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XO N AL

VOLUME 17

O y y f 3

NUMBER 227

Washington, Thursday, November 20, 1952
TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapler
C Loans, Purchases, Operations
and
Other
P art 672 W ool S ubpart1952 W ool P rice S upport
P rogram S horn W ool
MISCELLANEOUS AMENDMENTS

In order to extend the 1952 Wool Price Support Program to make price support available on all eligible wool shorn be fore January 1,1953, the bulletin stating the requirements with respect to the 1952
Wool Price Support Program for shorn wool 17 P. R. 7261 is amended as fol lows:
1. Delete the date November 30, 1952 appearing in 672.303 h and substitute therefor the date February 28, 1953.
2. Delete the date December 31,1952
appearing in 672.303 k and substitute therefor the date March 31, 1953.
3. Delete the date December 15,1952
appearing in 672.305 a and substitute therefor the date April 30,1953.
4. Delete the date November 30,1952
appearing in the first sentence of 672.306 and substitute therefor the date February 28, 1953.
5. Delete the date November 30,1952
appearing in the last sentence of 672.308 and substitute therefor the date February 28, 1953.
6. Delete paragraphs a and c of 672.309 and substitute the following therefor:
672.309 Nonrecourse loans a Ap plication. At any time after wool has been appraised, but not later than March 31, 1953, and after such wool has been packed in bags or bales, the han dler may make application for a non recourse loan i. e., a nonrecourse loan with a maturity date not later than April 30, 1953, which CCC will make, under the terms and conditions set forth in this subpart, on wool that has been appraised on such wool by executing and delivering to the PMA Commodity Office a note, in form prescribed by CCC, accompanied by warehouse receipts rep resenting the wool, Appraisal Certifi
cates, and such other documents as CCC
may specify.

c Disbursement by CCC and matu rity date. Upon receipt of the documents specified in this subpart, in proper form and properly executed by the handler, the PMA Commodity Office shall promptly pay to the handler the gross loan proceeds computed in accordance with paragraph b of 672.310, less any amount previously paid to the han dler in accordance with 672.305 as an advance loan with respect to such wool.
The note covering any nonrecourse loan made under the program after the agreement between the handler and CCC
is amended to extend the period during which price support will be available will be payable on or before April 30, 1953, together with interest at the rate of 3% percent per annum. Any note covering a nonrecourse loan made under the program which is payable on or be fore January 31, 1953, may be extended to become payable on or before April 30, 1953, together with interest at the rate of 3V2 percent per annum: Provided, That the handler shall save CCC harm less from any storage charges which accrue on, or before April 30, 1953, on wool pledged as security for such non recourse loan.
7. Delete the first sentence of 672.314
d and substitute the following there for:
d Charge for storage. A storage charge for any period after the date of the growers or pool managers authori zation of the handler to pledge such wool to CCC during which the handler has provided storage through, the ma turity date of the note covering the non recourse loan: Provided, That, if the nonrecourse loan is repaid before the maturity date, the handler shall refund to each grower or pool manager any storage charges deducted for the period from the date of repayment of the loan through the maturity date of such note.
8. Delete 672.314 f and substitute the following therefor:
f Advance. Any cash payments previously advanced by the handler to the grower or pool manager or any transportation charges paid on such wool Continued on p. 10589

CONTENTS
Agriculture Department See Commodity Credit Corpora tion; Production and Market ing Administration.
Air Force Department Rules and regulations:
Procurement procedures; bonds and insurance______________
Army Department Rules and regulations:
Decorations, medals, ribbons, and similar devices; decora tions for individuals; gold star lapel button___ ________
Commodity Credit Corporation Rules and regulations:
Wool; 1952 wool price support p r o g r a m ; miscellaneous amendments:
Pulled wool________________
Shorn wool_________________
Defense Department See Air Force Department; Army Department.
Defense Mobilization, Office of Notices:
Finding and determination of critical defense housing areas under the Defense Housing and Community Facilities Services Act of 1951________
Economic Stabilization Agency See Price Stabilization, Office of;
Rent Stabilization, Office of;
Salary Stabilization Board.
Federal Communications Com mission Rules and regulations;
Application for civil air patrol radio station construction permit; correction:
Aeronautical services_______
Practice and procedure_____
Federal Power Commission Notices:
Hearings, etc.:
California Oregon Power Co_
Cities Service Gas Co_______
Colorado Interstate Gas Co_
East Tennessee Natural Gas Co----------------------------------Ohio Valley Electric Corp. et al____ __________
Texas Eastern Transmission Corp. et al________________
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