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VOLUME 24

9 3 4

c Wanted

Washington, Friday, October 30, 1959

Title 7 AGRICULTURE
Subtitle A Office of The Secretary of Agriculture PART 11 SALES OF AGRICULTURAL
COMMODITIES FOR FOREIGN CUR
RENCIES
Subpart A Regulations Governing the Financing of Commercial Sales of Surplus Agricultural Commodities for Foreign Currencies Subpart A of Part 11 is revised and amended as follows:
Sec.
11.1
11.2
11.3
11.4
11.5

Definition of terms.
General statement.
Applications.
Purchase authorizations.
Subauthorizations.
11.6
Commodities eligible for financing.
11.7
Methods of financing.
11.8
Letters of commitment to banking institutions.
11.9
Documentation.
11.10 Responsibilities of banking institu tions in connection with letters of commitment issued to th em .
11.11 Price provisions.
11.12 Ocean trafisportation.
11.13 Additional responsibilities of im porters and suppliers.
11.14 CSS Commodity Offices. , 11.15 Effective date.
Authority : 11.1 to 11.15 issued under sec. 102, 68 Stat. 455, as amended, 69 Stat.
44; 7 U.S.C. 1702, EO . 10560, 19 F.R. 5927, 3 CPR, 1954 Supp. Interpret or apply secs.
2, 101, 102, 304, 68 Stat. 454, 455, 459; 7
U.S.C. 1691, 1693, 1701, 1702.

11.10

Definition of terms.

For the purposes of this subpart:
a The Act shall mean T itle I of the Agricultural Trade Development and Assistance Act of 1954, as amended.
b Purchase authorization shall mean FAS Form 480-A, Authorization to Purchase Surplus Agricultural Com modities with Foreign Currency, or FAS Form 480-A Ocean Transporta tion Authorization to Procure Ocean Transportation, issued to an importing country pursuant to this subpart.
c FAS shall mean the Foreign Agricultural Service, U.S. Department of Agriculture.

d CCC shall mean the Commodity Credit Corporation, U.S. Department of Agriculture.
e AMS shall mean the Agricul tural Marketing Service, U.S. Depart ment of Agriculture.
f CSS shall mean the Commodity Stabilization Service, U.S. Department of Agriculture.
g CSS Offices shall mean the CSS
Divisions, the CSS Commodity Offices listed in 11.14 and any other offices or agencies which may succeed to the func tions of such offices.
h The Administrator shall mean the Administrator of the Foreign Agri cultural Service or his designee.
i The Controller, CCC shall mean the Controller, Commodity Credit Corpo ration, or his designee.
j Importing country shall mean any nation wtih which an agreement has been negotiated pursuant to section 101 of the Act.
k Importer shall mean any person or organization, governmental or other wise, to which an importing country is sues a subauthorization under a purchase authorization.
l Approved applicant shall mean the foreign bank or other agency named in any letter of commitment issued to a banking institution under this subpart and shall include any agent authorized to act on behalf of such an applicant.
m Supplier shall mean any in dividual, partnership or corporation who or which sells any agricultural com modity to an importer under the terms of a purchase authorization for delivery to such an importer in export channels, or who or which sells ocean transporta tion to an importer under the terms of a purchase authorizaion. The term supplier shall also include any ocean carrier which furnishes ocean transpor tation to an exporter under the terms of a purchase authorization.
n Banking institution shall mean a banking institution organized under the laws of the United States, any State, or the District of Columbia.
o Delivery shall mean the trans fer to or for the account of an importer of custody and right of possession of the Continued on next page
CONTENTS
Agricultural Marketing Service
PaSe
Proposed rule m ak in g :.
Filberts grown in Oregon and W ashington________________ 8846
Milk in North Central Iowa marketing area_____________ 8847
Rules and regulations:
Cucumbers grown in Florida;
approval of expenses and rate of assessment----------------------- 8838
Donation of food commodities for certain uses in U .S.; mis cellaneous amendments_____ 8838

Agriculture Department S ee also Agricultural Marketing Service; Commodity Stabiliza tion Service.
Rules and regulations;
Financing of commercial sales of surplus agricultural com modities for foreign cur rencies_____________________

8825

Atomic Energy Commission Notices:
General Electric Co.; utilization facility license______________

8859

Civil Aeronautics Board Notices:
New York-San Francisco non stop service case ; hearing___

8860

Civil Service Commission Notices:
Certain industrial hygiene and health physics positions; in crease in minimum rates of pay_______________________ 8860

Commerce Department Notices :
Statem ent of changes in finan cial interests :
Carter, Glenn E _____________ 8859
Postweiler, Norval W________ 8859

Commodity Stabilization Service Notices:
Cotton, upland and extra long staple; notice of referendum for 1960 crop 2 documents _ 8857
Rules and regulations:
Conservation reserve program for 1956 through 1959; modi fication and termination of contracts___________________ 8838
8825