f6TH Congress ) HOUSE
Xst Session )
NTATIVES
Document
18
CONTINUATION OF SECTION 10 OF THE GOLD RESERVE
ACT OF 1934
COMMUNICATION
THE PRESIDENT OF THE UNI
Speaker of ike House oj nepn
My Dear Mr. Speaker: The powers
the Gold Reserve Act of 1934, as amended, dealing
don fund, and the powers specified in paragraph (b)
title IH, of the act approved May 12, 1933, as amended, relating to
fixing of the metallic content of the dollar, will expire on June
>wers
forward international monetary and
obvious, however, that the international
monetary ana economic situation is still such that it would not be
safe to permit such powers to be terminated. I believe the sound and
wise policy to pursue under the circumstances is to eS
liters until January 15, 1941.
the Treasury and other representatives of the
i&ll be available to discuss with the appropriate
< n: i : ! u r ;$ of Congress tmjfproblems relat"
• truly yours,