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promptly in every case where, after Notice of Sale, such sale is cancelled by the exporter or by the importer and the reason for such cancellation. In any case where the Administrator is of the opinion that such cancellation was made with the intent of obtaining the benefit of higher rates of payment subsequently announced under this subpart he may refuse to confirm any sale thereafter made either by such exporter or to such importer, or he may confirm such sales and make payment thereon provided that, up to the quantity equal to the quantity included in the cancelled sale or sales, payment shall be made on the basis of the rate announced for the period during which such sales are made or the rate applicable to the previously cancelled sale, whichever is the lower.
Also, in any case where any wheat or wheat flour covered by a sale confirmed pursuant to 571.3 is not exported at the expiration of the period specified in this subpart and the Administrator deter mines that such sale remained unfilled in order to enable the exporter or im porter to receive the benefit of higher rates of payment on other sales under this program, he may refuse to make payment to an exporter until such un filled sales are completed, or he may make payment, in which event payment on the quantity equal to such unfilled quantity shall be made on the basis of the rate applicable to the unfulfilled sale or the completed sale, whichever is lower.
571.8 Records and accounts. Each exporter shall maintain accurate records showing sales and deliveries of wheat or wheat flour exported or to be exported in connection with this program. Such records, accounts, and other documents relating to any transaction in connection with this program shall be available during regular business hours for inspec tion and audit by authorized employees of the United States Department of Agri culture, and shall be preserved for two years after the effective date of this offer.
571.9 Set-off. The Secretary may set off, against any amount owed to any exporter hereunder, any amount owed by such exporter to Commodity Credit Corporation, the United States Depart ment of Agriculture, or any other agency of the United States.
571.10 Assignments. No exporter shall, without the written consent of the Administrator, assign any right of the exporter against the Secretary here under.
571.11 Good faith. If the Adminis trator determines that any exporter has not acted in good faith in connection with any transaction hereunder or has failed to discharge fully any obligation assumed by him hereunder, such ex porter may be denied the right to con tinue participating in this program or the right to receive payments hereunder in connection with any sales previously made under this program, or both.
571.12 Amendment and termina tion. This offer may be amended or ter minated by the Secretary at any time by public announcement of such amend-

RULES AND REGULATIONS
ment or termination. Any such amend agreements will be made available to ment or termination shall not be appli producers and cooperative marketing cable to sales for export which other associations of producers hereinafter wise comply with the terms of this offer referred to as the producer on eligible made before the effective time and date rice produced in 1949 in accordance with of such amendment or termination.
this bulletin.
571.13 Persons not eligible. No Sec.
655.101 Administration.
agency of the Federal Government and 655.102 Availability of loans and purchases.
no member or delegate to Congress, or 655.103 Approved lending agencies.
resident commissioner, shall be admit 655.104 Eligible producer.
ted to any share or part of any payment 655.105 Eligible rice.
made under this offer or to any benefit 655.106 Eligible storage.
that may arise therefrom, but this pro 655.107 Approved forms.
vision shall not be construed to extend 655.108 Determ ination of quantity.
655.109 Determ ination of dockage.
to a payment made to a corporation for 655.110 Liens.
its general benefit.
655.111 -Service fees.
571.14 Definitions. When used in 655.112 Set-offs.
this subpart the term:
655.113 Interest rate.
655.114 Transfer of producers equity.
a Secretary means the Secretary 655.115 Safeguarding of the rice.
of Agriculture or his authorized repre 655.116 Insurance.
sentative.
b Administrator means Adminis655.117 Loss or damage to the rice.
655.118 Personal liability.
trator, Production and Marketing Ad 655.119 M aturity and satisfaction.
ministration, U. S. Department of Agri 655.120 Removal of the rice under loan.
culture, or his authorized representative.
655.121 Release of th e rice under loan.
c Wheat Agreement means the In 655.122 Purchase of notes.
655.123 PMA commodity offices.
ternational Wheat Agreement ratified by the President on June 17, 1949, pur Au t h o r ity : 655.101 to 655.123 issued suant to the advice %nd consent of the under sec. 5 a Pub. Law 806, 80th Cong., Senate.
sec. 1 a , Pub. Law 897, 80th Cong.; 62 S tat.
1072, 1247.
d Wheat Council meansthe Inter national Wheat Council established by 655.101 Administration.
In the Article X III of the Wheat Agreement.
field the program will be administered e Wheat means wheat grown in the through State PMA committees, county United States and as defined in the Of agricultural conservation committees ficial Grain Standards of the United hereinafter referred to as county com States.
mittees and PMA commodity offices.
f Wheat flour or flour means flour Forms will be distributed through the processed in the United States from offices of State and county committees.
wheat, but shall not include wheat prod All loan and purchase documents will be ucts produced during a continuing proc completed and approved by the county ess of manufacturing processed wheat committee, which will retain copies of products other than flour or flour mixes all such documents. The county com which are composed principally of wheat mittee may designate in writing certain flour.
employees of the county agricultural g Sale includes a contract to sell.
conservation association to approve such i Effective date. This offer shall be ef forms on behalf of the committees.
fective on August 1, 1949.
655ll02 Availability of loans and No te : The record keeping and reporting purchase agreements a Area. Loans requirements contained herein have been and purchase agreements will be avail approved by the Bureau of the Budget in able on eligible rice produced in the accordance with Federal Reports Act of 1942.
States of Arkansas, Louisiana, Cali Dated this 29th day of July 1949.
fornia, Mississippi, Missouri, and Texas.
b Time. Loans and purchase sea l!
R a lph S . T rigg, agreements will be available through Administrator.
January 31, 1950, and the applicable F . R. Doc. 49-6328; Filed, Aug. 3, 1949;
documents must be signed by the pro 8 :4 6 a. m.
ducer and delivered to the county com mittee not later than such date.
c Source. Loans and purchase agreements will be made through the 1949 C. C. C. Rice Bulletin 1
offices of county committees. Disburse P art 655 R ice ments on loans will be made to producers by State PMA offices by means of sight S itbpart 1949-C rop R ice L oan and drafts drawn on CCC, or by approved P urchase Agreement lending agencies under agreements with 1949-CROP RICE PRICE SUPPORT PROGRAM
CCC.
BULLETIN
655.103 Approved lending agencies.
This bulletin states the requirements An approved lending agency shall be any with respect to the 1949-Crop Rice Priee bank, cooperative marketing associa Support Program formulated by Com tion, corporation, partnership, indi vidual, or other legal entity with which modity Credit Corporation hereinafter referred to as CCC and the Production CCC has entered into a Lending Agency Agreement Form PMA-97 or other form and Marketing Administration herein after referred to as PMA. The program prescribed by CCC, or a loan servicing will be carried out by PMA under the agreement.
general direction and supervision of the 655.104 Eligible producer. An eli Manager, CCC. Loans and purchase gible producer shall be an individual.