employments, including agriculture, found to be necessary to the maintenance of the military establishment or the effective operation of the military forces or the maintenance of national interest during the emergency." Sec. 3. That section 5 of said act be, and is hereby, amended to read as follows: "That all male persons between the ages of 18 to 45. both inclusive, shall be subject to registration in accordance with regulations to be prescribed by the president, and, upon proclamation by the president or other public notice given by him or by his direction stating the time or times and place or places of any such registration, it shall be the duty of all persons of the designated ages, except officers and enlisted men of the regular army: officers and enlisted men of the national guard while in the service of the United Sates; officers of the officers' reserve corps and enlisted men in the enlisted reserve corps while in the service of the United States; officers and enlisted men of the navy and marine corps; officers and enlisted and enrolled men of the naval reserve force and marine corps reserve while in the service of the United States: officers commissioned in the army of the United States under the provisions of this act: persons who, prior to any day set for registration by the president hereunder, have registered under the terms of this act or under the terms of the resolution entitled 'Joint resolution providing for the registration for military service of all male persons citizens of the United States and all male persons residing in the United States who have. since the 5th day of June, 1917, and on or before the day set for the registration by proclamation by the president, attained the age of 21 years, in accordance with such rules and regulations as the president may prescribe under the terms of the act approved May 18. 1917, entitled "An act to authorize the president to increase temporarily the military establishment of the United States," approved May 20, 1918, whether called for service or not, and diplomatic representatives, technical attaches of foreign embassies and legations, consuls-general, consuls, vice-consuls and consular agents of foreign countries, residing in the United States, who are not citizens of the United States, to present themselves for and submit to registration under the provisions of this act, and every such person shall be deemed to have notice of the requirements of this act upon the publication of any such proclamation or any such other public notice as aforesaid given by the president or by his direction, and any person who shall willfully fail or refuse to present himself for registration or to submit thereto as herein provided shall be guilty of a misdeameanor and shall, upon conviction in a District court of the United States having jurisdiction thereof, be punished by imprisonment for not more than one year and shall thereupon be duly registered: Provided, That in the call of the docket precedence shall be given, in courts trying the same, to the trial of criminal proceedings under this act: Provided further. That persons shall be subject to registration as herein provided who shall have attained their 18th birthday and who shall not have attained their 46th birthday on or before the day set for the registration in any such proclamation by the president or any such other public notice given by him or by his direction, and all persons so registered shall be and remain subject to draft into the forces hereby authorized unless exempted or excused therefrom as in this act provided: Provided further, That the president may at such intervals as he may desire from time to time require all male persons who have attained the age of 18 years since the last preceding date of registration and on or before the next date set for registration by proclamation by the president, except such persons as are exempt from registration hereunder, to register in the same manner and subject to the same requirements and liabilities as those previously registered under the terms hereof: And 1 provided further, That in the case of temporary absence from actual place of legal residence of any person liable to registration as provided herein, such registration may be made by mail under regulations to be prescribed by the president: And provided further, That men registered under the provisions of this act who have served in the navy of the United States shall, upon their own application, be permitted to re-enlist in the naval or marine service of the United States with and by the approval of the secretary of the navy.' Sec. 4. That all men rendered available for induction into the military service of the United States through registration or draft heretofore or hereafter made pursuant to law. shall be liable to service in the army or the navy or the marine corps, and shall be allotted to the army, the navy or the marine corps under regulations to be prescribed by the president: Provided, That all persons drafted and allotted to the navy or the marine corps in pursuance hereof shall, from the date of allotment, be subject to the laws and regulations governing the navy and the marine corps, respectively. Sec. 5. That the wife of a soldier or sailor serving in the present war shall not be disqualified for any position or appointment under the government because she is a married woman. Sec. 6. That soldiers, during the present emergency, regardless of age and existing law and regulations, shall be eligible to receive commissions in the army of the United States. They shall likewise be eligible to admission to officers' schools under such rules and regulations as may be adopted for entrance to such schools, but shall not be barred therefrom or discriminated against on account of age. Sec. 7. That the secretary of war is authorized to assign to educational institutions, for special and technical training, soldiers who enter the military service under the provisions of this act in such numbers and under such regulations as he may prescribe, and is authorized to contract with such educational institutions for the subsistence, quarters and military and academic instruction of such soldiers. Sec. 8. That any person, under the age of 21, who has served or shall hereafter serve in the army of the United States during the pres ent emergency, shall be entitled to the same rights under the homestead and other land and mineral entry laws, general or special, as those over 21 years of age now possess under said laws: Provided. That any requirements as to establishment of residence within a limited time shall be suspended as to entry by such person until six months after his discharge from military service: Provided further. That applications for entry may be verified before any officer in the United Sates, or any foreign country, authorized to administer oaths by the laws of the state or territory in which the land may be situated. Sec. 9. That hereafter, uniforms, accouterments and equipment shall, upon the request of any officer of the army or cadet at the military academy, be furnished by the government at cost, subject to such restrictions and regulations as the secretary of war may prescribe. (Approved Aug. 31, 1918.) WAR-RISK INSURANCE LAW AMENDED. Be it enacted, etc., that the second subdivision (4) of section 22 of the act entitled "An act to authorize the establishment of a bureau of war-risk insurance in the treasury department," approved Sept. 2, 1914, as amended, relating to the definition of the term "parent.' is hereby amended to read as follows: "(4) The term 'parent' includes a father, mother, grandfather, grandmother, father through adoption, mother through adoption, stepfather and stepmother, either of the person in the service or of the spouse." Sec. 2. That four new sections are hereby added to article I. of said act, to be known as sections 27, 28, 29 and 30, respectively, and to read as follows: "Sec. 27. That whoever shall obtain or receive any money, check, allotment, family allowance, compensation or insurance under articles II. III. or IV. of this act, without being entitled thereto, with intent to defraud the United States, or any person in the military or naval forces of the United States, shall be punished by a fine of not more than $2,000, or by imprisonment for not more than one year, or both. "Sec. 28. That the allotments and family allowances, compensation and insurance payable under articles II.. III, and IV., respectively, shall not be assignable; shall not be subject to the claims of creditors of any person to whom an award is made under articles II., III, or IV., and shall be exempt from all taxation: Provided, That such allotments and family allow ances, compensation and insurance shall be subject to any claims which the United States may have, under articles II., III. and IV., against the person on whose account the allotments and family allowances, compensation or insurance are payable, graph of section 204 of said act are hereby amended to read as follows: "Class A. in the case of a man to his wife (including a former wife divorced) and to his child or children (a) If there is a wife but no child. $15: "(b) If there is a wife and one child, $25; "(c) If there is a wife and two children, $32.50, with $5 per month additional for each additional child; "(d) If there is no wife, but one child, $5; "(e) If there is no wife, but two children, $12.50; (1) If there is no wife, but three children, $20; (g) If there is no wife, but four children, $30, with $5 per month additional for each additional child; *(h) If there is a former wife divorced who has not remarried and to whom alimony has Leen decreed, $15. to Class B. In the case of a man or woman a grandchild, a parent, brother or sister(a) If there is one parent. $10: "(b) If there are two parents, $20; "(c) If there is a grandchild, brother, sister or additional parent, $5 for each. "Sec. 29. That the discharge or dismissal of any person from the military or naval forces "In the case of a woman, the family allow. on the ground that he is an enemy alien, con- ances for a husband and children shall be in scientious objector or a deserter, or as guilty the same amounts, respectively, as are payable, of mutiny, treason. spying or any offense in- in the case of a man, to a wife and children. volving moral turpitude or willful and persist-provided she makes a voluntary allotment of ent misconduct, shall terminate any insurance granted on