3. Time drafts covering shipments to the Virgin Islands, the
Philippines and Porto Rico.
4. Time drafts directly covering exports to a foreign country,
and constituting an inherent, necessary and bona fide part of
the actual process of exportation.
5. Time drafts drawn on domestic banks against export shipments
delivered to the first carrier for transportation, covering the
period of transit from the interior point to the seaboard.
6. Drafts drawn abroad on a foreign drawee with a foreign
payee, passing through a bank in the United States in the
course of collection unless delivered by an agent of the drawer
to an agent of the payee within the United States.
_Promissory Notes_
The following promissory notes and renewals of the same are included
among instruments taxable: