SECTION 79. That the American Reserve Bank shall, on the first days

of January and July of each year during the life of the 2 per centum

United States consols up to nineteen hundred and thirty, pay into the

Treasury of the United States an amount of cash in equal payments which

shall be equal to 1 per centum per annum of all the United States 2 per

centum bonds or consols now aggregating about seven hundred and thirty

million dollars.