the life of such person under the provisions of article IV.. and shall bar all rights to any compensation under article III. or any insurance under article IV. "Sec. 30. That this act may be cited as the war-risk insurance act." Sec. 3. That section 200 of said act is hereby amended to read as follows: "Sec. 200. That the provisions of this article shall apply to all enlisted men in the military or naval forces of the United States, except the Philippine scouts, the insular force of the navy and the Samoan native guard and band of the navy." Sec. 4. That the second and third paragraphs of section 201 of said act are hereby amended to read as follows: The monthly compulsory allotment shall be $15. For a wife living separate and apart from her husband under court order or written agreement, or for a former wife divorced, the monthly compulsory allotment shall not exceed the amount specified in the court order. decree or written agreement to be paid to her, and for an illegitimate child, to whose support the father has been judicially ordered or decreed to contribute, it shall not exceed the amount fixed in the order or decree. "If there is a compulsory allotment for a wife or child, then a former wife divorced who has not remarried and to whom alimony has been decreed, shall not be entitled to a compulsory allotment, but shall be entitled to a family allowance as hereinafter provided." Sec. 5. That section 203 of said act is hereby amended to read as follows: "Sec. 203. That in case one-half of an enlisted man's monthly pay is not allotted, regulations to be made by the secretary of war and the secretary of the navy, respectively, may require, under such circumstances and conditions as may be prescribed in such regulations, that any proportion of such one-half pay as is not allotted shall be deposited to his credit, to be held during such period of his service as may be prescribed. Such deposit shall bear interest at the same rate as United States bonds bear for the same period, and, when payable, shall be paid, principal and interest, to the enlisted man, if living, otherwise to any beneficiary or beneficiaries he may have designated. or if there be no such beneficiary, then to the person or persons who, under the laws of the state of his residence, would be entitled to his personal property in case of intestacy.' Sec. 6. That the third and fourth para $15 as a basis therefor, and provided further that dependency exists as required in section 206." Sec. 7. That section 206 of said act is hereby amended to read as follows: "Sec. 206. That family allowances to members of class B shall be paid only if and while the members are dependents in whole or in part on the enlisted man, and then only if and while the enlisted man makes a monthly allotment of his pay for such members in the fol lowing amounts: (a) If an enlisted man is not making a compulsory allotment for class A the allotment for class B required as a condition to the family allowance shall be $15. (b) If an enlisted man is making a compulsory allotment for class A the additional allotment for class B required as a condition to the family allowance shall be $5, or if a woman is making an allotment of $15 for a dependent husband or child the additional allotment for the other members of class B required as a condition to the family allowance shall be $5." Sec. 8. That section 210 of said act is hereby amended to read as follows: Sce. 210. That upon receipt of any application for family allowance, the commissioner shall make all proper investigations and shall make an award, on the basis of which award the amount of the allotments to be made by the man shall be certified to the war depart. ment or navy department, as may be proper. Whenever the commissioner shall have reason to believe that an allowance has been improperly made or that the conditions have changed. he shall investigate or reinvestigate and may modify the award. The amount of each monthly allotment and allowance shall be determined according to the family conditions existing on the first day of the month." Sec. 9. That sections 4, 6, 7 and 8 of this act shall take effect on the 1st day of July. 1918. Sec. 10. That section 300 of said act is hereby amended to read as follows: "Sec. 300. That for death or disability re sulting from personal injury suffered or disease contracted in the line of duty, by any commissioned officer or enlisted man or by any member of the army nurse corps (female) or of the navy nurse corps (female) when employed in the active service under the war department or navy department, the United States shall pay compensation as hereinafter provided: but no compensation shall be paid if the injury or disease has been caused by his own willful misconduct: Provided. That for the purposes of this section said officer, enlisted man or other member shall be held and taken to have been in sound condition when examined, accepted and enrolled for service: Provided further, That this section, as amended, shall be deemed to become effective as of Oct. 6. 