The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
-1J4f-) W. P. G. HARDING, GoY ..IOOR ALBERT STRAUSS. YICI' GoVI'RNcJt_ ADOLPH C. MILLER CHARLES S. HAMLIN EX-0FP'ICIO MKMBBR& CARTER GLASS ................ SECRtn'nY OP' THI TREASURY JOHN SK!ll.TON WILLIAMS C~PTIOLlll FEDERAL RESERVE BOARD 0' TH[ CURRENCY WASHINGTON J. A. BRODERICK. SKRIJART L. C. ADELSON. ASIIITANT SIUE1ARY W. T. CHAPMAN. ASSISTANT SICIIITAIT W. M. IMLAY. fiSCAL. AlENT ADDLIIIU:8 LIIBPLY TO P"ED6:RAL RESERVE BOARD Sepcenioer 17#1918. X-1205 SUBJEC'£! GCLD EXPORTS T0 Ill1EXI CO .. Governor, Federal Reserve Bank., Dear Si:-: In connection with applications of :rr..etal mining companies for licenses to export gold to Mexico in satisfaction of the Mexican reimportation requirements., you are requested to see that the reports submitted by applicants on form X-1146B give the necessary details before forwarding the applications to the Board. Nany i~roper reports have been received by the Board. Model of a correct return an this form is enclosed herewith. Confusion has arisen in the minds of applicants as to the section of the report calling for "Proportion of an;ount named in application to be used to satisfy Mexican reimportation decree. Gold Silver" The inforrration called for by this item is simply a division of the sum total of the amount presently applied for as between reimportation requirements against gold and against silver. For instance, if the total of the application estirrnted export to the Unite~ is $40,000 and the States is $20,000 gold and $801 000 silver, then the figures for this item should be $10,000 (100%) under 11 gold 11and $20,000 (25%) under 11 silver. 11 ( Xl205 The last sect ion asks for a report as to the proposed disposition o£ -;~-r,, cold applied for if the license is granted.. The entire amour.t for which license is asked should be divided amoung the various uses to which it is expected the gold will be appiied, such classification to be estirr.ated -from knowledge based on the use of gt1ld received under previous licenses. Respectfully., Assistant Secretary~
@FedFRASER