MALACAÑANG PALACE
Manila

BY THE PRESIDENT OF THE PHILIPPINES

Proclamation No. 619

PUBLISHING, AS A SUPPLEMENT TO PROCLAMATION NO. 592, DATED AUGUST 5, 1940, EXECUTIVE ORDERS OF THE PRESIDENT OF THE UNITED STATES, REGULATIONS, INSTRUCTIONS, GENERAL RULINGS, GENERAL LICENSES, AND GENERAL AUTHORIZATIONS BY THE SECRETARY OF THE TREASURY OF THE UNITED STATES, AND ORDERS OF THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINES AND INFORMATION RELATING TO PROPERTY IN WHICH NORWAY, DENMARK, BELGIUM, THE NETHERLANDS, LUXEMBOURG, FRANCE, OR NATIONALS THEREOF HAVE AN INTEREST.

As a supplement to Proclamation No. 592, dated August 5, 1940, the following are hereby published for the information and guidance of all concerned:

EXECUTIVE ORDERS OF THE PRESIDENT OF
THE UNITED STATES

(Continued)

1. "AMENDMENT OF EXECUTIVE ORDER NO. 8389 OF
APRIL 10, 1940, AS AMENDED.

"By virtue of the authority vested in me by section 6 (6) of the Act of October 6, 1917 (41) 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. 8389 of April 10, 1940, as amended, so as to extend all the provisions thereof to, and with respect to, property in which France or any national thereof has at any time on or since June 17, 1940, had any interest of any nature whatsoever, direct or indirect; except that, in defining ‘France’ and ‘national’ of France the date ‘June 17, 1940’ shall be substituted for the dates appearing in the definitions of countries and nations thereof.

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"June 17, 1940";

2. "AMENDMENT OF EXECUTIVE ORDER NO. 8389 OF
APRIL 10, 1940, AS AMENDED

"By virtue of the authority vested in me by section 5 (t) 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 I States of America, do hereby amend Executive Order No. 8389 of April 10, 1940, as amended, so as to extend all the provisions thereof to, and with respect to, property in which Latvia, Estonia or Lithuania or any national thereof has at any time on or since July 10, 1940, had any interest of any nature whatsoever, direct or indirect, except that, in defining ‘Latvia’, ‘Estonia’, ‘Lithuania’ and ‘national’ thereof the date July 10, 1940′ shall be substituted for the dates ap­pearing in the definitions of countries and nationals thereof.

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"July 15, 1940";

3. "EXECUTIVE ORDER OF JULY 25, 1840, AMENDMENT
OF EXECUTIVE ORDER NO. 8389 OF APRIL
10, 1040, AS AMENDED.

"By virtue of the authority vested in me by section 6 (6) 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. 8389 of April 10, 1940,1 as amended, amending Executive Order No. 6560 of January 15, 1934, by adding the following sections after section 12 thereof:

‘"SECTION 13 A. The following are prohibited except ns specifically authorized by the Secretary of the Treasury by means of rulings, regulations, instructions, licenses, or otherwise:

"‘(1) The acquisition, disposition or transfer of, or other dealing in, or with respect to, any security or evidence thereof on which there is stamped or imprinted, or to which there it affixed or otherwise attached, a tax stamp or other stamp of a foreign country designated in this Order, or a notarial or similar seal which by its contents indicates that it was stamped, imprinted, affixed or attached within such foreign country, or where the attendant circumstances disclose or indicate that such a stamp or seal may, at any time, have been stamped, imprinted, or affixed or attached thereto.

" ‘(2) The acquisition by, or transfer to, any person within the United States of any interest in any security or evidence thereof if the attendant circumstances disclose or indicate that the security or evidence thereof is not physically situated within the United States.

" ‘B. The Secretary of the Treasury may investigate, regulate, or prohibit under such rulings, regulations, or instructions as he may prescribe, by means of licenses or otherwise, the sending, mailing, importing or otherwise bringing, directly or indirectly, into the United States, from any foreign country, of any securities or evidences thereof or the receiving or holdings in the United States of any securities or evidences thereof so brought into the United States. The provisions of General Ruling No. 5 of June 6, 1840, and "11 Instructions issued pursuant thereto, are hereby continued in full force and effect, subject to amendment, modification or revocation pursuant to the provisions of this Order.

" ‘C. In the case of any transaction covered by this section, an application for license may be filed in the manner indicated in the Regulations of April 10, 1940, as amended, issued pursuant to this Order.

" ‘D. The Regulations of November 12, 1934, are hereby modified in so far as they are inconsistent with the provisions of this section.

