WAR FINANCE CORPORATION
(Contd)
Advances for agricultural purposes
(Cont'd)
Banks, purchase by corporation of notes.
etc., held by banks, 29
Commercial paper, purchase from banks
by corporation, 29
Discount of negotiable paper by corpo-
ration, 29
Evidences of debt, purchase from banks
by corporation, 29
Extension of time for payment of ad-
vances, 28
Form of obligation for advances, 28
Information furnished to corporation by
comptroller of currency, 30
Interest on advances, 28
Interest on loans by banks of moneys
advanced to them, 30
Loans of money advanced to banks, rate
of interest, 30
Note with security required for advances,
28
Persons entitled to advances, 28
Rate of interest on advances, 28
Security for advances, power to require
additional security, 28
Time of making advances, 28
Advances to promote commerce with foreign
nations, 30
Bonds, see Notes and bonds, infra
Directors, appointment by joint resolution, 27
Exercise of powers limited, 27
Federal reserve banks authorized
act as
depositaries for and as fiscal agents of
corporation, 31
Financing exportation of agricultural and
other products authorized, 26
Income tax not imposed on interest on
bonds issued by corporation, 134
Joint resolution directing action for relief
of depression in agricultural sections, 26
Liquidation, 31
Notes and bonds
Authority to issue, 30
Use as security by federal reserve banks,
30-31
Obligations, see Notes and bonds, supra
Period of revival, 27
Powers, advances for agricultural purposes,
28-30
Revival of activities, 26
Unemployed moneys of corporation, dis-
position, 31
Winding up affairs, 31
WAR PROFITS AND EXCESS PROF-
ITS TAX
*Acmissible assets defined, 172
Amount of tax
Cases specially considered for purposes of
taxation, 173-174
Determination by commissioner, 163
Determination of facts in specially con-
sidered cases, 174
Domestic corporations taxable only on in-
| WAR PROFITS AND EXCESS PROF-
ITS TAX –(Cont'd)
Amount of tax - Cont'd)
Exceptional hardship. 173
Fiscal year, determination of amount, 175
Foreign corporations, 173
Graduation of amount, 170
Indistinguishable aggregate of tangibile
and intangible property paid for stork
or for stock and bonds, 172
Invested capital, inability of commis-
sioner to determine, 173
Limitation on amount, 170
Net income derived from different sources,
170-171
Period covered by return as affecting
amount, 175
Sales of mines, oil or gas wells, 175
Assessment by commissioner, 163
Borrowed capital " defined, 172
Cases specially considered for purposes
of taxation, 173-174
Change of ownership of trade or business,
174
Computation of tax, 169-170, 170-171
Consolidated corporations, 174
Corporations exempt from tax, 171
Corporations subject to tax, 169
Dedi
ons, 497 note
Definitions
"Admissible assets," 172
“ Borrowed capital,” 172
Dividends," 169
Fiscal year,” 169
“ Inadmissible assets," 172
Intangible property,” 172
“ Invested capital,” 172
“ Paid or accrued," 169
Personal service corporation," 169
Taxable year,” 169
Determination of amount of tax, 163
Dividends defined, 169
Excess profits credit, 171
Exemptions
Amount of specific exemption, 171
Corporations exempt. 171
Corporations not entitled to specific ex-
emption, 171
Gold mining, net income derived from,
171
Period of computation of tax as affecting
specific exemption, 171
“ Fiscal year " defined, 169
Gas wells, profits from sales of, 175
Gold mining, income derived from, not
taxable, 171
Imposition of tax. 169
Inadmissible assets " defined, 172
• Intangible property
Definition, 172
Secret processes, 498 note
Invested capital
Application of term to ore lands, 197
note
Definition, 172, 496 note
Limitations on amount of tax, 170
Mines
Gold mining, income derived from, not
taxable, 171
WAR PROFITS AND EXCESS PROF-
ITS TAX -(Cont'd)
Mines — (Cont'd)
Proceeds from sales of mines, 175
Net income
Ascertainment of net income, 171
Basis of computing tax, 169-170
Derivation from different sources as af-
fecting tax, 170-171
Gold mining, income derived from, not
taxable, 171
Minimum amount of income taxable, 171
Oil wells, profits from sales of, 175
“ Paid or accrued " defined, 169
Patents not invested capital, 498 note
“ Personal service corporation ” defined, 169
Publication of statistics, 108
Rate of tax, 169-170
Recovery by corporation of dividends
paid before enactment, 496 note
Refunding overpayments, 175
Reorganized corporations, 174
Returns
Corporations required to make returns, 175
Fiscal year, return made for, 175
Period covered by return of corporation
as affecting amount of tax, 175
Time and place for filing returns, 175
Secret process as intangible property, 498
note
Specially considered cases, 173-174
Statistics, publication, 168
Statutory definitions, 169
“ Tangible property" defined, 172
" Taxable year " defined, 169
Time of taking effect of act, 175
Trade or business having no invested capi-
tal, deductions, 498 note
Trades and businesses affected, 496 note
Transferred assets, 174
Valuation of transferred assets, 174
WAR RISK INSURANCE
See VETERANS' BUREAU
Actions on insurance certificates, 809 note
Additional compensation of employees of
bureau, 275
Alien enemy, discharge from service as ter-
minating insurance, 327
Allotments to Public Health Service, 318
Assignment to United States of right of
action for injuries or death, 329
Beneficiaries
See Compensation, infra
Beneficiaries, change of, 809 note
Change of status of designated bene-
ficiary, 330
Failure of beneficiaries of permitted class
to survive insured, 331
Persons admitted into military or naval
service after passage of amendatory
act, 329-330
Persons entitled to benefits of act, 327,
329-330
Persons provisionally accepted in mili-
tary or naval service, 327
Benefits, see Compensation, infra
Office of director abolished, 321
WAR RISK INSURANCE –(Cont'd)
Benefits - (Contd)
Personnel, equipment, etc., transferred to
veterans' bureau, 322
Powers transferred to veterans' bureau,
321
Cancelled insurance, reinstatement, 331
Compensation for death or disability
Army nurse corps (female), members en-
titled to compensation, when, 328
Award of compensation, review, 329
Diseases developing after separation
from service, 328
Injuries compensated, 326
Installments accruing before death, 810
note
Installments not accruing until after
death, 810 note
Navy nurse corps (female), members en-
titled to compensation, when, 328
Payment, provision for, 330-331
Persons entitled to compensation, 328
Persons entitled to benefit of act, 329–
330
Review of awards, 329
Time of admission to military or naval
forces, 329-330
Time of death or disability as affecting
compensation, 329
Conscientious objectors, discharge from
service as terminating insurance, 327
Conversion of form of insurance, 330
Criminal acts operating to terminate in.
