Estimate by the Director of the Mint of the Values of Foreign Coins-Continued.

Member Latin Union; gold is actual standard: exchange value $0.155.

Member Latin Union; gold is actual standard.
Exchange value $0.1253.

Currency Inconvertible paper; exchange rate about $0.70.

"The exchange rates shown under this heading are recent New York quotations, and are given merely as an indication of the values of currencies which are fluctuating in their relation to legal standards.

EXHIBIT V.

(T. D. 34542.)

Amendment of consular regulations.

TREASURY DEPARTMENT, June 13, 1914.

To collectors and other officers of the customs:

The appended Executive order, dated May 28, 1914, amending the Consular Regulations of 1896, is published for the information and guidance of officers of the customs.

(97338.)

WM. P. MALBURN, Assistant Secretary.

EXECUTIVE ORDER.

Paragraphs 663 to 671, 686, 687 and 692 of the Consular Regulations of 1896 are hereby amended to read as follows:

PARAGRAPH 603.

Consolidating Invoices.-Merchandise purchased or agreed to be purchased for export to the United States must not be included in the same invoice with merchandise obtained otherwise than by purchase or agreement of purchase.

An invoice shall include only one shipment of merchandise from the same consignor to the same consignee. Merchandise shipped to different consignees must not be included in the same invoice, but merchandise purchased or agreed to be purchased in the United States and shipped to a branch house or agent of the shipper for distribution or delivery to two or more ultimate consignees may be included in a single invoice.

Merchandise purchased or manufactured in different consular districts in the same country and assembled for shipment to one consignee in the same vessel may be included in one consular invoice at the point of shipment.

In such cases the certified invoice should have attached hereto the Criginal bills or invoices, if there be any, or extracts therefrom, showing the price paid or to be paid for each purchase or consignment. (Paragraph W, Se tion 3, Act of October 3, 1913.)

PARAGRAPH 664.

Forms of Invoice to Be Used.-The shipper's eclaration upon invoices of merchandise shipped in pursuance of a purchase or an agreement of purchase differs materially from the shipper's declaration on merchandise shipped otherwise than by purchase or agreement for its purchase. Two forms of declaration have therefore been prescribed for the use of the shipper.

1. The declaration to be endorsed upon invoices of merchandise which has been shipped in pursuance of a purchase or an agreement to purchase. (Form No. 138.)

2. The declaration to be made on the shipment of merchandise otherwise than by purchase or agreement for its purchase. (Form No. 139.))

Merchandise must be invoiced upon the purchase form of invoice (Form No. 138) when the price or amount to be paid or remitted therefor is fixed and determined at the time of or prior to the shipment of the merchandise, whether or not the merchandise is shipped directly to the purchaser or is shipped to an agent of the seller or to the seller's branch house in the United States for delivery. Such invoice must show the price paid or agreed to be paid for the merchan

dise, whether constituting the price for the merchandise delivered in the United States or otherwise. The shipper may, however, indicate upon his invoice, by marginal notations, in parallel columns, or otherwise, what he considers to be the market value of such merchandise in the principal markets of the country from which it is exported at the time of exportation.

Consuls should satisfy themselves that the proper form of invoice is used, and may, if necessary, require documentary evidence of the nature of the transaction.

PARAGRAPH 665.

In What Currency Stated.-If the merchandise has been purchased or agreed to be purchased for export to the United States, the invoice must be made out in the currency paid or agreed to be paid therefor. If the merchandise is consigned for sale in the United States and is not shipped pursuant to a contract of purchase, the invoice must state the market value in the standard coin currency of the country from which the merchandise is exported, although a depreciated currency may be in circulation there. (See Article 692.)

PARAGRAPH 666.

Description of Goods.-The invoice must contain a correct description of the merchandise, using in each item the name, if any, by which the particular variety is known to the trade in the country of production or exportation. The description should show its kind, quality, component parts, and such other characteristics as will enable a person not an expert to identify the merchandise as it is sold in the foreign market and will assist consular and appraising officers in detecting any departure from the actual market value thereof. (Treasury Decisions Nos. 9705, 10608, 13005, 14530, 14686.)

