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Tl^E KUSKO" TIMES
A. X. Gmti Publisher, Sol*.
Owner and Editor.
P j Every- Saturday
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Ad^ertieinj* Rates.
Fes.ling matter, per line, per
aasttb ....,_j...>.25
Legal ^idfaertisementsy per line. 1
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Transient display, per inch, per
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-«• * w •• ir ” nt> I »
Entered as secoms-slasB matter Av
gust 29th, 1925, at’ the pestoffice at j
TokJtna, Alaska, under the Act of
Mart^,3,IW9.'“
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REGULATIONS RELATING TO J
SALE AND EXPORT OF GOLD
•<.. 1—
(Continued from Page tV
ipd-on the Regulations issued there- j
undef„ Gold" Which orior to August (
Augiist 26,. 1933, had Beett in the pos
session of a hank'' (except gold, in .its ,
• natui'al state purchased by a bank di
rectly from miners and which gold.i
had pot been held by such bank , in:
non-c,omptLance With the Executive
Carders, af April ' 5 .and August 28, j
1933L. Mint or 'As'say"Office in* the’
form' of. coin, or bullion, will nut be;
received on consignment for- sale. ‘
Gold will be'received in amounts of
not less than two ounces of fine gold'
,v.and 'in the following forms: bars,
^kings., buttons, retort sponge, lumps,
grains, and dust iaitheir native state
fee from eai^b andisfone, or neary s'o.
No Consignment shalT contain less
than: 200 parts of gold in 1,000, by j
assay1. In the case of gold f drwarded
to a'Mint by mail or express, the
original package will not be opened
until ’ an invoice of the description-;
and weight of. such package has been i
received. When there is no material
discrepancy between the actual and
. invoice weights of a consignment,
further action with, regard to it will
be deferred pending communication
with the consigner.
Article 30... Rejection of Gold by
Mink. Consignments which are un
suitable. for Mint treatment shall be
rejected and returned to the person
delivering the same at his risk and
expense. Consignments which: the
Mint "is not satisfied' were recovered
from natural deposits* in. the- United
States or otherwise.: do not meet tbe
requirements of. these Regulations
will be disposed of n accordance with
applicable law,. . - ,.1 >
Article 3.1. Affidavits Accompany*
ing Delivery of Gold. Every person
delivering to the Secretary of the
Treasury for sale,.gold.prptfuced ex
clusively from a mine' or placer de
posit owned, controlled or leased by
him shall at the time of the delivery,
of such, gold file with the Mint a
proper affidavit, in duplicate, on Form
TG-7 prescribed for such purpose by
the Secretary of the Treasury. Every,,
person engaged in the business of op
erating a custom mill*smelter or re
finery shall at the time of such de
livery, file with, the Mint a proper affi
davit, in duplicate, on Form TG-8 pre
scribed by the Secretary" of the Treas
ury.- If the person delivering the
gold has purchased the same in its
natural state directly from persons
who have recovered such gold from
from mines wholly owned, controlled
or leased by the sellers, such con
signor shall a'ecompgijry the delivery
With ah affidavit, in duplicate, on
Form TG-8‘ to which shall hie attached j
affidavits'on Form TG-7, executed by*
each person from whom any of such
gold was purchased- One copy of
such, affidavit Shall be forwarded by
the Mint to. the Director of the Mint.
Artille 32., Records and Repors.
Every person delivering gold bn. con
signment for sale shall keep accurate
■records .of all gold mined, or acquired
and such records shall be available
for examination, hy a representative
of the. Treasury eDpartmeiit for at
least one year after such delivery.
Such person shall also file With the
•Director of.the. Mint,.on or before the
twenty-fifth day of each’ nionth after
the date the first deivery of god made
under these Regulations, a report
covering; the period of the preceding
calendar month, provided, that the
first report shall cover , the .period
from. April 1, 1935 to the end of the
calendar month preceding the date of
the report. Such, report shall be
made under oath, on Form TtJR-7, f
the coonsignor produces gold exclu
sively from mines or placer deposits
'which are Wholly'owned„ controlled or
leased hy him, and 'on Form TGR-8,
if the consignor is engaged in the
business of operating a custom mill,
smelter or. refinery..
