HERBERT R. O'CONOR,, GOVERNOR. 31

United States Government, and (ii) no part of the net earn-
ings of such association inures (other than through such pay-
ments) to the benefit of any private shareholder or individual;

(5) Service performed in any calendar quarter in the em-
ploy of a school, college, or university, not exempt from income
tax tinder Section 101 of the Federal Internal Revenue Code,
if such service is performed by a student who is enrolled and
is regularly attending classes at such school, college, or uni-
versity, and the remuneration for such service does not ex-
ceed $45 (exclusive of room, board, and tuition);

(K) Service performed in the employ of a foreign govern-
ment (including service as a consular or other officer or em-
ployee or a nondiplomatic representative);

(L) Service performed in the employ of an instrumentality
wholly owned by a foreign government—

(1) If the service is of a character similar to that performed
in foreign countries by employees of the United States Govern-
ment or of an instrumentality thereof; and

(2) If the Board finds that the United States Secretary of
State has certified to the United States Secretary of the Treas-
ury that the foreign government, with respect to whose instru-
mentality exemption is claimed, grants an equivalent exemp-
tion with respect to similar service performed in the foreign
country by employees of the United States Government and of
instrumentalities thereto;

(M) Service performed as a student nurse in the employ of
a hospital or a nurses' training school by an individual who
is enrolled and is regularly attending classes in a nurses' train-
ing school chartered or approved pursuant to State law; and
service performed as an interne in the employ of a hospital by
an individual who has completed a four years' course in a
medical school chartered or approved pursuant to State law; or

(N) Service performed by an individual for a person as an
Insurance agent or as an insurance solicitor, if all such service
performed by such individual for such person is performed for
remuneration solely by way of commission.

19. (g) (8) Included and Excluded Service. If, after
December 31, 1940, the services performed during one-half or
more of any pay period by an individual for the person em-
ploying him constitute employment, all the services of such
individual for such period shall be deemed to be employment;
but if the services performed during more than one-half of any
such pay period by an individual for the person employing
him do not constitute employment, then none of the services
of such individual for such period shall be deemed to be em-
ployment. As used in this sub-section the term "pay period"
means a period (of not more than thirty-one consecutive days)