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Tuesday, October 27, 1959
Amdt. 5

PART 421 GRAINS AND RELATED
COMMODITIES
Subpart Provisions for Participation of Financial Institutions in Pools of CCC Price Support Loans on Certain Commodities
8667

FEDERAL REGISTER
485.187 Incorrect information nished by the Government.

fur
Pursuant to the provisions of Public Law 86-265, 86th Congress, the Admin istrator, CSS, may, to the extent he deems it desirable in order to provide fair and equitable treatment, authorize the paymentof compensation to a pro ducer under the conservation reserve Rate of I nterest and B asis o f C omputa program which he otherwise would not t io n of I nterest E arned be entitled to receive because the con Section 421.3803 of the regulations is tract, application therefor,, action, or sued by the Commodity Credit Corpora conduct of the producer is:
a Not in conformity with the provi tion published in 23 F.R. 3913, as sions of tfcie program, or amended, containing the terms and con b Less favorable to the producer ditions under which financial institu than would have been the case if it had tions may participate in pools of CCC been based on correct information, or price support loans on certain com c Based on an understanding th at modities, is hereby amended by deleting paragraph b in its entirety and substi payment would be forthcoming in an amount in excess of that permitted by tuting in lieu thereof the following:
the program, 421.3803 Rate o f interest and basis of If it is established to the satisfaction of computation o f interest earned.
the Administrator, CSS, th at the con

tract, application, action, or conduct of b 1959 and subsequent crop pro the producer was the result of relying in grams. Certificates evidencing partici good faith on the erroneous approval of pation in financing 1959 and subsequent such contract, application, action, or crop price support program loans shall conduct by, or on the erroneous advice, earn interest at the rate of 2 % percent determination, or computation of an per annum through and including June authorized representative of the Secre 30, 1959, 3% percent per annum from tary.
July 1, 1959 through and including Oc Sec. 124, 70 Stat. 198; 7 U.S.C. 1812
tober 31, 1959, and 4 percent per annum Issued at Washington, D.C., this 21st thereafter.
day of October 1959.
Sec. 4, 62 Stat. 1070, as amended; 15 U.S.C.
C larence D. P almby , 714b. Interpret or apply sec. 5, 62 S tat. 1072;
Acting Administrator, 15 U.S.C. 714c .
Commodity Stabilization Service.
Issued this 21st day of October 1959.
F.R. Doc. 59-9072; Filed, Oct. 26, 1959;
C larence D. P almby , 8:49 a.m.
Acting Executive Vice President, Commodity Credit Corporation.
FJR. Doc. 59-9077; Piled, Oct. 26, 1959;
8:50 a.m.

Amdt. 2

PART 485 SOIL BANK
SUBCHAPTER D REGULATIONS UNDER SOIL
BANK ACT

Amdt. 36

PART 485 SOIL BANK
Subpart Conservation Reserve Pro gram for 1956 Through 1959
I ncorrect I nformation F urnished by th e G overnment
The regulations governing the con servation reserve part of the Soil Bank:
Program, 21 F.R. 6289, as amended, are hereby further amended as follows:
1. The title of the subpart is changed from Conservation Reserve Program to Conservation Reserve Program For 1956
Through 1959.
2. The first sentence of such regula tions 21 F.R. 6289 is changed to read as follows: The regulations in this sub part govern the conservation reserve part f the Soil Bank Program for contracts which include only land for which the first year of the contract period is 1956, 1957, 1958, or 1959.
3. A new section 485.187 is added at the end thereof to read as follows;

Subpart Conservation Reserve Program for 1960
I ncorrect I nformation F urnished by th e G overnment
The regulations governing the Con servation Reserve Program for 1960, 24
F.R. 7987, as amended, are hereby fur ther amended by adding a new 485.541
a t the end thereof to read as follows:
485.541 Incorrect information nished by the Government.

fur
Pursuant to the provisions of Public Law 86-265, 86th Congress, the Adminis trator may, to the extent he deems it desirable in order to provide fair and equitable treatment, authorize the pay ment of compensation to a producer under the conservation reserve program which he otherwise would not be entitled to receive because the contract, applica tion therefor, action, or conduct of the producer is:
a Not in conformity with the provi sions of the program, or b Less favorable to the producer than would have been the case if it had been based on correct information, or
c Based on an understanding th at payment would be forthcoming in an amount in excess of that permitted by the program, if it is established to the satisfaction of th Administrator th at the contract, application, action, or con duct of the producer was the result of relying in good faith on the erroneous approval of such contract, application, action, or conduct by, or on the erroneous advice, determination, or computation of, an authorized representative of the Secretary.
Sec. 124, 70 Stat. 198; 7 U.S.C. 1812

Issued at Washington, D.C., this 21st day pf October 1959.
C larence D. P almby , Acting Administrator, Commodity Stabilization Service.
F.R. Doc. 59-9071; Filed, Oct. 26, 1959;
8:49 a.m.

PART 485 SOIL BANK
Subparf Acreage Reserve Program
The regulations governing the 1956
acreage reserve part of the Soil Bank Program, 21 F.R. 4379, as amended, the 1957 acreage reserve part of the Soil Bank Program, 21 F.R. 10449, as amended, and the 1958 acreage reserve part of the Soil Bank Program, 22 F.R.
6397, as amended, are hereby supple mented as follows:
Pursuant to the provisions of Public Law 86-265, 86th Congress, the Admin istrator, Commodity Stabilization Serv ice, may, to the extent he deems it de sirable in order to provide fail: and equitable treatment, authorize the pay ment of compensation to a producer under the acreage reserve program which he otherwise would not be entitled to receive because the contract, action, or conduct of the producer is:
1 Not in conformity with the provi sions of the program, 2 Less favorable to the producer than would have been the case if it had been based on correct information, or 3 Based on an understanding th a t payment would be forthcoming in an amount in excess of that permitted by the program, If it is established to the satisfaction of the Administrator, Commodity Stabiliza tion Service, th at the contract, action, or conduct of the producer was the resylt of relying in good faith on the erroneous approval of such contract, action, or conduct by, or on the erroneous advice determination, or computation of, an au thorized representative of the Secretary.
Sec. 124, 70 Stat. 198; 7U.S.C. 1812
Issued at Washington, D.C., this 21st day of October 1959.
C larence D. P almby , Acting Administrator, Commodity Stabilization Service.
FJEt, Doc. 59-9073; Filed, Oct. 26, 1959;
8:49 a.m.