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UTTEBA

REGISTER
VOLUME 24

9 3 4
- /V/TEO

NUMBER 217

Washington, Thursday, November 5, 1959
may establish an irrevocable commercial letter of credit acceptable to CCC for an amount equivalent to the total amount of the purchase price of the wheat plus in terest thereon for 60 days, against which Chapter IV Commodify Stabilization CCC will not draw to the extent th at the Service and Commodity Credit Cor purchaser pays to CCC the -purchase poration, Department of Agriculture price of the wheat and any applicable interest promptly upon presentation o f SUBCHAPTER C EXPORT PROGRAMS
invoices or prior to invoicing by CCC.
Amdt. 4
7 To the extent th at such payment is not made, CCC will draw drafts under the PART 483 WHEAT AND FLOUR
letter of credit for the amount remain Subpart Revision 1 of the Wheat Ex ing unpaid, supported by a statement specifying the amount due. When finan port Program; Payment in Kind cial arrangements are made in this m an GR-345; Terms and Conditions ner, the following shall apply:
i The letter of credit shall have an M iscellaneous A m en d m en ts effective period of a t least 60 days from The terms and conditions of Revision the final date for delivery of the wheat 1 of the Wheat Export Program Pay to the purchaser as specified in the Con ment in Kind GR-345 23 F R . 5365, firmation of Sale. If a single letter of as amended 24 F.R. 5775 24 F.R. credit is used for this purpose as well as 7239 and 24 F JR. 7631 are further -for the upward adjustment in price re amended as follows;
quired under paragraph c of this sec tion, the effective period shall be 150 days 483.158 Amendment!
from the final date for delivery.
1. Section 483.158b and c 2 are ii Interest on the purchase price of amended to read as follows:
the wheat shall be paid in cash for the b Financial arrangements covering period from the date of delivery of the the purchase price specified in the Con wheat to the date CCC receives accept firmation of Sale of any wheat purchased able certificates or cash or, in the case from CCC hereunder shall be made prior of payments against sight drafts drawn to delivery of the wheat by CCC in one by CCC, the date CCC estimates the draft tor a combination of the following will be paid. The rate of interest will be ways:
the rate in effect on the date of sale as 1 Surrender to the appropriate CSS announced in the CCC Monthly Sales Commodity Office of certificate s suffi List for sales made under the CCC credit cient to pay for the wheat.
sales program for periods up to 6 months.
2 if a purchaser desires delivery The interest shall be included in the Prior to receipt by CCC of certificates amount of sight drafts drawn by CCC.
he may make payment in cash, certified iii Unless otherwise requested by the check, or cashiers check for the wheat purchaser, CCC shall, promptly after re t be delivered or if delivery is to be ceiving cash for application on the pur jPade in store, he may request th at CCC chase price and/or interest, or acceptable oraw a sight draft on him through a certificates for application on the pur j e d bank with warehouse receipts a t chase price, notify the bank which issued tached or request th at CCC surrender or confirmed the letter of credit that CCC
the warehouse receipts to him in a simul consents to a reduction of such letter of taneous exchange for an acceptable recredit in an amount equivalent to the jmttance delivered at the CSS Commodamount of cash or acceptable certificates Office. To the extent th at acceptable received.
certificates are received by CCC within iy To the extent acceptable certifi days after delivery of the wheat to cates are received by CCC within 90 days the purchaser, CCC shall promptly make after delivery of the wheat to the pur chaser, CCC shall promptly make refund refund of funds received.
3 if a purchaser desires delivery of any funds received representing the Prior to receipt by CCC of certificates he Continued on p. 8995

Title 6 AGRICULTURAL
CREDIT

CONTENTS
Agricultural Marketing Service
Pa?e
Proposed rule making :
Milk in the Greater Wheeling and Clarksburg, W. Va., m ar keting area______________ _ 9020
Tobacco inspection; standards. 9014
Agridfljture Department
See Agricultural Marketing Serv ice; Commodity Credit Corpo ration; Commodity Stabilization Service.
Atomic Energy Commission
Notices;
Licenses and permits:
Naval Research Laboratory 2 documents_______ 9026, 9027
Stanford University_______ _ 9027
University of Missouri____ _ 9028
Westinghouse Electric Corp_. 9029
Civil Aeronautics Board
Notices:
Bonanza Air Lines, Inc., temporary points case; hearing___ 9029
Rules and regulations:
Preliminary year-end reports;
confidential treatm ent______ 8996
Commerce Department
See Foreign Commerce Bureau.
Commodity Credit Corporation
Rules and regulations:
Payment in kind; terms and conditions:
Feed grains__________ ____ 8995
Wheat and flour___________ 8993
Commodity Stabilization Service
Rules and regulations:
Tobacco, burley, flue-cured, firecured, dark air-cured, and Virginia sun-cured; market ing quota, 1959-60 marketing year_______
8995
Federal Aviation Agency
Proposed rule making:
Los Angeles International Air port traffic pattern rules___ _ 9020
Rules and regulations:
Seal__ ____________________ 8996
Federal Communications Com mission
Notices:
Hearings, etc.:
Hemreich, George T., and Patteson Brothers.,_______ 9029
8993