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VOLUME 16

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NUMBER 178

Washington, Thursday, September 13, 1951
TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture
pasture land, and as so amended reads as follows:

CONTENTS

Agriculture Department Fa 381.7 Security requirements.
b A first lien on all crops growingSee Farmers Home Administra tion.
or to be grown. However, if the Farm Subchapter F Miscellaneous Regulations Civil Aeronautics Board ers Home Administration will make no P a r t 381 D i s a s t e r L o a n P r o g r a m Notices:
advance in connection with a particular MISCELLANEOUS AMENDMENTS
Trans-National Airlines, Inc.;
crop which is under lien as security for postponement of hearing____ 9290
advances made by another creditor, the 1. Paragraphs a 1 and b of Rules and regulations:
best lien obtainable will be taken on 381.5, Title 6, Code of Federal Regu Certification and operation such crop. When a loan is made to a lations 16 F. R. 3970 are amended to rules for scheduled air carrier tenant, the landlord will be required to authorize advances ta obtain pasture or operations outside the conti subordinate all his interest in crops grazing privileges, and to obtain the use nental limits of the U. S.;
being financed with the proceeds of the of farm buildings, and as so amended flight time limitations for loan, except, that at the discretion of read as follows:
pilots not regularly assigned the loan approving officer, the landlord 381.5 Loan purposes, a
to one type of crew__________
9280
may not be required to subordinate his 1 The purchase of feed, seed, ferti claim for rent for the year that is based Commerce Department lizer, insecticides, and fuel for tractors;
on a reasonable and customary share of iSee International Trade, Office of;
the payment of customary and equitable the crops to be produced and the custo National Production Authority.
charges for the use of farm buildings, mary and equitable charge for farm Economic Stabilization Agency pasture land, as well as grazing permits buildings or pasture lands, as provided See Wage Stabilization Board.
and fees; and for other essential farm for in a written lease or as evidenced by and home operating expenses.
memorandum on Form FHA-32, Sub Farmers Home Administration

ordinate Agreement, or similar form.
Rules and regulations:
Disaster loan program; miscel b Disaster loans will not be made State Directors also are authorized to waive the requirement that the landlord laneous amendments________ 9279
for the purpose of refinancing existing subordinate his interest with respect to debts, either secured or unsecured; or, Federal Power Commission borrowers paying cash or standing rent Notices:
for the payment of cash rent on crop when 1 a loan is being made to an land.
Hearings, etc.:
applicant already indebted on a Disaster Colorado Interstate Gas Co.
2. The introduction to 381.6, Title 6, loan which was obtained prior to Janu and Canadian River Gas Code of Federal Regulations 16 F. R.
ary. 1. 1951, and amortized over more Co------------------------------- 9291
6273, is amended to provide that dis than one year and 2 the borrower will Montana Power Co_________
9291
aster loans will bear interest at the rate operate the same farm under the same Ohio Fuel Gas Co___________
9290
lease.
of 3 percent per annum, and as so V -M Pipeline CO____________
9292
4.
Section 381.11, Title 6, Code o f amended, reads as follows:
Federal Reserve System Federal Regulations 16 F. R. 3972 is 381.6 Rates and terms. On and Rules and regulations:
amended to add a new paragraph b after August 10,1951, Disaster loans will Credit, consumer; trade-ins____ 9287
2 i a to permit delegations o f bear interest from the date of the ad authority to County Supervisors and Housing and Home Finance vance at the rate of 3 percent per armnm Disaster Loan Supervisors to release Agency on the unpaid principal balance. Such mortgaged property and the proceeds Notices;
loans will be scheduled for repayment in from the sale thereof in order to pay Commissioner, Community Fa accordance with the following policies:
from normal farm income necessary cilities and Special Opera

farm and home operating expenses tions, and Director, Prefabri 3. Section 381.7, Title 6, Code of Fed which must be met before the due date cated Housing Loans; delega eral Regulations 16 F. R, 3970 is o f the next unpaid installment on the tion of authority with respect loan and prior to receipt of the primary amended to permit an additional excep to certain functions____ ____ 9292
income from the years operations, pro tion to the subordination of the land Interior Department lords interest in crops being financed vided such expenses were included in See Land Management, Bureau of.
with the proceeds of the loan when the the budget developed in connection with International Trade, Office of landlords claim for rent for the current the loan, and the loan was made with Notices:
year is based on the customary and the understanding that funds would be Thomson, Jacobs & Moran, Inc.;
equitable charge for farm buildings or Continued on next page denial of export privileges.- 9289
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