FO371-24687 — Page 6

Page 6

2.

304

A duplicate receipt issued by the bank should be forwarded

(to the Foreign Exchange Examination Committee) together with

the application.

ARTICLE 4.-- The Foreign Exchange Examination Committee,

after receiving applications referred to in the preceding

Article, shall number them in accordance with the order in

which they are received.

The acknowledgment form should be stamped with the date of

its receipt and returned to the applicant for preservation.

In case of future inquiries, the above-mentioned number

and date should be indicated.

ARTICLE 5.- After the applications are examined by the

Foreign Exchange Examination Committee, the original copy there-

of shall be preserved by the Committee and two duplicate copies

shall be forwarded by the Committee to the bank concerned and

the Customs Import Office for examination.

The Committee shall fill out a Special Notification

authorizing purchase of foreign exchange. The notification

shall be made out in three identical copies and forwarded to

the original applicant, the Customs Import Office and a speci-

ally designated bank for attention.

In case applications are rejected by the Foreign Exchange

Examination Committee, the Committee shall so notify the

original applicant and the bank concerned. The bank, after

receiving the notification, shall immediately return the legal

tender notes previously received (from the applicant) to the

applicant.

ARTICLE 6.- The applicant, after receiving the Special

Notification authorizing the purchase of foreign exchange, shall

apply to the specially designated bank for the purchase of

foreign exchange within the period of validity stipulated in the

notification. He shall also deposit the notification in the bank.

However, the foreign exchange so purchased shall continue

to be deposited in the original bank and may not be used

Page 6

/immediately

Page 6

Page 6