62 STAT.] 80TH CONG., 2D SESS.-CHS. 257, 258 , 266 , 267-MAY 4, 7, 1948 (b) Section 231 (d) of the Internal Revenue Code (relating to income of foreign corporations) is hereby amended to read as follows: "(d) EXCLUSIONs. -The following items shall not be included in gross income of a foreign corporation and shall be exempt from taxa- tion under this chapter: "(1) SIIPS UNDER FOREIGN FLAG. -Earnings derived from the operation of a ship or ships documented under the laws of a for- eign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States; "(2) AIRCRAFT OF FOREIGN REGISTRY. -Earnings derived from the operation of aircraft registered under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States." SEC. 2 . The amendments made by this Act shall be applicable with respect to taxable years beginning after December 31, 1945. Approved May 4, 1948. 211 53 Stat. 78. 26 U.S. C. §231(d). [CHAPTER 258] JOINT RESOLUTION To provide for the issuance of a special postage stamp in honor of the Five Civilized Tribes of Indians in Oklahoma. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That, to commemorate the centennial celebration of the Trail of Tears, the Postmaster General is hereby authorized and directed to issue a special postage stamp bearing the likeness of the great seals of the Five Civilized Tribes of Indians in Oklahoma: Choctaw, Chickasaw, Cherokee, Creek, and Seminole. Such stamp shall be issued in the denomination of 3 cents and for such a period, beginning October 15,1948, as he may determine. Such special stamp shall be placed on sale in Muskogee, Oklahoma, one day before it is made available to the public elsewhere. Approved May 4, 1948. [CHAPTER 266] AN ACT To authorize loans for Indians, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Interior, or his designated representative, is hereby authorized, under such regulations as the Secretary may prescribe, to make loans from the revolving fund established pursuant to the Acts of June 18, 1934 (48 Stat. 984), and June 26, 1936 (49 Stat. 1967), to tribes, bands, groups, and individual Indians, not otherwise eligible for loans under the said Acts: Provided,That no portion of these funds shall be loaned to Indians of less than one-quarter Indian blood. Approved May 7, 1948. [CHAPTER 2671 AN ACT To equalize retirement benefits among members of the Nurse Corps of the Army and the Navy, and for other purposes. May 4, 1948 [S. J. Res. 189] [Public Law 515] Five Civilized Tribes, Okla. Special postage stamp. May 7, 1948 [H. R. 26221 [Public Law 516] Indians. Loans. 25U.S.C.i§461- 479, 501-509; Supp. I, §502. Post, pp. 991, 1118. May 7, 198 [H. R . 4090] [Public Law 517] Be it enacted by the Senate and House of Representatives of theu United States of America in Congress assembled, That each member N ya d Navc
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