Federal Register - September 24, 1948
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Source: Federal Register
Washington, Friday, September 24, 1948
TITLE 6 AGRICULTURAL CREDIT
Chapter II Production and Mar keting Administration Commodity Credit 1948 CCC Soybean. Bulletin 1
P art 257 S oybean L oans P urchases
and
SUBPART 1948
This bulletin states the requirements with respect to the 1948 Soybean Loan and Purchase Agreement Program for mulated by Commodity Credit Corpora tion hereinafter referred to as CCC
and the Production and Marketing Ad ministration hereinafter referred to as PM A . Loans and purchase agreements will be made available in accordance with this bulletin on eligible soybeans produced in 1948.
Sec.
257.201 Administration.
257.202 Availability of loans and purchase agreements.
257.203 Approved lending agencies.
257.204 Eligible producer.
257.205 Eligible soybeans.
257.206 Eligible storage.
257.207 Approved forms.
257.208 Determination of quantity.
257.209 Determination of foreign material and dockage.
257.210 Liens, i 257.211 Service fees.
257.212 Set-offs.
257.213 Loan rates and purchase price.
257.214 Interest rate.
257.215 Transfer of producers equity.
257.216 Safeguarding of the soybeans.
257.217 Insurance.
2571218 Loss or damage to the soybeans.
257.219 Personal liability.
257.220 Maturity and satisfaction.
257.221 Removal of the soybeans under loan.
257.222 Release of the soybeans under loan.
257.223 Purchase of notes.
257.224 Storage allowance.
257.225 PMA Commodity offices.
Authority: 257.201 to 2571225 issued under sec. 4 a , 55 Stat. 498, as amended, sec. 5 a , Pub. Law 806 80th Cong.; sec. 1
b , Pub. Law 897 80th Cong.; 15 U. S. C.
713 a 8 a .
257.201 Administration. The pro gram will be administered in the field by PMA through State PMA committees, county agricultural conservation com
mittees hereinafter referred to as county committees and PMA Commod ity offices. The program will be under the general supervision and direction of the Manager of CCC. Forms will be dis tributed through the offices of State and county committees. County committees will determine or cause to be determined the quantity and grade of the soybeans, the amount of the loan or purchase, and the value of the soybeans delivered under the program. All loan and purchase doc uments will be completed and approved by the county committee, which will retain copies of all such documents. The county committee may designate in writ ing certain employees of the county agricultural conservation association to approve forms on behalf of the com mittee.
The county committee will furnish the borrower with the names of local lending agencies approved for making disburse ment on loan documents or with the address of the PMA Commodity office to whichToan documents may be forwarded for disbursement.
CONTENTS
Agriculture Department
pa8
Proposed rule making:
Oranges in California and Ari zona; amendments and tenta tively approved marketing agreement Corr.__________
Walnuts in California, Oregon, and Wasliington; pack speci fications and minimum stand ards, and information to be contained in certificates_____
Rules and regulations:
Establishment and revision of parts_______________________
Potatoes, Irish:
Crook, Deschutes, and Klam ath Counties, Oreg., and Modoc and Siskiyou Counties, Califr_____ ___________
M aine__ ____________________
Soybean loans and purchases, 1948_________________________
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Alien Property, Office of
Notices:
257.202 Availability of loans and Vesting orders, etc.:
purchase agreements a Area. 1
Antelmann, F. K., and Karla Loans shall be available on eligible soy Antelmann_______________
beans in eligible storage in any area;
Buxbaum, Dr. ing. Bertold___
except that loans on farm-stored soy Danish Automatic Supply Co_
beans will not be made in any State if Dorner, Hermann I. A _______
the State PMA Committee determines Eckert, Michael_____________
that, due to insect infestation or damage Eichinger, Anna M __________
due to other reasons, farm storage of Freund, William W., and soybeans is not feasible.
Aloisia Freund_________
2
Purchase agreements shall be Froning, Rudolf, et al________
available on eligible soybeans in all Fujii, Kakichi______________
areas.
Hertz, Arnold__________
b Time. Loans and purchase agree Jana, August F_____________
ments shall be available through Decem Kemmer, Cecilia__ __________
ber 31, 1948. Notes and chattel mort Khler, Ida----------------------gages, note and loan agreements, and Kcking, Emma Josephine___
purchase agreements, must be signed by Pagis, Francois, and Paul the producer and delivered or mailed to Berche____________________
the county committee prior to January 1, Peltzer Gebrueder A. G _____
1949.
Schneider, Victor J_________
c Source. Loans shall be made Servo-Frein Dewandre_______
available to producers direct by PMA
Soelch, John Fred__________
Commodity offices and by lending agen Army Department cies under lending agency agreements with CCC. Purchase agreements shall Rules and regulations:
be available through the offices of the Reservoir areas, public use of county committees.
certain; miscellaneous amend Continued on p. 5647
ments _________ _____________
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