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FEDERAL RESERVE BANK
OF NEW YORK
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Circular No. 2 2 5 1 , July 26, 1941
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Reference to Circulars Nos. 2129, 2131, 2132, 2144, 2171, 2182, 2183, 2185,
2187, 2188, 2194, 2195, 2207, 2208, 2216, 2219, 2221, 2222, 2223, 2226,
L.2229, 2232, 2233, 2238, 2241, 2242, 2244, 2245, 2246, 2247, 2249 and 2250.J
Executive Order No. 8389, as Amended, and Regulations Issued Pursuant Thereto,
Relating to Transactions in Foreign Exchange, Etc.
To all Banking Institutions, and Others Concerned,
in the Second Federal Reserve District:
For your information we quote below the text of General License No. 58 issued July 26,
1941, by the Secretary of the Treasury pursuant to Executive Order No. 8389 of April 10, 1940,
as amended, and the Regulations issued thereunder.
TREASURY DEPARTMENT
Office of the Secretary
July 26, 1941.
GENERAL LICENSE NO. 58 UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS
AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO, RELATING TO TRANSACTIONS IN FOREIGN EXCHANGE, ETC.*
(1) A general license is hereby granted licensing all transactions ordinarily incident
to the importing and exporting of goods, wares and merchandise between the United
States and any part of China other than Manchuria, provided the following terms and conditions are complied with:
(a) Such transaction is not by, or on behalf of, or pursuant to the direction of
(1) any blocked country other than China, or (ii) any person within Manchuria, or
(Hi) any national of any blocked country other than China unless such national is
within China;
(b) Such transaction does not involve property in which (i) any blocked country
other than China, or (ii) any person within Manchuria, or (iii) any national of any
blocked country other than China unless such national is within China, has at any
time on or since the effective date of the Order had any interest; and
(c) Any banking institution within the United States, prior to issuing, confirming
or advising letters of credit, or accepting or paying drafts drawn, or reimbursing
themselves for payments made, under letters of credit, or making any other payment
or transfer of credit, in connection with any importation or exportation pursuant to this
general license, or engaging in any other transaction herein authorized, shall satisfy
itself (from the shipping documents or otherwise) that: (1) any such transaction is
incident to a bona fide importation or exportation and is customary in the normal
course of business, and that the value of such importation or exportation reasonably
corresponds with the sums of money involved in financing such transaction; and (2)
such importation or exportation is or will be made pursuant to all the terms and conditions of this license.
(2) Banking institutions within the United States engaging in any transactions
authorized by this general license shall file promptly with the appropriate Federal Reserve
Bank monthly reports setting forth the details of such transactions during such period,
including appropriate identification of the accounts which are debited or credited in connection with any such transaction.
(3) As used in this general license a person shall not be deemed to be "within China"
unless such person was situated within and doing business within China on and since June
14, 1941.
E. H. FOLEY, JR.
Acting Secretary of the Treasury.
* Part 131;—Sec. 5(b), 40 Stat. 415 and 966; Sec. 2, 48 Stat. 1; 54 Stat. 179; Ex. Order 8389, April 10,
1940, as amended by Ex. Order 8785, June 14, 1941, and Ex. Order 8832, July 26, 1941; Regulations,
April 10, 1940, as amended June 14, 1941, and July 26, 1941.
Additional copies of this circular will be furnished upon request.
ALLAN SPROUL,
President.
THE PROCLAIMED LIST OF CERTAIN
BLOCKED NATIONALS
Supplement No. 1, July 28, 1941
to
the
PROCLAIMED LIST
Issued July 17, 1941
SUPPLEMENT NO. 1 OF JULY 28, 1941, TO
THE PROCLAIMED LIST OF CERTAIN BLOCKED NATIONALS
ADMINISTRATIVE ORDER
By virtue of the authority vested in the Secretary of State, acting in conjunction with the
Secretary of the Treasury, the Attorney General, the Secretary of Commerce, the Administrator
of Export Control, and the Coordinator of Commercial and Cultural Relations between the
American Republics, by Proclamation of the President, promulgated July 17, 1941, the following
Supplement No. 1 containing certain deletions from and amendments* to "The Proclaimed List
of Certain Blocked Nationals" promulgated July 17, 1941, is hereby promulgated.
Date: July 28, 1941. By direction of the President:
SUMNER WELLES,
Acting Secretary of State.
D. W. BELL,
Acting Secretary of the Treasury.
THURMAN ARNOLD,
Acting Attorney General.
JESSE H. JONES,
Secretary of Commerce.
RUSSELL L. MAXWELL,
Administrator of Export Control.
NELSON A. ROCKEFELLER,
Coordinator of Commercial and Cultural
Relations between the American Republics.
'Amendments appear at paee-1
(1)
2
DELETIONS
ARGENTINA
"Argenteco"—Argentina Technical Company.
Argentina Technical Company—"Argenteco"
"Clearing" Organizacion
Sudamericana
para el Intercambio de Maquinarias y
Materiales Industrials
Hersch, Maximo
Instituto Massone—Hijos de Atilio Massone
S. en C.
International Clearing Service (Maximo
Hersch).
Massone Hijos de Atilio S. en C. (Instituto
Massone).
Ortholan Sucesion Juan S. en C __
Perlander y Cia.
Schweizer, E. (Soc. de Kesp. Escr. Ltda.) _.
Shaw, Strupp y Cia.
__ __ __ ^. __
252-25 de Mayo, Buenos Aires.
252-25 de Mayo, Buenos Aires.