1917." Sec. 11. That section 301 of said act is hereby amended to read as follows: "Sec. 301. That if death results from in jury "If the deceased leaves a widow or child, or if he leaves a mother or father either or both dependent upon him for support, the monthly compensation shall be the following amounts: (a) If there is a widow but no child, $25; "(b) If there is a widow and one child, $35; "(c) If there is a widow and two children, $42.50, with $5 for each additional child up to two; (d) If there is no widow, but one child, $20; "(e) If there is no widow, but two children, $30; "(1) If there is no widow, but three children, $40, with $5 for each additional child up to two; (g) If there is a dependent mother (or dependent father), $20, or both. $30. The amount payable under this subdivision shall not exceed the difference between the total amount payable to the widow and children and the sum of $75. This compensation shall be payable for the death of but one child, and no compensation for the death of a child shall be payable if the dependent mother is in receipt of compensation under the provisions of this article for the death of her husband. Such compensation shall be payable whether the dependency of the father or mother or both arises before or after the death of the person, but no compensation shall be payable if the dependency arises more than five years after the death of the person. "If the death occurs before discharge resignation from service, the United States shall pay for burial expenses and the return of the body to his home a sum not to exceed $100, as may be fixed by regulations. "(c) If he has a wife and one child living, $55; (d) If he has a wife and two children liv. ing, $65; (e) If he has a wife and three or more children living, $75; (f) If he has no wife but one child liv. ing, $40, with $10 for each additional child up to two; "(g) If he has a mother or father, either or both dependent on him for support, then in addition to the above amounts, $10 for each; h) If he is totally disabled and in addition so helpless as to be in constant need of a nurse or attendant, such additional sum shall be paid, but not exceeding $20 per month, as the director may deem reasonable: Provided, however, That for the loss of both feet or both hands or both eyes or for be Coming totally blind or becoming helpless and permanently bedridden from causes occurring in the line of duty in the service of the United States, the rate of compensation shall be $100 per month: Provided further. That where the rate of compensation is $100 per month, no allowance shall be made for a nurse or attendant." Sec. 13. That subdivision (4) of section 302 of said act is hereby amended to read as follows: (4) The amount of each monthly payment shall be determined according to the family conditions existing on the first day of the month." Sec. 14. That two new subdivisions are hereby added to section 302 of said act, to be known as subdivisions (5) and (6), respectively, and to read as follows: "(5) Where the disabled person and his wife are not living together, or where the children are not in the custody of the disabled person, the amount of the compensation shall be apportioned as may be prescribed by regulations. or "(6) The term 'wife' as used in this sec tion shall include 'husband' if the husband is dependent upon the wife for support." "The payment of compensation to a widow shall continue until her death or remarriage. "The payment of compensation to or for a child shall continue until such child reaches the age of 18 years or marries. or if such child be incapable, because of insanity. idiocy or being otherwise permanently help. less. then during such incapacity. "Whenever the compensation payable to or for the benefit of any person under the provisions of this section is terminated by the happening of the contingency upon which it is limited, the compensation thereafter for the remaining beneficiary or beneficiaries, if any, shall be the amount which would have been payable to them if they had been the sole original beneficiaries. "As between the widow and the children not in her custody, and as between children, the amount of the compensation shall be apportioned as may be prescribed by regulation. "The term 'widow' as used in this section shall not include one who shall have married the deceased later than ten years after the time of injury, and shall include a widower, whenever his condition is such that, if the deceased person were living, he would have been dependent upon her for support." Sec. 12. That subdivision (1) of section 302 of said act is hereby amended to read as follows: "(1) If and while the disability is total. the monthly compensation shall be the following amounts: "(a) If the disabled person has neither wife nor child living, $30; (b) If he has a wife but no child living, $45: Sec. 15. That where section 301 of said act is amended by striking out the provisions that a mother is entitled to compensation only when she is widowed and substitute provisions are included to the effect that compensation is payable to a dependent mother or dependent father, such substitute provisions shall be deemed to be in effect as of Oct. 6, 1917. Sec. 16. That section 311 of said act is hereby repealed. Sec. 17. That section 312 of said act is hereby amended to read as follows: The article shall not be paid while the person is or "Compensation because of disability death of members of the army nurse corps (female) or of the navy nurse corps (female) shall be in lieu of any compensation for such disability or death under the act entitled 'An act to provide compensation for employes of the United States suffering injuries while in the performance of their duties, and for other purposes,' approved Sept. 7. 