Evening star., 1917-12-02
BY I, A. FLEMING.

Income tax returns for the year 1917
must be turned in by March l. 1919
and paid before June Is OF the same
year.
II "a within the probabilities that
changes will be made within the near
future, as additional revenue Is neces-
sary. and the finding Of 1t Will be up
to Congress.
1t is also probable that Congress Will
make plain some features OF tho act OF
October, 1917, which have puzzled even
Philadelphia lawyers.
Treasury Certificates All Sold.
The recently announced. offering OF
500. .ooo. 900 4 per cent Treasury certifi-
oates. maturing June %, 1918, have all
heen subscribed for. 1t is probable tnat
another offering will be made before
the close of the current month
Where Much of the Gain Came From
A study OF the reports of the different
banks made in response to the recent
call by the controller of the currency
indicates that much of the $15,00e,000
gained was the direct result OF opera
tions connected with the second liberty
loan sale.
redeposited with the institutions
through which subscriptions were re-
ceived. The items are carried IN the
reports for publication as war loan
deposit account.
December 25 per cent of this large
fund will be Withdrawn and the &C
count, as far as deposits are concerned
will be closed in the near future. Of
course, the banks holding these depos-
tie therefor
putting up security, generally liberty
bonds. which are available for the full
face value.
On Circulation.
BY act of Congress, approved October
5. 1917. national banks may now take
| out all of their circulating medium In
| FIVE dollar bills, If a bank SO elects.
Under the old law it was permissible
| for 4 bank to take out but one-third of
| it's circulation in fves.
| The new law also provides that a
| bank may take out circulation in de-
nominations of 81, 81. IS. $40, $50. $50
| and 800 in such proportions as the
| bank may elect, save that not more
| than $4,000 in notes Of the denomina-
| tion of 81 and 81 may be taken out Of
any one bank.
Notes will be printed in plates of
| four notes at a cost of $1OO for each
| new plate and $50 for renewals.
Alien Property and Indebtedness.
the time for filing reports of alien
property or Indebtedness has been ex-
| tended until December 5. 1917. After
| that date failure to report to alien
| property custodian is punishabl by
| Imprisonment for not more than ten
| years, or a fine of not more than $10,-
| 900. or both.
Report must be made of property
and inde debtedness owing any person
who by the trading with the enemy act
Is defined as an enemy or ally Of an
| enemy.
| An enemy is defined as ."any indi-
vidual. partnership. or other body Of
| individuals resident within the terri
tory dncluding that occupied by the
| Army or naval forces) of any nation
| with which the United States is at
| war. or resident outside the United
| States and doing business within such
porated in such territory of any nation
| with which the United tSates is at war,
or incorporated within any other
| country other than the United States
| and doing business within such terri
| tory.
..The government of any nation
with which the United States is at
war. or any political subdivision
thereof. or any officer. official agent or
agency thereof"
Forms are prepared to care for al
most any contingency; life insurance
| companies. banks. trust companies.
real estate agents. safety vault Gus
guardians must make reports. bank
ers reporting on form A. P. c., 103. and
where only a safety box Is maintain
ed by the enemy or alien. on form 104.
Warehouse receipts, bills Of lading.
goods sand merchandise, leaseholds,
Il vIwA