Salt Lake Tribune | 1918-01-06 | Page 20 | Money of Aliens to be Kept in Custody

MONEY OF ALIENS TO BE KEPT IN CUSTODY Instructions Issued by Bureau of Exports Ex-ports to Banks to Hold German Property. Instructions are being issued by A. H. Bullock, assistant director of the bureau of exports at Washington, D. C, directing banks, trust compauies and other agendo collecting oil coupons duo foreign individuals or corporations, to hold in serarate funds, subject to the call of the United States alien property custodians, all money believed to be the property of Germans or allies of Ger-. many. Local banks and other agencies will receive the instructions during the week. They are as 1'oHcws: "Bankers and others having coupons to collect due January 1, 101S, for foreign for-eign individuals, firms, corporations or others, are not required, until further notice, to obtain-licenses from the federal fed-eral reserve board in order to make such collection, provided that any funds so received which the collection agency has reason to believe are the" property of an enemy or ally of an enemy or will be used for the benefit directly or indirectly indi-rectly of an enemy or ally of an enemy must be held in separate accounts under un-der notice to the, alien property custodians. cus-todians. ' '