Page:United States Statutes at Large Volume 48 Part 1.djvu/369

 73d C ONGRESS. SESS. II. CH. 6. JANU ARY 30, 1934 . held for redemption of any outstanding silver certificates, and to coin standard silver dollars or subsidiary currency for the redemp- tion of such silver certificates. "The President is authorized, in his discretion, to prescribe dif- ferent terms and conditions and to make different charges, or to collect different seigniorage, for the coinage of silver of foreign produ ction than for the coinage of silver produced in the United States or its dependencies . The silver certificates herein referred to shall be issued, delivered, and circulated substantially in conformity with the law now governing existing silver certificates, except as may herein be expressly provided to the contrary, and shall have and possess all of the privileges and the legal tender characteristics of existing silver certificates now in the Treasury of the United States, or in circulation . " The President is authorized, in addition to other powers, to reduce the weight of the standard silver dollar in the same percentage that he reduces the weight of the gold dollar. " Th e Pres ident is fur ther a uthori zed to reduce and f ix the weigh t of subsidiary coins so as to maintain the parity of such coins with the standard silver dollar and with the gold dollar ." SEC. 13 . All actions, regulations, rules, orders, and proclamations heretofore taken, promulgated, made or i ssued by the President of the United States or the Secretary of the Treasury, under the Act of March 9, 1933, or under section 43 or section 45 of title III of the Act of May 12, 1933, are hereby approved, ratified, and confirmed. SEC. 14. (a) The Second Liberty Bond Act, as amended, is further amend ed as foll ows (1) By adding at the end of section 1 (U.S.C., title 31, sec. 752 ; Supp . VII, title 31, sec . 752), a new paragraph as follows : " Notwithstanding the provisions of the foregoing paragraph, the Secretary of the Treasury may from time to time, when he deems it to be in the public interest, offer such bonds otherwise than as a popular loan and he may m ake al lotmen ts in f ull, o r reje ct or reduce allot ments upon any appl icati ons wheth er or not the offer ing w as made as a popular loan ." (2) By inserting in section 8 (U .S .C., title 31, sec . 771), after the words " certifi cates of ind ebtedn ess ", a comma and the words " Treasury bills ". (3) By striking out the figures "$7,500,000,000" where they appear in section 18 (U.S .C ., title 31, sec . 753) and inserting in lieu thereof the figures " $10,000,000,000 ." (4) By adding thereto two new sections, as follows : " SEC. 1 9 . No twiths tandin g any other provis ions of law, any ob li- gations authorized by this Act may be issued for the purchase, redempt ion, o r refu nding, at or befor e matur ity, o f any outsta nding bonds, notes, certificates of indebtedness, or Treasury bills, of the United States, or t o obta in fun ds for such p urchas e, red emptio n, or refunding, under such rules, regulations, terms, and conditions as the Secretary of the Treasury may prescribe . " SEC. 20. The Secretary of the Treasury may issue any obliga- tions authorized by this Act and maturing not more than one year from the date of their issue on a discount basis and payable at maturity without interest. Any such obligations may also be offered for sale on a competitive basis under such regulations and upon such te rms an d cond itions as th e Secr etary of the Treasu ry may presc ribe, and the decisions of the Secretary in respect of any issue shall be final ." 343 Seigniorage ch arg es, etc. Legal tender, eircu lation privileg e, etc Weight of silv er dol- lar may be reduced. Subsi diary coi ns . Desig nate d Execu- tive orders, proclama- tions, etc ., approved. Ante, pp . 1, 51, 53. Second Liberty Bond Act_ amendments . Vol 40, pp . 288, 502, 844; Vol.46,p.1506. 1j S .C ., p.1026 ; Supp. "II, p. 770. Bonds, other than public issue, permitted . App lications an d al. lotments. Depos it of pro ceeds . Vol.40,p.291;U.S.C., p. 1029, amended. Treas ury b ills adde d. United States notes. issue. Vol. 40, p. 1310; U S.C., p. 1026 . Obl iga tio ns herein aut hor ize d may be used to pay outstand- ing indebtedness, etc. Short-term non -inter- est-bearing obligations, on discount basis. Sale, on competitive basis.