252-25 de Mayo, Buenos Aires.
252-25 de Mayo, Buenos Aires, and all
branches in Argentina.
Blandeques 4350, Buenos Aires.
252-25 de Mayo, Buenos Aires.
Blandeques 4350, Buenos Aires.
Viamonte 1649, Buenos Aires.
Avenida R. S., Pena 615, Buenos Aires.
Cangallo 318, Buenos Aires.
Buenos Aires.
BOLIVIA
Otero, Viuda de Velez __ __ __ __ __
Vivienda Propria, S. A. __ __ __ _.
La Paz.
BRAZIL
Chazeny Cia., H. J. __ __ __ __ __ _.
Gabaglia, Edgard Raja __ _. __ _.
Navebraz, S. A. (Transportes Maritimos) _ _
Taussig, Mirko __
Transportes Maritimos (Navebraz S. A.)
Sao Paulo and all branches in Brazil.
62-2 a Bracca Aranha, Rio de Janeiro.
62-2a Ave. Graca Aranha, Rio de Janeiro.
Rua General Camara 139, Rio de Janeiro.
Rio de Janeiro.
COSTA RICA
Fait, Juan Casalvolone __ __ __ __ __
Federspiel, Carlos and Company __ __
Guier, Minor __ __ __ __ __ __
Sottanis, Guido __
Puntarenas.
Apartado 1725, San Jose.
San Jose.
CUBA
Montes, Juan __ __ __ __ __ __ __
Quesada, Dr. Tomas._ ._ __ __ __ __
Ross Corporation, Lawrence B. __ __
San Ignacio 713, Habana.
Calle 25 entre Marina e Infanta, Habana.
3
ECUADOR
Alvarado K., Luis A.__ __ __ __ __ __
Banco Italiano S. A. __ __ __ __ __ __
El Mercurio.. __ __ __ __ __ __ __
Calle Panama 800-802, Casilla 847,
Guayaquil.
Guayaquil and Manta.
Cuenca.
GUATEMALA
Almacen El Lobo (B. S. de Widmer) __ __
Garcia y Cia __ __ __ __ __ __ __
Widmer, B. S., de (Almacen El Lobo) __ __
9a Calle Oriente No. 11, Guatemala City.
6a AvenidaSur., No. 32, Guatemala City.
9a Calle Oriente No. 11, Guatemala City.
HAITI
Wang, Alfonso __ __ __ __
__
Port-au-Prince.
MEXICO
Brandseph, Felix
Cacho, J. y Cia__
Egry, Carlos
__ __ __ __ __ __
_•_ __ __ __ __ __
__ __
__
__ __
Guanajuato 27, Mexico City.
16 de Septiembre y 5 de Febrero, Mexico
City.
Calle Florencia 14, Apartado 1025, Mexico City.
PANAMA
Audisio, Carlos
Centro Americana de Navegacion Ltda., Cia.
(owners of s. s. "Lovcen" and "Josephine"
ex "Stella Lykes").
Frank & Son _. __ __ __ __ _. _.
Zuber, Lale Novak __ __ __ __ __ __
PEEU
Transatlantic Trading Co.
Panama City.
21 Sixth Street, Panama City.
c/o Cia. Centro Americana de Navegacion Ltda., Panama City.
__
__
1026 Union, Lima.
__ __ __
__
Apartado Postal 585, San Salvador.
SALVADOR
De Geest, Rafael
URUGUAY
Campomar & Armonino (Sue. to Campomar
H. Armonino y Cia.).
Miller y Cia., H. J. __ __ __ __ __ __
Montevideo.
VENEZUELA
Gomez Luigi, Dr. Domingo
Hellmund, W. C, & Co. __
Palenzona y Cia. „ __
Schmidli, O. __ __ __
Candelaria a Miguelacho 16, Caracas.
Torre a Veroes 25, Caracas.
Chorro a Coliseo 32, Caracas.
Apartado 1214, Caracas, and at Valencia.
__
__
__
__
__
__
__
__
__
__
__
__
__
__
__
__
1430 Av. Gral. Rondeau, Montevideo.
AMENDMENTS
COSTA RICA
For Steinvorth, Gerhard, San Jose, substitute
Steinvorth, Eberhard __ __ __ __ __
San Jose.
HAITI
For Anderson, G. E., Port-au-Prince, substitute
Andersen, G. E. __ __ __ __ __ __
For Anderson, Gunther, substitute
Andersen, Gunther
Port-au-Prince.
MEXICO
In relation to Peters y Cia. (Petero y Compania; La Suiza) for Calle 5 de Febrero, 403
Peniente, Monterrey, substitute
Calle 5 de Febrero, 403
Durango.
PERU
For "La Papelera Peruana S. A."—Sauter &
Lahrius, Junin 442, Casilla 337, Lima, substitute
"La Papelera"—Sauter & Lahrius__ __ __
Calle Zarrate 442, Lima.
For Sauter & Lahrius ("La Papelera Peruana
S. A."), Junin 442, Casilla 337, Lima, substitute Sauter & Lahrius ("La Papelera") __
Calle Zarrate 442, Lima.
o
Peniente,
FEDERAL RESERVE BANK
OF NEW YORK
July 30, 1941.
To all Banking Institutions in the
Second Federal Reserve District:
We are pleased to announce that Long Branch Trust
Company, Long Branch, New Jersey, has become a member of
the Federal Reserve System effective July 30, 1941.
ALLAN SPEOUL,
President.
@FedFRASER