Imágenes de páginas
PDF
EPUB

CUSTOMS.

(T. D. 36546.)

Values of foreign coins.

(Circular No. 1.)

TREASURY DEPARTMENT, July 1, 1916. In pursuance of the provisions of section 25 of the act of August 27, 1894, I hereby proclaim the following estimate by the Director of the Mint of the values of pure metal contents of foreign coins to be the values of such coins in terms of the money of account of the United States, to be followed in estimating the value of all foreign merchandise exported to the United States during the quarter beginning July 1, 1916, expressed in any such metallic currencies.

Entries of merchandise liquidated upon the values proclaimed herein will be subject to reliquidation upon the order of the Secretary of the Treasury whenever satisfactory evidence shall be produced to him showing that the values in United States currency of the foreign money specified in the invoices were, at the date of certification, at least 10 per cent more or less than the values herein proclaimed.

W. G. McAdoo, Secretary of the Treasury.

Estimate by Director of the Mint of the values of foreign coins.

Country.

Legal standard

Monetary unit.

Value in
terms of
United
States
money.

Remarks.1

Argentine Republic.. Gold.........

Peso......

$0.9648 Currency: Depreciated paper, con.

vertible at 44 per cent of laco

value. Austria-Hungary.... .do.

Crown..

. 2026 Belgium... Gold and silver Franc..

. 1930

Member of Latin Union; gold is

the actual standard. Bolivia..

Gold..
Boliviano.

3893 12, bolivianos - 1 pound sterling Brazil..

..do.
Milreis....

5462 Currency: Government paper.

Exchange rate about 25 cents to

the milreis. British colonies in .do........ Pound sterling .... 4.8665

Australasia and

Africa.
Canada.

..do..
Dollar.....

1 0000
Central American
States:
Costa Rica..

.do..
Colon.

4653 British Hondurs do..

Dollar.

1.0000 Nicaragua... ..do.

ba

1.0000

Guatemala: Currency, inconrert.

ible paper, exchange rate about Guatemala.

40 pesos -$1. Honduras, Iver...

{silver

Honduras: Currency, bank notes,

.5029 Salvador.

exchange rate about $0.35. Salvador: Currency, convertible into silver on demand, exchange

rate about $0.42. Chile... Gold...... ..do....... .360 Currency: Inconvertible paper: ex.

1 change rate, approximately,

$0.14. · The exchange rates shown under this heading are not to take the place of the consular certificate where it is avallable.

52173-VOL 31-16- 1

Peso.......

2

Estimate by Director of the Mint of the values of foreign coins-Continued.

Remarks,

Value in
terms of
United
States
money.

[blocks in formation]

.4985

(Amoy.

$0.8244 Canton...

8219 Cheloo.

.7885 Chinkiang

.8053 Fuchau

7626 Haikwan

.8388

The tael is a unit of weight; not a (customs)..

coin. The customs unit is the Hankow

7713

Haikwan tael. The values of
Tael Klaochow... 7989

other taels are based on their
Nanking

8158

relation to the value of the Hai. China...

Niuchwang
Silver,

.7731

kwan tael. Ningpo.

.7926 Peking

.8037 Shanghai. .7530 Swatow

7615 Takau.

8296
(Tientsin.. 7989
Yuan.

5402
Hongkong. 5422
Dollar
British.

.5422

(Mexican.. .5462 Colombia.

Gold...
Dollar.....

1.0000 Currency: Inconvertible paper: ex

change rate, approximately, $105 Cuba

paper to $1 gold.
do
Peso

1.0000 Denmark.

.do.
Crown.

.2660 Ecuador.

..do.
Sucre.

.4867 Egypt..

do
Pound (100 pias-

4.9431 The actual standard is the British ters).

pound sterling, which is legal

tender for 974 piasters. Finland.. .do... Mark.

. 1930 France. Gold and silver Franc.

. 1930 Member of Latin Union; gold is the

actual standard. German Empire..

Gold.
Mark.

. 2382
Great Britain..
do.. Pound sterling...

4. 8665 Greece.. Gold and silver Drachma..

. 1930

Do.
Haiti..

Gold....
Gourde.

.9647 Currency: Inconvertible paper; ex.

change rate, approximately,

$0.16. India (British).. .do... Rupee.

.3244 15 rupees =) pound sterling: Italy..... Gold and silver Lira....

. 1930 Member of Latin Union; gold is the

actual standard. Japan.

Gold..

Yen....
Liberia.

do.
Dollar.

1.0000 Currency: Depreciated silver token

coins; customs duties are collected

in gold. Moxico.....

.do
Peso..

.4985 Mexican exchange rate violently

fluctuating. Netherlands..

.do.
Florin.

. 4020 Newfoundland.

do.
Dollar.

1.0139 Norway.

do.
Crown.

.2680 Panama..

do..
Balboa.

1.0000 Paraguay

Silver
Peso...

.4211 Currency: Depreciated paper, ex.

change rate 1,550 per cent. Persia.. Gold and silver Kran....

. 1700 This is the value of the gold kran.

Currency is silver circulating above its metallic value; ex

change value of silver kran, apPeru...

proximately, $0.117.
Gold.
Libra..

4.8665 Philippine Islands... do..

Peso..

.5000 Portugal..

do.
Escudo.

1.0806 Currency: Inconvertible papor; ex.

change rate, approximately,

$0.701. Roumania. .do.....

