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FEDERAL
VOLUME 13

.

REGISTER

1934

fi
U n it e d

NUMBER 247

Washington, Tuesday, December 27, 1948

TITLE 6 AGRICULTURAL CREDIT
Chapter It Production and Market ing Administration Commodity Credit Corporation 1948 Cotton Loan Instructions, Supp. 5
P abt
256 C o t t o n L o a n s ad v a n c e l o a n s
The 1948 Cotton Loan Instructions 1948 C. C. C. Cotton Form 1 13 F. R.
4338, as amended, are hereby further amended by adding 256.244 to read as follows:
256.244 Advance loans secured "by chattel mortgages, a
Commodity Credit. Corporation hereinafter called CCC will make advance loans avail able to producers on cotton stored in ap proved farm structures and off-the-farm structures in areas where producers are experiencing difficulty in securing loans under the regular 1948 Cotton Loan Pro gram because of. undue delay in the classi fication of their cotton by Boards of Cotton Examiners of the United States Department of Agriculture. Loans un der the program will be available upon the terms and conditions stated in 256.221 to 256.237, 256.240, and 256.241, except as follows:
1 Loans will be available to produc ers only in those States and counties in which a determination has been made by the appropriate State PMA Committee that a need for the program exists and only during the period in which the Com mittee determines that the program is needed. Upon making a determination that the program is needed, the State PMA Committee will notify the County Agricultural Conservation Committees hereinafter called county committees
for the counties in which the loans will be available. When the State PMA Com mittee determines that the program is no longer needed, it will instruct the county committees to discontinue the program.
2 in order to be eligible for a loan, cotton must not have been classed by a Board of Cotton Examiners and must otherwise meet the requirements speci fied in paragraph b of 256.221.
3 The amount of the loan on each bale will be $50.
4 Loans may be obtained only through county committees. Producers who wish to obtain loans must store their
cotton in the structures for which ap CONTENTS
proval is to be requested. County com mittees will inspect the storage struc Agriculture Department Page tures and, after approval of such struc See also Commodity Credit Corpotures, will assist the producers in the ration; Farmers Home Adminis preparation and execution of Cotton Pro tration ; Rural Electrification ducers Notes, Cotton Chattel Mortgages Administration.
and Cotton Mortgage Supplements. The Notices:
Cotton Chattel Mortgage will cover the Organization and functions, O f amount of the loan and any additional fice of Budget and Finance__8164
amount loaned to the producer on the Proposed rule making:
cotton at a later date. The county com Milk handling, Greater Boston mittees will collect a fee from the pro area___---------------------------- 8156
ducer for preparation of documents, not Rules and regulations:
to exceed the fees specified in 256.227.
Louisiana sugarcane; determi A classification fee o f 20 cents per bale nation of fair and reasonable will also be collected from the producer.
prices, 1948___________ ___ __ 8128Service fees and deposits will not be col Meats, prepared meats, and lected on advance loans. The county meat products; evidence of committee will disburse the amounts of grade ------- ,1_____ ;__________ 8127
loans by issuing sight drafts on CCC.
5 It is anticipated that producers Peanuts:
Apportionment of national will ordinarily repay their loaps by con acreage allotment, 1949____ 8127
verting them to loans under the regular Marketing quota, 1949_______ 8128
1948 Cotton Loan Program, s provided in paragraph b o f this section. How Alien Property, Office of ever, where a producer does not wish to Notices:
follow this method, he may repay a loan Vesting orders, etc.:
by payment to the county committee Bayer, Margarete, et al______ 8167
from which the loan was obtained of the Berliner Handelsgesellschaft- 8168
amount due on the loan plus service fees.
Brutsche, Helmuth__________ 8171
The payment should be made by postal Feldtmann, Hennie_________ 8169
money order, cashiers check, or certified Minimax S. A _______________
8168
check, payable to Commodity Credit N. V. Nederlandsche Asbest Corporation. Upon receipt of payment, Matschappij Nedam ____ 8170
the county committee will mark the note National Allgemeine Versich Paid and return it to the producer.
erungs Gesellschaft_______ 8169
The Cotton Chattel Mortgage will also Schnorrenberger, Anna______ 8170
be released.
b When producers obtain the classi Civil Aeronautics Board Notices :
fication by a Board of Cotton Examiners New England Central Airways of cotton on which they have received System, Inc., and Northeast advance loans as provided above, they Airlines, Inc.; hearing on serv may obtain loans on such cotton under ice in New England States the regular 1948 Cotton Loan Program.
case---------------------- ;_______ 8166
The provisions of 256.221 to 256.237, 256.240, and 256.241 will be applicable Commodity Credit Corporation to such loans, except as follows:
Rules and regulations:
1 Loans may be obtained only Cotton loans; advance loans___ 8125
through county committees. The pro Customs Bureau ducer will contact the county committee Notices:
from which the advance loans were ob British Malaya, products; mark tained, and the county committee will ing of country of origin__ ___8162
assist the producer in the preparation Cuba ; shipments of wheat flour_ 8162
and execution of a Cotton Producers Rules and regulations:
Note to evidencethe loan. A Cotton Free-entry or reduced-duty doc Mortgage Supplement will be prepared uments; bonds and stipula by making the proper entries in Section tions for production of miss Continued on p. 8127
ing documents______________
8130
8125