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condition of the company as of the end of the period of Government possession and control will be readily ascertainable.

None of the provisions of this section, and no action that shall be taken pursuant to any of them, shall be deemed to constitute acquiescence by the Administrator in any claim that operations during the period of Government possession and control were for the financial account of the Government, or acquiescence in any other claim that the Government is subject to any lia

bility to the mining company or any other person or persons with respect to any such action, or otherwise. None of the provisions of this section, nor any action taken pursuant to any of them shall be deemed to constitute a waiver by the mining company of any right which it may have to assert a claim against the United States, except as waived by the execution and delivery of Instrument No. 1 or of Instrument No. 2. [Reg., July 29, 1943, 8 F.R. 10713, as amended Dec. 23, 1943, 8 F.R. 17339]

TITLE 31-MONEY AND FINANCE: TREASURY

Subtitle A-Office of the Secretary of the Treasury.

Subtitle B-Regulations Relating to Money and Finance:

Chapter I-Monetary Offices, Department of the Treasury.

Chapter II-Fiscal Service, Department of the Treasury..

Part 10

101

203

Subtitle A-Office of the Secretary of the Treasury

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temporarily as a substitute for a regular member of the Committee. The Committee shall have such powers to prescribe rules for its own government and procedure as are set forth elsewhere in these regulations. The Committee shall meet at such times as it may designate or at the call of the chairman. Two members of the Committee shall constitute a quorum. Hearings for the purpose of taking testimony in proceedings for suspension or disbarment may be held by a single member of the Committee at such places as the Committee may designate, but all findings of fact and recommendation thereon shall be made by the Committee. [As amended Sept. 30, 1943, 8 F.R. 13381]

Subtitle B-Regulations Relating to Money and Finance

CHAPTER I—MONETARY OFFICES, DEPARTMENT OF THE
TREASURY

Part

Part

101 Physical properties of coins. 133 Regulations of the Governor of

[Amended]

129 Values of foreign moneys.

[Amended]

130 Transactions in foreign exchange and foreign-owned property, reporting of all foreign-owned property and related matters. [Amended]

131 General licenses under Executive Order No. 8389, April 10, 1940, as amended, and regulations issued pursuant thereto. [Amended]

Hawaii. [Amended]

135 General licenses issued under securities regulations of the Governor of Hawaii. [Amended] 137 Special regulations under Executive Order No. 8389, as amended, and Executive Order No. 9193. [Amended]

PART 101-PHYSICAL PROPERTIES U.S.C., Sup., 317a) [Reg., Dec. 10, 1943,

Sec.

OF COINS

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§101.1 One-cent piece. (a) From January 1, 1944 until further notice, or until December 31, 1946, whichever shall first occur, the 1-cent piece coined by the United States mints shall have the following physical properties:

(1) It shall be composed 95 percent of copper and 5 percent of zinc. (2) It shall weigh 48 grains.

(3) It shall have a diameter of .750 inches.

(4) It shall be in the shape of a disc. (5) It shall not vary in weight by more than 2 grains, and it shall not vary in diameter by more than .002 inches.

(6) It shall contain the same design, devices and legends as those used since 1909, for the 1-cent piece coined pursuant to amended section 3515 of the Revised Statutes (31 U.S.C. 317).

(b) After January 1, 1944, and during the period in which the above-described 1-cent piece is coined, the coinage of 1-cent pieces pursuant to the provisions of amended section 3515 of the Revised Statutes (31 U.S.C. 317) and pursuant to 31 CFR, Cum. Supp., 101.1, shall be suspended.

This section may be modified or revoked at any time. (56 Stat. 1064, 31

8 F.R. 16829]

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129.6 Calendar Year 1943. [Amended]

§ 129.6 Calendar year 1943.

(c) Quarter beginning July 1, 1943. Pursuant to section 522, title IV, of the Tariff Act of 1930, reenacting section 25 of the act of August 27, 1894, as amended, the following estimates by the Director of the Mint of the values of foreign monetary units are hereby proclaimed to be the values of such units in terms of the money of account of the United States that are to be followed in estimating the value of all foreign merchandise exported to the United States during the quarter beginning July 1, 1943, expressed in any such foreign monetary units: Provided, however, That if no such value has been proclaimed, or if the value so proclaimed varies by 5 per centum or more from a value measured by the buying rate in the New York market at noon on the day of exportation, conversion shall be made at a value measured by such buying rate, as determined and certified by the Federal Reserve Bank of New York and published by the Secretary of the Treasury pursuant to the provisions of section 522, title IV, of the Tariff Act of 1930.

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Remarks

VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)

1695

6180

Given valuation is of gold peso. Paper nominally convertible at 44% of face value. Conversion suspended
Dec. 16, 1929.

Control of gold stocks and exports authorized Dec. 17, 1929.

By decree of Mar. 31, 1936. One belga equals 5 Belgian francs. The Anglo-Belgian financial agreement of June 7,
1940, fixed the rate of exchange of the Belgian franc and the franc of the Belgian Congo at 176.625 francs for
£1 sterling.

