Salt Lake Telegram | 1934-08-14 | Page 1 | Rules on Delivery of Silver Issued

RULES UN ON DELIVERY S OF SILVER ISSUED Payment Payment-of 95 Per Cent to Be BeM M Made de at Assay Office WASHINGTON Aug 14 P The JP-The The treasury today toda issued instructions for delivering silver to the New York assay office oUke under President Roose Roose- ells ell's recent nationalization order and said aid that an initial payment of 95 5 per cent would be made on actual silver slIver deliveries The Thc sa same ne payment will be made on war warehouse house receipts within 24 hours The remaining 5 per cent ent will be paid after the exact value has been deter mined Warehouse receipts must be indorsed indorsed in in- dor ed by y the owner with signature guaranteed by a bank or a commod commod- ity ty ex exchange hange clearing broker The government will pay ordinary cry ry charges and storage from rom the time ime the assay office accepts delivery ery cry of warehouse receipts Regulations governing other assay offices are expected to be announced shortly