Page:United States Statutes at Large Volume 50 Part 1.djvu/505

 480 Certification to Comptroller General. Shipments of valu- ables by Public Debt Service. 40 Stat. 292. 31U.S.C.°°760, 761 . Fund not available for losses adjust ed by Postmaster General. 39U.S.C.°49. Fund unavailable where shipments made at risk of private individuals. Credit for recoveries and repayments. Insuring of ship- ments forbidden ; e x - ception. Special cases au- thorized hy Secretary. Officer, etc ., making ship ment i n acco rd- ance with regulations. Rules and regula- tions by Secretary of Treasury. Terms defined- "Valuables ." 75TH CONGRESS, 1sT SESSION-CH. 444-JULY 8, 1937 the executive department, independent establishment, agency, officer, em ployee, or o ther a ccount able p erson making the cl aim, h e shal l not resort to the fund, except to the extent that such replacement cannot be so effected by such credit, but shall certify such determination to the Comptroller General and, upon receipt of such certification, the Comptroller General is authorized and directed to make such credit in the s ettlem ent of accou nts in the G eneral Accoun ting O ffice : Pr o - vided further, That the fund shall not be available with respect to any loss, destruction, or damage affecting valuables of which ship- ment shall have been made by or on behalf of the Public Debt Service of the Treasury Department, insofar as such loss, destruc- tion or damage is chargeable against the indefinite appropriation "Expenses of loans Act of September 24, 1917, as amended and extended" (U . S . a., 1934 edi tion, title 31, sees . 760, 761) : And provided further, That the fund shall not be available with respect to any loss, destruc tion, or damage af fecting valuables , insofar as such loss destruction, or damage may be adjusted by the Postmaster Gen- eral under the provisions of the Act of March 17, 188 2, as amended (U. S. C ., 1934 edition, title 39, sec. 49) ; nor shall it be available wit h resp ect to any l oss, d estruc tion, or dama ge aff ecting valua bles of which shipment shall have been made at the risk of persons other than the United States, its executive departments, independent establishments, agencies, wholly owned corporations, officers, and employees. All recoveries and repayments on account of loss, destruc- tion, or damage to valuables of which replacement shall have been made out of the fund shall be credited to it and shall be available for the purpo ses th ereof. SEC. 4. On and after the effective date of the regulations pre- sc ribed under sectio n 1, n o exec utive departm ent, i ndepen dent e stab- l ishme nt, a genc y, wh olly owned cor porat ion, offi cer, or em ploy ee shall expend any money, or incur any obligation, for insurance, or fo r the paymen t of p remium s on i nsuran ce, aga inst l oss, d estruc tion, or damage in the shipment of valuables except as specifically author- ized by the Secretary of the Treasury. The Secretary of the Treas- ury may give such authorization if he shall find that the risk of loss, destruction, or damage in such shipment cannot be adequately guarded against by the facilities of the United States or that the cir- cumstances are such that adequate replacement cannot be provided under this Act. SEC. 5. Every officer and employee of the United States and every person acting on behalf of a wholly owned corporation who makes a ship ment o f valu ables in goo d fait h pursu ant to and s ubstan tially in accordance with the regulations prescribed under section 1 shall be dee med, i nsofar as th ere ma y be c oncern ed the propri ety wi th res pect to such shipment of any act or omission governed by such regula- tions, to be acting in faithful execution of his duties of office and in full performance of the conditions of his bond and oath of office, if any. SEC. 6 . The Secretary of the Treasury shall have power, with the app roval of the Presi dent, to mak e such rules and re gulati ons as may be necessary for the execution of the functions vested in him by this Act, and may for such purpose require persons making shipment of valu ables or mak ing cl aims f or rep lacemen t to m ake su ch dec larati ons or to furnish him with such other information as he may deem necessary. SEC. 7 . For the purposes of this Act- (a) The term "valuables" means any article or thing or representa- tive of value in which the United States has any interest, or in con- nection with which it has any obligation or responsibility, direct or