I hereby promulgate the Law concerning the Measures to be taken in consequence of the Abrogation of the Temporary Funds Adjustment Law. Signed:HIROHITO, Seal of the Emperor This seventh day of the fourth month of the twenty-third year of Showa (April 7, 1948) Prime Minister ASHIDA Hitoshi Law No.21 In the case where the Industrial Bank of Japan issues debentures for the purpose of converting such debentures that were issued on and before March 25, 1948, such issuance may be made without being subject to the limitation as prescribed by the provisions of Article 12 of the Industrial Bank of Japan Law. Industrial Bank Debentures which belong to the Gold Funds Special Account at 00.00 hour of March 26, 1948, may be held on the Gold Funds Special Account until the time when such debentures are disposed of. In the case where the Central Bank of Commercial and Industrial Unions issues debentures for the purpose of converting such debentures that were issued on and before March 25, 1948, such issuance may be made beyond the limitation as prescribed by the provisions of Article 31 of the Central Bank of Commercial and Industrial Unions Law. In this case, the provisions of Paragraph 2 of Article 33 of the said Law shall not apply thereto. As regards securities what were issued under the provisions of Paragraph 1 of Article 10-(4) of the Temporary Funds Adjustment Law, or Paragraph 1 of Article 10-(5) thereof, savings that were handled under the provisions of Article 10-(7) of the said Law, or that were made under the provisions of Paragraph 1 of Article 10-(10) of the said Law, evidences that were sold out under the provisions of Paragraph 1 or Paragraph 2 of Article 10-(12) and Savings debentures and Hokoku debentures that were issued under the provisions of Paragraph 1 of Article 13 of the said Law on and before March 25, 1948, such securities shall remain valid to the full extent provided for under the said Law. The above shall apply to savings as prescribed by Article 10-(7) of the Temporary Funds Adjustment Law, with respect to which the Government took disposition on and before March 25, 1948, to have the same handled, but which will be handled according to such disposition by such person as prescribed by the provisions of the said Article after the enforcement of the present Law, and to evidences as prescribed by Paragraph 1 of Article 10-(12) of the said Law, with respect to which the Government, To, Do and Prefecture took disposition, on and before March 25, 1948, to have the same sold out at the auction, but which will be sold out according to such disposition after the enforcement of this Law by a juridical person as prescribed by an order issued under Paragraph 1 or Paragraph 2 of the same Article. The Funds Absorption Counter-Measures Committee shall hereby be dissolved. As regards applications of penal provisions to any act that has been made prior to the enforcement of this Law, or to any act that will be made after the enforcement of this Law with respect to savings and evidences as prescribed by Paragraph 4 or evidence as prescribed by Paragraph 5, penal provisions applied heretofore shall remain valid to the full extent. The provisions of Article 20 of the Temporary Funds Adjustment Law shall still be held effective for the time being. The provisory clause of Article 31-(4) of the Hypothec Bank of Japan Law shall not apply for the time being. Supplementary Provision: The present Law shall apply as from the day of abrogation of the Temporary Funds Adjustment Law. Minister of Finance KITAMURA Tokutaro Prime Minister ASHIDA, Hitoshi