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"' . X-1556a. WAR TRADE :SOARD WASHINGTON (W.T.:S.R. 732) ~ORTATION OF GOLD AND MANUFACTURES THEBEOF The War Trade :Soard announce the following regulations govern,.ng the e:x:pqrtation of manufactures of gold, effective May 9,1919: All manufactures of gold, the bullion value of which does not exceed 65% of the total value, rr.ay be exported, without individual export licenses, under the special export licenses applicable to the exportation of commodities not on the Export Conservation List. The shipper must, however, state ·in his Export Declaration (Customs Oat. No. 7525) the bullion value of each item in the shipment and the total value of such item, and that no item in such shipment has a bullion value in excess of 65% of the total value of such item. Every manufacture of gold, the bullion value of which exceeds 65% of the total value, is now regarded, fo:..~ the purpose of exportation, as gold bullion, the exportation of which is under·the exclusive control of the Federal Reserve Board. All applications, therefore, to export rnanufe.ctures of g(l1d. the bullion value of which exceeds 65% of the total value::, 1:1hould be filed with the Federal R3serve Bank of the dis·i:.riot from which th.:J ·shipment is made. On such applJ.cations rr.ust be stated .·:· '· the value of the gold content of the articles proposed to be eJq:~orted, as well as the total value of such articles. Vance • c. McCormick, Chairman4
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