Herbert Hoover actually said...

Section 524 as so amended shall become effective January 1, 1932; but for the period from January 1, 1932, to June 30, 1932, the accounts of consular agents for tonnage fees for regularly documented American vessels running regularly, making weekly or monthly trips, or otherwise, to or between foreign ports, shall be settled on the basis of the first two trips of such vessels.

10/21/1931

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