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TREASURY DEPARTMENT W a s h i ng t o n FOR RE L E A S E , Friday, MOPNI NG NEWSPAPERS, December A announced today, after be Secretary under the Americans with with ma y in ever, existing tries are not These to to out, search by until concerning disposition Treasury effect for assets are to France the not and and B e l g i a n has shown Property being released. so the is sim ilar licen ses to to It issued provide the in a to separate States against The day all the current license. transactions in Great How licensed coun order to is no ensure that their reached their as preceded are that ce rtifica tio n already after or been the and declaration way will of war of with by shortly be prop property the the other their Rumanian of owned. property. issuance release and French investigation blocked under in enemy issued by Belgian licenses Hungarian existing remain camouflaged French Belgium over certification regarded expected been countries have the property which made action within has controls licensed for longer being effective assets the Liechten assets. actually and enemy licenses provide under and privileges taken that the status Sweden solution enemy category*b eca use o f the those over persons the the have explained blocked is is United countries. Secretary emphasized United that the general r e s u m p t i o n o f norma 1 with the l i c e n s e d concerned. they within Bulgarian, p e r m it s the immediate relations are for Italian, accorded these those countries. Blocked in France liberated erty. of property c e r tifie d here countries Hemisphere. within change control General of not sa tisfa cto ry which authorities that Western the will general with Switzerland, be and a persons Belgium N egotiations general time new as persons until o ffic ia ls of Japan removed the freely did cannot im mobilize, accounts are by issued 94 Sw itzerland, non-blocked of Spain, countries and blocked as of action ju r is d ictio n , the controls covered and as just license. Portugal, other Germany was No. Sweden, Service V-155 control License Spain, respects countries this countries available All accounts Treasury of General course, all freezing e n g a g e i n f i n a n c i a l and c o m m e r c i a l other freed Order of countries blocked The stein. or the Under countries these Canada, freezing and, Order. the of Portugal, practically hereafter persons Britain, in freezing transactions Vinson. except Tangier treated No. relaxation countries Liechtenstein, Press 1 9 4 5 _________ _ _ sweeping by all 7, c o u n t r i e s so f a r States banking license financial as t h e and freezing f a c i 1 i t i e s ma y b e issued to - commercial regulations used to finance This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) 2 all transactions countries and documents, property those interests countries licensed In presently standing in any to having Most Order countries of securities General money the the purposes unrestricted in the the any without no with of longer No. areno the subject from most The respectively, and Belgian No to the assets also such here use their under ou t transactions to of on the s e c u ritie s licensed by the countries and su b je ct to fr e e z in g any of the licensed General within Ruling countries No. are countries. the licensed 17. s till controls However, subject to 5. for the p r e se n t and currently disposition effective December effect imposed foreign is is may in remittances. authorized in stitu tion s to been out, the to the States. dollar to longer stamp international and of all of remitted of countries having financial Tangier is not control United method use respect since the p r o v i s io n a l the the Persons exchange ma y b e purposes r e s tr ic tio n s bear imported established in that or licensed for Securities they Ruling persons and and relatin g countries. exchange of removed accounts are dollar by accounts are because S ecu rities licensed these manner. nationals. merely sell between instruments in stru ction s in licenses prescribed and the and Financial amount on persons blocked to dealt the nor Treasury freezing their on countries countries. sent and freely remain accruing, licensed se cu ritie s, may b e countries addition and ma y b u y ma y b e lim itations the non-blocked currency countries after between any 7, defrosting 5 enemy except licensed were has countries, only problems recently relating to interests. that and November licenses the investigating d a t e o f General 1945, October of oneof regime in Tan g ier 20, License for the issued. -ooOoo- No. France 94, and it is Belgium d a t e s on w h i c h the pointed it is, French Treasury Department FOREIGN FUNDS CONTROL 6 , I 9I4.5 December GENERAL RULING NO . UNDER E X E C U TIV E ORDER N O . 