I hereby promulgate the Law for Partial Amendment to the Foreign Trade Public Corporation Law.
Signed:HIROHITO, Seal of the Emperor
This thirty-first day of the third month of the twenty-fourth year of Showa (March 31, 1949)
Prime Minister YOSHIDA Shigeru
Law for Partial Amendment to the Foreign Trade Public Corporation Law
The Foreign Trade Public Corporation Law (Law No.58, 1947) shall be partially amended as follows:
In Art.2 Par.1,"
The Foreign Trade Public Corporation for Foodstuff,"and |
"The Foreign Trade Public Corporation for Raw Materials |
"shall be deleted.
In Art.4 Par.1,"
The Foreign Trade Public Corporation for Foodstuff |
\15,000,000,"and |
"The Foreign Trade Public Corporation for Raw Materials |
\15,000,000 |
"shall be deleted.
In Art.16 Par.3, "The Foreign Trade Public Corporation for Raw Materials" shall read "The Foreign Trade Public Corporation," and in the same Article, Paragraph 2 shall be deleted.
Supplementary Provisions:
1. The present Law shall come into force as from April 1, 1949.
2. The Foreign Trade Public Corporation for Foodstuff and the Foreign Trade Public Corporation for Raw Materials shall be dissolved as of the date as prescribed in the preceding paragraph.
3. Within the purview of liquidation purpose, the Foreign Trade Public Corporation for Foodstuff and the Foreign Trade Public Corporation for Raw Materials shall be deemed to survive up to conclusion of liquidation thereof, even after dissolution.
4. Of the assets and liabilities belonging to the Foreign Trade Public Corporation for Foodstuff and the Foreign Trade Public Corporation for Raw Materials in progress of liquidation, those which exist as of June 30, 1949, shall be succeeded by the Foreign Trade Fund Special Acount.
5. Necessary provisions other than the three preceding paragraphs regarding dissolution of the Foreign Trade Public Corporation for Foodstuff and the Foreign Trade Public Corporation for Raw Materials shall be prescribed by Cabinet Order.
6. Regarding application of the penal clauses to the conducts committed by the Foreign Trade Public Corporation for Foodstuff and the Foreign Trade Public Corporation for Raw Materials before the date as prescribed in Par.1, the former provisions shall still be effective in spite of the amended provisions of Art.2 of Foreign Trade Public Corporation Law.
Prime Minister YOSHIDA Shigeru
Minister of Finance IKEDA Hayato
Minister of Commerce and Industry INAGAKI Heitaro