" ‘SEC. 14. The Secretary of the Treasury may require any person to furnish under oath, complete information relative to any transaction referred to in this Order, or with respect to any property in which any foreign country designated in this Order, or any national thereof, 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.’

"FRANKLIN D. ROOSEVELT

"THE WHITE HOUSE,
"July 25, 1940";

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

(Continued)

4.

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

"AMENDMENT TO REGULATIONS

"The Regulations of April 10, 1940, as amended (sections 130.1 to 130.G), are further amended so as to extend all the provisions thereof to, and with respect to, property in which France or any national thereof has at any time on or since June 17, 1940, hid any interest of any nature whatsoever, direct or indirect, except that reports on Form TFR-100 with respect to all property situated in the United States on June 17, 1940, in which France or any national thereof has at any time on or since June 17, 1940, had any interest of any nature whatsoever, direct or indirect, shall be filed by July 17, 1940.

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

"Approved: June 17, 1940,

"FRANKLIN D. ROOSEVELT";

5. "INSTRUCTIONS TO 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 OFFICIALS 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, as amended, has been further amended by an Executive Order dated June 17, 1940, to extend the restrictions therein to transactions involving property in which France and nationals thereof have had any interest at any time on or since June 17, 1940. The Regulations of April 10, 1940. as amended, have likewise been further amended.

"While such Order and Regulations remain in effect. unless otherwise directed, the instructions of April 17, 1940, shall apply in full to France and nationals thereof except that the date June 17, 1940, shall be applied in the case of France and nationals thereof.

"The definitions of ‘France’ and ‘nationals’ thereof in the Executive Order dated June 17, 1940, shall be applicable in carrying out these instructions.

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

"June 17, 1940";

6.

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

"AMENDMENT TO 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.

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

" ‘The attention of banks, brokers, transfer agents, registrars and all other persons and banking institutions in the United States is invited to the fact that the Treasury Department construes Executive Order No. 8389, April 10, 1940, as amended, and the 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 any country designated in Executive Order No. 8389, April 10, 1940, as amended, or any national thereof, except pursuant to a specific license, irrespective of the fact that at any time (cither prior to, on, or subsequent to April 10, 1940) the registered or inscribed r 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 Executive Order No. 8389, April 10, 1940, as amended.’

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

7.

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

"GENERAL LICENSE NO. 17, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IS FOREIGN EXCHANGE, ETC.

"General Licenses Nos. 1, 2, 4, 5, 9, 11 and 12. as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, are hereby further amended so that as of the date hereof there shall be substituted for the words ‘Norway, Denmark, the Netherlands, Belgium or Luxembourg,’ wherever they appear in such General Licenses, the words Norway. Denmark, the Netherlands, Belgium, Luxembourg or France.’

"General License No. 12, issued under Executive Order No. 8389 of April 10,1940, as amended, is hereby-further amended by substituting a comma for the semicolon at the end of subdivision 2 thereof and adding thereafter the following:

‘or subject to the property interests therein as of June 17, 1940, of France or any national thereof’;

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

8.

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

"GENERAL LICENSE NO. 17, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IS FOREIGN EXCHANGE, ETC.

"A general license is hereby granted authorizing banking institutions within the United States to make payments from accounts in which France 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 June 17, 1940, and to accept and pay and debit to such accounts drafts prior to June 17, 1940, under letters of credit; provided, that each banking institution making 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

9.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 18, 1940

"GENERAL LICENSE NO. 18, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IS FOREIGN EXCHANGE, ETC.

"A general license is hereby granted authoring banking institutions within the United States to make all payments, transfers and withdrawals from accounts in the name of the French American Banking Corporation, New York City.

"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 actions during such period.

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

10.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 18, 1940

"GENERAL LICENSE NO. 19, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IS FOREIGN EXCHANGE, ETC.

"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: Banco Holandes Unido, Buenos Aires, Argentina, Caracas and Maracaibo, Venezuela; Banco Hollandez Unido, Rio de Janeiro, Santos and Sao Paulo Brazil.

"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

11.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 19, 1940

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

"General License No. 2 is hereby amended to read as follows:

"‘A general license is hereby granted authorizing banking institutions within the United Suites to debit accounts with such banking institutions in which Norway, Denmark, the Netherlands, Belgium, Luxembourg or France or a national thereof has a property interest due to such banking; institutions, cable, telegraph, telephone charges, or postage costs, custody fees and service charges, 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, 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-‘

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

12.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 19, 1940

"GENERAL LICENSE NO. 20 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"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 individual who is a citizen of the United States and who is domiciled in, or resident of, the Netherlands East Indies or the Netherlands West Indies; provided that no foreign country named in Executive Order No. 8389, as amended. or any national thereof (other than such citizen of the United States) has, or has had at any time (whether prior to, on or subsequent to April 10, 1940), interest of any nature whatsoever, direct or indirect, in such account.

