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At a meeting or tne Gold Export Committee of the Federal Reserve Board held in the orrice of the Board on Monday, May 13, at, 10:30 A. M., PRESENT: Mr. Warburg, presiding, Mr. Hamlin, Mr. Miller, Mr. Willis, Secretary. Present also: Mr. Strauss. Applications for permission VD export coin, bullion and currency, with papers relative thereto, were presented and acted upon as follows: Letter from Federal Reserve Bank of Boston transmittins papers from United States Smelting, Refining & Mining Company re their shipment of 4125,000 gold authorized under license D.444. Noted. Letter from Governor Van Zandt requesting extension or time to include May for license 40.663, authorizilv exportation or 410,000 gold and 450,000 paper currency except gold certificates by State National Bank, El Paso to Mercantile Banking Co., Cananea, Mexico for account Compania Bancaria Mercanth; also asking that place of shipment be changed from El Paso, Texas to Naco, Arizona. Extended. Letter from United States Food Administration transmitting data from Mexican News Bureau regarding movement or coinage and specie. Noted and or- dered circulated. Letter to Mr. Strauss rrom War Department regarding high premium on American gold at El Paso. Noted. No. 1836, application for permission to ship 41,2b0,000. gold to Spain for Musnr & Co. by Equit- able*Trust Co., New York to Bank or Spain or Banco Hispano Americano. aoolicants re. Tabled May lltn. Also letter by Granted; tie earmarking to occur only for account or a foreign bank in liquidation of the indebtedness or Mustier & Company, subject as usual to approval of the Treasury. Telegram from Governor Van Zandt withdrawing recommendation or application #182b filed by L. E. Cartwrignt ror permission to ship $1,200 *old coin tnrougn Border National Bank or Eagle ?ass to Tax Collector at Piedras Negras, Mexico. Declined. A telegram from E. A. Hatton, re previous correspondence. Secretary to reply. Mr. Strauss has wire. A letter from Federal Reserve Bank of New York re licenses granted by that bank for exportation of currency from United States. Ordered cir- culated. A letter from First National Bank, Eagle . Pass, Texas, re 1 and 2 dollar bills other than silver certificates. Noted. A letter from Secretary of State re correspondence 0 re Compania Peruan de Vapores. Noted. A letter from State Bank & Trust Co., Brownsville, Texas, re shipments of gold to Mexico, and previous correspondence re. Noted. Formal application of Vabicora Development Co., Ll Paso, to export to Mexico, 4;25,000 gold (#1021) approved May 10, 191b. A letter Masonic Lire Lsscciation, Buffalo, N. Y., referred by Senator Wadsworth, re credit to adjust trade balances between U. S. and Canada. Secretary to reply. It was voted to ask Mr. Kent over the telephone what is the smallest sum in gold that would meet tne requirements or Lae Mercantile Bank or the Americas and or the National City Bank for shipments to Colombia, such sum not to exceed 4500,000, provided S further that $92,000 now available could be nad from the Equitable Trust Co. It was voted also to ask now long it would be before the two institutions could re-export to une United States, gold equal to tne excess allowed above tne $92,j0 now available. Lewis Fradzury, 1839. to Mexico, i;20,000 gold. s Angeles, Cal., Grant either export duty or 2, whichever is greter. Cia Mexicana Desarrolladora de Mines, 1840. S. A. Douglas, Arizona, to Same, Mexico, during Larch 1918, 1.0,000 gold. 1841. Granted. Mexico Arizona Trading Co., Nogales, Arizona, to hobert C. Howell, 3an Blas, Mexico, during June, 1918, :4;20,000 silver coin. Refer to Food Adminisuration. 1842. Francisco S. Elias y Hnos, Douglas, Arizona, 40 same, Agua Prieta, Mexico, during Lay, 40,000 gold coin. Granted. 1843.dward Jolles Company, inc., New York via Nogales, Arizona, to the order or ConaLf,noc or Consignor's employees, Nogales, Mexico, $100,000 gold and silve:. coin, and U. S. Currency, preferably gold 95 • !**,;(11.7":".:,, coin. Granted in currency. 1844. (Revision of 1793-dec1ined) Abdallah Hougaz, New York, to carry to Portugal, ii200 gold Coun, 1:nglish currency. 1U4o. 153 to Declined. National Cit7 Bank of New York, to Christiana Bank of Ereditkasse, Christiana, Norway, ;6,bUO silver °union. Referred to ;jar Trade Board 1 through Mr. Strauss. 1846. Mexican Gulf Oil Co., Port Arthur, to same, Tampico, s'i25,0Ou paper currency, except gold or silver certificates. Granted. 1U47. ',Ulm National Bank, Laredo, Texas, t i,411 to Collector of Customs, New Laredo, Mexico, during 1.:ay and June, '50,000 gold coin. 1848. J. Granted. Percheron Society of America, to W. tark, Canada, 1.:edals, Granted. 1549. Same, to D. T. Elderkin, Regina, Canada, Medals, $18. 18bO. Granted. Same, C. D. Fisher, Canada, Medal ,!47. Granted. 18b1. Same, to. W. I. Smale, medals ;11. Granted. 1852. Same, E. L. Richardson, Canada, meda1s,17. ii Granted. At 11:00 A. M., the meeting adjourned. APP:ROVa: Secretary Chairman
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