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EDERAL
VOLUME 17

REGISTE
1934

y
NUMBER 213

Washington, Thursday, October 30 , 1952

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C loan s. Purchases, and Other Operations P art
674 F a r m S torage F a c il it ie s
STTBPART PROGRAM TO FINANCE THE PUR
CHASE OF MOBILE DRYING EQUIPMENT FOR
FARM COMMODITIES

This bulletin states the requirements with respect to the Program To Finance the Purchase of Drying Equipment for Farm Commodities formulated by Com modity Credit Corporation hereinafter referred to as CCC and the Produc tion and Marketing Administration hereinafter referred to as PM A .
The program will be carried out by PM A
under the general supervision and di rection of the President, CCC.
Loan applications under the program announced 16 F. R. 6494, as extended 17
F. R. 5853, may not be submitted subse quent to October 31, 1952.
Sec.
674.190
674.191
674.192
674.193
674.194
674.195
674.196
674.197
674.198

Administration.
Availability of loans.
Approved lending agencies.
Eligible borrowers.
Eligible equipment.
Terms and conditions of loan.
Disbursement of loans.
Service charges.
Sale or conveyance of security.

A utho rity : 674.190 to 674.198 issued under sec. 4, 62 Stat. 1070, as amended; 15
TJ. S. C. Sup., 714b. Interpret or apply sec.
4, 6, 62 Stat. 1070, as amended, 1072; 15
U. S, C. Sup., 714b, 714c.

674.190 Administration. The pro gram will be administered by PMA, under the general direction and super vision of the President, CCC, and in the field will be carried out by State PM A
and PM A county committees herein after called State and county commit tees . State and county committees do not have authority to modify or waive any provisions of this bulletin or amend ments or supplements hereto.

c Source. Loans may be obtained directly from CCC or through approved lending agencies. Application for loans shall, in either case, be made to the county committee.
d Approved forms. All forms and documents will be made available through offices of county committees.
674.192 Approved lending agencies.
An approved lending agency shall be any bank, partnership, individual, or other legal entity which has entered into a lending agency agreement for storage equipment loans, on the form prescribed by CCC.
674.193 Eligible borrowers. A per son shall be eligible for a loan for the purchase of eligible equipment provided such person a is a tenant, landlord, or land owner-operator who produces one or more of the commodities listed in 674.194, or a landowner who rents for cash his land on which one or more of such commodities are produced, and b has facilities for the storage of one or more of such commodities suitable for adaptation to artificial drying and needs such eligible equipment in connection with the utilization of such facilities.
Any two or more such persons may join together in purchasing such equipment.
The term person as used in this section means an individual, partnership, cor poration, or other legal entity.
674.194 Eligible equipment. Mobile drying equipment such as air-circula tors, ventilators, tunnels and powerfans, or any combination thereof, and mechanical driers of a mobile type will be eligible equipment under this pro gram provided such mobile drying equip ment will be used in connection with the conditioning of corn, oats, barley, grain sorghums, wheat, rye, soybeans, flax seed, rice, dry edible beans, dry peas, peanuts, cottonseed, hay seeds, pasture seeds, and winter cover crop seeds.
Equipment for use in connection with the conditioning of commodities which the borrower intends to purchase or to store for others shall not be eligible equipment.

674.195 Terms and conditions of loan, a Term. The maximum term 674.191 Availability of loans a
of the loan will be for a period of ap Area. Loans will be available in any proximately three years, except that the State in the continental United States.
b Time. Loan applications may beterm of particular loans may be ex tended, at the option of CCC, under consubmitted from November 1, 1952, Continued on p. 9771
through June 30, 1953.

CONTENTS
Agriculture Department
Pase
See Commodity Credit Corpora tion; Production and Marketing Administration.

Alien Property, Office of Notices:
Vesting orders, etc.:
Aumer, Caroline____________
Bauer, Joseph F ____________
Grell, Dick E. A_____________
Hild, Mrs. Eva and Renate__
Mueller, Elisabeth__________
Noack, Hans W. L. and Inge_
Schumann, S an ta__________
Vermeer & C o _______________
Yamanouchi, H ______________

9792
9794
9793
9794
9793
9794
9793
9794
9795

Army Department Rules and regulations:
Enlisted Reserve Corps.; physi cal examination____________

9772

Civil Aeronautics Administra tion Proposed rule making:
Surplus airport property ; inter pretations of instruments of disposal_____________________

9778

Commerce Department See Civil Aeronautics Administra tion; Federal Maritime Board;
National Production Authority.

Commodity Credit Corporation Rules and regulations:
Farm storage facilities; pro gram to finance purchase of mobile drying equipment for farm commodities___________

9769

Construction Industry Stabiliza tion Commission Notices:
Alabama and Arizona; area wage rates__________________

9784

Defense Department See Army Department; Munitions Board.

Defense Materials Procurement Agency Rules and regulations:
Columbium-tantalum purchase program regulation-------------

9775

Defense Transport Administra tion Notices:
Organization and functions;
submittals and requests; cor rection______________________
9769

9784