The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Treasury Department FOREIGN FUNDS CONTROL May 29, 1945 AMENDMENT TO GENERAL RULING NO. 11 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, SECTIONS 3(a) AND 5(b) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT, 1941, RELATING TO FOREIGN FUNDS CONTROL.* Paragraph (4) (b) of General Ruling No. 11 is hereby amended to read as follows: (b) The term “ enemy territory” shall mean the following: (i) The territory of Germany, Italy, Japan, Bulgaria, Hungary, and Rumania; and (ii) The territory controlled or occupied by the military, naval, or police forces or other authority of Japan. Such territory shall be deemed to be those portions of Burma, China, French Indo-China, Hong Kong, British Malaya, the Netherlands East Indies, the Philippine Islands and Thailand occupied by Japan, and any other territory con trolled or occupied by Japan. D. W. BELL Acting Secretary of the Treasury *Appendix A ; Sec. 3 (a ), 40 Stat. 412; Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; 55 Stat. 838; Ex. Order 8389, April 10, 1940, as amended by Ex. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, Dec. 9, 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, July 6, 1942; Regulations, April 10, 1940, as amended June 14,1941, and July 26, 1941, 45-34 (over) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) TREASURY DEPARTMENT Washington FOR RELEASE, MORNING NEWSPAPERS Tuesday, May 29, 1945 Press Service N o . 46-33 The Treasury Department today amended its trading with the enemy regulations by removing from the category of “ enemy territory” the following countries: Albania, Austria, Czechoslovakia, Danzig, Denmark, the Netherlands, Norway and Yugoslavia. Today’s action, constituting an amendment of General Ruling No. 11, paves the way for the orderly resumption of commercial communications with the liberated areas. Treasury licenses will not be needed for the transmission of messages of a financial, commercial, or business character which are limited to the ascertainment of facts and exchange of information. However, communications which constitute or contain instruc tions or authorizations to effect financial or property transactions will continue to require Treasury license. Attention was directed to General Licenses Nos. 72A and 89, which authorise certain transactional communications relating to patents and the pro tection and management of property located within foreign countries. It was stated that remittance facilities to many of the areas are not yet available. When these facilities are established, General Licenses Nos. 32 and 33 will permit the sending of support remittances up to $500 a month through banking channels. Under Public Circular No. 28, which was also issued today, these general licenses will not apply to Austria, however. The restrictions on the use of currency, money orders, checks and drafts for remittances still remain in effect for all the liberated areas. Treasury officials emphasized that communication services with a number of the liberated countries have not actually been reopened. As soon as arrangements for trans mitting transactional communications are established with any country affected by today’s action, the Treasury Department will be prepared, in appropriate cases, to license withdrawals from blocked accounts in the United States to pay claims against persons in the country involved. In general, an application for such a license should be supported by a payment instruction or other acknowledgment by the debtor executed after May 29, 1945. If an application is based on a court judgment, evidence should be submitted that the debtor has received actual notice of the proceedings and has had a reasonable opportunity to appear.