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FEDERA!
VOLUME 4

REGSTER
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1934

NUMBER 156

Washington, Tuesday, August 15, 1939
Rules, Regulations, Orders TITLE 6AGRICULTURAL CREDIT
COMMODITY CREDIT
CORPORATION
1939 W ool C ircular L etter N o . 1

207.13 Insurance. As stated in Sec tion 13 of the printed regulations 1939
CCC Wool Form 1, holders of notes on 1939 CCC Wool Forms A or B desiring for their protection, until such time as the notes are purchased by Commodity Credit Corporation, insurance coverage in addition to that provided by the ware housemen, should obtain such additional coverage at their own risk.
Under the type of warehouse agree ment referred to in Section 5 of the printed regulations, the warehouseman agrees to insure the wool and mohair for its full market value and to keep same insured, so long as the receipts are out standing, against loss or damage by fire and/or lightning and/or windstorm.
Commodity Credit Corporation has ob tained a blanket insurance policy cover ing any difference between the market value of the wool or mohair, plus accrued interest and charges, in the event the market value, at the time and place of the loss, is less than the amount of loan plus accrued interest and charges. This policy also protects the Corporation in the event the warehouseman fails to pro vide the insurance under the arrange ment referred to and also covers any loss or damage tothe wool or mohair for the amount of the loan, plus accrued interest and charges, which may arise from any physical loss or damage from any exterj nal cause.
The premium under this policy is % of one cent per $100 per month on the daily average balance of the outstanding loans with respect to the insurance of ware housemen and physical loss or damage from external causes. Premium for any difference between loan and market value is at the rate of two cents per $100 per month on the actual amount of such dif ference. This latter premium is to be reported and forwarded only in the event that the market value of the pledged col
lateral is less than the loan value, plus CONTENTS
interest and accrued charges.
RULES, REGULATIONS, ORDERS
Banks and other lending agencies de siring to obtain this coverage should write T itle 6Agricultural C redit :
Pag Commodity Credit Corporation, Wash Commodity Credit Corporation:
ington, D. C., and the necessary certifi 1939 Wool C ircular Letter cate, together with forms for reporting No. 1 ________________ 3597
thereunder, will be forwarded for accept 1939 Wool Circular Letter No.
ance. Upon purchase by Commodity 2, supplemental instruc Credit Corporation, no allowance will be tions_________________ 3597
made to cover the cost of insurance ob tained by lending agencies.
T itle 7Agriculture:
207.1 e Eligible paper. Since all Agricultural Adjustment Ad wool must be appraised prior to the com ministration:
pletion of a loan on 1939 CCC Wool Forms Advances to persons to en A or B, notes should not be dated prior able them to obtain in to the date of the appraisers certificate 1939 CCC Wool Form D.
surance from Federal 207.11 Lending agencies. Interest Crop Insurance Corpora will be paid to lending agencies tendering tion__________________ 3598
notes for purchase under the provisions Agricultural conservation pro of 1939 CCC Wool Form H, from the date gram bulletin, 1938, Sup of the note or the date of the appraisers plement No. 26_______ 3598
certificate, whichever is later, to the date Division of Marketing and Mar of purchase.
keting Agreements:
Approved May 3, 1939.
Mesa County, Colo., order seal S amuel H. S abin, regulating handling of Secretary.
peaches_____ __________ 3599
F. R. Doc. 39-2981; Filed, August 14, 1939;
9:40 a. m.
T itle 16C ommercial P ractices:
Federal Trade Commission:
1939 W ool C ircular Letter N o . 2
Casa Blanca Cigar Co., etc., SUPPLEMENTAL INSTRUCTIONS
et al, cease and desist or 207.3a Mohair loan basis.
der __________________ 3604
Section 3 a of the Instructions 1939 T itle 20E mployees B enefits :
CCC Wool Form l 1is hereby amended to United States Employees Com provide the following classifications and pensation Commission:
grease mohair loan values:
Claims for compensation and administrative procedure:
C e n ts p er C lassification P o in t of sto rag e pound E m e r g e n c y relief em ployees, enrolled per K id _____
34
sonnel in Civilian Con A d u lt___ _____ ____ d o _________
24
K id
33
servation Corps, etc__ 3606
A d u lt__________
23
Officers Reserve Corps and Enlisted Reserve Corps Such increased loan values shall be of Army____________ 3605
effective immediately.
T itle 26I nternal R evenue :
Approved May 23, 1939.
Bureau of Internal Revenue:
seal " S amuel H. S abin , Secretary.
Stamp taxes on issues and transfers of stocks and F. R. Doc. 39-2982; Filed, August 14, 1939;
9:41 a. m.
bonds, etc____________ 3607
14 FJEt. 2045 DI.

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