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8. Payment of unclaimed moneys.-Payments are made to individuals who establish their right to moneys held in trust pending claims of owners.
Unclaimed moneys of individuals whose whereabouts are known.--Amounts are held in trust awaiting settlement of allowances of claims (31 U.S.C. 725).
Matured obligations of the District of Columbia.-Funds from inactive accounts are transferred to this account to meet matured obligations of the District of Columbia when and if presented (31 U.S.C. 725s). As of June 30, 1963, there was a balance of $8 thousand in the fund.
To promote the education of the blind.--The $250 thousand uninvested credit, on the books of the Treasury, is an unexpendable endowment fund established to promote the education of the blind in the United States. A permanent annual appropriation of $10 thousand being equivalent to 4% on the principal, is paid to the American Printing House for the Blind (20 U.S.C. 101).
Object Classification in thousands of dollars)
Hungarian claims fund.
ment of the Philippines...
whereabouts are known...
Losses in melting gold.
Payment of unclaimed moneys.
Program and Financing (in thousands of dollars)
1-4. Foreign claims settlement.--The Foreign Claims Settlement Commission is authorized to adjudicate claims of American nationals against Bulgaria, Czechoslovakia, Hungary, Italy, Mexico, Panama, Poland, Rumania, Soviet Union, and Yugoslavia. Upon certification by the Commission, the Secretary of the Treasury is authorized to make payments on awards.
5. Losses in melting gold.-Out of the receipts to be covered into the Treasury under section 7 of the Gold Reserve Act of 1934, an amount is made available sufficient to cover the difference between the value of gold as carried in the general account of the Treasurer of the United States and the value of such gold after melting and refining (48 Stat. 1061).
6. National defense conditional gift fund.--The Secretary of the Treasury accepts on behalf of the United States, conditional gifts of money or other intangible property to be used for a particular defense purpose. Intangibles other than money, are converted at the best terms available. The moneys held in trust are paid to those appropriation accounts which best effectuate the intent of the donors (68 Stat. 566).
7. Payment of pre-1934 bonds of the Government of the Philippines.--This trust account provides for payment of principal and interest on outstanding bonds of the Philippines, provinces, çities, and municipalities issued prior to May'1, 1934, under authority of acts of Congress. The value of unmatured outstanding bonds is $639 thousand (22 U.S.C. 1393(g) (5)). These outstanding bonds matured on July 1, 1963.