Page:UN Treaty Series - vol 3.pdf/58

This page has been proofread, but needs to be validated.
48
United Nations — Treaty Series
1947

2. Transactions under other licenses authorized without regard to certain restrictions. With respect to property subject to the proviso of paragraph 1, any transaction not involving any excepted country or national thereof which is authorized under any license (other than General Licenses Nos. 1, 1A, 4, 27, 30A, 58 and 75 or any other license to the extent that it merely authorizes transfers between blocked accounts of the same person or changes in the form of property held in a blocked account) may be effected without regard to any terms of such license relating to the method of effecting such transaction.

3. Certain other transactions authorized. This license also authorizes any transaction which could be effected under General License No. 53 if the countries licensed hereby were members of the generally licensed trade area, provided that this paragraph shall not be deemed to authorize any payment, transfer, or withdrawal, or other dealing, with respect to any property which is subject to the proviso of paragraph 1.

4. Application of license to nationals of countries licensed hereby who are also nationals of excepted countries. Paragraphs 1 and 2 shall not apply with respect to any national of a country licensed hereby who is also a national of any excepted country, provided, however, that for the purpose only of this license the following shall be deemed not be nationals of an excepted country:

a. Any individual residing in a country licensed hereby, except any citizen or subject of Germany or Japan who at any time on or since December 7, 1941 has been within the territory of either such country or within any other territory while it was designated as "enemy territory" under General Ruling No. 11;

b. Any partnership, association, corporation, or other organization, organized under the laws of a country licensed hereby, unless it is a national of Germany or Japan.

5. Definition. As used in this license, the term "excepted country" shall mean any country excepted in paragraph 1.

6. Effective date. The effective date of this general license shall be December 7, 1945, except that it shall be October 5, 1945 as to France and November 20, 1945 as to Belgium.

Fred M. Vinson.
Secretary of the Treasury


No. 23

This article is issued from Wikisource. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.