Salt Lake Telegram | 1933-09-06 | Page 13 | Additional Financial News

I Additional Financial News RULES fR LES ADOPTED FOR GOLD COL SALE SALEt I t I Treasury Announces Regulations Regulations RegulationS Regula- Regula Under Embargo Revision WASHINGTON Sept 6 Under T-Under issued by the treas treas- k regulations new eW or of newly mined consignments L Jury i gold urY S intended for sale sae or export must of refined at least 3 ounces 4 4 contain of In Inbe gold gold d and at least two parts five by assay receivable In thel the j Th The gold wilt will be lc 12 retort of or bars kings buttons form l grains and dust in lumps 1 nonce sponge their native state free from earth or stone or nearly so must be l All sho showing the affidavit pani panted d of by the an gold and the time that source ft it mined Persons delivering gold it was rt must keep an accurate record of all alla mined or acquired and these rec- rec a gold told examine examine- must be available for v by representatives of the trees trees- tion lion i ury for at least a year ear after a con con- ft si of gold has been delivered 1 The regulations said sald 1 T When after a delivery of gold on consignment for sale the mint is satisfied sat sat- t that tat at the same may mOlY properly i be sold under the provisions of the executive order of August 29 1933 F and th these se regulations and arid that the consignor has fully complied with the same and after a assay ay it shall certify t to lii the federal reserve serve bank in the district in which the mint is located that It U has available for sale in accordance accordance accordance ac ac- ac- ac with the said executive order order or or- der for the account of the person by byor or on whose behalf the gold was consigned consigned con con- signed the amount of gold shown by such juch ch assay and shall also certify the mint charges applicable thereto The said federal reserve reser banks are arc authorized to sell such gold as nearly as may be in the order of certification tion to persons licensed to acquire gold for use in the arts industries I or or professions at the price determined determined deter deter- mined by the secretary of the treasury treas trees sir ury from time to time The secretary of the treasury will telegraph daily to th the federal reserve reser e banks the price which he determines is equal to the f best price obtainable in the free gold r C markets of the world less expenses IT incident to shipment and sale The said banks shall notify the respective mints of sal sales made by them If such gold is not sold upon the day ay of and the day following its certification to a bank bazik it shall be offered d for sale sate to foreign purchasers L by the federal reserve bank of Ne New Ne York Proc Proceeds ds of at sales less the charges deter determined ined by the secretary and arid mint charges caries shall be paid to to the consignor con con- signor lignor by br t the e federal reserve bank of or the district where such gold was wast t deposited