1916." Sec. 18. That section 313 of said act is hereby amended to read as follows: "Sec. 313. (1) That if an injury or death for which compensation is payable under this article is caused under circumstances creating a legal liability upon some person other than the United States or the enemy to pay damages therefor, the director, as a condition to payment of compensation by the United States, may require the beneficiary to assign to the United States any right of action he may have to enforce such liability of such other person, or, if it appears to be for the best interests of the beneficiary, the director may require him to prosecute the said action in his own name, subject to regulations. The director may require such assignment or prosecution at any time after the injury or death and the failure on the part of the beneficiary to so assign or to prosecute said cause of action in his own name within a reasonable time, to be fixed by the director, shall bar any right to compensation on account of the same injury or death. The cause of action so signed to the United States may be prosecuted or compromised by the director, and money realized or collected thereon, less the reasonable expenses of such realization or collection, shall be placed to the credit of the military and naval compensation appropriation. If the amount placed to the credit of such appropriation in such case is in excess of the amount of the award of compensation, if any, such excess shall be paid to the beneficiary after any compensation award for the same injury or death is made. as any "If a beneficiary or conditional beneficiary shall have recovered, as a result of a suit brought by him or on his behalf, or as a result of a settlement made by him ог on his behalf, any money or other property in satisfaction of the liability of such other person, such money or other property 80 recovered shall be credited upon any compensation payable or which may become payable to such beneficiary or conditional beneficiary by the United States on account of the same injury or death. "(2) If an injury or death for which compensation may be payable under this article is caused under circumstances creating a legal liability upon some person, other than the United States or the enemy, to pay damages therefor, then, in order to preserve the right of action, the director may require the conditional beneficiary at any time after the injury or death, to assign such right of action to the United States, or, if it appears to be for the best interests of such conditional beneficiary, to prosecute the said cause of action in his own name, subject to regulations. The failure on the part of the beneficiary to so assign or to prosecute the said cause of action in his own name within a reasonable time, to be fixed by the director, shall bar any right to compensation on account of the same injury or death. The cause of action so assigned may be prosecuted or compromised by the director, and any money realized or collected thereon, less the reasonable expenses of such realization or collection, shall be paid to such beneficiary, and be credited upon any future compensation which may become payable to such beneficiary by the United States on account of the same injury or death. "(3) The bureau shall make all necessary regulations for carrying out the purposes of this section. For the purposes of computation only under this section the total amount of compensation due any beneficiary shall be deemed to be equivalent to a lump sum equal to the present value of all future payments of compensation computed as of the date of the award of compensation at 4 per centum, true discount, compounded annually. The probability of the beneficiary's death before the expiration of the period during which he is entitled to compensation shall be determined according to the American Experience Table of Mortality. "A conditional beneficiary is any person who may become entitled to compensation under this article on or after the death of the injured person. "Nothing in this section shall be construed to impose any administrative duties upon the war or navy departments." Sec. 19. That section 401 of said act is hereby amended to read as follows: "Sec. 401. That such insurance must be applied for within 120 days after enlistment or after entrance into or employment in the active service and before discharge or resignation, except that those persons who are in the active war service at the time of the publication of the terms and conditions of such contract of insurance may apply at any time within 120 days thereafter and while in such service. Any person in the active service on or after the sixth day of April, 1917, who, while in such service and before the expiration of 120 days from and after such publication, becomes or has become totally and permanently disabled, or dies, or has died. without