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Federal reserve bank OF DALLAS F IS C A L A G E N T O F T H E U N IT E D S T A T E S DALLAS, TEXAS December 29, 194-5 To Banking I n s t i t u t i o n s , and Others Concerned, in th e E leven th F ed era l Reserve D i s t r i c t : With regard t o G eneral L icense No. 95, a copy o f which i s e n c lo s e d , th e Treasury Department has d ir e c t e d us t o requ est th a t i f any person should r e c e iv e a c e r t i f i c a t i o n w ith regard t o p r o p e r ty which i s b lo ck e d on the books o f th e r e c ip ie n t *by reason o f th e in t e r e s t o f ( i ) Germany or Japan, ( i i ) B u lgaria Hungary, I t a l y , or Rumania or ( i i i ) P o rtu g a l, S p ain , Sweden, S w itz erla n d , L ie c h te n s te in , o r T a n gier, no a c t io n s h a ll be taken under th e c e r t i f i c a t i o n u n t il the a p p rop ria te F ed era l R eserve Bank has been n o t i f i e d o f th e fa c t s upon which th e p ro p e rty was so b lo ck e d and has ad vised w ith r e s p e c t t o th e m a tter. FEDERAL RESERVE BANK OF DALLAS F is c a l Agent o f the United S ta tes VICTORY BUY U N IT E D STATES WAR BONDS AN. STAMPS This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) T reasury Department FOREIGN FUNDS CONTROL December 29, 194-5 GENERAL LICENSE NO. 95 UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTION 5 (b ) OF THE TRADING WITH THE ENEMY ACT, AS MENDED BY THE FIRST WAR POWERS ACT. 1941. RELATING TO FOREIGN FUNDS CONTROL.* PROPERTY CERTIFIED BY GOVERNMENTS OF SPECIFIED COUNTRIES« ( 1 ) C e r t i f i c a t i o n by governments o f c o u n tr ie s s p e c i f i e d h e r e in . Whenever a d esig n a ted agent o f the government o f any cou n try s p e c if ie d h e r e in has c e r t i f i e d in w r itin g th a t no f o r e ig n cou n try d esig n a ted in th e Order or n a tio n a l t h e r e o f , oth er than a cou n try s p e c i f i e d h erein o r n a tio n a l t h e r e o f , has at any tim e between th e e f f e c t i v e date o f th e Order and th e d a te o f c e r t i f i c a t i o n had any in t e r e s t in any p ro p e rty s u b je c t t o th e p r o v is o o f paragraph ( l ) o f G eneral L icen se No. 94-, the p r o p e r ty s o c e r t i f i e d i s hereby lic e n s e d t o be regarded as p r o p e r ty in which no b lo ck e d cou n try or n a tio n a l t h e r e o f has or has had any in t e r e s t . (2 ) Waiver o f S e c tio n 2A o f the Order and G eneral R u ling No. 5 . The p r o v is io n s o f S e c tio n 2A o f the Order and o f G eneral R u ling No. 5 are waived w ith r e s p e c t t o any s e c u r it y t o which a c e r t i f i c a t i o n under th e p reced in g paragraph i s a tta ch e d . (3 ) A p p lic a tio n o f lic e n s e t o c e r t a in n a tio n a ls o f c o u n tr ie s s p e c if ie d h e r e in . T h is lic e n s e s h a ll not apply w ith r e s p e c t t o any n a t io n a l o f a cou n try s p e c if ie d h erein who i s a n a tio n a l o f another f o r e ig n cou n try d esig n ated in the Order and not s p e c if ie d h e r e in , p r o v id e d , however. th a t f o r the purposes on ly o f t h i s lic e n s e th e f o llo w in g s h a ll be deemed n a tio n a ls on ly o f a cou n try s p e c if ie d h e r e in : ( a ) Any in d iv id u a l r e s id in g in a cou n try s p e c i f i e d h e re