Contents: National banking under the Federal Reserve System

        
   
   
   
   
     
  
   
    
  
  
  
  
       
   
     
  
     
  
    
    
  
  
  
  
  
    
     
       
      
       
   
   
    
  
  
  
    
    
       
   
   
  
    
VARIOUS REGULATIONS. 109 
The President of the Republic shall prescribe regulations to govern the importation 
of cattle, and is empowered to close sea ports or land frontiers to the importation of 
animals which are suffering from contagious diseases, or which come from districts affected 
by epidemics. 
Article 8.— Articles which are sought to be imported in violation of the prohibitive 
measures stipulated in Articles 5 and 6 will be confiscated, and furthermore in each 
instance a fine ranging from 100 to 1,000 pesos will be imposed, and the importer will be 
liable to pay compensation in respect of any mischief or damage caused. Goods, the 
importation of which is prohibited by sections 1, 2, 3, 4, 5 and 7 of Article 5 and by 
Article 6, shall be immediately destroyed, as shall also the plants, seeds, tubers, bulbs, 
bulbous roots, rootstocks and roots referred to in section 8 of the said Article 3. 
Animals imported in contravention of section 8 of Article 5 shall be returned to 
their place of origin or subjected to appropriate sanitary treatment. Should it not be 
possible to adopt these measures, the diseased animals shall be slaughtered, at the expense 
of the proprietor or custodian, and no compensation shall be accorded. 
Article 9.—In cases where the Tariff grants exemption of duty in respect of certain 
goods by reason of the use for which they are intended, this exemption will only be 
sanctioned when such articles, by their particular form and nature, are specis ally adapted 
for the use indicated. 
Article 10.— Wherever the Tariff contains the phrases “other material” or “other 
materials ”’ they will ‘not be held to include either precious stones, pearls, fine metals 
or silk. 
Article 11.—Manufactured articles composed of two or more mutetials, or articles in 
respect of which the Tariff stipulates that they may or may not have ¢ ‘ pieces or parts of 
other material,” shall pay duty at the rate applicable to the part which is subject to the 
highest rate of duty in cases where the part on which this highest rate is leviable exceeds 
20 per cent. of the total weight of the goods, unless the Tariff prescribes other treatment. 
Article 12.—All goods the proper classification of which is doubtful will pay the 
highest rate of duty applicable according to kind. 
Article 13.—When goods or products are presented with labels which ascribe to 
them qualities superior to their real quality duty will be levied in accordance with the 
statement contained on such labels, even though the contents harmonise with the 
description given in the respective Customs i y forms. 
Article 14.— The invoice value shall be declared in the Customs entry forms, in 
pesos of 18 pence, in respect of each class of goods, fractions under 50 centavos being 
ignored, and those exceeding 50 centavos being entered as 1 peso. 
In the event of this declaration being false the person or firm by whom the Customs 
entry form is signed will be punished with a fine of from 10 to 300 pesos. 
These fines will be imposed in the first instance by the Directors of Customs Houses 
and in the second by the Superintende nt’s Department, the procedure being the same as 
in the case of fines for contr avening the Customs Ordinance or Regulations. 
Article 15.—Article 1 of Law No. 2664 of the 16th July, 1912 * is replaced by the 
following :— 
J 
All goods admitted to Customs warehouses shall pay a warehousing 
charge of 3 per cent. on the amount of their import duty, from the handing 
‘ 
“in of the general manifest and during the first four months of storage; 4% 
“ per cent. from the commencement of and during the second period of four 
113 
months, and 6 per cent. from the commencement of and during the third period 
“ of four months. 
‘ If at the termination of one year the goods have not been taken out they will 
be immediately sold by auction in accordance with the Customs Ordinance and 
“ Regulations.” 
Article 16.— Article 3 of the same Law No. 26¢ 347 is replaced by the following :— 
“ Goods subject to import duty and to immediate clearance shall pay 3 per cent. 
Lh 
  
Article 1 of Law 2664 of the 16th July, 1912, reads as follows :— 
“ All goods admitted to Customs warehouses shall pay 1 per cent. on their value, for storage 
charges. 
** If they are not taken out within a period of three months an additional warehousing charge 
“ of 1 per cent. will be imposed at the commencement of each of the succeeding months. After 
: the goods have been stored six months this additional charge will be 4 per cent. monthly. 
“ If the goods have still not been taken away at the end of one year, they will at once be 
disposed of by auction and any further proceedings will be taken as preser ibed in the Customs 
“ Laws and Regulations.” 
t+ Article 3 of Law No. 2,664 is as follows :— 
“Goods subject to imme liate clearance which are not withdrawn within 15 working days 
¢ after the date of the respective Customs examination shall be subject to a charge for warehousing. 
“ If the goods have not been taken out at the e Bpimien of a further 30 days, arrangements will 
‘ be made to sell them by auction in accordance with the general regulations.” 
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