Evening star., 1933-08-30
Gold Orders by President
Industries and abroad, and New Hoarding
Deddline Is Provided.

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sitions of gold bullion held under ncens-
es issued under section (b), without
necessity Of obtaining license for such
acquisitions
'The Secretary Of the Treasury, sub
ject to such further regulations as he
may prescribe, shall issue licenses au-
thorizing the acquisition Of
"(a) Gold coin or gold bullion, which
the Secretary is satisfied Is required for
a necessary and lawful transaction, for
which currency other than gold certifl-
Gates cannot be used, by an applicant
who establishes that since March 9.
1888. he has surrendered an equal
amount OF gold coin, gold bullion or
gold certificates to banking institution
in the continental United States or to
the Treasurer of the United States
"(b Gold coin or gold bullion which
the Secretary is satisfied is required by
an applicant who holds a license to
export such an amount Of gold coin
or gold bullion issued under subdivisions
(c) or Cd of section hereof, and
"(c) Gold bullion which the Secre-
tary, or such agency as he may desig-
nate. is satisfied is required for legit-
innate and customary use in industry,
profession or art, by an applicant regu-
larly engaged in such industry, pro-
furnishing gold therefor
Licenses issued pursuant to this
section shall authorize the holder to ac-
quire gold coin and gold bullion only
from the sources specified by the Sec
retary of the Treasury in regulation
issued hereunder.
Section S. Holding gold coin, gold
bullion and gold certificates
After 80 days from the date of this
order no person shall hold in his pos
session or retain any interest, legal
or equitable. in any gold coin. gold
bullion or gold certificates situated in
the United States and owned by any
person subject to the jurisdiction of the
therefore issued pursuant to this eX-
ecutive order: provided. however. that
licenses shall not be required in order
to hold in possession or retain an in
terest In gold coin, gold bullion or gold
certificates with respect to which q
return need not be filed under section
3 hereof.
The Secretary Of the Treasury. sub
ject to such further regulations as he
may prescribe, shall issue licenses au-
thorizing the holding Of
''(A Gold coin, gold bullion and gold
certificates which the Secretary is sat-
isfled are required by the person own
ing the same for necessary and lawful
transactions for which currency, other
than gold certificates, cannot be used;
"(b) Gold bullion which the Secre-
tary, or such agency as he may deSlg-
nate. is satisfied is required for legiti-
mate and customary use in industry.
engaged in such industry. profession
or orf cr in tho hlrSjneSS 0f furnishing
gold therefor;
"(c) Geld coin and gold bullion ear
marked or held in trust since before
April 20, 1888. for recognized foreign
government or foreign central bank or
the Bank of international Settlements;
and
I'D Gold coin and gold bullion i'm
ported for re-eXport or held pending
action upon application for export Ii
censes.
Section g. Earmarking and export
of gold coin and gold bullion.
After the date of this order no per-
son shall earmark or export any gold,
coin, gold bullion or gold certificates
from the United States, except under
license therefor issued By the Secre-
tary of the Treasury pursuant to the
provisions of this order.
The Secretary of the Treasury. in
his discretion and subject to such reg
ulations as he may prescribe may issue
licenses authorizing
"(a) The export OF gold coin or gold
bullion earmarked or held in trust since
before April 20, 1888, for a recognized
foreign government. foreign central
bank or the Bank for International
Settlements;
"(b) The export of gold, Cd imported
bearing materials imported by the ap-
plicant under agreement to export gold.
or tIID in bullion containing not more
than five ounces of gold per ton:
"(c) The export of gold coin or gold
bullion to the extent actually required
for the fulfllment of a contract en-
tered into by the applicant prior to
April 20, 1888; but not in excess of
the amount Of the gold coin. gold bull
lion and gold certificates surrendered
by the applicant on or after March 9,
1888. to q banking institution in the
continental United States, or to the
treasurer of the United States; and
"(d The earmarking for foreign
account and/or export of gold coin or
gold bullion, with the approval of the
President, for transactions which the
Secretary of the Treasury may deem
necessary to promote the public in
tereSt.
Section LIMITED States possessions,
shipments thereto The provisions of
Sections and S of this order shall
not apply to gold coin. gold bullion or
gold certificates which is situated in
the Philippine Islands. American Samoa,
Guam, Hawaii, Panama Canal Zone,
Puerto Rico or the Virgin Islands of
the United States, and is owned by a
person not domiciled in the Continental
United States. The provisions OF Sec
ton shall not apply to acquisitions by
persons within the Philippine Islands,
American Samoa, Guam, Hawaii. Pan
anna Canal Zone. Puerto Rico or the
Virgin Islands ofthe United States. or
gold coin or gold bullion which has not
been taken or sent thereto since April
S, 1885, from the Continental United
States or any place subject to the jur-
isdiction thereof.
Section 8. Until further order. the
Secretary of the Treasury is authorized,
through any agency that he may dcSig-
nate. to investigate, regulate, Or prohibit,
under such rules and regulations as he
may prescribe, by means of licenses or
otherwise, ary transactions in foreign
exchange, transfers of credit from any
banking institution within the United
States to any foreign branch or office
of such banking institution or to any
foreign bank or banker, and the export
or withdrawal of currency from the
United States, by any person within the
United States, and the Secretary of the
Treasury may require any person en-
gagged in any transaction referred to
herein to furnish under oath complete
information relative thereto, including
the production of any books of account,
contracts, letters, or other papers, in
connection Herewith in the custody or
control of such persons either before or
after such transaction is completed.
Section 9-The Secretary of the
Treasury is hereby authorized and en-
powered to issue such regulations as
he may deem necessary to carry out the
purposes Of this order. Such regula-
tions may provide for the detention in
the United States of any gold coin, gold
/