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A/ITED
Washington, Saturday, February 25, 1956

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agricul ture Subchapter B Loans, Purchases, and Other Operations P a r t 438 N a v a l S t o r e s SUBPART 1956 GUM NAVAL STORES PRICE
SUPPORT LOAN PROGRAM

Statement with respect to the Gum Naval Stores Price Support Loan Pro gram for the calendar year 1956, formu lated by the Commodity Credit Corpo ration and the Commodity Stabilization Service hereinafter referred to as CCC and CSS.
Sec.
438.701
438.702
438.703
438.704
438.705
438.706
438.707
438.708
438.709
438.710
438.711
438.712
438.713
438.714

Administration.
Eligible producer.
Eligible naval stores.
Eligible turpentine.
Eligible rosin.
Eligible oleoresin.
Eligible metal drums.
Availability of loans.
Rate of loan to producers.
Storage provisions.
Maturity.
Redemption.
Rights of CCC upon maturity.
Disposition of proceeds upon liqui dation.
438.715 Personal liability.

A uthority : 438.701 to 438.715 issued u n
der sec. 4, 62 Stat. 1070; 15 U. S. C. 714b. In
terpret or apply sec. 5, 62 Stat. 1072, sec. 301, 63 Stat. 1053; 15 U. S. C. 714c, 7 U. S. C. 1447.

438.701 Administration. The Naval Stores Branch, Tobacco Division, CSS, will supervise the administration of the Program. CCC will make a loan to the American Turpentine Farmers AssociaCooperative, Valdosta, Georgia hereinafter referred to as the Asso ciation, under a Loan Agreement which will enable the Association in turn to make loans to eligible producers on eligible naval stores, to supervise the maintenance of the collateral in storage, to perform related field administration functions, to arrange for redemptions, and to collaborate in the liquidation of unredeemed collateral. The CSS Com modity Office, Dallas, Texas, will perform accounting and auditing functions.

438.702 Eligible producer. A pro ducer will be eligible for loans if he a
is a member of the Association under membership requirements approved by CCC no producer who is otherwise eligible may be excluded from member ship in the Association, b is a cooperator in the 1956 Naval Stores Con servation Program of the United States Department of Agriculture or otherwise complies with good forestry conservation practices, as established by State and Federal forestry services, as determined by the Association, c has. made satis factory arrangements to pay any in debtedness to the United States Depart ment of Agriculture or any agency thereof, as evidenced by the registers of indebtedness maintained by the Agricul tural Stabilization and Conservation County Offices of the United States De partment of Agriculture, and d has executed, and has not breached his .obli gations under the Producers Marketing Agreement A TFA Form 1-1956, or any other similar agreement.
438.703 Eligible naval stores. Eli gible naval stores are eligible turpen tine, eligible rosin and the turpentine and rosin content in eligible oleoresin.
438.704 Eligible turpentine. Eligi ble turpentine is gum turpentine which a was produced from eligible oleoresin, b is free and clear from all liens and encumbrances, c has not been thereto fore pledged for a loan under this or any similar program and in which the bene ficial interest is and always has been in the producer, d is waterwhite in color, e is free from excess resin acids, as evidenced by a total acid number of not more than 0.50, and f conforms as to specific gravity to Federal Specifica tions TT-T-801, to-wit: A maximum of 0.875 and a minimum of 0.860 taken at 60 degrees over 60 degrees Fahrenheit.
438.705 Eligible rosin.
Eligible rosin is gum rosin which a was pro duced from eligible oleoresin, b grades I or better, c is free and clear from all liens and encumbrances, d has not been theretofore pledged for a loan un der this or any similar program and in which the beneficial interest is and al ways has been in the producer, e is Continued on p. 1257

CONTENTS
Agricultural Conservation ProPas gram Service Rules and regulations:
Practices carried out with state or federal aid:
Alaska_________________________
Hawaii_____ _________________
Virgin Islands________________
Practices involving establish ment or improvement of vege tative cover; filing applica tions and required information_________________ __________

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Agricultural Marketing Service Proposed rule making:
Frozen grape juice concentrate for grape beverage; United States standards._____________
Milk;
handling in Greater Wheeling, West Va., and Clarksburg, West Va., m ar keting areas_______________
Rules and regulations:
Lemons grown in California and Arizona; limitations of ship ments__________________
Navel oranges grown in Arizona and designated part of Cali fornia; limitation of han dling____________

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Agricultural Research Service Rules and regulations:
Flag smut quarantine; deletion of Netherlands from list from which wheat grain and cer tain other products may not be imported_____________ _____

1258

Agriculture Department See also Agricultural Conservation Program Service; Agricultural Marketing Service; Agricultural Research Service; Commodity Stabilization Service.
Notices:
Certain states; disaster assist ance; designation of areas for special emergency loans_____

1277

Army Department See Engineers Corps.

Civil Aeronautics Administra tion Rules and regulations:
Standard instrument approach procedures; alterations______
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