Page:United States Statutes at Large Volume 40 Part 1.djvu/523

 SIXTY-FIFTH CONGRESS. Sess. II. Ch. 44. 1918. 505 mone b the United States in desi ated de ositaries. The See- Q) . ******:1 ¤'¤’°•d retaryyiyf tlhe Treasury is hereb autheiized to dlesignate de ositaries i(im;§bi1¢i°és°,¤i¤iitS W in foreign countries with whiclir shall be deplosited all publi)c mone which it may be necessary or desirable to ave on deposit in such countries to provide for current disbursements to the military and naval forces of the United States and to the diplomatic and consular and other representatives of the United States in and about such countries until six months after the termination of the war between '1`°’m*'”*”°¤·°**=~ the United States and the Imperial German Government, and to prescribe the terms and conditions of such deposits." smb MM Sec. 6. That said Act approved September twenty-fourth, nineteen ,4,,,,, ff 295, ,,;,,,,,1. hundred and seventeen, is hereby amended by adding four new °d· sections, to read as follows: A um _ "SEo. 14. That any bonds of the United States bearing interest ma°°?»$fias$Zi¢l$1¤i•il$Qi at a higher rate than four per centum per annum (whether issued l‘“’°'“““°° °“°*· under section one of this Act or upon conversion of bonds issued under this Act or under said Act approved April twenty-fourth, um. nneteen hundred and seventeen), whic have been owned by any umm person continuously for at least six months prior to the date of his eath, and which upon such date constitute part of his estate, shall, under rules and reggilations prescribed by the Secretaiéy of the Treasury, be receiva le by the United States at par an accrued interest in payment of any estate or inheritance taxes imposed by the United States, under or by virtue of any present or future law, upon such estate or the inheritance thereof. of buds "Sec. 15. That the Secretaryof the Treasury is authorized, from authorized mlm om time to time, until the expiration of one year after the termination ’°""‘“°'“’°"°'· of the war, to purchase bonds issued under authority of this Act, including bonds issued upon conversion of bonds issued under this Act or said Act ap}proved April twenty-fourth, nineteen hundred and seventeen, at suc  and upon such terms and conditions- as Ywbummm he may prescribe. e par amount of bonds of any such series which may be purchased m the twelve months’ period beginning on the date of issue shall not exceed one-twentieth of the ar amount of bonds of such series originally issued, and in each twellve months’ period thereafter, shall not exceed one-twentieth of the amount of the bonds of such series outstanding at the beginning of such twelve Coswmmd months’ period. The average cost of the bonds of any series pur- ' chased in any such twelve months’ period shall not exceed par and accrued interest. hmdhbc tum "For the (purposes of this section the Secretary of the Treasury mpumaesw shall set asi e, out of any money in the Treasury not otherwise appropriated, a sum not exceeding one-twentieth of the amount of such bonds issued before April first, nineteen hundred and eighteen, and as and when any more such bonds are issued he shall set aside a sum not exceeding one-twentieth thereof. Whenever, by reason of purchases of bon s, as provided in this section, the amount so set aside falls below the sum which he deems necessary for the purposes of this section, the Secretary of the Treasury shall set aside such amount as he shall deem necessary, but not more than enough to brintg the entire amount so set aside at such time up to one-twentieth of e amount of such bonds then outstanding. The amount so Am”°p"°u°°' set aside by the Secretary of the Treasurly is hereby appropriated for the purposes of this section, to be ava` able until the expiration of one year after the termination of the war. D mod t "_The Secretary of the Treasury shall make to Congress at the wetness begmmnglof each regular session a report including a detailed statement of the orpzrations under this section. gamma paY8,,,° HSE!}. 16. at any of the bonds or certificates of indebtedness ¤¤1yi¤!¤r¤is¤¤m¤¤¤¤r¤ authorized by  Act may be issued by the Secretary of the Treasury m“rf§slZ.Z°eL$$33· as. payable, principal and interest, in any foreign money or foreign P°°°‘·