surance, 327
Death by wrongful act, assignment of right
of action to United States, 329
Death, compensation for, 328
Desertion from service as terminating in-
surance, 327
Disability, compensation for, 328
Disbursing clerk, credits on accounting,
320
Discharge from service for certain causes
as terminating insurance, 327
Family allowances, investigation of appli-
cants, 327
Forms of insurance, 330
· Incontestability of policies, 333
Injuries to person, assignment to United
States of right of action, 329
Interest on payments, 332
Investigation of applicants for family al-
lowances, 327
Lapsel insurance
Postmaster General authorized to receive
premiums and applications for rein-
statement, 332
Reinstatement, 331
Legal remedies for personal injuries as
affected by insurance act, 809 note
Patients of bureau, additional hospital fa-
cilities for, 104
Payment of premiums, 332
Persons entitled to insurance, 327, 329-
330
Premiums, payment, 332
Proceedings in actions against govern-
ment on war risk insurance certificates,
524 note
WAR RISK INSURANCE - (Cont'd)
Provisional acceptance in military or nava)
service as giving right to benefits, 327
Reinstatement or lapsed or cancelled yearly
renewable term insurance, 331
Right of action for injuries or death, as-
signment to United States, 329
Termination of insurance by dismissal
from service for certain causes, 327
Veterans' bureau, examination into merits
of insurance claims, 324
Waiver of payment of premiums, 332
WEST INDIAN ISLANDS
See VIRGIN ISLANDS
WEST VIRGINIA
Additional district judge for southern dis-
trict, 235
Retirement of senior district judge for
southern district, 235
WHEAT
Tax on sales for future delivery, see
FUTURE TRADING ACT
WHITE SLAVE TRAFFIC
Accomplice evidence, 815 note
Elements of offense, 814 note
Evidence, 815 note
Indictment, 814 note
Interstate commerce, 814 note
Joinder of offenses, 815 note
Method of transportation, 814 note
Purpose of transportation, 814 note
WILLS
Construction, jurisdiction of district
court, 571 note
Income tax not imposed on legacies and
devises, 134
WAR TRADE BOARD SECTION OF
STATE DEPARTMENT
Abolition, 45
Licenses issued by board not affected by
abolition, 45
Unexpended funds and appropriations, dis-
posal, 45
WASHINGTON
Fort Walla Walla, land and buildings an-
propriated to additional hospital facili-
ties, 104-105
WATERS
See HAWAII; RIVERS, HARBORS AND CANALS
Apportionment of waters of Colorado
River between certain states, 280
Appropriation of waters, 810 note
Boundary waters between states, agree.
ments as to jurisdiction, 286
Colorado River, apportionment between
certain states, 280
Interstate canal, appropriation by govern-
ment of water for irrigation purposes.
811 note
Licenses to use waters on public lands,
77-78
Mineral waters, tax on, 185
National parks, permits to use water in,
333-334
Pipe lines on public lands, protection of
owner, 811 note
Reclamation projects
Automobiles and motorcycles, use to
reduce traveling expenses, 334
Expenditures limited, 334
Sources and expenditures of reclamation
fund, 334
Traveling expenses, 334
Riparian rights, patent as relating back.
811 note
States, apportionment of waters of Colo-
rado river between certain states, 280
Tide lands, condemnation for aviation sta-
tions, 344 note
WISCONSIN
Boundary waters, agreements with other
states as to jurisdiction, 286
WITNESSES
Attempt to influence or intimidate witness,
700-701 note
Attendance, testimony and immunity in
proceedings under future trading act, 9
('ompetency in criminal cases. 816 note
Fees of witnesses not testifying, taxation
as costs, 816 note
Mileage, 816 note
WOMAN SUFFRAGE
State constitutions as affected by amend-
ment, 878 note
State election laws as affected by amend-
ment, 878 note
Validity of constitutional amendment, 878
note
WORKMEN'S COMPENSATION ACTS
Alien enemies, right to award, 801 note
Income tax not imposed on compensation
awarded, 134
Longshoreman not entitled to compensa-
tion under state act, 643 note
Persons in federal service as governed by
federal act, 809 note
WYOMING
Compact with certain other states for an-
portionment of waters of Colorado
River, 280
Fort Mackenzie, land and buildings appro-
priated to additional hospital facilities,
104-105
WEARING APPAREL
Conservation, see FOOD AND FUEL
WEIGHTS AND MEASURES
Bureau of Standards. transfer of funds for
scientific investigations, 335
YACHTS
Special tax on use of yachts and other
pleasure boats. 199
Tax on sale or lease, 193
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