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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, February 19, 1942 To All Banking Institutions, and Others Concerned, in the Eleventh Federal Reserve District: The Secretary of the Treasury has issued the following public circular: “ PUBLIC CIRCULAR NO. 16 UNDER EXECUTIVE ORDER NO. 8889 of April 10, 1940, as amended, and Regulations issued pursuant thereto, relating to transactions in foreign exchange, etc.* (1) Attention is directed to the fact that pursuant to the Order the provisions thereof have been automatically extended to all of British Malaya to the same extent as the pro visions of the Order apply to any other blocked country. (2) For the purpose of administering the Order and complying with the provisions thereof, British Malaya shall be deemed to be a foreign country separately designated in the Order and specifically named in section 3 thereof. The definition of the term ‘national’ as applied to British Malaya shall be that specified in paragraph E of section 5 of the Order. (3) General License No. 13 is hereby amended by the deletion of the word ‘Singapore’ from subdivisions (a) and (b) of paragraph (1) thereof. (4) Attention is directed to the fact that, by reason of temporary control and occupa tion by the military, naval, and police forces and other authority of Japan, British Malaya is no longer included within the generally licensed trade area as defined in General License No. 53. (5) No transaction shall be deemed to require a license solely because it involves property in which a blocked country or national thereof had an interest which was extin guished prior to the date of the extension of the Order to such country. (6) As used herein, the term ‘British Malaya’ shall be deemed to include the Straits Settlements and the Malay States, both federated and unfederated. February 18, 1942 E. H. FOLEY, JR. Acting Secretary of the Treasury” *This public circular affects parts 130 and 131 and will be included in appendices to those parts.— Sec. 5 (b ), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Public N o. 354, 77th Congress; Ex. Order 8389, April 10, 1940, as amended by E x. Order 8785, June 14, 1941, Ex. Order 8832, July 26, 1941, Ex. Order 8963, December 9, 1941, and E x. Order 8998, December 26, 1941; Regulations, April 10, 1940, as Amended June 14, 1941, and July 26, 1941. Yours very truly, R. R. GILBERT E N FE SE President BUY UNITED STATES SAVINGS "b o n d s ANDSTAMPS This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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