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. O N A L 4

IT

VOLUME 14

N lT tO

NUMBER

Washington, Friday, July 8, 1949

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C Loans, Purchases, and Other Operations
1948 C. C. C. Corn B ulletin 1, Supp. 2

P art 606C orn S ubpart1948 C orn R eseal L oan P rogram 1 9 4 8 CORN PRICE SUPPORT PROGRAM

This bulletin states the requirements with respect to a program hereinafter referred to as the corn reseal program to extend loans on 1948-crop corn in farm-storage and to make farm-storage loans available on 1948-crop corn covered by purchase agreements in areas where loans were available. The program lias been formulated by the Commodity Credit Corporation hereinafter referred to as CCC and the Production and Mar keting Administration hereinafter re ferred to as PMA as part of the 1948
Corn Price Support Program 13 P. R.
5417, 5899, 6227, 6529, 8175 and 14 P. R.
917. The program will be carried out by PMA under the general supervision and direction of the Manager, CCC.
Sec.
606.51
606.52
606.53
606.54
606.55
606.56
606.57
606.58
606.59
606.60
606.61
606.62
606.63
606.64
606.65

Applicable sections of 1948 corn loan program.
Availability.
Eligible producer.
Eligible corn.
Approved storage.
Approved forms.
Quantity eligible for resealing.
Liens.
Additional service fees.
Set-oifs.
Transfer of producers equity.
Storage payment for 1949-50 period.
M aturity and satisfaction.
Loan rates.
PMA commodity offices.

Authority : 606.51 to 606.65, Issued u n
der sec. 1 a , 62 Stat. 1247, sec. 5 a , 62
Stat. 1072.

606.51 Applicable sections of 1948
corn loan program. The following sec tions of the 1948 Corn Price Support Pro gram, published in 13 F. R. 5417, 5899, 6227, 6529, 8175, and 14 F. R. 917, shall be applicable in their entirety to the 1948
Corn Reseal Program:

606.1 Administration; 606.8 Deter CONTENTS
mination of quantity; 606.9 Determina tion of dockage; 606.13 Interest rate; Agriculture Department 606.15 Safeguarding of the corn; See Commodity Credit Corpora 606.16 Insurance; 606.17 Loss or dam tion; Production and Marketing age to the com; 606.18 Personal liabil Administration.
ity; 606.20 Removal of the corn under loan; 606.21 Release of the corn under Alien Property, Office of loan; 606.22 Purchase of notes. Other Notices;
Vesting orders, etc. :
sections of the 1948 Cprn Price Support Bruning, Nicholas-------------Program Bulletin shall be applicable to Herold, Eugene Richard____
the extent indicated herein.
Kuhn, Martha____________
606.52 Availability a Area.
Lehn, Max J ______
The reseal program willvbe available in Satake, Iwajiro______
all areas where loans were available Simonelli, Rosa Pratos______
under the 1948 Corn Price Support Pro Wasserman, A. E_________
gram. Only farm-storage loans will be made or extended under this program. Civil Aeronautics Board b Time. The producer who desires Notices:
Accident at Memphis, Tenn.;
to participate in the reseal program hearing__________________
rather than to liquidate his loan, or sell his corn to CCC under his purchase Proposed rule making:
Air transportation of cargo, agreement, must make application to temporary authorization___
the county committee and sign and de liver the applicable documents to the Rules and regulations:
Air traffic rules____________
county committee not later than October Tariffs, transportation furnished 31, 1949.
under trade agreements____
c Source. Producers desiring to participate in the reseal program should Civil Service Commission make application to the county commit Rules and regulations:
tee, which approved his loan or purchase Reduction in force, retention agreement.
preference regulations Corr. _
Loans on corn covered by purchase Coast Guard agreements will be made direct by CCC
only and disbursement will be made by Notices;.
Field organization changes___
sight draft drawn on CCC by the State Commodity Credit Corporation PMA office.
Rules and regulations:
606.53 Eligible producer. An eligi Corn; 1948 reseal loan program.
ble producer shall be any individual, Potatoes, Irish; 1949 price suppartnership, association, corporation, or port purchase program_____
other legal entity who produced the corn Federal Power Commission in 1948 as landowner, landlord, tenant, Notices :
or sharecropper, and who either com Hearings, etc.:
pleted a loan or signed a purchase agree Bureau of Reclamation_____
ment on farm-stored corn of the 1948
Gonzales, Jose Barrera, and crop.
Central Power and Light Co_
Jersey Central Power & Light 606.54 Eligible corn. Eligible corn Co------------------------------shall be ear or shelled field corn produced Southern California Edison in 1948. Such corn must be in farmCo--------storage, must never have been com Texas Eastern Transmission mingled with corn produced by others, Corp---------------------------and must be under loan or covered by a United Gas Pipe Line Co___
purchase agreement.
a The beneficial interest in such Housing Expediter, Office of com must be in the producer tendering Rules and regulations:
Kansas and Wisconsin:
the corn for a loan and must always have Housing----------------been in him or in him and a former proRooms in rooming houses and Continued on next page other establishments_____
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