Article 33. Agreement by Con
signor. No Mint shall receive on be
half of the Secretary of the Treasury
any gold for sale under the provisions
of the Executive Order of August 29,
1933, unless the provisions of these
Regulations have been fully complied
with,.and until the person owning, the
gold, or his duly authorized agent,
ha.^ signed a written agreement to ac
cept as conclusive without any right
of recourse or review, the determina
tion of the Secretary of, the Treasury,
or Ris duly authorized agent, as to
the amount due such person as a re
sult of any sale of the gold deposited
Article 34. Disposition of Gold.Re
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If T^4i%J«#fie^J^'Jpfl5i
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S^nd Yoar, AfoulL VElff > Koshwky’s, THE FKIE^|HtT STpUJ,
i Anchorage, . Alaska.
\ Hipest Market Prices Paid for Fnrs
We Pay the j^ie Charges on Fur Shipments
* » •*.• •■ v-sria*.-. -*•*•**. %
sskt
i
Alaska's Leading For Merchants** ,
ANCHOKAGH. ALASKA
Wire or Write for Late Market Quotations:
ceived on Consignment for Sale.
When, after a, delivery of gold on con
signment for sale, the Mint is satis?
tied that the same may properly be
sold under thevprovisions of the Ex
ecutive 9rder August 29, 1933, and
of these Regulations, and that the
consignor has fully complied with, the
same, and after assay, it shall certify
to the Federal reserve bank, in the
district in which the Mint is located;
that it has available for sale, in ac-1
eordance with the said Executive j
Order,, for the^ aeeoyint of the person j
bv, or ,in whose behalf the gold was j
consigned, the amount of gold shown
by such assay, and shall also certify
the Mint charges applicable thereto.
The said Federal reserve banks are:
authorized to sell such gold, as nearly
as may be in the order of certification,
at the price determined by the Secre
tary of the. Treasury from time to
time. The Secretay of the Treasury
will telegraph daily, to the Federal re
serve banks the price which he deter
mines is equal to the best price ob
tainable in the free gold markets of
the world less expenses ncideot to
shipment and sale. The said banks
shall notify the respective Mints of
sales made by them. If, such, gold is
not sold upon the dayy of. and the day
following its certification to a bank,
it shall be offered fpr, sale to foreign,
purchasers by the Federal. Reserve
Bank of New York. The Mints shall
inform the Federal Reserve Bank of
New York hy telegraph, of. the amount
of gold so available, fox,, sale ^accord
ance with the Executive Order of, Au
gust 29, 1933., Proceeds of sale, less
the charges determined by the Secre
tary, and Mint charges, shall be paid
to the consignor by the Federal re
serve bank of the district where such
gold was deposited. In .cas.es pf sales
made abroad 98 per cent of such net,
poceeds shall be paid uppn receipt of
telegraphic advice that payment has
been made abroad; the remainder
upon receipt of confirmation by mail
Article 35. Export ,of Gold. ;igold
sold to foreign purcn^ts^i Ar
ticle 34 may be exported by the Fed
eral Reserve Bank of Ne wYork with,
out requirement of a license. Such
bank shall certify to the Collector of
Customs of the port at which export
is. to' be made that such gold was so
sold, and the Collector is authorized,
to permit the export thereof without
further license.
• DEAN ACHESON.
Acting Secretary of the
Treasury.
Articles l to 28, inclusive,, of the
Regulations under the Executive Or
der issued by the President on Au
gust 28, 1933 have heretofore been re-,
leased t tohe. press. I'he above seven
Articles relate to the consignment for
sale of gold recovered from natural,
deposits in. the United States or any.
place subject to the jurisdiction, there
of under the Executive Ordejc of Au
gust(29, 1933. Articles of these Reg
ulations relating to the export of fab
ricated gold will be released at. an
early date.
WHY PEOPLE
S
Worldly Advice.
Sorority Fresh—He is all the world,
to me. What tfould you advise me
to do?
Been There—See a little mo*«v «£
the world, my dear.-—Gazete (Mont*
real).
Gone.
Tourist (having looked over,
toric castle, to bottler)—We’ve m?de
a stupid mistake. I tipped his lord
ship instead of you.
Butler—That’? quite awkwara^JgJJ
never get it now.—Wall Street Jour
nal.
Barman-—How do you knowtj^,,.
Newcomer—He is president fjhe
temperance society.
Bannan—You are his. enemyX v
Newcomer—No, the vice president.
—Per Lustige Sachse (Leipzig).
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TAKOTMA ROADHOUSE
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Best of,Meals iand' Itde»s
Where.Ererjrttdns fe Hemetfke .and.
Where Tea Are Cordially .WeleMkfld.it .
GOO» DOG HOUSES.
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