Federal Register - November 15, 1946
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Source: Federal Register
,
Washington, Friday November 15, 1946
Regulations TITLE 6AGRICULTURAL CREDIT
Chapter IIProduction and Marketing Administration Commodity Credit P art 246S weetpotatoes SUBPART 1 9 4 6 LOAN PROGRAM
This bulletin states the requirements with respect to the 1946 Sweetpotato Loan Program formulated by Commodity Credit Corporation and the Production and Marketing Administration. Loans will be made available on cured sweetpotatoes of the 1946 crop to growers or associations of growers or their author ized agents, and to dealers who certify they have paid growers the applicable support price. The program will be ad ministered through the facilities of the Production and Marketing Administra tion.
Forms may be obtained from County Agricultural Conservation Committees or from State PMA offices in areas where loans are available. State and county committees will determine the eligibility of the sweetpotatoes, the grade and qual ity, and the amount of the loan. Ail loan documents will be completed and ap proved by the county committee, which will retain copies of all documents: Pro vided, however, That the county com mittee may designate in writing certain employees of the County Agricultural Conservation Association to execute such forms on behalf of the Committee.
The County Committee will furnish the borrower with the names of local lending agenciesapproved for making disbursements on loan documents, or with the address of the Area Fiscal Office of the Production and Marketing Ad ministration to which loan documents may be forwarded for disbursement.
Sec.
246.40 Borrower responsibility.
246.41 Eligible borrowers.
246.42 Applications, period for making loans, maturity date and interest rate.
246.43 Eligible sweetpotatoes.
246.44 Loan rate.
246.45 Set-offs.
246.46 Storage charges.
246.47 Service fees.
246.48 Insurance.
246.49 Settlement of loans.
Sec.
246.50 Delivery in excess of agreed monthly quantity.
246.51 Inability of CCC to accept delivery.
246.52 Deficiencies due to flood, fire, light ning or windstorm.
246.53 Continued price support.
246.54 Loans in default.
246.55 Purchase of notes.
Authoritt: 246.40 to 246.55, inclusive, issued under the Charter of Commodity Credit Corporation, Article Third, par. b;
sec. 7 a 49 Stat. 4 as amended by 50
Stat. 5, 53 Stat. 510, 55 Stat. 498, 57 Stat.
566, 57 Stat. 643, 58 Stat. 105, 59 Stat. 51, sec. 4 a 55 Stat. 498 as amended by 56
Stat. 768; 15 U. S. C. Sup. 713 a, 713-8 a.
246.40 Borrower responsibility. The Chattel Mortgage and Mortgage Supple ment governs generally the responsibil ity of the borrower and should he read carefully.
246.41 Eligible borrowers, a Any person, partnership, association, or cor poration producing sweetpotatoes in 1946.
b Associations of producers that have acquired 1946 sweetpotatoes pur suant to the 1946 Sweetpotato Producers Sales Agreement CCC Sweetpotato Form C .
c Dealers licensed under the Per ishable Agricultural Commodity Act, who certify that they have purchased the sweetpotatoes, on which loan is re quested, from producers at not less than the equivalent of the 1946 announced support prices.
246.42 Applications, period for mak ing loans, maturity date and interest rate.
Applications for loan shall be made at the office of the county agricultural con servation committee for the county where the sweetpotatoes are stored.
Applications for loans may be accepted between November 15, 1946 and January 15, 1947. However, since all loan docu ments must be completed not later than January 15, 1947, State committees should, if necessary, set a final date for accepting applications sufficiently in ad vance of January 15, 1947, in order that all inspections of sweetpotatoes and the approval of all loan documents will be completed by January 31, 1947. Dis bursement on a loan will be made only within the sixteen calendar day period following the date of approval of the loan.
Continued on next page
CONTENTS
REGULATIONS AND NOTICES
Page Commodity Credit Corpora tion.;
Petitions for modification:
Market agencies at Union Stock Yards______ -___ 13495
Peoria Union Stock Yards Co_ 13495
A griculture D epartment. See also
Alien P roperty, O ffice
of :
Vesting orders, etc.:
Minami, N., & Co., Ltd_____J
Miyabe & Suyetaka________
Peterka, Wilhelm_________
Sasamoto, -Yosio__________
Sato Trading Co., Ltd______
Shoten, H. Nishizawa, Ltd__
Surroca, P _______________
Von Zeppelin, Harro FreiherrYasuda &Co______________
Bonneville t io n :
13491
13492
13492
13493
13493
13491
13493
13494
13494
P ower Administra
Organization and procedure;
delegations of authority__ 13481
Civilian P roduction Administra tion :
Necessity certificates, issuance;
request for reconsideration of action------- _________ 13485
Suspension order; Miller Mod ernization Co, and Stand ard Modernization Co____ 13485
C ommodity Credit Corporation:
Sweet potatoes, 1946 loan pro gram____._______________ 13477
F ederal P ower Commission :
Hearings, etc.:
Kansas - Nebraska Natural Gas Co., Inc__________ 13496
Kansas Power and Light Co.
and Northern Natural Gas Co__ ____________ 13496
F ederal P ublic H ousing Author it y :
Delegations of authority to re gional conversion management supervisors, assistant regional and area conver sion management supervi sors, and field representatives____ ______________ 13481
F édéral T rade Commission :
Cease and desist orders:
Beau Peep Products_______ 13480
Solari, John, & Co________ 13480
13477