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237 • TELEGRAM May 26, 1942 (Addressed to the Presidents of all Federal Heserve Banks) • • • • Classification 11 J enelry (including precious stones and costume jewelry) 11 , Group A-19 of Hegulation 1N, includes such article::; as cigarette cases and compacts whP;11 the article is made of or ornamented with precious metals or pre-cious or semi-precious stones. Classification also includes such artieles a~; men's and cYomen' s belt bt:tckles, key chains, tie clips and collar fasteners. Principle involved is that classification includes all articles which <:lre found to be customarily clA.ssificd a;:; jewelry by the trade, particularly when in addition the article comes f:::1irly within the dictionary definition vrhich refers co articles of personal adornment. The Heserve Banks are reque:::;ted to note for application to other questions conce:cnine listed articles that the foregoing interpretation is b:J.sed ;Jrimarily upon investigation into the facts of prevailing trade US':tge and also tha.t it follows a st.udied pattern in stressing t.he inelusi ve aspect of the classific:1.tion cmd lecwing the exclusive aspect to implication. Board would like as a matter of policy to avoid hereafter as far as possible rulin'5S that will either (l) state categorically that a g·iven ::1-rticle is not ::'. listed article or ( 2) ::1-ppear by g:~ing into ::<maLL detaih; to countenauce efforts tc search out possible gaps in the list • • .. • (Signed) Chester Morrill
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