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VOLUME 17

ESISTER
1934

ONi j i O %

NUMBER 156

Washington, Saturday, August 9, 7952
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
P art 672W ool SUBPART 1 9 5 2 WOOL PRICE SUPPORT
PROGRAM SHORN W OOL

This bulletin states the requirements with respect to the 1952 Wool Price Sup port Program for shorn wool formu lated by Commodity Credit Corporation hereinafter referred to as CCC and the Production and Marketing Admin istration hereinafter referred to as PMA.
PROGRAM OPERATION

Sec.
672.301 Administration.

e l ig ib il it y
672.302 Eligible persons.
672.303 Eligible wool.
INELIGIBLE WOOL

672.304 Liability.
ADVANCE LOANS BY CCC

672.305 Advance loans.
APPRAISALS

672.306 Determination of appraisal value.
672.307 Reappraisals.
672.308 New appraisals.
NONRECOURSE LOANS BY CCC

672.309
672.310
672.311
672.312
672.313
672.314
672.315
672.316

Nonrecourse loans.
Loan value.
Determination of weights.
Distribution of proceeds of nonre course loan.
Account of Loan Settlement.
Charges by handler.
Limitation on charges by handler.
Repayment of nonrecourse loans.
GROWER POOLS

672.317 Wool received by handler from pools.
LIQUIDATION OF LOANS NOT REPAID BY MATURITY
DATE

672.318 Liquidation of unpaid loans.
APPRAISAL CHARGES O N W OO L APPRAISED B U T O N
W H IC H LO A N I S N O T M ADE B Y CCC

672.319 Appraisal and reappraisal charges.

INSURANCE AND RISK OF LOSS

Sec.
672.320 Insurance and risk of loss.
GENERAL

672.321 Transfer in interest under loan.
672.322 Contractual rights.
Au thority : 672.301 to 672.322 issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C. Sup., 714b. Interpret or apply sec.
5, 62 Stat. 1072, secs. 201, 401, 63 Stat. 1051, 1054; 15 U. S. C. Sup., 714c, 7 U. S. C. Sup., 1446, 1421.
PROGRAM OPERATION

672.301 Administration. The pro gram will be carried out by PMA under the general supervision and direction of the President of CCC and in accordance with the bylaws of CCC. Prices of shorn wool will be supported by means of loans made through wool dealers and coopera tive associations such wool dealers and cooperative associations are hereinafter referred to as handlers who enter into agreements with CCC to obtain loans on, handle, and store wool while it is pledged to CCC as security for a loan. In the field, the program will be administered through PMA Commodity Offices. Names of approved handlers may be obtained from County PMA Com mittees and PMA Commodity Offices.
PMA Commodity Offices and State and County PMA Committees do not have authority to modify or waive any of the provisions of this subpart or any amend ments or supplements thereto.
ELIG IB ILITY

672.302 Eligible persons.
Loans will be made by CCC to approved han dlers for the benefit of growers who have title and beneficial interest in the wool.
672.303 Eligible wool. Eligible wool shall be wool which meets the following requirements:
a The wool must be shorn in the continental United States or Territories from sheep or lambs.
b The wool must be received by the handler from the original grower thereof or from a pool of such original growers and, in either event, the original grower must at all times have had title and beneficial interest in the wool.
c The wool must be covered by the following applicable documents:
Continued on p. 7263

CONTENTS
Agriculture Department
Pa€

See Commodity Credit Corpora tion; Production and Marketing Administration.
Alien Property, Office of
Notices :
Vesting orders, etc. :
Bessonneau, Maurice Louis 7321
Milioto, Francesco, et al____ 7322
Oliverio, Maria Teresa, et al_ 7322
Civil Aeronautics Administra tion
Notices :
Organization and functions;
miscellaneous amendments
7304

Civil Aeronautics Board
Notices :
Northwest Airlines, Inc.; notice of oral argument_________ 7308
Commerce Department
See Civil Aeronautics Adminis tration; National Production Authority.
Commodity Credit Corporation
Rules and regulations:
Wool; 1952 price support program:
Pulled wool______________ 7267
Shorn wool______________ 7261
Economic Stabilization Agency
See also Price Stabilization, Office of ; Rent Stabilization, Office of.
Notices :
Bridgeport, Conn., critical de fense housing area; approval of extent of relaxation of credit controls____________ 7308
Federal Communications Com mission
Notices:
Western Union Telegraph Co.;
hearing__________________ 7316
Rules and regulations:
Practice and procedure; opera tion pending action on re newal of application_______ 7290
Federal Power Commission
Notices:
Hearings, etc.:
Allentown-Bethlehem Gas Co.
et al_______________
7317
Cities Service Gas Co_______ 7318
Lone Star Gas Co__________ 7318
7261