Federal Register - December 9, 1941
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Source: Federal Register
EDERAL
VOLUME 6
REGISTER
1934
-tf-
NUMBER 238
A ilT E O
Washington, Tuesday, December 9, 1941
Rules, R egulations, O rders TITLE 6AGRICULTURAL CREDIT
CHAPTER IICOMMODITY CREDIT
CORPORATION
Amendment No. 1 to 1941 C.C.C. Rice Form 1Instructions P art 2251941 R ice L oans AM ENDM ENTS
TO
W A R EH O U SE
R E G U L A T IO N S
R E C E IP T S
AN D
G O V E R N IN G
FA R M
STO R
AGE
The 1941 Commodity Credit Corpora tion Rice Loan Instructions 1941 C.C.C.
Rice Form l 1 are hereby amended to read as follows:
1. Section 225.5 is hereby amended to read as follows:
225.5 Warehouse receipts. Ware house receipts must not include insur ance, must be dated on or prior to the date of the related note, must be is sued to and in the name of the pro ducer and endorsed by him in blank so as to vest title in the holder, and must be issued by an approved ware house. Commodity Credit Corporation will not accept warehouse receipts indi cating any lien for charges prior to un loading in or delivery to the warehouse issuing such receipts. Liens for storage charges will be recognized by Commodity Credit Corporation only from Septem ber 1,1941, or the first day of the month during which the warehouse receipts are pledged as security to a loan under the 1941 Rice Loan Program, whichever is later. Such receipts must set out in their written or printed terms the num ber of bushels, the gross weight, and va riety of the rice represented thereby, and, in addition, if stored in bags, the num ber of bags of rice; must set out or be accompanied by certificates issued by the Agricultural Marketing Service of the United States Department of Agricul ture stating the variety, grade, milling quality, percentage of moisture, and dockage if any of the rice represented thereby: Provided, however, That, in the 16 FJR. 6708.
case of any loans made by any rice co operative association in accordance with the 1941 Rice Cooperative Association Contract 1941 C.C.C. Rice Form C , such information may be shown as pro vided in such contract; and must set out all other facts and statements re quired to be stated in the written or printed terms of a negotiable warehouse receipt by section 2 of the Uniform Warehouse Receipts Act.
2. Section 225.6 is hereby amended to read as follows:/
225.6 Ftm storage. In accordance with regulations issued by the Secretary of Agriculture, the State and county ag ricultural conservation committees will inspect and approve farm storage facil ities and will arrange for measuring, weighing, sampling, grading, and sealing the rice collateral in approved structures.
Chattel mortgages securing notes on 1941 C.C.C. Rice Form A must cover a single variety of rice and must be exe cuted, signed, and recorded or filed in accordance with the applicable State law.
Producers may obtain information and assistance from the county agricultural conservation committees in regard to the execution and filing of such chattel mortgages. Where the borrower is a tenant farmer and the rice collateral is stored on the farm, the expiration date of the lease shall be given in section 1 d of the chattel mortgage. If the expiration date of the lease is prior to June 30, 1942, or, in the case of rice stored in California, September 30, 1942, the borrower must secure from the owner and any other interested parties, consent that the rice collateral may re main in the described storage struc ture s for a period of sixty days beyond the maturity date of the note without charge except as provided in these in structions. The consent agreement is set forth in the chattel mortgage. Each producer must designate in section 1 b of the chattel mortgage a shipping point reasonably convenient for delivery of the rice as determined by the county com mittee. Notes and chattel mortgages will not be acceptable if they provide a
CONTENTS
RULES, REGULATIONS, ORDERS
T itle 6 A gricultural C redit :
Commodity Credit Corporation:
Rice loan instructions, 1941;
amendments___________
Page
6295
T itle 7 A griculture :
Agricultural Adjustment Ad ministration:
Peanuts, procedure for deter mination of 1942 acre age allotments_________
6296
T itle 10 A r m y : W ar D epartment :
Aid of civil authorities, etc., reg ulations governing secrecy of troop movements______
6298
T itle 26 I nternal R ev enue :
Bureau of Internal Revenue:
Coin-operated amusement and gaming devices, bowling alleys, billiard and pool tables; excise taxes--------Processing tax on certain oils, am endm ents______
6298
6298
T itle 29 L abor :
Wage and Hour Division:
Passenger motor carrier in dustry, minimum wage rates__________________
T itle 31M oney and F ina n ce :
6303
T reasury :
Monetary Offices:
Japan, revocation of licenses, etc., relating to foreign exchange transactions 6304
T itle 32 N ational D e fe n se :
Export Control: Economic De fense Board:
Schedule No. 24------------- 6306
Office of Price Administration:
Old rags, price schedule-- 6307
Office of Production Manage ment:
Electric power, supplement to limitation order____ 6307
R e p a i r s , interpretation of preference rating order 6307
Selective Service System:
Forms prescribed 3 docu ments ____________ 6305,6306
Continued on next page
6295