"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.

"For the purpose of this general license the Netherlands East Indies and the Netherlands West Indies shall be deemed to include the following, respectively:

Netherlands East Indies—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. Netherlands West Indies—Dutch Guiana, Dutch St. Martin, Curacao, Bonaire, Aruba, St. Eustatius and Saba.

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

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 27, 1940

"AMENDMENT TO GENERAL LICENSE NO. 19 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"General License No. 19 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 any of the following: Banco Holandcs Unido, Buenos Aires, Argentina, Caracas and Maracaibo, Venezuela; Banco Hollandez Unido, Rio de Janeiro, Santos and Sao Paulo, Brazil; and the branches of the Hollandschc Bank-Unie in Willemstad, Caracao and 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

14.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 27, 1940

"GENERAL LICENSE NO. 22 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.’

"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 Beige pour l’Etranger, Overseas, Ltd., including its New York Agency.

"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

15.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"June 19, 1940

"AMENDMENT TO REGULATIONS

"The Regulations of April 10, 1940, as amended (sections 130.1 to 130.6), are further amended so as to extend all the provisions thereof to, and with respect to, property in which Latvia, Estonia or Lithuania or any national thereof has at any time on or since July 10, 1940, had any interest of any nature whatsoever, direct or indirect; except that reports on Form TFR-100 with respect to all property situated in the United States on July 10, 1940, in which Latvia, Estonia or Lithuania or any national thereof has at any time on or since July 10, 1940, had any interest of any nature whatsoever, direct or indirect, shall be filed by August 10, 1940.

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

"Approved: July 15, 1940
"FRANKLIN D. ROOSEVELT";

16.

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

"GENERAL LICENSE NO. 28, UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1910, AS AMENDED, ANY REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"General Licenses Nos. 1, 2, 4, 5, 9, 11, and 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, are hereby further amended so that as of the date hereof there shall be substituted for the words ‘Norway, Denmark, the Netherlands, Belgium. Luxembourg or France,’ wherever they appear in such General Licenses, the Netherlands, Denmark, the Netherlands, Belgium, Luxembourg, France, Latvia, Estonia or Lithuania.’

"General License No. 12, as amended, issued under Executive Order No. 8389 of April 10, 1940, as amended, is hereby further amended by substituting a comma for the semicolon at the end of subdivision 2 thereof and adding thereafter the following:

‘or subject to the property interests therein as of July 10, 1940, of Latvia, Estonia or Lithuania or any national thereof;

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

17.

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

"GENERAL LICENSE NO. 24 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"A general license is hereby granted authorizing banking institutions within the United States to make payments from accounts in which Latvia, Estonia or Lithuania 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 July 10, 1940, and to accept and pay and debit to such accounts drafts drawn prior to July 10. 1940, under letters of credit; provided, that each banking institution making 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

18.

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

"AMENDMENT TO GENERAL LICENSE NO. 17 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"General License No. 17 is hereby amended to read as follows:

" ‘A general license is hereby granted authorizing banking institutions within the United States to make payments from accounts in which France 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 June 17. 1940, and to accept and pay and debit to such accounts drafts drawn prior to June 17, 1940, under letters of credit; provided, that advice of the drawing of such checks and drafts shall have been received from the drawers on or before July 1, 1940, by the banking institution making any payment or debit authorized by this general license.

" ‘Banking institutions making 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

19.

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

"AMENDMENT TO GENERAL LICENSE NO. 21 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC. 1

"General License No. 21 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 Netherlands Trading Society’ East, Ltd., London and the Netherlands Trading Society East, Inc., Delaware.

" ‘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

20.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"July 25, 1940

"GENERAL LICENSE NO. 25 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.

"A general license is hereby granted under section 13A (1) of Executive Order No. 8389, of April 10, 1940, as amended, authorizing the acquisition, disposition or transfer of, or other dealing in, or with respect to, any security or evidence thereof, to which Treasury Department Form TFEL-2 has been previously attached or affixed by, or under the din of, the Treasury Department; provided, that this general license shall not be deemed to authorize any transaction prohibited by reason of any provision (or ruling or regulation thereunder) of such Order other than section 13 A (1).

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

21.

