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REGISTER

FEDERAL
9 3 4

VOLUME 6

Oa/it EO

NUMBER 92

Washington, Saturday, Ma 20, 1941
Rules, Regulations, Orders TITLE 6AGRICULTURAL CREDIT
CHAPTER IICOMMODITY CREDIT
CORPORATION
Amendment No. 61940-41 C.C.C. Cotton Form 1Instructions P art
2151940-41

C otton L o a n s 1

TIME AND MANNER OF LOANS AND PURCHASE

Pursuant to the provisions Of Title III, section 302 a of the Agricultural Ad justment Act of 1938, as amended 52
Stat. 43; 7 U.S.C., Sup., 1302 Commodity Credit Corporation has authorized the making of loans and the purchase of pa per of producers of cotton, secured by pledge of cotton warehouse receipts, in accordance with the regulations of this part 1940-41 C.C.C. Cotton Form 1
Instructions. Such regulations are amended as follows:
Section 215.12, Time and manner of loans and purchase, is amended to read as follows:
215.12 Time and manner of loans and purchase. Commodity Credit Cor poration will purchase eligible paper, as defined above, only from lending agencies which have executed and delivered prior to May 1, 1941, to the loan agency to which notes are submitted Contract to Purchase 1940-41 C.C.C. Cotton Form D obtainable only from loan agencies.
Under the terms of this contract, lending agencies are required to report on 1940-41
C.C.C. Cotton Form F all payments or collections on producers notes held by them, and to remit promptly to the Re gional Office, Commodity Credit Corpora tion, Masonic Temple Building, New Or leans, Louisiana, an amount equivalent to 1 percent per annum interest on the principal amount collected from the date of the note to the date of payment.
Notes must be tendered on Lending Agencys Letter of Transmittal 1940-41
C.C.C. Cotton Form C in duplicate prior to July 1, 1941, or within 10 days after written demand by Commodity Credit Corporation, to the loan agency 15

FU. 3639.

serving the district in which the cotton is stored as indicated in section 15 hereof.
The purchase price to be paid by Com modity Credit Corporation for notes ac cepted will be the face amount of such notes, plus accrued interest from their respective dates to the date of payment of the purchase price at the rate of 2
percent per annum.
Lending agencies desiring to carry pro ducers notes secured by cotton stored in the district served by Little Rock, Arkan sas and Oklahoma City, Oklahoma, should complete a contract to purchase with these loan agencies in addition to any contract to purchase heretofore com pleted with any other loan agency. Sec tion 302 a, 52 Stat. 43; 7 U.S.C., Sup., 1302.
Section 215.16, as amended, is further amended to provide that upon repayment of a note held by a lending agency prior to purchase by Commodity Credit Cor poration, the loan agreement should be detached and mailed to the Regional Of fice, Commodity Credit Corporation, Ma sonic Temple Building, New Orleans, Louisiana, with the remittance as pro vided in 215.12 above.
Dated: February 14, 1941.
seal
C. C. F arrington, Vice President.
F. R. Doc. 41-3375; Filed, May 9, 1941;
11:28 a. m.

Amendment No. 51940-41 C.C.C. Cotton Form 1Instructions P art
2151940-41

C otton L o a n s 1

release of cotton
Pursuant to the provisions of Title III, section 302 a of the Agricultural Ad justment Act of 1938, as amended 52
Stat. 43; 7 U.S.C., Sup., 1302 Commodity Credit Corporation has authorized the making of loans and the purchase of paper of producers of cotton, secured by pledge of cotton warehouse receipts, in accordance with the regulations in this part 1940-41 C.C.C. Cotton Form 1In structions. Such r e g u l a t i o n s are amended as follows:

CONTENTS
RULES, REGULATIONS, ORDERS
T itle 6 A gricultural C redit :

PaSe
Commodity Credit Corporation:
Cotton loans, 1940-41:
R e p a y m e n t s 2 docu ments _________ 2361,2362
Time and manner of loans and purchase----------- 2361
T itle 7 A griculture :

Sugar Division, Agricultural Ad justment Administration:
Domestic beet sugar area, 1941
sugar quota----------------T itle 24 H ousing C redit :
United States Housing Au thority:
Equivalent elimination of un safe or insanitary dwell ings_________________
T itle 29L abor :
Wage and Hour Division:
Puerto Rico, minimum wage recommendations for the straw hat, manufactured cocoanut, and vegetable packing industries______
T itle 45P ublic W elfare :
Civilian Conservation Corps:
Enrollees, eligibility for re selection______________
NOTICES
Department of Agriculture:
Surplus Marketing Administra tion:
Handling of milk, marketing agreements:
Boston, Mass___________
Kansas City, Mo --------Federal Communications Com mission:
Globe Wireless Ltd., order for investigation-----------------Federal Power Commission:
Peoples Power Co., hearing post poned_________________
Securities and Exchange Com mission:
Union Electric Co., of Missouri, et al., notice regarding filing-------------------------Continued on next page
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