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REGISTER

EDERAL
VOLUME 13

934

Wanted

NUMBER 226

Washington, Friday, November 19,1948

TITLE 6 AGRICULTURAL
CREDIT
Chapter il Production and Market ing Administration Commodity Credit 1948 Cotton Loan Instructions, Supp. 4
P art 256C otton L oans ADVANCE LOANS

The 1948 Cotton Loan Instructions 1948 C. C. C. Cotton Form 1 13 F. R.
4338, as amended, are hereby further amended by adding 256.243 to read as follows:
256.243 Advance loans, a Com modity Credit Corporation hereinafter called CCC will make advance loans available to producers on warehouse stored cotton in areas where producers are experiencing difficulty in securing loans under the regular 1948 Cotton Loan Program of CCC because of undue delay in the classification of their cotton by Boards of Cotton Examiners of the United States Department of Agricul ture. Loans under the program will be available upon the terms and conditions stated in 256.221 to 256.237, and 256.240, except as follows: 1 Loans will be available to pro ducers only in those states and counties in which a determination has been made by the appropriate State PMA Commit tee that a need for the program exists and only during the period in which the Committee determines that the program is needed. Upon making a determina tion that the program is required, the State PMA Committee will notify the County Agricultural Conservation Com mittees hereinafter called county com mittees for the counties in which the loans will be available. When the State PMA Committee determines that the pro gram is no longer required, it will in struct the county committees to discon tinue the program.
2 In order to be eligible for a loan, cotton must not have been classed by a Board of Cotton Examiners and must otherwise meet the requirements speci fied in paragraph b of 256.221.
3 Theamount of the loan on each bale will be $50.
4 Loans may be obtained only through county committees. Producers who wish to obtain loans should take the warehouse receipts representing their
cotton to the county committees, which CONTENTS
will assist the producers in the prepara tion and execution of 1948 Cotton Pro Agriculture Department ducers Note and Loan Agreements. Pro See also Commodity Credit Corpo ducers must execute a separate loan form ration.
for each bale of cotton on which a loan Notices:
is obtained. The Warehousemans Cer Seiling Livestock Sales Co.;
tificate and Storage Agreement thereon posted stockyards-------------will not be executed by the warehouse Proposed rule making:
man. The Clerks Certificate thereon Milk handling in Columbus, will be executed by an approved clerk Ohio, area__ _____________
employed by the county committee, and Rules and regulations:
the county committee will collect a fee Milk handling in St. Louis, Mo., from the producer for its services at not area___ __________________
to exceed the fee specified in 256.227.
Office of Plant and Operations, The county committee will disburse the organization and functions;
amounts of loans by issuing sight drafts discontinuance of codifica on CCC.
. tion______________ _______
5 It is anticipated that producers Alien Property, Office of will ordinarily repay their loans by con verting them to loans under the regular Notices:
Vesting orders, etc.:
1948 Cotton Loan Program of CCC, as Berthiez, Charles William___
provided in paragraph b of this Sec Colleoni, Leone__ _________
tion. However, where a producer does Fenske, Elisabeth_________
not wish to follow this method, he may Fisch, Arthur______ i______
repay a loan by payment to the county Illein, Martha, et al________
committee from which the loan was ob Knoop, Allrike, et al_______
tained of the amount due on the loan.
Koenig, Franz Carl________
The producers copy of the note must Lienau, Robert___________
accompany the payment. The payment Mano, Mine, et al-------------should be made by postal money order, Metzger, August---------------cashiers check, or certified check, pay Monji, Jukichi____________
able to Commodity Credit Corporation.
Oda, Isamu Sam__________
Upon receipt of payment, the county Pfisterer, Hilda, et al---------committee will mark the note Paid and Reichkredit Gesellschaft, A. G_
return the note and warehouse receipt to Reichs - Kredit - Gesellschaft, the producer.
A. G_______ ____ - _____
b When producers obtain the classi Sakata, Minoru Hajime------fication by a Board of Cotton Examiners Schoenberg, Arnold-----------of cotton on which they have received Sumii, Hango, and Kazue advance loans as provided in paragraph Sumii_______
a ,of this section, they may obtain loans Taga, Yoshitaugu-------------on such cotton under the regular 1948
Wakayama, Kinzo-------------Cotton Loan Program of CCC. The pro Waki, Nobuo-------------------visions of 256.221 to 256.237, 256.239, Weitzel, Frank X__________
and 256.240 will be applicable to such Wurzel, Peter_____________
loans, except as follows:
1 Loans may be obtained only American Battle Monuments through county committees. The pro Commission ducer must take his duplicate copies of Rules and regulations:
the 1948 Cotton Producers Note and Loan Editorial changes incident to Agreements evidencing the advance publication of Code of Federal loans on his cotton to the county com Regulations, 1949 edition___
mittee from which the advance loans Recodification of chapter__ _
were obtained. The county committee Army Department will assist the producer in the prepara Rules and régulations:
tion and execution of a 1948 Tete, La------------------------6757

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