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FEDERAL
VOLUME 20

,9 3

Wanted
j
NUMBER 186

Washington, Friday, September 23, 1955

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agriculture Subchapter B Loans, Purchases and Other Operations 1955 C. C. C. Dry Edible Bean Bulletin 1
P art
421 G r a in s
and
R e lated
C o m m o d it ie s SUBPART 1955 NEW YORK DRY EDIBLE BEAN
PURCHASE AGREEMENT PROGRAM
Sec.
421.1201 General.
421.1202 Administration.
421.1203 Availability of price support.
421.1204 Eligible beans.
421.1205 Applicable forms.
421.1206 Approved warehouses.
421.1207 Warehouse receipts.
421.1208 Determination of quantity.
421.1209 Determination of quality.
421.1210 Sale and delivery of beans to CCC.
421.1211 Notice of loss, damage, or threat ened deterioration.
421.1212 Service charges.
421.1213 Liens.
421.1214 Set-offs.
421.1215 Transfer of producers interest.
421.1216 Basic purchase prices.
421.1217 Settlement.
421.1218 Storage in transit.
Authority : 421.1201 to 421.1218 issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C. 714b. Interpret or apply sec. 5, 62
Stat. 1072, secs. 301, 401, 63 Stat. 1053; 15
U. S. C. 714c, 7 U. S. C. 1447, 1421.

421.1201 General.
This subpart contains the regulations which will be applicable with respect to the 1955-Crop New York Dry Edible Bean Purchase Agreement Program, formulated for price support purposes by Commodity Credit Corporation and the Commodity Stabilization Service referred to in this subpart as CCC and CSS respectively, under this program, CCC, through Agri cultural Stabilization and Conservation County Committees referred to in this subpart as county committees will enter into purchase agreements with eligible producers of 1955-crop dry edible beans Produced in the State o f New York, furchase agreements will be available m e time of harvest through Janu31, 1956. Producers who enter into ho reements with CCC will not De obligated to sell any quantity o f dry eaible beans to CCC but will have the
option o f selling to CCC any quantity not in excess of that stated in the purchase agreements. Generally, CCC will not purchase dry edible beans under a pur chase agreement prior to March 1, 1956.
No 1955 price support loan program on dry edible beans will be made available by CCC in the State of New York. CCC
will, however, offer to enter into agree ments with private financial institutions designed to encourage such financial in stitutions to make loans to producers who have entered into purchase agree ments with CCC. Such agreements will be offered to banks and production credit associations, and to any cooperative marketing association, corporation, part nership, individual, or other legal entity, which conducts lending operations and has adequate facilities to carry out the agreement. A list of financial institu tions which have entered into agree ments with CCC may be obtained from the county committee. Financial insti tutions which enter into the agreement with CCC will be entitled to the benefits thereof only with respect to loans made in accordance with specified conditions, among which are the following:
a Loans secured by dry edible beans stored commingled in warehouses for which a Bean Storage Agreement CCC
Form 28 is in effect must be for not less than 95 percent of the settlement value of such beans computed in accord ance with 421.1217 a and b or such smaller amount as may be requested by the producer in writing; except that the amount of the loan may be reduced by the amount of any unpaid charges or amount of set-offs required by the reg ulations in this subpart to be paid from the settlement value if such charges or set-offs are not paid from the loan pro ceeds, and by the amount of any un waived lien which is not paid from the loan proceeds. The financial institution is not required to loan any specified amount in the case of beans not stored commingled in a warehouse for which a Bean Storage Agreement CCC Form 28 is in,effect.
b In the case of beans stored com mingled in a warehouse for which a Bean Storage Agreement CCC Form 28
is in effect, the rate of interest charged by the financial institution must not ex ceed 4 percent per annum on the unpaid Continued on next page
CONTENTS
Agricultural Marketing Service Page Proposed rule making:
Lemons grown in California and Arizona; handling o f________
Oranges, navel, grown in A ri zona and designated part of California; findings and de terminations with respect to continuance of marketing agreement and order_______ _
Rules and regulations:
Milk in Oklahoma City, Okla., marketing area; handling o f-

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7133

Agricultural Research Service Rules and regulations:
Vesicular exanthema; changes in areas quarantined________

7134

Agriculture Department See also Agricultural Marketing Service; Agricultural Research Service; Commodity Credit Cor poration; Commodity Stabiliza tion Service.
Notices:
Delaware and Maryland; desig nation of areas for production emergency loans____________

7139

Alien Property Office Notices:
Yokohama Nursery Co., Ltd.;
dissolution order____________

7138

Civil Aeronautics Board Notices:
Large irregular air carrier in vestigation:
Hearing regarding evidence concerning qualifications of applicant__________________
Order reopening proceeding-

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7139

Commerce Department See Maritime Administration.

Committee for Reciprocity In formation Notices:
Trade agreement negotiations with governments which are contracting parties to Gen eral Agreement on Tariffs and Trade; possible adjust ment in preferential rates on Cuban products; submission of information to committee, closing date for filing appli cations and submission o f briefs; date of public hearing-

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