The Stone Money of Yap - Smithsonian Institution

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TRUST TERRITORY OF THE PACIFIC ISLANDS YAP ISLANDS CONGRESS FALL SESSION 1965 RESOLUTION NO. 10-65: LEVYING A TAX ON THE TRANSFER OF TRADITIONAL YAPESE MONIES AND OTHER VALUABLES AND CONTROLLING THE EX PORT THEREOF, AND FOR OTHER PURPOSES. BE IT ENACTED BY THE YAP ISLANDS CONGRESS THAT: Section 1. In order for any citizens of the Trust Territory resident in Yap Islands Proper to sell or give to any business establishment or any person who is not a citizen of the Trust Territory resident in Yap Islands Proper any traditional Yapese money or other valuables, it shall be necessary for the seller or the donor to first obtain a transfer of ownership document. Such document shall state the name or title of the money or the valuable, if any, and the selling price, or in the case of a gift, the estimated value of the money or other valuables. Such transfer of ownership document shall be cosigned by the Magistrate of his Municipality and the Paramount Chief of his village, and also by the District Administrator. The transfer of ownership of the money or other valuable shall become effective when the seller or donor thereof certifies on the document that he has received the stated selling price or has made the stated gift, as the case may be. The District Administrator shall notify the District Treasurer of any such document which he signs. Section 2. The District Treasurer is authorized to prescribe the form of the transfer of ownership document. Section 3. There is hereby levied upon the sale, as prescribe in Section 1 above, of traditional Yapese money and other valuables a tax of fifty per cent (50%) of the selling price. Such tax shall be paid by the seller of any Yapese money or other valuables within seven (7) days after such sale is transacted. The tax shall be paid to the District Treasurer. Section 4. There is hereby levied upon the giving, as described in Section 1 above, of traditional Yapese money and other Appendix 2 Yap Islands Congress, Resolution No. 10—65 26 valuables a tax of twenty-five per cent (25%) of the estimated value thereof. Such estimated value shall be determined by enactment of Yap Islands Congress. The tax levied hereunder shall be paid by the donor of any Yapese money or other valuables within seven (7) days after the gift thereof is made. The tax shall be paid to the District Treasurer. Section 5. In order to remove from the Yap Islands any traditional Yapese money or other valuables, the bearer or shipper thereof must have in his possession a document, prescribed by Section 1 above, certifying the ownership thereof. The District Administrator may prevent any person from shipping, carrying or otherwise removing any traditional Yapese money or other valuables for which such person does not have a properly signed document of ownership. Section 6. The provisions of this Resolution shall not apply to Yapese cultural objects presently being manufactured for sale or other disposition. Section 7. PENALTY. Any person who violates any provisions of this Resolution shall, upon conviction thereof, be punished by a fine of not more than five hundred dollars ($500.00) or by imprisonment not to exceed six (6) months, or both. Section 8. This law shall take effect upon approval of the High Commissioner of the Trust Territory of the Pacific Islands. Passed by the Yap Islands Congress this 19th day of November, 1965. /s/ Joachim Falmog President, Yap Islands Congress /s/ Maynard Neas District Administrator, Yap /s/ Mangarfir, Jesus Secretary, Yap Islands Congress APPROVED THIS 11th DAY OF March, 1966. January 12, 1966 Date /s/ M. W. Goding High Commissioner, Trust Territory of the Pacific Islands
Appendix 3 Yap District Code, Part B, Traditional Property YAP DISTRICT CODE PART B. TRADITIONAL PROPERTY: (Sections 7100-7199) Section 7100. REGULATION OF TRANSFER OF OWNERSHIP. In order for any citizen of the Trust Territory resident in the Yap District to sell or give to any business establishment or any person who is not a citizen of the Trust Territory any traditional Yapese money or valuables, it shall be necessary for the seller or the donor to first obtain a transfer of ownership document. Such document shall state the name or title of the money or the valuable, if any, and the selling price, or in the case of a gift, the estimated value of the money or the other valuable. Such transfer of ownership shall be signed by the Magistrate of his municipality or the Paramount Chief of his village, or his island, and co-signed by the District Administrator. The transfer of ownership of the money or the other valuable shall become effective when the stller or the donor 27 thereof certifies on the document that he has stated the selling price or has made the stated gift, as the case may be. The District Administrator shall notify the District Treasurer of any such document which he signs. The District Treasurer is authorized to prescribe the form of the transfer of ownership document. Section 7101. REMOVAL FROM YAP DISTRICT. In order to remove from the Yap District any traditional Yapese money or valuable, the bearer or shipper thereof must have in his possession a document, prescribed by Section 7100, certifying the ownership thereof. The District Administrator may prevent any person from shipping, carrying or otherwise removing any traditional Yapese money or other valuable for which such person does not have a properly signed document of ownership. Section 7102. EXCEPTIONS. The provisions of Section 7100 and 7102 shall not apply to Yapese cultural objects presentiy being manufactured for sale or other disposition.
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Page 20 and 21: 10 SMITHSONIAN STUDIES IN HISTORY A
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Page 71 and 72: NUMBER 23 61 FIGURE 8.—Rai number
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Page 81 and 82: NUMBER 23 FIGURE 26.—Rai number 8
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Page 85: NUMBER 23 U. S. GOVERNMENT PRINTING

The Stone Money of Yap - Smithsonian Institution

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