8389, AS AMENDED, AND 5 ( b ) AS SE CTIO N S AMENDED B Y 3(a) THE F I R S T 19 AS AMENDED, OF WAR POWERS EX EC U TIVE ORDER NO. 9193, THE TRADING WITH THE ENEMY A C T, ACT, 1941, R E L A T IN G TO F O R E IG N FUNDS C O N T R O L .* RELEASE OF PROPERTY VESTED BY ALIE N All control Executive Germany Order or Custodian release effectiv e covering Japan is of date or any national to or vesting or Order amended, property the property as released such of Executive 9193, hereby any the under No. the No. of thereof PROPERTY C U ST O D IA N . any vested Alien interest order of 8389, the as property by the Property shall Alien amended, or interest Alien effect Property of Property Custodian. take and on The the Custodian interest. FRED M .' VIN SON Secretary of the Treasury • A p p e n d i x A ; - S e c . 3 ( e ) , 4 0 S t a t . 4 1 2 : S e c . 5 ( b ) , 40 S t a t . 4 1 5 end 966; Sac. 2, 4 8 S t a t . I ; 54 S t a t . 1 7 9 : 55 S t a t . 8 3 8 ; E x . O r d e r 8 3 8 9 . A p r i l 1 0 . 1 9 4 0 , • * a a e n d e d by Ex. O r de r 8 7 8 5 , June 14 , 1 9 41 , E x . Order 8832, July 26, 1941, Ex. Order 8963, D e e . 9 , 1 9 4 1 , e nd E x . O r d e r 8 9 9 8 . D e c . 2 6 , 1 9 4 1 ; E x . O r d e r 9 1 9 3 , J u l y 6 , 1 9 4 2 , e i a a e n d e d b y E x . O r d e r 9 5 6 7 , June 8 , 1 9 4 5: R e g u l a t i o n * . April t o , 1 9 4 0 , •• a a e n d e d Ju ne 1 4 , 1 9 4 1 . and J u l y 2 6 . 1 9 4 1 . T re a s u r y Department FOREIGN FUNDS CONTROL December 7, 1945 GENERAL RU LIN G NO. UNDER E X E C U TIV E ORDER N O . 8389, AS AMENDED, AND 5 ( b ) AS AMENDED B Y THE SE C TIO N S 3(a) F IR S T 20 AS AMENDED, EX E C U TIV E ORDER NO . WAR POW ERS ACT, 1941, R E L A T IN G FUNDS C O N T R O L .* (1) 1A Certain and payments not any or regarded License under as No. the any R esponsibility or General Licenses merely same that accounts of proviso of account which it of Licenses merely the transfer must of Nos. authorizes person transferred 1 same person do p r o p e r t y *from an account paragraph of General is also (1) regarded are be for giving property 1 or 1A o r held any n o tice . in other payments or t r a n s f e r s required to n o t ify placed in the a blocked Persons a blocked as blocked license between effectin g account to the blocked recipient that any pursuant extent accounts the to that of property account. FRED M. Secretary * Nos. authorizes proviso. (2) the General extent transfer the an the blocked or under to authorized. to between payment except payment it not license blocked 94 F O R E IG N TO PAYMENTS UNDER C E RTAIN L IC E N S E S payments other transfers authorize TO _____________________ R E G U L A T I O N S R E LA TIN G and 9193, OF THE TRADIN G WITH THE ENEMY A C T , of VINSON the Treasury A p p e n d i x A; - S e c . 3 ( a ) , 40 5 t a t . 4 1 2 ; S e c . 5 ( b ) , 40 S t e t . 415 «nd 966; Sec. 2. 4 8 S t e t . l ; 5 4 S t a t . 1 7 9 ; 55 S t a t . 8 3 8 ; E x . O r d e r 8 3 8 9 . A p r i l 1 0 . 1 9 4 0 . a . a m e n d e d b y Ex. Or de r 8 7 8 5 , June 14 . 1 9 4 1 . Ex. Order 8 8 3 2 , J u l y 2 6 . 1 9 4 1 , Ex. O r d e r 8 9 63 , D e c . 9 , 1 9 4 1 , and E x . O r d e r 8 9 9 8 . D e c . 2 6 . 1 9 4 1 ; E x . O r d e r 9 1 9 3 , J u l y 6 . 1 9 4 2 . a . a a e n d e d b y E x . O r d e r 9 5 6 7 . June 8 . 1 9 4 5 : R e g u l a t i o n s , A pril 1 0 , 1 9 4 0 . aa a m e n d e d J u n e 1 4 . 1 9 4 1 , an d J u l y 2 6 . 