The contents and value of the case or package must be separately specified on the invoice. Attached to or included in the invoice must be a statement for statistical purposes specifying the merchandise in the terms of the detailed list or enumeration prescribed by the Secretary of the Treasury and the Secretary of Commerce, as required by Paragraph F of Section III, Act of October 3, 1913. This specification must show the total quantity and value of each kind of article inIcluded in the invoice.

Vague and misleading specifications should be avoided, a d if insisted upon should be the occasion for a special inquiry and report by the counsel. Such specifications may result in expensive complications to the importer and delay the passing of the goods through the customs. Invoices must express the quantities of the merchandise in weights and measures of the country of exportation, and may be made out in English or in the language of that country. (Treasury Decisions Nos. 13222, 16447, 22902.)

PARAGRAPH 667.

Invoices to Be Signed.-If the merchandise is shipped in pursuance of a purchase or agreement to purchase, the invoice must be signed by the seller or purchaser, or by his duly authorized agent. If it is shipped on consignment for sale or otherwise than in pursuance of a purchase or agreement for its purchase, the invoice must be signed by the manufacturer or owner, or by his duly authorized agent.

The signature may be affixed to the invoive at the shipper's place of business, at the consular office, or elsewhere. (Paragraph C, Section III, Act of October 3, 1913; T. D. 16380.)

PARAGRAPH 668.

Shipper's Declaration.-At or before the shipment of the merchandise the invoice must be produced (in person or through the mails or by messenger) to the consular officer of the United States for the consular district in which the merchandise was manufactured, purchased or agreed to be purchased, or assembled for shipment, as the case may

be, for export to the United States; and shall have indorsed thercon when so produced, if shipped in pursuance of a purchase or agreement for purchase, a declaration signed by the purchaser, seller, or the duly authorized agent of either of them, in the following form:

FORM 138.

Declaration to be indorsed on the invoice and signed by the purchaser or seller, or by the duly authorized agent of either, where merchandise has been actually purchased or agreed to be purchased. ......of....

I, ......

do solemnly and truly declare that I am the.

(purchaser or

.......of the merchandise in the within seller or agent of purchaser or seller) invoice mentioned and described; that the said invoice is in all respects correct and true and was made at the place named therein whence the said merchandise is to be exported to the United States of America; that said invoice contains a true and full statement of the time when, the place where, and the person from whom the same was purchased or agreed to be purchased, and the actual cost thereof, price actually paid or to be paid therefor, and all charges thereon: that no discounts or commissions are contined in said invoice but such as have been actually allowed thereon; that all drawbacks or bounties received or to be received are shown therein; that no different invoice of the merchandise has been or will be furnished to anyone, and that the currency in which the invoice is made out is that which was actually paid or to be paid for the said merchandise.

I further declare...

I further declare that it is intended to make entry of said merchandise at the port of...

in the United State of America.

Dated at ..

.the.... ......day of............19...

If the merchandise is shipped on consignment otherwise than in pursuance of a purchase or agreement for purchase, the declaration shall be signed by the manufacturer or owner or the duly authorized agent of either of them in the following form:

FORM 139.

Declaratio to be indorsed on the invoice and signed by the manufacturer or owner the duly authorized agent of such manufacturer or owner, where merchandise is consigned for sale in the United States, or shipped otherwise than in pursuance of a purchase or agreement for its pu. hase.

...., do ...of the

solemnly and truly declare that I am the (1).. merchandise in the within invoice mentioned and described; that the said invoice is in all respects correct and true, and was made at (2)..... ..whence said merchandise is to be exported to the United States; that said invoice contains the actual market value or wholesale price of the said merchandise at the date hereof in the principal market of (3)... ...; that said actual market value is the price at which the merchandise described in the invoice is freely offered for sale to all purchasers in said markets, and that it is the price which I would have received, and was willing to receive, for such merchandise sold in the ordinary course of trade in the usual wholesale quantities, and that it includes all charges thereon and the actual quantity thereof, and that no different invoice of the merchandise mentioned in the said invoice has been or will be furnished to anyone.