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tion for appointment, reappointment, reinstatement, re-employment, and retention with respect to positions, employees, and individuals under consideration for appointment to positions. In accordance with the provisions of Section 149, the Canal Zone Merit System shall

(1) be based solely on the merit of the employee or individual and upon his qualifications and fitness to hold the position concerned;

(2) apply uniformly within and among all departments, positions, employees, and individuals concerned;

(3) conform generally to policies, principles, and standards established by or in accordance with the Civil Service Act of January 16, 1883, as amended and supplemented; and

(4) include provision for appropriate interchange of citizens of the United States employed by the Government of the United States between such merit system and the competitive civil service of the Government of the United States. Provisions for interchange which involve movement from the Canal Zone Merit System to the competitive civil service of the Government of the United States shall be subject to the concurrence of the Civil Service Commission

(b) Regulations promulgated under this order with respect to the Canal Zone Merit System shall be issued only after advice has been received from the Civil Service Commission that such regulations conform generally to policies, principles, and standards established by or in accordance with the Civil Service Act of January 16, 1883, as amended and supplemented.

(c) The Civil Service Commission is directed to make periodic review of the operations of the Canal Zone Merit System for conformity with the requirements of subchapter III, this order, and regulations promulgated under Section 2 thereof, and shall report its findings to the Secretary of the Army.

Sec. 4. (a) There is established, as provided for in Section 152 of Title 2 of the Canal Zone Code, a Canal Zone Board of Appeals to review and determine the appeals of employees. The Board shall consist of five members, all of whom shall be civilians appointed by the Secretary of the Army (and one of whom shall be designated by him as chairman), as follows:

(1) One member shall be nominated by the Civil Service Commission.

(2) Two members shall be selected from among employees of the United States Government agencies in the Canal Zone and shall be appointed only after consultation with and advice from organizations representing such employees.

(3) Two members shall be selected by the Secretary of the Army.

(b) For each member of the Board, the Secretary of the Army shall appoint an alternate member, who shall be a civilian nominated or selected in the same manner as the Board member for whom he is an alternate. An alternate member shall serve on the Board whenever, for any reason, the member for whom he is an alternate is unable to (c) Decisions of the Board shall be made by majority vote of the members.

serve.

Sec. 5. (a) Existing rules and regulations issued, and other actions taken, pursuant to Executive Order No. 10794 of December 10, 1958, and in effect immediately prior to the issuance of this order, shall remain in effect under the comparable provisions of this order until they are superseded in accordance with provisions of this order or until they expire by their own terms.

(b) Executive Order No. 10794 of December 10, 1958, is hereby superseded. EXECUTIVE ORDER 11174-ESTABLISHING THE PRESIDENTIAL SERVICE

CERTIFICATE AND THE PRESIDENTIAL SERVICE BADGE SOURCE: Executive Order 11174 appears at 29 F.R. 12547, Sept. 3, 1964.

By virtue of the authority vested in me as President of the United States, and as Commander in Chief of the Armed Forces of the United States, it is ordered as follows:

Prior order. The numbered Sections of Executive Order 10879 of June 1, 1960, are hereby amended to read as follows:

1. Certificate established. The White House Service Certificate is hereby reestablished as the Presidential Service Certificate, to be awarded in the name of the President of the United States to members of the Army, Navy, Marine Corps, and the Air Force, who have been assigned to the White House for a period of at least one year subsequent to January 20, 1961.

2. Award of the Certificate. The Presidential Service Certificate, the design of which accompanies and is hereby made a part of this Order, shall be awarded by the Secretary of the Army, the Secretary of the Navy, or the Secretary of the Air Force, to military personnel of their respective services.

3. Badge established. The White House Service Badge is replaced by the Presidential Service Badge, the design of which accompanies and is hereby made a part of this Order. The Presidential Service Badge may be awarded to any member of the Armed Forces assigned to duty in the White House by the Secretary of the Army, the Secretary of the Navy, or the Secretary of the Air Force, upon recommendation of the Presidential Military, Naval, or Air Force Aide, as the case may be, to military personnel of their respective services. The Badge may be worn as a part of the uniform of those individuals upon award of the Presidential Service Certificate under such regulations as the Secretary of the Army, the Secretary of the Navy, and the Secretary of the Air Force, with the approval of the Secretary of Defense may severally prescribe.

4. Only one Presidential Service Certificate will be awarded to an individual during an administration. Only one Presidential Service Badge will be awarded.

5. The Presidential Service Certificate and the Presidential Service Badge established by this Order may be granted posthumously.

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EXECUTIVE ORDER 11175—EXCLUSION FOR ORIGINAL OR NEW

CANADIAN ISSUES AS REQUIRED FOR INTERNATIONAL MONETARY STABILITY CAS AMENDED) SOURCE: Executive Order 11175, 29 F.R. 12605, Sept. 5, 1964, as amended by the following: E.O. 11304, 31 F.R. 12005, Sept. 14, 1966.

SECTION 1. Except as provided in section 2, the tax imposed by section 4911 of the Internal Revenue Code of 1954 shall not apply to the acquisition by a United States person of stock or a debt obligation of Canada or a political subdivision thereof, any agency or instrumentality of Canada, any corporation, partnership, or trust organized under the laws of Canada or a political subdivision thereof, or any individual resident in Canada, if such stock or debt obligation is acquired as all or part of an original or new issue as to which there is filed the notice of acquisition prescribed by the Secretary of the Treasury or his delegate.

SEC. 2. The exclusion from tax provided in section 1 shall not apply to the following:

(a) Any acquisition of stock or a debt obligation of a company registered under the Investment Company Act of 1940 (54 Stat. 847; 15 U.S.C.80a-1 to 80a-52); and

(b) Any acquisition of stock or a debt obligation of a Canadian corporation, partnership, or trust formed or availed of for the principal purpose of acquiring stock or debt obligations of a Canadian or other foreign issuer or obligor, other than stock or debt obligations described in section 1 or in section 4916(a) of the Internal Revenue Code of 1954.

Sec. 3. The provisions of sections 1 and 2 shall be applicable to any acquisition by a commercial bank of a debt obligation described in such sections, and section 3 of Executive Order No. 11198, dated February 10, 1965, is hereby superseded.

SEC. 4. The Secretary of the Treasury or his delegate is authorized to prescribe from time to time regulations, rulings, directions, and instructions to carry out the purpose of this order.

Sec. 5. This order shall be effective upon its filing for publication in the FEDERAL REGISTER and shall apply to all acquisitions made during the period this order is in effect. (Filed, Sept. 12, 1966; 1:45 P.M.) [Text revised by E.O. 11304, 31 F.R. 12005, Sept. 14, 1966] EXECUTIVE ORDER 11176-INSPECTION OF CERTAIN INTEREST

EQUALIZATION TAX INFORMATION RETURNS BY THE BOARD OF
GOVERNORS OF THE FEDERAL RESERVE SYSTEM AND THE FEDERAL
RESERVE BANKS
SOURCE: Executive Order 11176 appears at 29 F.R. 12067, Sept. 5, 1964.

By virtue of the authority vested in me by section 6103(a) of the Internal Revenue Code of 1954 (68 A Stat. 753; 26 U.S.C. 6103(a)) as amended by section 3 of the Interest Equalization Tax Act, approved September 2, 1964 (Public Law 88–563), it is hereby ordered that any information return made by a commercial bank with respect to loans and commitments to foreign obligors under section 6011 (d) (2) of the Internal Revenue Code of 1954, as added by section 3(a) of the Interest

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