.0606 Based upon official rate for cruzeiro in terms of the dollar as announced by the Bank of Brazil. Conversion of
Stabilization-Office notes into gold suspended Nov. 22, 1930. Under decree law of October 6, 1942, the cruzeiro
became the unit of currency, replacing the milreis.
Conversion of notes suspended.

1.6931

0122 Exchange control established Oct. 15, 1931.
1.6931 Embargo on export of gold, Oct. 19, 1931; redemption of Dominion notes in gold suspended Apr 10, 1933.
2060 Given valuation is of gold peso. Gold pesos are received for conversion at the rate of 4 paper pesos for one gold

.5714

Silver standard abandoned by decree of Nov. 3, 1935; bank notes made legal tender under Currency Board con-
trol; exchange rate for yuan fixed at 20 to the U. S. dollar by Stabilization Board of China, July 10, 1942.
Treasury notes and notes of the three banks of issue made legal tender by silver nationalization ordinance of
Dec. 5, 1935; exchange fund created to control exchange rate.

Obligation to sell gold suspended Sept. 24, 1931. New gold content of .56424 grams of gold Ko fine established by
monetary law of Nov. 19, 1938, effective Nov. 30, 1938.

7879 Conversion of notes into gold suspended Sept. 18, 1914; exchange control established Jan. 16. 1932.
1.0000 By law of May 25, 1934.

.4537 Conversion of notes into gold suspended Sept. 29, 1931.

1.6931 U. S. money is principal circulating medium.

3386 Conversion of notes into gold suspended Feb. 9, 1932.
8.3692 Conversion of notes into gold suspended Sept. 21, 1931.
.4537 Conversion of notes into gold suspended June 28, 1933.
0426 Conversion of notes into gold suspended Oct. 12, 1931.

Provisions of monetary law of Oct. 1, 1936, providing for gold content of franc, superseded by decree of June 30,
1937, which stated that the gold content of the franc shall be fixed ultimately by a decree adopted by the Coun
cil of Ministers. Until issuance of such decree a stabilization fund shall regulate the relationship between the
franc and foreign currencies.

4033 Exchange control established July 13, 1931.

8. 2397 Obligation to sell gold at legal monetary par suspended Sept. 21, 1931.

0220 Conversion of notes into gold suspended Apr 26, 1932.

1.6931 Conversion of notes into gold suspended Mar. 6, 1933.

.2000 National bank notes redeemable on demand in U. S. dollars.

.8466 Gold exports prohibited Mar. 27, 1931; lempira circulates as equivalent of half of U. S. dollar.

.2961 Exchange control established July 17, 1931.

.6180 Obligation to sell gold at legal monetary par suspended Sept. 21, 1931.

Piaster pegged to French franc at the rate of 1 piaster-10 French francs; conversion of notes into gold suspended Oct. 2, 1936.

8. 2397 Conversion of notes into gold suspended Sept. 21, 1931.

.0526 New gold content of 46.77 milligrams of fine gold per lira established by monetary aw of Oct. 5, 1936. .8440 Embargo on gold exports Dec. 13, 1931.

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8. 2397

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VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS ; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)—

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Continued

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Currency pegged to sterling Sept. 28, 1936, at 2,522 lati= £100; on Sept. 13, 1939, a law was passed providing that if the pound sterling should depreciate by more than 5 percent with respect to the United States dollar, or the Swedish krona, the Bank of Latvia shall take steps to keep the rate of exchange of the lat stable by basing it on gold or some other monetary unit.

Decree of Aug. 28, 1936, left the monetary unit, the peso, to be later defined by law.
Suspension of convertibility of notes into gold and restrictions placed on free gold exports-Sept. 26, 1936; gold
export prohibition repealed by decree June 28, 1938; prohibition restored by Act of Nov. 25, 1938. The Anglo-
Netherlands financial agreement of June 14, 1940, established the official rate of exchange between the Nether-
lands Indies guilder and the pound sterling at 7.60 guilders for £1 sterling. By act of September 20, 1940, the
Netherlands Indies Volksraad decided, subject to later ratification by law, that the Java Bank shall fix the
value of its stocks of gold coin and bullion at Fl. 2.121 per kilogram fine.

1.6931 Newfoundland and Canadian notes legal tender.

Mexico......

Peso..

Netherlands and col-Guilder (florin).

onies.

Newfoundland.

Dollar.

New Zealand.

Pound.

Turkey...

lics.

Uruguay.

Venezuela.

.0744 100 piasters equal to the Turkish £; conversion of notes into gold suspended 1916; exchange control established

8.2397 Conversion of notes into gold suspended Dec. 28, 1932.

8.7123 One chervonetz equals 10 rubles. Notes not convertible into gold.

.6583 Conversion of notes into gold suspended Aug. 2, 1914; exchange control established Sept. 7, 1931. New gold

content of 585018 grams of pure gold per peso established by monetary law of Jan. 12. 1938.'

3267 Exchange control established Dec. 12, 1936.

0298 Exchange control established Oct. 7, 1931.

[As amended by Dept. Circ. 1, July 1, 1943, 8 F.R. 9182]

Order of Federal Council enacted Sept. 27, 1936, instructed the Swiss National Bank to maintain the gold parity of the franc at a value ranging between 190 and 215 milligrams of fine gold.

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