To Delay Until July 1, 1975, the Date for Removing Restrictions on Private Ownership of Gold: Hearings Before the Subcommittee on International Finance of the Committee on Banking and Currency, House of Representatives, Ninety-third Congress, Second Session, on H.R. 17475 ... December 3 and 5, 1974 |
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action amount Asian Development Bank assets authority bankers banking system believe bill billion BURGENER BURNS buy gold Chairman colleagues committee commodity Comptroller concerned CONGRESS THE LIBRARY CONLAN corporations deal in gold December 31 demand Development Bank dollar economic effective date exchange Exchange Stabilization Fund exporting FAUNTROY Federal Reserve Fort Knox FRENZEL funds going gold bullion gold certificates gold market Gold Reserve Act gold sales GONZALEZ Government HANNA inflation International Development Association investment investors issue January JOHNSON legislation LIBRARY OF CONGRESS loans ment million ounces monetary system nations November 14 oil prices OPEC ownership of gold participation percent President price of gold private gold ownership problem prohibit Public Law purchase question Racz recession regulations regulatory restrictions Reuss sale of gold Secretary SIMON sell gold speculation statement subcommittee Thank tion trade in gold United World Bank
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Page 24 - Arizona asked and was given permission to address the House for 1 minute and to revise and extend his remarks and include extraneous matter. ) Mr.
Page 70 - Treasury not otherwise appropriated, at such rates and upon such terms and conditions as he may deem most advantageous to the public interest; any.
Page 16 - No provision of any law In effect on the date of enactment of this Act, and no rule, regulation, or order under authority of any such law, may be construed to prohibit any person from purchasing, holding, selling, or otherwise dealing with gold.
Page 17 - Taking these factors into account makes composting appear very favorable indeed. But even if the cost were greater it would be money well spent. At this point I would like to introduce into the record an article regarding the use of the water-hyacinth in cleaning over-enriched lakes in Florida.9 It has been brought to my attention as I sat typing this paper ! IV.
Page 19 - The SPEAKER. Is there objection to the request of the gentleman from Texas? There was no objection. Mr.
Page 16 - Stat. 352) are repealed and in lieu thereof add the following : "(b) No provision of any law in effect on the date of enactment of this Act, and no rule, regulation, or order in effect on the date subsections (a) and (b) become effective may be construed to prohibit any person from purchasing, holding, selling, or otherwise dealing with gold in the United States or abroad.
Page 61 - It shall be unlawful for any person to offer to enter into, enter into, or confirm the execution of, any transaction involving any commodity, which is or may be used for (1) hedging any transaction in interstate commerce in such commodity or the products or byproducts thereof, or (2) determining the price basis of any such transaction in interstate commerce in such commodity, or (3) delivering any such...
Page 40 - Liquif ication 5 Shale Oil Plants 6 New Mines Surface Private Lands 3 Federal Lands 5 Underground Private Lands 5 Federal Lands 5-6 New OCS Oil Fields 2-4 New Onshore Oil Fields 1-3 Geothermal Electric 5 Hydroelectric 20 There are several factors contributing to long leadtimes, including local and...
Page 17 - America of the greatest part of the world's gold. We consider it is necessary that international trade should rest, as before the two World Wars, on an undisputable monetary basis bearing the mark of no particular country. What basis? Indeed, there can be no other criterion, no other standard, than gold — gold that never changes, that can be shaped into ingots...
Page 69 - ... markets, an informal gold selling arrangement be arranged among the group of central banks that are members of the BIS or are associated with it. Under the arrangement, each member of the group (Belgium, France, Germany, Italy, The Netherlands, Switzerland, the United Kingdom and the United States) undertook to supply an agreed proportion of such net gold sales to stabilize the market as the Bank of England, as agent for the group, determined to be appropriate. The US share was 50 percent. This...