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THE WHITE HOUSE

                    Office of the Press Secretary
                         (New York, New York)
________________________________________________________________________
For Immediate Release                                 September 14, 1998

September 11, 1998

Presidential Determination No. 8-35

MEMORANDUM FOR THE SECRETARY OF STATE

THE SECRETARY OF THE TREASURY

SUBJECT:       Extension of the Exercise of Certain Authorities
               Under the Trading With the Enemy Act

Under section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), and a previous determination made by me on September 12, 1997 (62 Fed. Reg. 49729), the exercise of certain authorities under the Trading With the Enemy Act is scheduled to terminate on September 14, 1998.

I hereby determine that the extension for 1 year of the exercise of those authorities with respect to the applicable countries is in the national interest of the United States.

Therefore, pursuant to the authority vested in me by section 101(b) of Public Law 95-223, I extend for 1 year, until September 14, 1999, the exercise of those authorities with respect to countries affected by:

(1) the Foreign Assets Control Regulations, 31 CFR Part 500;

(2) the Transaction Control Regulations, 31 CFR Part 505; and

(3) the Cuban Assets Control Regulations, 31 CFR Part 515.

The Secretary of the Treasury is authorized and directed to publish this determination in the Federal Register.

WILLIAM J. CLINTON

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