in , excep t any c i t i z e n o r s u b je c t o f Germany o r Japan who at any tim e on or sin ce December 7 , 194-1 has been w ith in th e t e r r i t o r y o f e it h e r such cou n try or w ith in any oth er t e r r i t o r y w h ile i t was design ated as ” enemy t e r r i t o r y ” under G eneral R u ling No. 11; ( b ) Any p a r tn e r s h ip , a s s o c ia t io n , c o r p o r a t io n , or oth er o r g a n iz a tio n , organ ized under th e laws o f a cou n try s p e c i f i e d h e r e in , u n less i t i s a n a t io n a l o f Germany, Japan, B u lg a r ia , Hungary, or Rumania. * P art 131 1 1 S e c . 5 ( b ) , 4-0 St a t . 415 and 966; S e c . 2 , 48 S t a t . 1 ; 54S t a t . 179; 55 S t a t . 838; Ex. Order 8389, A p r il 10, 194-0, as amended by Ex. Order 8785, Jtme 1 4 , 1941, Ex. Order 8832, J u ly 26, 194-1, Ex. Order 8963, Dec. 9 , 1941, and Ex. Order 8998, Dec. 26, 1943-5 Ex. Order 9193, J u ly 6 , 194-2, as amended by Ex. Order 9567, June 8 , 194-5; R e g u la tio n s , A p r i l 10, 1940, as amended June 1 4 , 1941, and J u ly 26 , 1941# ( 4) D e fin it io n s . As used in t h is lic e n s e . (a ) The term "c o u n tr y s p e c i f i e d herein " means the fo llo w in g : ( i ) F ran ce, e f f e c t i v e O ctober 5 , 194-5; ( i i ) Belgium , e f f e c t i v e November 20, 194-5; ( i i i ) Norway, e f f e c t i v e December 29, 194-5; ( i v ) F in la n d , e f f e c t i v e December 29, 1945; and each cou n try s p e c if ie d h erein s h a ll be deemed t o in clu d e any c o lo n y or oth er t e r r i t o r y s u b je c t t o i t s ju r is d ic t io n . (b ) The term " fo r e ig n cou n try d esig n a ted in the Order" s h a ll be deemed t o in clu d e c o u n tr ie s lic e n s e d by G eneral License No. 94. FRED M. VINSON S e c r e ta r y o f th e Treasu ry T rea su ry Department FOREIGN FUNDS CONTROL December 29, 194-5 REVOCATION OF GENERAL LICENSES NOS* 9 0 , 9 1 , 9 2 , and 93, UNDER EXECUTIVE ORDER NO. 8389, AS AMENDED, EXECUTIVE ORDER NO. 9193, AS AMENDED, SECTION 5 (b ) OF THE TRADING WITH THE ENEMY ACT, AS AMENDED BY THE FIRST WAR POWERS ACT. 1941. RELATING TO FOREIGN FUNDS CONTROL.* G eneral L icen se No. 9 0 , issu e d A p r il 14-, 194-5, G eneral L icen se No. 9 1 , issu e d May 15, 194-5, G eneral L icen se No. 92, is s u e d O ctober 5 , 194-5, and G eneral L icense No. 9 3 , is s u e d November 20, 194-5, are hereby revok ed . FRED M. VINSON S e c r e ta ry o f th e Treasury * Part 131; - S e c . 5 ( b ) , 4-0 S ta t. 415 and 966; S ec. 2 , 48 S t a t . 1 ; 54 S t a t . 179; 55 S t a t . 838; Ex. Order 8389, A p r il 10, 1940, as amended by Ex. Order 8785, June 14-, 194-1, Ex. Order 8832, J u ly 2 6 , 1941, Ex. Order 8963, D ec. 9 , 1941, and Ex. Order 8998, Dec. 26, 1941; Ex. Order 9193, J u ly 6 , 1942, as amended by Ex. Order 9567, June 8 , 1945; R e g u la tio n s , A p r il 10, 194-0, as amended June 1 4 , 1941, and J u ly 26, 1941* 45-59 TREASURY DEPARTMENT Washington FOR RELEASE, MORNING NEWSPAPERS, S aturday. December 29. 