Section 3
SEC. 3. The Secretary of the Interior may appoint in each province or subprovince an exchange officer or officers or designate any other officer or employee of the Government, the consent of the respective head of Department in any such case having previously been had, to assume the duties of an exchange officer, with or without additional compensation to be fixed by the provincial board, with the approval of the Secretary of the Interior. The duties of such exchange officer shall be to determine the kinds of merchandise and products to be dealt in by the trading system, fix the selling and purchase prices, and supervise the purchase and sale thereof, respectively, and perform such other duties, not pertaining to accountability, as the Secretary of the Interior may require: Provided, That the exchange officer shall give immediate advice to the provincial treasurer of any goods ordered for future delivery and payment: And provided further, That in the absence of an exchange officer duly appointed or designated to act by the Secretary of the Interior, the duties of said officer, in so far as they may pertain to the conduct and management of the trading system, shall be performed by the provincial treasurer. An exchange officer or officers, who are not Government employees shall be paid from trading system funds or from provincial funds subject to reimbursement out of trading system funds, such salary as the provincial board shall fix and the Secretary of the Interior approve. The exchange officer shall be deemed a bonded officer within the meaning of section six of Act Numbered Twenty-four hundred and thirty-six.