Decree of Aug. 28, 1936, left the monetary unit, the peso, to be later defined by law.

.6806 Suspension of convertibility of notes into gold and restrictions placed on free gold exports-Sept. 26, 1936; gold export
prohibition repealed by decree June 28, 1938; prohibition restored by Act of Nov. 25, 1938. The Anglo-Netherlands
financial agreement of June 14, 1940, established the official rate of exchange between the Netherlands Indies guilder
and the pound sterling at 7.60 guilders for £1 sterling. By act of September 20, 1940, the Netherlands Indies Volks-
raad decided, subject to later ratification by law, that the Java Bank shall fix the value of its stocks of gold coin and
bullion at Fl. 2.121 per kilogram fine.

New unit established by decree law Oct. 5, 1943, effective 30 days later; not tied to gold. Certain prior-dated obligations etc., expressed in the gold peso (oro sellado) are converted as equivalent to 134 Guaranis. Initial exchange rate fixed by Bank of the Republic of Paraguay at 1 Guarani equals U. S. $0.3255. Exchange control established June 28. 1932 Obligation to pay out gold deferred Mar. 13, 1932; exchange control established Mar. 1, 1936.

Conversion of notes into gold suspended Dec. 28, 1932.

One chervonetz equals 10 rubles. Notes not convertible into gold.

Conversion of notes into gold suspended Aug. 2, 1314; exchange control established Sept. 7, 1931. New gold content of .585018 grams of pure gold per peso established by monetary law.of Jan. 12, 1938.

(d) Quarter beginning October 1, 1944. Pursuant to section 522, title IV, of the Tariff Act of 1930, reenacting section 25 of the act of August 27, 1894, as amended, the following estimates by the Director of the Mint of the values of foreign monetary units are hereby proclaimed to be the values of such units in terms of the money of account of the United States that are to be followed in estimating the value of all foreign merchandise exported to the United States during the quarter beginning October 1, 1944, expressed in any such foreign monetary units: Pro

vided, however, That if no such value has been proclaimed, or if the value so proclaimed varies by 5 per centum or more from a value measured by the buying rate in the New York market at noon on the day of exportation, conversion shall be made at a value measured by such buying rate as determined and certified by the Federal Reserve Bank of New York and published by the Secretary of the Treasury pursuant to the provisions of section 522, title IV, of the Tariff Act of 1930.

PART 131-GENERAL LICENSES UNDER EXECUTIVE ORDER NO. 8389, APRIL 10, 1940, AS AMENDED, AND REGULATIONS ISSUED PURSUANT THERETO

Sec.

131.2 General license No. 2. [Amended] 131.5 General license No. 5. [Amended] [Revised] 131.11 General license No. 11. 131.32 General license No. 32. [Amended] 131.32a General license No. 32A. [Added] 131.33 General license No. 33. [Note] 131.49 General license No. 49. [Amended] 131.50 General license No. 50. [Amended] 131.52 General license No. 52. [Amended] 131.53 General license No. 53. [Amended] 131.58 General license No. 58. [Amended] 131.70 General license No. 70. [Amended] 131.71 General license No. 71. [Note] 131.75 General license No. 75. [Amended] 131.84 General license No. 84. [Revised] Appendix A-General rulings. [Amended] Appendix B-Public circulars. [Amended] AUTHORITY: §§ 131.2 to 131.84, appearing in this Supplement, issued under 40 Stat. 415, 966, 48 Stat. 1, 54 Stat. 179, 55 Stat. 838; 12 U.S.C. 95a, 50 U.S.C. App., Sup., 5 (b). E.O. 6560, Jan. 15, 1934, as amended by E.O. 8389, Apr. 10, 1940, E.O. 8785, June 14, 1941, E.O. 8832, July 26, 1941, E.O. 8963, Dec. 9, 1941, E.O. 8998, Dec. 26, 1941, E.O. 9193, July 6, 1942; 3 CFR Cum. Supp. Part 130 of this chapter.

§ 131.2 General license No. 2.

CODIFICATION: In § 131.2 (b) the figure "$500" was substituted for "850", wherever it appears, Feb. 21, 1944, 9 F.R. 2083.

§ 131.5 General license No. 5. CODIFICATION: § 131.5 (b) was revoked Feb. 21, 1944, 9 F.R. 2083.

§ 131.11 General license No. 11-(a) Certain payments for living expenses from certain blocked accounts authorized. A general license is hereby granted authorizing payments and transfers of credit in the United States from blocked accounts in domestic banking institutions held in the name of an individual within the United States to or upon the order of such individual, Provided, That:

(1) Such payments and transfers of credit are made for the living, traveling and similar personal expenses in the United States of such individual or his family; and

(2) The total of all such payments and transfers of credit made under this general license from the accounts of

such individual does not exceed $500 in any one calendar month.

(b) Duty of banking institutions acting under this license. Banking institutions effecting any such payment or transfer of credit shall satisfy themselves that the terms of this section are complied with. [Gen. Lic. No. 11, Oct.

28, 1944, 9 F.R. 12954]

NOTE: Prior to revision as set forth above, § 131.11 was affected in the following respects during the period covered by this Supplement:

1. The section was made inapplicable to nationals of Japan in the Territory of Hawali, by Public Circular H-3, Feb. 9, 1944, Appendix B to Part 132.

2. The section was made inapplicable to any account in a banking institution in the Territory of Hawaii in which a civilian interned for the duration of the war has an interest, by Public Circular H-5, Oct. 20, 1943, Appendix B to Part 132.

§ 131.32 General license No. 32.

CODIFICATION: In § 131.32 (a) (1), the word "Finland" was deleted, wherever it appears therein, June 30, 1944, 9 F.R. 7379.

NOTE: 131.32 was affected in the following respects during the period covered by this Supplement:

1. Public Circular 7B, Apr. 22, 1944, 9 F.R. 4384, provides that notwithstanding the provisions of § 131.32 (a) (3), any remittance pursuant to § 132.32 to a payee within Switzerland may be effected only by the payment of the dollar amount of the remittance to a domestic bank for credit to a blocked account in the name of a banking institution within Switzerland.

2. § 131.32 was made inapplicable to any account in a banking institution in the Territory of Hawaii in which a civilian interned for the duration of the war has an interest, by Public Circular H-5, Oct. 20, 1943, Appendix B to Part 132.

§ 131.32a General license No. 32A-(a) Certain remittances to Sicily for living expenses authorized. A general license is hereby granted authorizing remittances by any individual through any domestic bank to any individual within Sicily, and any domestic bank is authorized to effect such remittances, provided the following terms and conditions are complied with:

(1) Such remittances are made only for the necessary living expenses of the payee and his household;

(2) If the payee is not a citizen of the United States, the total of all remittances to such payee and his household effected in any three month period under this section may not exceed $100;