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FEDERAL
VOLUM E 7

REGISTER
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PRO CLAM ATIO N 2559
E x t e n d in g T it l e III, P ar t I, o f t h e T r a n spo r ta t io n A ct o f 1940
BY THE PRESIDENT OF THE UNITED STATES
OF AMERICA
A PROCLAMATION

WHEREAS T itle IH , P art I, of the Transportation Act o f 1940, enacted Sep tember 18,1940 54 Stat, 89, established a Board of Investigation and Research to investigate and report tcf the President and to the Congress its findings and rec ommendations upon certain subjects of importance to national, transportation, including the relative economy and fit ness of carriers by railroad, motor car riers and water carriers and the service for which each type of carrier is espe cially fitted or unfitted; the methods by which each type of carrier should be developed to provide a national trans portation system adequate for commerce, the Postal Service and the national de fense; the extent of public aid provided for such carriers; the extent to which such carriers are taxed; and other m at ters deemed important to investigate for the improvement o f transportation con ditions and to effectuate the national transportation policy; and W HEREAS the provisions of T itle IH , Part I, of the aforesaid Act will cease to have effect at the end of two years after enactment unless extended, in accord ance with the provisions of section 306
thereof, by a proclamation o f the Presi dent; and W HEREAS the members of the afore said Board assumed office August 22,1941, and it appears that their duties cannot be adequately performed unless Title in , Part I of the aforesaid Act shall continue to have effect for an additional period of two years; and WHEREAS an efficient transportation system is essential to the nation in peace and war, and the national interest re quires the development of informed
NUM BER 127

AflTEO

Washington The President

, Tuesday, June 30, 1942

policies by which such a system may be promoted, strengthened and maintained;
NOW, THEREFORE, I, F R A N K L IN D.
ROOSEVELT, President o f the United States o f America, acting under and by virtue of the authority vested in me as set forth above, do proclaim that T itle m , P art I, of the Transportation Act o f 1940 is extended and shall continue to have effect until September 18,1944.
IN W ITN E SS W H EREO F I have here unto set my hand and caused the seal o f the United States of America to be affixed.
DONE at the City o f Washington this 26th day of June, in the year o f our Lord nineteen hundred and forty-two, seal and of the Independence of the United States of America the one hundred and sixty-sixth.
F r a n k l in D R o o sevelt By the President:
C ordell H u l l ,
Secretary of State.
F. R. Doc. 42-6031; Filed, June 27. 1942;
10:43 a. m.

CONTENTS
TH E PR E SID E N T
P r o c l a m a t io n :

Page
Transportation Act o f 1940, ex tension of effectiveness of T itle in , Part I _ _ _ _______
R E G U LATIO N S
A g r ic u lt u r a l
M a r k e t in g A d m in

is t r a t io n :

Flue-cured tobacco, designation of markets_______ __________
District 8, m i n i m u m price schedule amended_________
Fischer, Idaho, inclusion in list of destinations_____________

Chapter IFarm Credit Administration
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4831

C o m m o d it y C r edit C o r p o r a t io n :

Cotton sales for export program, terms and conditions______

4810

C ustom s B u r e a u :

Effective date of certain amend ments postponed___________

4824

F a r m C r edit A d m in is t r a t io n :

Federal Land Bank o f St. Louis, prepayment fees___________
1943 wheat crop insurance____

T IT L E 6AG R IC U LTU R AL CREDIT

4811

B it u m i n o u s C o al D i v i s i o n :

F ederal C ro p I n s u r a n c e C orpora t io n :

Regulations
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4809

4811

F ederal P o w e r C o m m is s io n :

Filing of rates schedules, etc., by:
Electric Utilities, licensees, and others_______________
Natural gas companies______

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4824

F ederal T rade C o m m is s io n :
P art 26 F ederal L and B a n k o f S t . L o u is PREPAYMENT FEES

Section 26.7 of T itle 6, Code of Federal Regulations is amended to read as fo l lows:
26.7 Prepayment tees. I f in any one year during the first five years a loan is in force, the borrower, through the refi nancing o f the loan from a non-Government lending source, makes special prin cipal payments in excess of one-fifth of the original amount of the loan, a pre payment fee win be charged the borrower in a sum equal to 1 % per annum on the amount o f such excess for each year or
Cravex Co., et al., cease and de sist order___________________
Ribbon industry, trade practice ru les_______________________

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4820

F is h a n d W il d l if e S e r v ic e :

Carolina Sandhills N a t i o n a l W ildlife Refuge, S. C., fish ing_________________________

4859

I n d ia n A ffair s O f f ic e :

Licensed Indian traders, bond requirements_______________

4825

I nternal R evenue B u r e a u :

Capital stock tax, extension of time for filing and pay m ent_______________________
Continued on next page
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