having applied for insurance, shall be deemed to have applied for and to have been granted insurance, payable to such person during his life in monthly installments of $25 each. If he shall die either before he shall have received any of such monthly installments or before he shall have received 240 of such monthly installments, then $25 per month shall be paid to his widow from the time of his death and during her widowhood, or if there is no widow surviving him, then to his child or children, or if there is no child surviving him, then to his mother, or if there is no mother surviving him, then to his father, if and while they survive him: Provided, however, That not more than 240 of such monthly installments, including those received by such person during his total and permanent disability, shall be so paid. The amount of the monthly installments shall be appor tioned between children as may be provided by regulations." Sec. 20. That section 19 of this act amending section 401 of the act entitled "An act to authorize the establishment of a bureau of war-risk insurance in the treasury department," approved Sept. 2, 1914, as amended, shall be deemed to be in effect as of Oct. 6, 1917: Provided, That nothing herein shall be construed to interfere with the payment of monthly installments, authorized to be made under the provisions of said section 401 as originally enacted, for the months up to and including June, 1918: Provided further, That all awards of automatic insurance under the provisions of said section 401 as originally enacted shall be revised as of the first day of July, 1918, in accordance with the provisions of said section 401 as amend ed by section 19 of this act. Sec. 21. That section 402 of said act is hereby amended to read as follows: "Sec. 402. That the director, subject to the general direction of the secretary of the treasury, shall promptly determine upon and publish the full and exact terms and conditions of such contract of insurance. The insurance shall be payable only to a spouse, child, grandchild, parent, brother, or sister, and also during total and permanent disabil ity to the injured person or to any or all of them. The insurance shall be payable in 240 equal monthly installments. Provisions for maturity at certain ages, for continuous installments during the life of the insured or beneficiaries, or both, for cash, loan, paid up and extended values, dividends from gains and savings, and such other provisions for the protection and advantage of and for alternative benefits to the insured and the beneficiaries as may be found to be reasonable and practicable, may be provided for in the contract of insurance, or from time to time by regulations. All calculations shall be based upon the American Experience Table of Mortality and interest at 3% per centum per annum, except that no deduction shall be made for continuous installments during the life of the insured in case his total and permanent disability continues more than 240 months. Subject to regulations, the insured shall at all times have the right to change the beneficiary or beneficiaries of such insurance without the consent of such beneficiary or beneficiaries, but only within the classes herein provided. If no beneficiary within the permitted class be designated by the insured, either in his lifetime or by his last will and testament, or if the designated beneficiary does not survive the insured, the insurance shall be payable to such person persons within the permitted class of beneficiaries as would under the laws of the state of the residence of the insured be entitled to his personal property in case of intestacy. If no such person survive the insured, then there shall be paid to the estate of the insured an amount equal to the reserve value, if any, of the insurance at the time of his death, calculated on the basis of the Amer-ican Experience Table of Mortality and 31⁄2 per centum interest in full of all obligations under the contract of insurance." (Approved June 25, 1918.) Marine and Seamen's Insurance. or Be it enacted, etc., That the war-risk insurance act is hereby amended by adding a new section to be known as section 2b, to read: or "Sec. 2b. That when it appears to the secretary of the treasury that vessels of foreign friendly flags, or their masters, officers crews, or shippers or importers in such vessels, are unable in any trade to secure adequate war-risk insurance on reasonable terms, the bureau of war-risk insurance, with the approval of the secretary, is hereby authorized to make provisions for the insurance by the United States of (1) such vessels of foreign friendly flags, their freight and passage moneys, and personal effects of the masters, officers and crews thereof against the risks of war when such vessels are chartered or operated by the United States shipping board or its agent, or chartered by any person a citizen of the United States, and (2) the cargoes to be shipped in such vessels of foreign friendly flags, whether or not they are so chartered. Such insurance on the vessel. however, is authorized only when the United States shipping board or its agent operates the vessel or the charterers are, by the terms of the charter party or contract with the