Page:United States Statutes at Large Volume 40 Part 1.djvu/984

 966 six*rY-F1r·r11 oononnss. sms. II. os. ue. 1918. _ amount of such bonds exceeding one and one-half  the plrincipal amount of bonds of the Fourt Liberty  originally su scribed fol; by suclli owner and still owned by him at the date of his tax · an °" ?““""“ °' "°* re (f31)nThe interest on an amount of bonds, the principal of which does Fi1’¤t. . . . . . Libww mll;l'¤*°¤ not exceed $30,000, owned by any individual, partnership, association, my b° °°° or co eration issued u on conversion of 3} per oenturn_ bonds of the F`u·str£iberty Loan in the exercise of any pr1v1lege arising as a consequence of the issue of bonds of the Fourth Lrberty Loan, shall be lldllll l lll lllllll exempt from such taxes. _ _ _ _ _ _ ugilpumzlll The exemptionls e§I`OV1d0¢% in iéhisfslelgztion shalll Ibpbmrlladgtiolpgo gihlé rfsmdgt t(:>Dtl}i:>•(iii1terest on an amotmt of bonds and certificates, author- by such Act and amendments theretoll the lpglincipal elglwllnllch d texeedin theag te$5,000an ina °tionto o er ‘ ezghrllrltionsc rovided in tghcgzcond Liberty)0Bond Act. _ ali? °°"°g me Sec. 2. Tliiat section 6 of the Second L1 rty Bond Act is hereby *° amended by strikin out the figures "$2,000,000,000," andinsertmg Aves ¤>¤.=¤¤¤¤¤- in lieu thereof the figures "$4,000,000,000." Such section is fnuther °f.i¤m»m¤¤sm¤amsa amended bly striking out the words “The amount of war savinlgs certificates so d to any one lserson at any one time shall not excee $100 and it shall not bl; lawf for any one person at 211] one timesgollggld vmgs' rt' tes to te amoun excee ," e¤“:i$:§$x%T•31:£  iiilsertmgcfir lieiiathereofat]l1e`wor  "It shall not be lilgful fdr any one person at any one time to hold war savings certificates of any one l series to an aggregate amount exceeding $l,000." _ 3°.$:°iIi,°50i’:`i°.Y.$f'}»;&. ‘ Sec. 3. That the provisions of section 8 of the Second Liberty Bond °‘·wlll, llllllll lllnll Act, asdsamended py thehThird L1be€·ty}Bond Acé, shall apply touthe mm. procee arising rom the paymen o war-pro ts taxes as we as l d roiits taxes. Xfrglssmenarerior- m(S°1i!d? Tl(i]:ii(i&§1epSecmt of the '.I`I‘08SU1'_Y may, d the war dg, mm, ,,,,1 . my . . ming . mlm, ,,,,w,m,,_ and for two years after its termmation, make arrangements m or with foreign countries tg stal:hilize_ the fogeign exchangesdarild to obtain foreign cmrencies an cre ts m suc currencies, an e may use any D l su h credits and foreign currencies for the cse of sta ilizing or umuhfih °° M regtifying the foreign exchanges, and he msiyxdhsiirate depositaries in foreign countries with whic maly be deposited as e may etermine .,.l_lll,lllll llltll all all or any par·t of the avails of any oreign credits or fore` currencies. nm:. Sec. 5. That subdivision (b) of section 5 of the   with the ,.f""* " "5’°"‘°°°' Enem Act be, and hereby is, amended to read as follows: ,llllll*°llg**;§x*‘l;"ll;lll;—’_l°°·,;ll•;{ (b) xfhat the President may investigate, regulate, or prohibit, under mm, » ’ z su h rules and regulations as e may prescribe by means of licenses or
 * »P· · f in sec ion 0 e I1 e on c in
 * """°"’ °&‘ 0 Pu Y otherwise, any transactions in foreign exchange and the emort, hoarding, 1l'l6lt or 6?1'lI18.l  of gofd or iilyler cillin or b dl`on Of curren ,tr erso cre tmany orm o er ancre `ts reating

solegy to transactions to be executed wholly within the United States), Y . and translfgrs of egidplncesedog mdebteélnessfor of the ownerslliiphcf property tween the mt tates an any orengn country w et er umm sam mm- enemy, ally of enemy, or otherwise, or between residents of one or M"' of ,,, more foreign countries, by any person within the United States; and R¤s¤|»ti¤¤ ly . . . . ¤ *lg__*¤;;ll*g¥ · for the purpose of streugthemngh sustaming and broadening the ` market for bonds and cert' cates o mdebtedness of the United States, of preventing frauds upon the holders thereof, and of protecting such ho ders_, he maly investigate and regulate, by means of licenses or otherwise (unt the expiration of two years after the date of the termination of the present war with the Impenal German Goveml1g_g»ll¤¢·¤_l;lll_ no ml ment, as fixed by his proclamation), any transactions in such bonds mm, ’ " or certificates by or between any person or rsons: Premlled, That nothing contained  this subdivision (b) shage be construed to confer any power to prohibit the purchase or sale for cash, or for notes eligib e for discount at any ederal Reserve Bank, of bonds or cer-