Page:United States Statutes at Large Volume 45 Part 1.djvu/309

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258 Exception . Post, p . 274. Pro rata reduction if tentative awards exceed aggregate authorized . Awards to be certi- fied . Payment directed . Interest allowed on unpaid cl aims . Payments fr om Ger- man spec ial deposi t fund . Post, p . 260 . No payment to Ger- man Gover nment, but award cre dited upon final payments due for Mixed Claims awards . Time for making ap- plications . Payment to benefi- ciary direct . Exce ption s . To legal represent- ative of deceased etc ., person . To terminated part- nerships, etc . To receiver or trustee. To ass ig nee of an award . SEVENTIETH CONGRESS . SESS. I . Cs. 167. 1928. term of office of the Arbiter) and (2) the aggregate consideration paid by the United States in respect of the acquisition of such vessels and radio stations, and the use, license, assignment, and sale of such paten ts (other tha n consideratio n which is re turned to the United S tates under sectio n 27 of the Tradi ng wi th the Enemy Act, as amended) . (f) If the aggregate amount of the tentative awards exceeds the amount which may be awarded under subsection (e ), the Ar bit er shall reduce pro rata the amount of each tentative award . The Arbiter shall enter an award of the amount to be paid each claimant, and thereupon shall certify such awards to the Secretary of the Tr easury . (g) The Secretary of the Treasury is authorized and directed to pay the amount of the awards certified under subsection (f) . (h) The Secretary of the Treasury is authorized and directed to pay annually (as nearly as may be) simple interest, at the rate of 5 per centum per annum, upon the amount of any such award remain- ing unpaid, beginning January 1, 1929, until paid . (i) The payments in respect of awards under this section shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe, but only out of the German special deposit account created by section 4, within the limitations hereinafter pre- scribed, and in the order of priority provided in subsections (c) and (d) of section 4 . (j) The Secretary of the Treasury shall not pay any amount in respect of any award made to or on behalf of the German Govern- ment or any member of the former ruling family, but the amount of any such award shall be credited upon the final payment due the United States from the German Government for the purpose of satisfying the awards of the Mixed Claims Commission . (k) No payment shall be made under this section unless applica- tion therefor is made, within two years after the date the award is certified, in accordance with such regulations as the Secretary of the Treasury may prescribe . Paym ent' of any amount in respect of any award may be made, in the discretion of the Secretary of the Treasury, either in the United States or in Germany, and either in money of the United States or in lawful German money, and shall be made only to the person on behalf of whom the award was made, except that- (1) If such person is deceased or is under a legal disability, pay- ment shall be made to his legal representative, except that if the payment is not over $500 it may be made to the persons found by the Secretar y of the Trea sury to be en titled thereto , without the necessity of compliance with the requirements of law in respect of the administration of estates ; (2) In the case of a partnership, association, or corporation, the existence of which has been terminated, payment shall be made, except as provided in paragraphs (3) and (4) , to the persons found by the Secre tary of the T reasury to be entitled ther eto ; (3) If a receiver or trustee for the person on behalf of whom the award was made has been duly appointed by a court of competent jurisdiction and has not been discharged prior to the date of pay- ment, payment shall be made to the receiver or trustee or in accord- ance with the order of the court ; and (4) In the c ase of an ass ignment of an award, or of an assign- ment (prior to the making of the award) of the claim in respect of which such award was made, by a receiver or trustee for any such person, duly appointed by a court of c ompetent juris diction, pay- ment shall b e made to the assignee .