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

"GENERAL LICENSE NO. 26 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"A general license is hereby granted under section 13A (2) of Executive Order No. 8389, of April 10, 1940, as amended, authorizing the acquisition by, or transfer to, any person within the United States of any interest in any American Depositary Receipt or American Share physically situated within the United States representing any security or evidence thereof not physically situated within the United States which Receipt or Share was admitted to dealings on a national securities exchange on and prior to J 1940; provided, however, that this general license shall not be deemed to authorize the issuance of American Depositary Receipts or American Shares against the deposit after July 25, 1E40 of any security or evidence thereof not physically situated within the United States; and, provided that this general license shall not be deemed to authorize any transaction prohibited by reason of any provision (or ruling or regulation thereunder) of such Order other than section 13 A (2).

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

22.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 8, 1940

"GENERAL LICENSE NO. 27 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"A general license is hereby granted authorizing banking institutions within the United States to present securities (including coupons) to the proper paying agents within the United States for redemption or collection for the account and pursuant to the authorization of nationals of any of the foreign countries designated in Executive Order No. 8389, as amended, and to perform such other acts, and to effect such other transactions, as may be necessarily incident to any such redemption or collections, provided that:

"(a) the proceeds of the redemption or collection are credited to an account in the name of the national for whose account the redemption or collection 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 the presentation for redemption of any security registered or inscribed in the name of any of the foreign countries designated in Executive Order No. 8389, as amended, 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.

"Each banking institution making any presentations for redemption or collection 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 presented for redemption or collection, the dates of presentations, the persons for whose account the presentations were made, and the amounts collected.

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

23.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 8, 1940

"GENERAL LICENSE NO. 26 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"A general license is hereby granted authorizing any individual who is a citizen of the United States and residing therein and who is a ‘national’ of any of the foreign countries designated in Executive Order No. 8389, as amended, within the meaning of such Executive Order, as amended, to engage in any transaction which would not be prohibited under the provisions of such Executive Order, as amended, if such resident citizen were net a ‘national’ of any of the foreign countries designated in such Executive Order as amended. All banking institutions within the United States are hereby authorized to engage in any transaction involving property in which such resident citizen has an interest, to the same extent, and under the same circumstances; as if such resident citizen were not a ‘national’ of one of the foreign countries designated in such Executive Order, as amended.

"This general license shall not be deemed to affect securities or evidence thereof delivered, or required to be delivered, to a Federal Reserve Bank under the provisions of General Ruling No. 5, as supplemented, or to authorize payments, transfers or withdrawals from accounts referred to in Paragraph (4) of General Ruling No. 6.

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

24.

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

"AMENDMENT TO 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.1

"Paragraph (b) of General License No. 4, as amended, is further amended to read as follows:

"‘(6) This general license shall not be deemed to authorize the sale of any security registered or inscribed in the name of Norway, Denmark, the Netherlands, Belgium, Luxembourg, Franco, Latvia, Estonia or Lithuania, 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.’

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

25.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 8, 1940

"AMENDMENT TO 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.1

"General License No. 13 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 any of the following: the head offices in Java of the Javasche Bank, Nederlandsehe Handel Maatschappij, Nederlandsch Indische Handelsbank and Nederlandsch Indiche Escompto Maatschappij, the branch offices in Kobe, Shanghai, Amoy, Hongkong, Manila, Singapore, Bombay and Calcutta of the Nederlandsch Indische Hsndelsbank and the branch offices in Kobe, Djeddah, Shanghai, Hongkong, Singapore, Penang, Rangoon, Calcutta and Bombay 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

26.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 8, 1940

"REVOCATION OF GENERAL LICENSE NO. 17, AS AMENDED, under EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"General License No. 17, as amended, is hereby revoked.

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

27.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 8, 1940

"GENERAL RULING NO. 6 SUPPLEMENTING GENERAL RULING NO. 5 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"(1) The provisions of General Ruling No. 5 of June 6, 1940, and all instructions issued pursuant thereto, are hereby continued in full force and effect, Provided, That any Federal Reserve Bank to whom securities or evidences thereof (hereinafter referred to as securities) have been forwarded under such General Ruling may, as fiscal agent of the United States, deliver the securities, at any time, under appropriate arrangements with the addressee of the securities, to a bank or trust company incorporated under the laws of the United States or of any state, territory or district of the United States, or to a private bank subject to supervision and examination I the banking laws of any state, or to an private bank subject to institution authorized for that purpose by the Treasury Department.

"(2) Prior to such delivery by a Federal Reserve Bank of any such security a complete description of the security shall be made or received, and retained by such Federal Reserve Bank, and in any case in which a security bears a stamp, seal or other mark not lending itself to precise description, a photostat of such mark shall be made at the expense of the addressee and retained by such Federal Reserve Bank. This requirement may be dispensed with in any case in which appropriate arrangements are entered into for furnishing such Federal Reserve Bank with this description within a reasonable time after such delivery.

