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FEDERAL REGISTER, Saturday, January 13, 1940
tional 10 miles, in excess of 40 miles, an additional 1 cent.
4. Delete Sec. 903.4 b 1 and sub stitute therefor the following:
1 In the case of milk received at such handlers plant located in the m ar keting area, a price per hundredweight which shall be calculated by the market administrator, as follows: Multiply by 3.5 the average price per pound of 92score butter at wholesale in the Chicago market, as reported by the United States Department of Agriculture for the deliv ery period during which such milk is re ceived, add 30 percent thereof and add 19 cents.
5. Delete Sec. 903.4 d and substitute therefor the following:
d Sales outside the marketing area.
The price to be paid by handlers for Class I milk disposed of outside the m ar keting area, in lieu of the price otherwise applicable pursuant to this section, shall be, as ascertained by the market admin istrator, such price as is being paid to farmers in the market where such milk was disposed of, for milk of equivalent use, subject to a reasonable adjustment on account of transportation with re spect to Class I milk moved from the handlers plant in the marketing area to the handlers plant outside the m ar keting area where such milk was loaded on wholesale and retail routes.
6. Add as Sec. 903.5 b 6 the fol lowing:
6 On or before the 5th day after the end of each delivery period, the amount and category of any payments to be made pursuant to Sec. 903.8 e with respect to milk received during such de livery period.
7. Delete Sec. 903.5 d and substitute therefor the following:
d Verification of reports. Each han dler shall permit the market adminis trator or his representative, during the usual hours of business, to a verify the information contained in reports submit ted by such handler pursuant to this sec tion, and b weigh, sample, and test milk for butterfat.
If, in the verification of the report of purchases and sales of the handler for any previous delivery period, the market administrator finds th at differences oc cur between the reported and actual quantities of milk received or between the reported and actual quantities of milk disposed of in each class, he shall make an adjustment in the following manner:
a recompute for such handler the uni form price for the delivery period for which the report of purchases and sales of milk is being verified, after making the adjustments in such quantities of milk necessary to account for such dif ferences, and b add to, or subtract from, the value of milk in the current pool for such handler, computed pursu ant to Sec. 903.7 a, an amount repre senting, at the difference between the
uniform price previously announced pur suant to Sec. 903.7 b 5 and the re computed uniform price, the value of milk accounted for by such adjustment.

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under the act of Congress of February 18, 1922, as amended, known as the Capper-Volstead Act, is actually per forming the services set forth in para graph a of this section, each handler, 8. Delete the phrase marked e in in lieu of the deductions specified in Sec. 903.5 e.
paragraph a of this section, shall make 9. Reletter the phrase marked f in the deductions from the payments made Sec. 903.5 e so that it will read e of pursuant to Sec. 903& a 1 and 2, Sec. 903.5 e.
which are authorized by such producers, 10. Delete Sec. 903.7 a and substitute and, on or before the 15th day after the therefor the following:
end of each delivery period, pay over a Computation of the value of milk such deductions to the cooperative asso for each handler. For each delivery ciations rendering such services of which period the market administrator shall such producers are members.
compute, subject to the provisions of Now, therefore, Grover B. Hill, Acting Sec. 903.6, the value of milk of producers Secretary of Agriculture, acting under disposed of by each handler, by a mul the provisions of Public Act No. 10, 73d tiplying the hundredweight of such milk Congress, as amended and as reenacted in each class, computed pursuant to Sec. and amended by the Agricultural Mar 903.3 a, by the price applicable pur keting Agreement Act of 1937, for the suant to Sec. 903.4, and b adding to purposes and within the limitations gether the resulting values of each class. therein contained and not otherwise, 11. Delete Sec. 903.8 e and substitute does hereby execute in duplicate and issue this amendment to the order, as therefor the following:
amended, regulating the handling of e Additional payments. Any hanmilk in the St. Louis, Missouri, market dler may make payments to producers ing area, under his hand and the official in addition to the payments to be made seal of the Department of Agriculture, in pursuant to paragraph a of this sec the city of Washington, District of Co tion : Provided, That such additional pay lumbia, on this 11th day of January 1940, ments shall be made on a uniform basis and declares this amendment to be effec to all producers from whom milk meet tive on and after the 1st day of February ing special quality, volume production, 1940.
or evenness of production standards has seal G rover B. H ill , been received.
Acting Secretary of Agriculture.
12. Delete from Sec. 903.9 a the F. R. Doc. 40-203; Filed, January 11, 1940;
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phrase which reads an amount not ex ceeding 1 cent per hundredweight and substitute therefor the following phrase:
an amount not exceeding 2 cents per TITLE 18CONSERVATION OF POWER
hundredweight.
13. Renumber Sections 903.10, 903.11, CHAPTER IITENNESSEE VALLEY
903.12, and 903.13 as Sections 903.11, AUTHORITY
903.12, 903.13, and 903.14.
R egulations G overning T ransactions 14. Add the following as Sec. 903.10:
and O perations in T ennessee V alley 903.10 Marketing s e r v i c e sa A uthority S ecurities Deductions for marketing services. Ex Pursuant to the authority conferred cept as set forth in paragraph b of this section, each handler shall deduct an upon the Tennessee Valley Authority amount not exceeding 4 cents per hun hereinafter referred to as the Corpora dredweight the exact amount to be de tion by Section 15c of the Tennessee termined by the market administrator, Valley Authority Act of 1933, as added subject to review by the Secretary from July 26, 1939, Public No. 224, 76th Con the payment made to each producer pur gress, the following regulations govern suant to Sec. 903.8 a 1 and 2, with ing the issuance of Tennessee Valley Au respect to all milk of such producer re thority bonds and interim certificates ceived by such handler during the de hereinafter referred to as securities ;
livery period, and shall pay such deduc the payment of interest thereon; the tion to the market administrator on or granting of relief on account of the loss, before the 15th day after the end of such theft, destruction, mutilation, or deface delivery period. Such moneys shall be ment of the securities; and other trans used by the market administrator to actions and operations therein, are verify weights, samples, and tests of milk hereby promulgated.
received from such producers and to 1.
Form of securities. The securities provide them with market information; shall be in such forms and denomina such services to be performed in whole tions, shall mature within such periods or in part by the market administrator not more than fifty years from the date or by an agent engaged by and respon of their issue, may be redeemable at the sible to him.
option of the Corporation before matu b Producers cooperative associa rity in such manner as may be stipulated tions. In the case of producers for therein, shall bear such rates of inter whom a cooperative association, which est not exceeding 3% per centum per the Secretary determines to be qualified annum, shall be subject to such terms