1 9 4 1 . T re a s u r y Department FOREIGN FUNDS CONTROL December 7, 1945 GENERAL L IC E N S E NO . UNDER E X E C U TIV E ORDER N O . AS AMENDED, SE C TIO N BY THE F I R S T 8389, 5 ( b ) OF THE TRADING WAR POWERS A C T , 94 AS AMENDED, 1941, E X E C U TIV E ORDER NO. WITH THE ENEMY A C T , R E L A T IN G TO FOREIGN 9193, AS AMENDED FUNDS* CO NTROL. * C E R T A IN CO U N TRIES GENERALLY LIC E N S E D (1 ) Blocked con d i t ion s . countries and A and nationals Sweden, such nationals Switzerland, were generally thereof (i) any of Germany foreign property the in or blocked follow ing ( i i ) to countries Portugal, be Spain, regarded designated or other censed hereby) (b ) any or income effective continue national withdrawal be or other or has of be from date in the as if Order, licensed other country such the any blocked h e re b y) or person association, which (including of hereof any partnership, organization, reason date ( i ) was a na countries interest of any l i such or property accruing on or after the hereof as an property interest in which a blocked and no payment, with respect to such to authorized under (1), effective in terest: per son ' t h e r e i n ; deem ed re strictio n s. paragraph by dealing Transactions certain blocked regarded thereof under, (2) to a the an countries any of country on had ( i i ) tional proviso certain Tangier) and which (including corporation, to the to all Japan, countries follow ing therein; effected and Liechtenstein not country shall (excepting subject licensing granted that (a) or licensed licen se is hereby thereof: countries pr ov i d e d countries general be other With any licenses respect transaction by, property this authorized to property not country transfer, shall or be paragraph. without subject involving any regard to the excepted • P a r t 1 3 i ; - S e c . 5 ( b ) , 40 S t a t . 415 and 9 6 6 ; S e c . 3 , 4 8 S t a t . 1 ; 54 S t a t . 179; 55 S t a t . 8 3 8 : E x . O r d e r 8 3 8 9 , A p r i l 10 , 1 9 4 0 , t i a a e nd e d b y Ex. O r d e r 8 7 8 5 . June 14, 1 9 4 1 , Ex. Or d e r 8 8 3 2 . J u l y 26 , 1 9 4 1 . E x . O r d e r 8 9 6 3 , D e c . 9 , 19 4 1 . end Ex. O r d e r 8 9 9 8 . D e c . 2 6 , 1 9 4 1 : Ex. Or d e r 9 1 9 3 , J u l y 6 , 1942, a i amended b y Ex. Or d e r 9 5 6 7 , J u n e s , 1 9 4 5 ; R e g u l a t i o n * , A p r i l 10 , 1 9 4 0 , aa a a e nd e d June 1 4 , 1 9 4 1 , and J u l y 2 6 , 19 41. 45-54 2 country or (other national than General other license tween blocked property any to in of which Licenses the a of authorized 1, 1A, that it merely the same blocked 4, 27. under 30A, person or be effected to the method relating any 58 and license changes or any transfers authorizes ma y account) license such is Nos. extent accounts held terms thereof be in 75 the of form of regard without to effectin g such transact ion. (3) Certain authorizes cense any No. 53 other if the generally licensed be to deemed dealing, of ( 4) hereby and (2) censed respect to are also not hereby deem ed that which license under were members or the not withdrawal, subject to L i of shall paragraph is also General this transfer, property This effected hereby provided payment, any be licensed area, any authorized. could or the other proviso (1). shall however, be trade Application who which countries authorize with paragraph transactions transaction of license nationals apply with to of nationals excepted respect to who i s a 1 s o a n a t i o n a 1 o f that for not to (a) the be Any only of of individual except, at purpose nationals any any within any the on or territory t e r r i t o r y ” under (b) Any partnership, organization, licensed in of of (1) country l i provided, following licensed 7, such Ruling or shall hereby, Japan 1941 has country or designated No. within 11; laws the of or of a national is who been as “ enemy corporation, under it a Germany was assocatiori, unless the country it organized hereby, a either General of country: December while licensed Paragraphs country, license subject since territory excepted this or countries national excepted residing citizen time other an any any of countries. a other country Germany or Japan. (5) country” (6) De f i n i t i o n . shall Effective shall be as France to mean D ecem ber and any As date. 7, used country The 1945, November 20, in this excepted effective except 1945 that as to license, in date it the term “ e x c e p t e d paragraph of (1). this shall he general October Belgium. FRED M. Secretary of VIN SON the Treasury license 5, 1945
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