"(3) Upon the delivery of any such security by a Federal Reserve Bank to any such institution, such institution shall execute such form of receipt as may be prescribed by the Secretary of the Treasury.

"(4) Any institution to which any such security shall be delivered by a Federal Reserve Bank shall place such security in an account in such institution, from which payments, transfers, or withdrawals may be made only in accordance with a license issued pursuant to Executive Order No. 8389, as amended. In the event that any such security so held by such institution is sold or otherwise so dealt with under a license the proceeds therefrom shall be held by such institution under the same conditions as those under which the security was held, and such proceeds shall be placed in an account in such institution in the same name in which the security sold or otherwise dealt with was held, from which payments, transfers or withdrawals may be made only in accordance with a license issued pursuant to Executive Order No. 8389, as amended.

"(5) federal Reserve Banks shall release any security referred to in paragraph (1) hereof, or shall authorize the release of the contents of any account referred to in paragraph (4) hereof, if and when the Treasury Department is fully satisfied that no foreign country designated 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 security or in such account.

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

28.

"TREASURY DEPARTMENT,
"OFFICE OF THE SECRETARY,
"August 9, 1940

"GENERAL LICENSE NO. 29 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.1

"The provisions of the following General Licenses, as amended, are hereby made applicable as of the date hereof, to all accounts of the type referred to in paragraph (4) of General Ruling No. 6, issued under Executive Order No. 8389, as amended, to the extent that heretofore such General Licenses have not been applicable by reason of their specifying accounts of certain designated countries, or nationals thereof:

"General License No. 1
"General License No. 2
"General License No. 4
"General License No. 5
"General License No. 11
"General License No. 27

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

29. "RADIOGRAPHIC DISPATCH RECEIVED BY THE UNITED STATES HIGH COMMISSIONER TO THE PHILIPPINE ISLANDS RESPECTING GENERAL AUTHORIZATION NO. 13, AS AMENDED.

‘WASHINGTON, August 14, 1940

"UNITED STATES HIGH COMMISSIONER

"Manila

"Treasury Department advises that it has extended to you the authority contained in General Authorization No. 13 recently conferred on Federal Reserve Bank of New York. Said general authorization reads as follows:

"‘GENERAL AUTHORIZATION NUMBER 13, AS
AMENDED

"August 8, 1940

Federal Reserve Bank of New York.

Re foreign exchange:

"You are hereby authorized to grant licenses in cases which involve: (1) The purchase:

(a) Of securities insured or guaranteed by the Government of the United States or any political subdivision (state, county, municipality, district and other similar governmental organizations and bodies), agency or instrumentality thereof;
(b) On a national securities exchange of securities issued by corporations organized under the laws of the United States or Canada, or any political subdivision thereof; or
(c) Of any over-the-counter securities issued by corporations organized under the laws of the United States or Canada, or any political subdivision thereof, when you are satisfied that the price to be paid thereof is the reasonable market value the making and receipt of payments, transfers of credit and transfers of such securities which are necessary incidents of any such purchase, provided that the securities purchased are held in an account in the name of the national of foreign country designated in Executive Order No. 8389, as amended, whose account was debited to purchase such securities and in the banking institution which held the account which was so debited.

(2) (a) The sale, exchange or transfer, at reasonable market value, of securities (including securities registered or inscribed in the name of a national of one of the foreign countries designated in Executive Order No. 8389, as amended, and the making and receipt of payments, transfers of credit and transfers of securities which are necessary incidents to any such transaction;

(b) The change of address of record of the registered or inscribed owner of any security; Provided, that such securities, including interest and dividend payments thereon, or the proceeds of any such transaction, as the case may be, are credited to, or placed and held In, an account in the name of the national of one of such designated foreign countries for whose account the transaction was effected and in the banking institution within the United States which held the securities for such national.’

"EMERSON

"Received:

"Manila, August 16, 1940.

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

(Continued)

30. "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 nationals thereof have an interest, and securities coining 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
"

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 twentieth day of September, 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


Footnote:

1 Parts 132 to 159: Sec. 5(b), 40 Stat. 415 and 966; sec 2, 48 Stat. 1; Public Resolution No. 69, 76th Congress; 12 U. S. C. 95a; Ex. Order 6560, Jan. 15, 1934; Ex. Order 8289, April 10, 1940; Ex. Order 8405, May 10, 1940; Ex. Order 8446, June 17, 1940; Ex. Order 8484, July 15, 1940; Ex. Order 8493, July 25, 1940; Regulations, April 10, 1940, as amended May 10, 1940, June 17, 1940 and July 15, 1940.


The Lawphil Project - Arellano Law Foundation