vessel owners, required to assume the war risk or provide insurance protecting the vessel owners against war risk during the term of the charter or hire of the vessel, The bureau of war-risk insurance, with the approval of the secretary of the treasury, is also hereby authorized to insure the masters, officers and crews of vessels operated or char tered as aforesaid against the loss of life or personal injury by the risk of war and for compensation during the detention following capture by enemies of the United States, whenever it appears to the secretary that the owners, operators or charterers of such vessels are unable, in any trade. to secure such insurance on reasonable terms." Sec. 2. That section 5 of the war-risk insurance act is hereby amended to read as follows: "Sec. 5. That the secretary of the treasury is authorized to establish an advisory board, to consist of three members skilled in the prac tices of war-risk insurance, for the purpose of assisting the bureau of war-risk insurance in fixing rates of premium and in adjustment of claims for losses and generally in carrying out the purposes of this act: the compensation of the members of said board to be determined by the secretary of the treasury, but not to exceed $20 a day each while actually employed. He is likewise authorized to appoint two persons skilled in the practice of accident insurance for the purpose of assisting the bureau of war-risk insurance in the adjustment of claims for death, personal injury or detention; the compensation of persons so appointed to be determined by the secretary of the treasury, but not to exceed $20 a day each while actually employed. In the event of disagreement as to the claim for losses or amount thereof, between the said bureau and the parties to such contract of insurance, an action on the claim may be brought against the United States in the District court of the United States, sitting in admiralty, in the district in which the claimant or his agents may reside. The secretary of the treasury is, in his judgment, authorized to compromise the claim either before or after the institution of an action therein." Sec. 3. That section 9 of the war-risk insurance act is hereby amended to read as follows: "Sec. 9. That the president is authorized whenever in his judgment the necessity of further war insurance by the United States shall have ceased to exist to suspend the operation of this act, in so far as the division of marine and seamen's insurance is concerned, which suspension shall be made in any event within six months after the end of the war, but shall not affect any insurance outstanding at the time or any claims pending adjustment. For the purpose of the final adjustment of any such outstanding insurance or claims, the division of marine and seamen's insurance may, in the discretion of the president, be continued in existence for a period not exceeding three years after such suspension. shall be deemed to mean the date of proc "The words 'end of the war' as used herein lamation of exchange of ratification of the treaty of peace, unless the president shall, by proclamation, declare a prior date, in which case the date so proclaimed shall be deemed to be the 'end of the war' within the meaning of this act." Approved July 11, 1918. LIBERTY LOAN TAX EXEMPTION. Be it enacted, etc., that until the expiration of two years after the date of the termination of the war between the United States and the imperial German government, as fixed by proc lamation of the president (1) The interest on an amount of bonds of the fourth liberty loan the principal of which does not exceed $30,000, owned by any individual, partnership, association or corporation, shall be exempt from graduated additional income taxes, commonly known as surtaxes and excess profits and war-profits taxes, now or hereafter imposed by the United States, upon the income or profits of individuals, partnerships, associations or corporations; (2) The interest received after Jan. 1, 1918, on an amount of bonds of the first liberty loan converted, dated either Nov. 15, 1917, or May 9, 1918, the second liberty loan, converted and unconverted, and the third liberty loan. the principal of which does not exceed $45,000 in the aggregate, owned by any individual, partnership, association or corporation, shall be exempt from such taxes: Provided, however, That no owner of such bonds shall be entitled to such exemption in respect to the interest on an aggregate principal amount of such bonds exceeding one and one-half times the principal amount of bonds of the fourth liberty loan originally subscribed for by such owner and still owned by him at the date of his tax return: and (3) The interest on an amount of bonds, the principal of which does not execeed $30,000, owned by any individual, partnership, association or corporation, issued upon conver sion of 3% per centum bonds of the first liberty loan in the exercise of any privilege arising as a consequence of the issue of bonds of the fourth liberty loan, shall be exempt from such taxes. The exemptions provided in this section shall be in addition to the exemption provided in section 7 of the second liberty bond act in respect to the interest on an amount of bonds |