Federal Register - September 7, 1949
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Source: Federal Register
XONAL
.
FEDERALI
VOLUME 14
l
ITTBB 1
UTTERA
SCRIPTA
REGISTER
NUMBER 172
Washington, Wednesday, September 7, 1949
TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C Loans, Purchases, and Other Operations
1949 C. C. C. C otton seed B u lle tin 1
P art 643 O ilseeds SUBPART 19 4 9 COTTONSEED LOAN PROGRAM
This bulletin states the requirements with respect to the 1949 Cottonseed Price Support Program formulated by Com modity Credit Corporation hereinafter referred to as CCC and the Production and Marketing Administration herein after referred to as PMA. Loans on eligible cottonseed produced in 1949 will be available in accordance with this bul letin. The program will be carried out by PMA under the general supervision and direction of the Manager, CCC.
Sec.
643.167
643.168
643.169
643.170
643.171
643.172
643.173
643.174
643.175
643.176
643.177
643.178
643.179
643.180
643.181
643.182
643.183
643.184
643.185
643.186
643.187
643.188
643.189
643.190
A d m in istration .
A vaila b ility o f loan s.
Approved len d in g agencies.
Eligible producer.
E ligib le cotton seed .
Approved farm storage.
Approved form s.
D eterm in a tion o f q u an tity.
Liens.
Service fees.
Set-offs.
In terest rate.
T ransfer o f producers eq u ity.
S afeguarding of th e cotton seed .
In su ran ce.
Loss or dam age to th e cotton seed .
P ersonal lia b ility.
M aturity an d sa tisfa ctio n .
R em oval o f th e cotton seed u nder loan.
R elease o f th e cotton seed under loan.
P urchase o f n o tes.
Loan an d se ttle m e n t rates.
C ooperative m ark etin g association loans.
PMA C om m odity Offices.
Au th o r ity : 643.167 t o 643.190, issu ed u n d er sec. 4 d Pub. Law 806, 80th Cong., in terp ret or ap p ly sec. 5 a , Pub. Law 806, 80th Cong., sec. 1 d , P ub. Law 897, 80th Cong.
643.167 Administration.
In the field, the program will be administered through State PMA committees, county agricultural conservation committees hereinafter referred to as county com mittees and PMA commodity offices.
Forms will be distributed through the offices of State and county committees.
County committees will determine or cause to be determined the quantity and grade of the cottonseed, the amount of the loan, and the value of the cottonseed delivered under a loan. All loan docu ments will be completed and approved by the county committee, which will re tain copies of all such documents. The county committee may designate in writ ing certain employees of the county agri cultural conservation association to exe cute on behalf of the committee any forms and documents in connection with this program.
643.168 Availability of loansa Area. Loans shall be available on eligible cottonseed in approved farm storage in all cotton producing areas, except that such loans will not be made in any area where the appropriate State PMA com mittee determines that the damage haz ard to farm-storage cottonseed would not warrant the making of farm-storage loans.
b Time, Loans shall be available through December 31, 1949. Notes and chattel mortgages must be signed by the producer and delivered to the county committee on or before such date.
c Source. Loans will be made available through the offices of county committees. Disbursements on loans will be made to producers by means of sight drafts drawn on CCC by county committees, or through approved lending agencies under agreements with CCC.
Disbursements on loans will be made not C on tin u ed on n ex t page
CONTENTS
Agriculture Department
Page
See Animal Industry Bureau;
Commodity Credit Corporation;
Entomology and Plant Quaran tine Bureau; Farm Credit Ad ministration; Production and Marketing Administration.
Alien Property, Office of
Notices:
Vesting orders, etc.;
Beier, Hugo------------------5513
Fassnacht, George M_______ 5514
Sadowsky, Katharina______ 5513
Tamaki, Kaoru____________ 5513
VanBergen, Anthony, et al__ 5514
Animal Industry Bureau
Rules and regulations:
Horses; recognition of breeds and books of record_________ 5505
Commerce Department
See International Trade, Office of.
Commodity Credit Corporation
Rules and regulations:
Oilseeds; 1949 cottonseed loan program ------------------------- 5501
Customs Bureau
Proposed rule making:
Currency conversion; instruc tions in cases where multiple rates of exchange are certified by Federal Reserve Bank of
New York _____________ 5511
Entomology and Plant Quaran tine Bureau
Rules and regulations:
Golden nematode suppressive program, 1949 season_______ 5504
Farm Credit Administration
Notices:
1V2 percent consolidated Fed eral farm loan bonds of O ct..
1, 1948-50; call for redemp- 1
tion by the twelve Federal land banks_______________ 5516
5501
