268
SEVENTIETH CONGRESS . SESS . I. CH. 167 . 1928 . Investment of funds .
INVESTMENT OF FUNDS BY ALIEN PROPERTY CUSTODIAN Trad ing With Enem y SEC . 10. The Trading with the Enemy Act, as amended, is New section .
amended b adding thereto the following new section Vol . 42, p . 1516,
y adding amended .
"SEC . 25. (a) (1) The Alien Property Custodian is authorized Participating certifl- cafes . and directed to invest, from time to time upon the request of the lrel Adm o oun c usof fno Secretary of the Treasury, out of the funds held by the Alien Prop- be invested in .
erty Custodian or by the Treasurer of the United States for the Alien Property Custodian, an amount not to exceed $40,000,000 in the aggregate,- in one or more participating certificates issued by the Secretary of the Treasury in accordance with the provisions of this Credi t of temp orari ly section . postponed returned "(2) When in the case of any trust written consent under sub- trusts .
section (m) of section 9 has been filed, an amount equal to the portion of such trust the return of which is temporarily postponed under In vestment of ex- such subsection shall be credited against the investment made under cess .
paragraph (1) of this subsection . If the total amount so credited is in excess of the amount invested under paragraph (1) of this sub- section, the excess shall be invested by the Alien Property Custodian in acco rdance with the pr ovisio ns of this su bsecti on, wi thout regard If investment in ex- to the $40,000,000 limitation in
1
If the amount cess of credited amount,
paragraph () to be paid fro m Ger- invested under paragraph (1) of this subsection is in excess of the man special deposit, total amount so credited, such excess shall, from time to time on request of the Alien Property Custodian, be paid to him out of the Ante, p. 260. funds i n the, Germa n spec ial de posit account creat ed by sectio n 4 of Priority .
the Settlement of War Claims Act of 1928, and such payments shall have priority over any payments therefrom other than the payments under paragraph (1) of subsection (c) of such section (relating to Investment from nn- ex penses of ad minist ration ) . allocated interest fund .
(b) The Alien Property Custodian is authorized and directed to invest, in one or more participating certificates issued by the Post, p. 274 .
Secretary of the Treasury, out of the unallocated interest fund, as Designated amount, defined in section 28- Additio nal if amoun t a (1) The sum of $25,000,000 . If, after the allocation under section allocated to trusts is in excess thereof . 26 has been made, the amount of the unallocated interest fund allo- ca ted to th e trusts described in subse ction (c ) of such section is found to be in excess of $25,000,000, such excess shall be invested by the Alien Property Custodian in accordance with the provisions of this Correction if less,
subsection . If the amount so allocated is found to be less than $25 ,000,000 any parti cipating certifica te or cer tificates that hav e been Balance remaining issued shall be corrected accordingly ; and after i nvestment and "(2) The balance of such unallocated interest fund remaining payments . after the investment provided for in paragraph (1) and the paymet Post, p. 273. of allocated earnings in accordance with the provisions of subsection If interest fund in- (b) of section 26 have been made . sufficient, balance to "(c) If the amount of such unallocated interest fund, remaining be paid from Germa n special deposit . after the investment required by paragraph (1) of subsection (b) of this section has been made, is insufficient to pay the allocated earnings in accordance with subsection (b) of section 26, then the amount necessary to make up the deficiency shall be paid out of the funds Ante, p.260.
in the German special deposit account created by section 4 of the Priority given . Settlement of War Claims Act of 1928, and such payment shall have priority over any payments therefrom other than the payments under paragraph (1) of subsection (c) of such section (relating to expenses of administration) and the payments under paragraph (2) of Transfer of all money, subsection (a) of this section . etc ., own ed by the
(d) The Alien Property Custodian is authorized and directed German Government, after the
of debts under section 9 to transfer to the to special deposit .
~
payment
) Secretary of the Treasury, for deposit in such special deposit account, all money and the proceeds of all property, including all
�
