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(T.D. 78-85)

Foreign Currencies-Daily Rates for Countries Not On Quarterly List

Rates of exchange certified to the Secretary of the Treasury by the Federal Reserve Bank of New York for the Hong Kong dollar, Iran rial, People's Republic of China yuan, Philippines peso, Singapore dollar, Thailand baht (tical)

DEPARTMENT OF THE TREASURY,

OFFICE OF THE COMMISSIONER OF CUSTOMS,

Washington, D.C., March 8, 1978.

The Federal Reserve Bank of New York, pursuant to section 522(c), Tariff Act of 1930, as amended (31 U.S.C. 372(c)), has certified buying rates in U.S. dollars for the dates and foreign currencies shown below. These rates of exchange are published for the information and use of Customs officers and others concerned pursuant to Part 159, Subpart C, Customs Regulations (19 CFR 159, Subpart C).

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Thailand baht (tical):
February 20, 1978__
February 21-24, 1978___

(LIQ-3)

(T.D. 78-86)

Holiday
$0.0490

W. D. SLYNE,

for JOHN B. O'LOUGHLIN, Director

Duty Assessment Division.

Foreign Currencies-Certification Of Rates

Rates of exchange certified to the Secretary of the Treasury by the
Federal Reserve Bank of New York

DEPARTMENT OF THE TREASURY,

OFFICE OF THE COMMISSIONER OF CUSTOMS,

Washington, D.C., March 8, 1978.

The Federal Reserve Bank of New York, pursuant to section 522(c), Tariff Act of 1930, as amended (31 U.S.C. 372(c)), has certified the following rates of exchange which varied by 5 per centum or more from the quarterly rate published in Treasury Decision 78-25 for the following countries. Therefore, as to entries covering merchandise exported on the dates listed, whenever it is necessary for Customs purposes to convert such currency into currency of the United States, conversion shall be at the following rates:

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(T.D. 78-87)

Cotton, Wool, and Manmade Fiber Textile Products-Restriction on

Entry

Restriction on entry of cotton, wool and manmade fiber textile products manufactured or produced in the Republic of Korea

DEPARTMENT OF THE TREASURY,

OFFICE OF THE COMMISSIONER OF CUSTOMS,
Washington, D.C., March 14, 1978.

There is published below a directive of December 27, 1977, received by the Commissioner of Customs from the Chairman, Committee for the Implementation of Textile Agreements, concerning restriction on entry of cotton, wool, and manmade fiber textile products in certain categories manufactured or produced in the Republic of Korea.

This directive was published in the FEDERAL REGISTER on December 30, 1977 (42 FR 65246), by the Committee. (QUO-2-1)

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Under the terms of the Arrangement Regarding International Trade in Textiles done at Geneva on December 20, 1973, pursuant to the Bilateral Cotton, Wool and Man-Made Fiber Textile Agreement of December 23, 1977, between the Governments of the United States and the Republic of Korea, and in accordance with the provisions of

Executive Order 11651 of March 3, 1972, you are directed to prohibit, effective on January 1, 1978 and for the twelve-month period extending through December 31, 1978, entry into the United States for consumption and withdrawal from warehouse for consumption of cotton, wool and man-made fiber textile products in the following categories in excess of the indicated levels of restraint:

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In carrying out this directive, entries of cotton, wool and man-made fiber textile products in Categories 333, 334, 335, 338, 339, 410, 443, 633, 634, 635, 638, 639, 640, 641, 643, 645, and 646, produced or manufactured in Korea and exported to the United States prior to January 1, 1978, shall be charged against the levels of restraint established for such goods during the twelve-month period beginning on January 1, 1978. When the data are available, adjustments to account for cotton, wool and man-made fiber textile products which have been exported prior to January 1, 1978 and are chargeable to any unfilled balances remaining from the previous agreement year, will be made to you by further letter. Merchandise exported prior to January 1, 1978 in categories other than those listed immediately above will not be subject to this directive.

The levels of restraint set forth above are subject to adjustment pursuant to the provisions of the bilateral agreement of December 23, 1977, between the Governments of the United States and the Republic of Korea which provide, in part, that: (1) within the aggregate and applicable group limits, specific levels of restraint may be exceeded by designated percentages; (2) these same levels may be increased for carryover and carryforward up to 11 percent of the applicable category limit; (3) consultation levels may be increased within the aggregate and applicable group limits upon agreement between the two governments; and (4) administrative arrangements or adjustments may be

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