Page:United States Statutes at Large Volume 60 Part 1.djvu/734

 60 STAT.] 79TH CONG., 2D SESS.-CHS. 685, 686-JULY 27, 1946 power to make payments under title III under programs applicable to the crop year 1947 and previous crop years." SEC. 2. Section 3508 of the Internal Revenue Code (relating to termination of taxes with respect to sugar) is amended to read as follows: "SEC. 3508. TERMINATION OF TAXES. "No tax shall be imposed under this chapter on the manufacture, use, or importation of sugar after June 30, 1948." Approved July 27, 1946. 707 50 Stat. 909. 7U. S. C. 1§1131- 1137; Supp. V, §§ 1131, 1134,1137. 53 Stat. 429. 26 U. . C., Supp. V, §308. [CHAPTER 686] JOINT RESOLUTION To authorize the making of settlement on account of certain currency destroyed at Fort Mills, Philippine Islands, and for other purposes. Whereas during the emergency in the Philippine Islands at the time of the Japanese invasion, agents of the United States High Com- missioner, acting under a delegation of authority from the President of the United States and the specific instructions of the Secretary of the Treasury, accepted sums of United States paper currency from banks, individuals, and the Government of the Commonwealth of the Philippine Islands, and destroyed this currency by incinera- tion to preclude its seizure by the enemy; and Whereas the face value of the currency so destroyed was reported to be $2,563,981 and due to the difficult circumstances under which the program was undertaken, including lack of facilities, exposure to incessant enemy attack, and lack of personnel familiar with the technical details imposed by law with respect to the separate accounting for various kinds of currency, it was not possible to record in full detail the description of the currency which was burned; and Whereas the United States Treasury is assured that the aggregate amount of currency destroyed is correct as reported by the High Commissioner and his staff with respect to the procedures followed in accepting deposits and in verifying the count in each such deposit and that the distribution by denomination and depositor is accu- rate; and Whereas $603,158 of the total currency destroyed cannot be identified from the information available to the Treasury Department as to kind of currency and, in the case of Federal Reserve notes, as to bank of issue; and Whereas the currency has been destroyed and it appears that no fur- ther information will become available: Therefore be it Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstanding any provisions of law to the contrary, the Treasurer of the United States or the Comptroller of the Currency, as the case may be, is authorized and directed, on the basis of the receipt of evidence of destruction acceptable to the Secretary of the Treasury, to record the destruction of the United States currency and Federal Reserve notes delivered to the High Commissioner to the Philippine Islands at the time of the Japanese invasion to preclude its seizure by the enemy, in the aggre- gate amount of $603,158, as follows: Silver certificates, $202,502 of $1 denomination, $51,200 of $5 denomination, and $300 of $10 denomina- tion, aggregating $254,002; United States notes, $8,796 of $2 denomi- nation and $25,590 of $5 denomination, aggregating $34,386; and Federal Reserve notes, $1,170 of $5 denomination, $126,360 of $10 denomination, $185,840 of $20 denomination, $400 of $50 denomination, and $1,000 of $100 denomination, aggregating $314,770, which shall be July 27,1946 [H. J. Res. 321] [Public Law 5591 Destruction of oar- tain currency in Phil- ippine Islands. Authorizatlon to record amounts.

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