CONCERNING EXECUTIVE ORDER 6560 AS AMENDED.

44. "ORDER OF THE HIGH COMMISSIONER CONCERNING EXECUTIVE ORDER 6560 AS AMENDED. NO. 1.

"May 17, 1940 "Pursuant to the authority conferred upon me by a letter of the Secretary of the Treasury, dated May 1, 1940, authorizing me to administer in the Philippine Islands Executive Order No. 6560 of January 15, 1934, as amended by Executive Order No. 8389 of April 10, 1940 and the Executive Order of May 10, 1940, and Treasury Regulations dated April 10, 1940, as amended by Treasury Regulations dated May 10, 1940, regarding property in which Norway, Denmark, Belgium, the Netherlands, Luxembourg or nationals thereof have an interest, I hereby designate Mr. E. D. Hester, Assistant Financial Adviser to the High Commissioner, or in the event of his disability or absence, Mr. Golden W. Bell, Legal Adviser to the High Commissioner, to sign on my behalf such orders, licenses, reports, letters or other documents as may be necessary or advisable in the administration of said or other Executive Orders and Regulations pertaining to this subject.

"Francis B. Sayre
"United States High Commissioner
to the Philippine Islands."

45. "ORDER OF THE HIGH COMMISSIONER CONCERNING EXECUTIVE ORDER 6560 AS AMENDED. NO. 2.

"May 17, 1940

"Pursuant to authority conferred upon me by the Secretary of the Treasury in a letter dated May 14 1940, relating to the provisions of Executive Order No 6560 of January 15, 1934, as amended by Executive Order No. 8389 of April 10, 1940 and the Executive Order of May 10, 1940, and of Treasury Regulations of April 10, 1940, as amended by Treasury Regulations dated May 10, 1940, regarding property in which Norway, Denmark, Belgium, the Netherlands, Luxembourg or nationals thereof have an interest, I hereby extend the time within which Form TFR-100 may be filed,’ reporting property in which Norway or Denmark or nationals thereof have an interest, from May 15, 1940 to and including May, 1940.

"FRANCIS B. SAYRE
"United States High Commissioner
to the Philippine Islands"

46. "order of the high commissioner concerning EXECUTIVE ORDER 6560 AS AMENDED. NO. 3.

"July 1, 1940

"1. Pursuant to the authority conferred upon me by a letter of the Secretary of the Treasury, dated May 1, 1940, authorizing me to administer in the Philippine Islands Executive Order No. 6560 of January 15, 1934, as amended by Executive Order No. 8389 of April 10, 1940, by Executive Order No. 8405 of May 10, 1940 and the Executive Order of June 17, 1940, and Treasury Regulations thereunder regarding property in which Norway, Denmark, Belgium the Netherlands, Luxembourg, France or national: thereof have an interest, and securities coming into the Philippine Islands, I hereby designate Mr. J. Weldon Jones, Financial Adviser to the High Commissioner, or in the event of his disability or absence, Mr. E. D. Hester, Assistant Financial Adviser to the High Commissioner, to sign on my behalf such orders, licenses, reports, letters or other documents as may be necessary or advisable in the administration of said Executive Orders and Regulations, or such others as hereafter may be issued, pertaining to the control in the Philippine Islands of credits and securities.

"2. This order supersedes Order of the High Commissioner concerning Executive Order 6560, as amended, No. 1, dated May 17, 1940.

"FRANCIS B. SAYRE
"United States High Commissioner

to the Philippine Islands."

Proclamation No. 556, dated June 12, 1940, is hereby revoked.

In witness whereof, I have hereunto set my hand and caused the seal of the Commonwealth of the Philippines to be affixed.

Done at the City of Manila, this fifth day of August in the year of Our Lord, nineteen hundred and forty, and of the Commonwealth of the Philippines, the fifth.

MANUEL L. QUEZON
President of the Philippines

By the President:

JORGE B. VARGAS
Secretary to the President


Footnotes:

1 Sections 130.1 to 130.6: Sec 5 (b) 40 Stat 415 and 966 Sec 2. 48 Stat. 1; 12 U. S. C. 95a; Executive Order 6560 Jan. 15, 1934, Ex. Order April 10, 1940.

2 Parts 131-145; sec 5 (b), 40 Stat. 415 and 966; sec. 2, 48 Stat 1; Public Relations No. 69, 76th Congress; 12 U. S. C. 95a; Ex Order 6560, Jan. 15, 1934; Ex Order 8389, April 10, 1940; Ex Order 8405, May 10, 8940; Regulations April 10, 1940, as amended, May 10, 1940.


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