. 1930

Leu.
Russia.

do..
Ruble.

.5146 Santo Domingo..

do.
Dollar

1.0000 Servis.

do.
Dinar.

. 1930 Siam.

do.
Tical..

.3709
Spain.
Gold and silver Peseta.

. 1930 Valuation is for the gold peseta; currency

is silver circulating above its metallic value; ex. change value, approximately,

$0.20. Straits Settlements... Gold.... Dollar.

.5678
Sweden...

...do.
Crown.

.2680
Switzerland.

..do.
Franc.

. 1930 Member of Latin Union; gold is the

actual standard. Turkey.

Piaster.

100 piasters equal to the Turkish £. Uruguay

do.
Peso..

1.0342
Venezuela.

do..
Bolivar

. 1930
! The exchange rates shown under this heading are not to take the place of the consular certificate where
it is available.

.0440

.do.

(T. D. 36547.)

Consular invoices- Increased duties. When entry is made on pro forma invoice and the consular invoice subsequently

produced shows increased duties, they should be collected on the bond without reliquidation of the entry.

TREASURY DEPARTMENT, July 1, 1916. SIR: The department returns herewith entries Nos. 41170, 62952, and 109830, submitted with your letter of the 8th instant.

It appears that each entry was made on a pro forma invoice and bond given for the production of a certified invoice; that the certified invoices show values different from those stated in the pro forma invoices, and that the entered value in each instance was approved by the appraiser.

The pro forma invoice used in making entry No. 41170 stated the freight included in the purchase price as $50, while the certified invoice showed $60.16, resulting in the consular invoice value being less than that shown in the pro forma invoice and declared on entry; while on entry No. 62952 the conditions are reversed, the deduction for freight in the pro forma invoices exceeding those in the certified invoices, resulting in the value shown in the certified invoices being greater than that declared on entry.

A discount of 3 per cent was deducted on the pro forma invoice used on entry No. 109830, whereas the certified invoice showed no discount and the value was greater than the entered or appraised value.

In the case of entry No. 41170 the consular invoice value is less than the entered value and, therefore, should be ignored in the liquidation of the entry, as paragraph I of section 3 of the tariff act provides that duty shall not be assessed on less than the entered value.

It appears to be the practice to liquidate or reliquidate entries for the purpose of collecting the increased duties found to be due when a bond is given for the production of a duly certified invoice and the value stated in the said invoice is higher than the entered or appraised value.

It is the opinion of the department that in such cases the entry should be liquidated upon the entered or appraised value without reference to the value stated in the consular invoice and that when a higher value is shown in the certified invoice, the increased duty should be collected as duty due under the bond given for the production of the said invoice, without, however, reliquidating the entry.

It follows from the foregoing that entries Nos. 62952 and 109830 should be liquidated upon the appraised value and the increased duty shown by the certified invoice to be due should be collected under the bonds given for the production of the certified invoices. Respectfully,

ANDREW J. PETERS, (105183.)

Assistant Secretary. COLLECTOR OF CUSTOMS, New York.

(T. D. 36548.)

Jelutong-Crude gums. Decision of the United States Court of Customs Appeals (T. D. 36427) relative to

spruce gum to be applied to crude jelutong and other similar gums imported 30 days after May 12, 1916.

TREASURY DEPARTMENT, July 8, 1916. Sir: The department is in receipt of your letter of the 27th ultimo relative to the assessment of duty on certain so-called crude rubber gum, said to be the latex or sap extracted from the jelutong rubber tree, covered by entry No. 183720.

It appears that similar merchandise has been passed free of duty as a crude drug under paragraph 477 of the tariff act of 1913, but by reason of the decisions of the United States Court of Customs Appeals (T. D. 36427) and others, relative to spruce gum, the classification of the article has been changed to that of a nonenumerated unmanufactured article dutiable at 10 per cent ad valorem under paragraph 385 of the tariff act. Application is made for at least 30 days' notice before the assessment of duty on the said article. ,

It appears that the merchandise is not crude india rubber or a crude drug, but consists of a whitish gum used in combination with india rubber as an adulterant. Such merchandise, it appears, is not specifically provided for in the tariff, and in the opinion of the department is properly dutiable as a nonenumerated unmanufactured article at the rate of 10 per cent ad valorem under paragraph 385 of the tariff act of 1913, in accordance with the decisions of the United States Court of Customs Appeals in T. D'. 36427, T. D. 36460, and T. D. 36508 relative to spruce gum.

As it appears, however, that the change in classification is made by reason of a principle of tariff interpretation made by the court upon a different article, it will be applied to merchandise of the character now under consideration and other similar gums only when imported 30 days after May 12, 1916, the date of T. D. 36427. Respectfully,

ANDREW J. PETERS, (68188.)

Assistant Secretary. COLLECTOR OF CUSTOMS, New York.

[ocr errors]

(T. D. 36549.)

Importation of eggs of game birds. Paragraph 1 of the regulations in T. D. 30637 of May 23, 1910, specifying the birds that

are recognized as game birds, amended.

TREASURY DEPARTMENT, July 1, 1910. To collectors and other officers of the customs:

Paragraph 1 of the regulations in T. D. 30637 of May 23, 1910, governing the importation of eggs of game birds, is amended to read as follows:

« AnteriorContinuar »