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REGISTER

FEDERAL
9 3 4
VOLUME 10

a/ited

NUMBER 16

Washington, Tuesday, January 23, 1945
Regulations TITLE 6AGRICULTURAL CREDIT
Subtitle AOffices of the Secretary of Agriculture and War Food Administra tor P art 01D ebt S ettlement SETTLEMENT OF CERTAIN DEBTS OF FARMERS

Pursuant to the authority contained in Public Law 518, 78th Congress, herein after referred to as the act, authorizing the compromise, adjustment or cancella tion of indebtedness arising from loans and payments made, or credit extended to farmers under the provisions of cer tain acts of Congress, and programs ad ministered by the Department, the fol lowing regulations prescribe the terms, conditions and procedures governing such settlements.
Sec.
01.1 Purposes of the act and regulations.
01.2 Definitions.
01.3 Settlement of indebtedness.
01.4 Investigations and findings.
01.5 Delegation of authority.
01.6 Forms and records.
01.7 Departmental Review Committee.
01.8 Penalties.
01.9 Indebtedness referred to Secretary of the Treasury or the Attorney General.
01.10 Scope of the act.
A u t h o r i t y : 01.1 to 01.10, inclusive, is sued under Pub. Law 518, 78th Congress.

01.1 Purposes o f th e act and regu lations. The principal purposes of the act and of the regulations in this part are to provide means o f: a Settling, by compromise, adjustment or cancellation, relatively small debts long past due and owing to the Government arising from loans or payments made under farm programs administered by the Depart ment; b recovering by the Department of substantial sums which are found uncollectible when the indebtednesses are treated as full obligations, and which otherwise would probably never be col lected; c clearing the accounts of bal ances so small as not to warrant con tinued efforts of collection; and d the clearing of the accounts of the records
of indebtedness made uncollectible by reason of the death or disappearance of the debtors.
The existence of the act will neither serve as grounds for any relaxation in the general collection policy of the De partment nor should it serve as grounds for any lessening of the efforts of farm
ers to pay their indebtedness.
01.2 Definitions, a Department means Department of Agriculture in cluding the War Food Administration.
b Indebtedness with respect to any person, means his debt to the Govern ment under each of the acts and pro grams listed in 01.10 hereof.
c Compromise means final liquida tion of the indebtedness through the im mediate payment of a portion thereof, and acceptance by the United States of such payment in full satisfaction of the indebtedness.
d Adjustment means the scaling down of the amount of the indebtedness including interest, conditioned upon the payment of the adjusted amount at some specified future time or times; such ad justment is not to be considered as effec tive as a settlement under this act until the provisions of the adjustment ar rangement have been carried out.
e Cancellation means the com plete discharge, without payment, of the indebtedness and the debtor.
01.3 S ettlem en t o f indebtedness.
a Indebtedness will be compromised, adjusted, or cancelled, upon application by the debtor, and upon the making of all the following findings:
1 That said indebtedness has been due and payable for five years or more;
2 That the debtor is unable to pay said indebtedness in full and has no rea sonable prospect of being able to do so;
officers of the Department shall not make such findings on the basis of mere un willingness to pay on the part of the debtor, or mere financial disadvantage to him, but should find that the settle ment is the most advantageous arrange ment possible from the standpoint of the Government under the findings herein prescribed. In no event shall Continued on p. 809

CONTENTS
REGULATIONS AND NOTICES
A lien P roperty C ustodian:

Vesting orders:
Pa?e 876
Busker, John---------------------Daneliuk, George__________
876
Fahr, M artha_____________
877
Guasti, Tom_______________
876
Mueller, Elisabeth___________
877
Obermeyer, William________
877
Oechtering, John H________
878
Parsons, Elisabeth, vs. Eloise, Countess of Ancaster, et al___________________
878
Schaefer, Francis J ________
879
Smalian, Francis H__________ 879
Thurk, Wilhelmenia Min nie ____________________
879
875
Toda, Harold Shotaro______
Wegricht, Joseph Wenzel___
880
Wehrmeyer, Sophie_________
880
C ivil A eronautics B oard:

Free and reduced-rate transpor tation; free travel for postal employees________________

812

C oast G uard:

Approval and termination of approval of equipment___

884

F arm C redit Administration :

Federal Land Banks, interest rates on loans____________

810

F ederal C ommunications C ommis
sio n :

Hearings, etc:
Constitution Broadcasting CoJones, Bob, College, In c_____
Radiophone Broadcasting " Station WOPI, In c_____
Radio stations, new, and sup plemental radio facilities;
statement of policy con cerning applications for permits to construct or make changes___________

872
873
873

870

F ederal P ower C ommission :

Consolidated Gas Utilities Corp.i h earin g____________

874

F oreign E conomic A dministration :

Blanket license, various com modities:
Addition to list_____________
Exemptions_________________
Continued on p. 808

807

814
813