1945 P ress S e r v ic e No. V-178 S e c r e ta ry V inson announced tod a y the f i n a l s te p in th e u n fre e z in g o f Norwegian and F in n ish a s s e ts through th e issu a n ce o f G eneral L icense No, 95. I t was p o in te d out th a t G eneral L icen se No. 94 is s u e d on December 7 , removed th e c o n t r o ls over cu rren t tr a n s a c tio n s w ith th ese c o u n tr ie s but d id not l i f t th e r e s t r i c t i o n s on e x is t in g b lo ck e d a cco u n ts. Today*s lic e n s e p ro v id e s fox* th e r e le a s e o f Norwegian and F in n ish b lo c k e d accou n ts through a c e r t i f i c a t i o n procedure s im ila r t o th a t a l ready in e f f e c t f o r French and B elg ia n a ccou n ts. In v e s tig a t io n s w i l l be made by th e Norwegian and F in n ish a u t h o r it ie s o f th e ownership o f b lo c k e d p r o p e r ty t o determ ine th a t th e r e are no enemy in t e r e s t s in the p ro p e rty and th a t i t i s otherw ise e l i g i b l e f o r c e r t i f i c a t i o n under th e l i c e n s e . Once p r o p e r ty has been c e r t i f i e d i t w i l l no lo n g e r be regarded as b lo c k e d . The new g en era l lic e n s e has a ls o been made a p p lic a b le t o France and Belgium , s in c e i t i s broa d er in some r e s p e c ts than th e d e fr o s t in g lic e n s e s a lre a d y is su e d f o r th ese c o u n t r ie s . The o ld l i c e n s e s , G eneral L icen ses N os. 92 and 93 j were revoked to d a y , but c e r t i f i c a t i o n s made under them w i l l remain f u l l y e f f e c t i v e . A l l cu rren t t r a n s a c tio n s w ith France and Belgium are cov ered by G eneral L icen se No. 94-. Other lib e r a t e d c o u n tr ie s w i l l be in clu d ed under the new lic e n s e as d e fr o s t in g n e g o tia tio n s w ith them are com pleted. S u b s ta n tia l p ro g re ss has been made in t h is d i r e c t i o n . The c e r t i f y i n g agents d esig n a ted by th e governments o f th e fo u r c o u n tr ie s p r e s e n t ly named in G eneral L icen se No. 95 ares f o r F rance, O f f ic e des Changes; f o r Belgium , I n s t it u t Belgo-Luxem bourgeois du Changes; f o r Norway, Norges Bank; and f o r F in lan d , Bank o f F in lan d . G eneral L icen se No. 95 was made a v a ila b le t o Norway and Finland a f t e r exchange o f l e t t e r s between the Norwegian and F in n ish M in iste rs o f Finance and S e c r e ta r y V inson s im ila r t o th o s e w ritte n in co n n e ctio n w ith the French and B elg ia n d e fr o s t in g l i c e n s e s . Both the Norwegian and F in n ish M in iste rs o f Finance have ad vised S e c r e ta ry Vinson t h a t , w ith r e s p e c t t o a s s e ts in t h e i r c o u n tr ie s b e lo n g in g t o n a tio n a ls o f the U n ited ^ S tates, no a c t io n w i l l be taken th a t would be d is c r im in a to r y in r e la t io n t o measures a p p lie d t o a s s e ts o f n a tio n a ls o f any oth er cou n try and th a t no s e q u e s tr a tio n measures are in e f f e c t ' in t h e i r c o u n tr ie s on p ro p e rty o f United S ta te s n a t io n a ls . Exchange c o n t r o l r e s t r i c t i o n s o f b oth Norway and F in land w i l l be l i b e r a l i z e d t o perm it t r a n s fe r s from th o s e c o u n tr ie s t o th e United S ta tes t o th e f u l l e s t exten t c o n s is t e n t w ith t h e i r f o r e ig n exchange p o s i t i o n . Copies o f th e l e t t e r s exchanged between S e c r e ta r y V inson and the Norwegian and F in n ish M in iste rs o f F in an ce, as w e ll as the French and B elgian l e t t e r s , are a v a ila b le at F ed era l Reserve Banks. 45-58
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