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c RULES AND REGULATIONS

4876
The Commission, furthermore, wishes to emphasize its desire that as much of the American Merchant Marine insur ance coverage as is practicable be placed in the American insurance market.
Therefore, when a renewal of policies or new insurance is under negotiation by an operator subject to the provisions of this order, it is urgently requested that par ticular attention be given to the Com missions desire as herein expressed with regard to markets in which such insur ance may be placed, and that the Com mission be notified in ample time to give consideration to the pertinent facts and circumstances of each case, so that prior to the attachment of such insurance, ap proval thereof or suggested changes may be indicated.
d Inventories. Twenty-four hours notice shall be given to the Commission as to the time and place of inventorying classification-required spare parts, ships spare equipment, fuel and stores as are customarily inventoried and the cost of which is charged to the voyage accounts.
If, upon giving the above-required notice, the Commissions representatives are not present, the operator is to proceed with his inventory in the normal way. The operator may use his own inventory forms, one copy of which shall be sworn to by the persons taking the inventory, and included in the voyage accounting.
e Partial payments on account.
When partial payments are desired on account of operating-differential subsidy accruals, the operator should communi cate with the Chief, Bureau of Finance, who shall forward necessary instructions and forms to be used.
f Current financial reports. Current financial reports are to be submitted by each operator in the manner described below:
1 Balance sheet. To be prepared as of March 31st, June 30th, September 30th and December 31st of each calendar year, in conformity with the specimen ap pended to the uniform system of ac counts prescribed in General Order 22, and submitted as soon as practicable but not later than seventy-five 75 days after each of the aforesaid dates.
2 Income sheet. ! An income sheet shall be prepared for each calendar month, in conformity with the specimen appended to the uniform system of ac-

counts prescribed in General Order 22, terminations that occurred during the and submitted not later than thirty 30
last three months of the period only.
iii Subsequent adjustments to in days after the end of each month. The purpose of this income sheet is to obtain dividual voyages. In addition to sub currently a reasonably accurate reflec mitting voyage statements for those voy tion of the operating result of each ages which terminated during the cur month. In the preparation thereof, esti rent quarterly period, the operator should mated amounts may be used where nec also submit, on a single statement, a summary of the adjustments taken into essary.
ii An income sheet shall be preparedaccount during the current quarterly for the period January 1 to March 31 of period, but which were applicable to voy each calendar year, and from January 1 ages that terminated during preceding to the end of each succeeding quarter of quarterly periods of the current year.
At the final closing of each calendar the calendar year, in conformity with the specimen appended to the uniform year, a statement shall be prepared for system of accounts prescribed in Gen all adjustments applicable to terminated eral Order-22, and submitted as soon as voyages which have been recorded after practicable but not later than seventythe individual voyage statements were five 75 days after the end of the respec submitted. This statement shall be ar tive periods. These statements shall in ranged by vessels and voyages and reflect clude completed voyage accountings for the appropriate revenue and expense all voyages which terminated during the classifications. The total of the indi vidual voyage statements submitted dur period.
3 Vessel operating statementsi ing the year, added to the total shown on Summary statements. Summary state the statement, should be in agreement ments are to be submitted quarterly and with the amounts shown for Accounts 600
in the preparation thereof, the instruc and 700 on the Income Sheet.
4 Number of statements required.
tions outlined in paragraph 2 ii of the preceding caption shall apply. The The statements aforementioned in subamounts shown in the principal sum paragraphs 1, 2 and 3 i shall be mary statement for the revenue and ex submitted in triplicate, the statements pense of the voyages which terminated aforementioned in subparagraph 3 ii during the period should agree with the and iii shall be submitted in quintuplitotals reflected in the income sheet for cate, to the Secretary, United States Maritime Commission; Provided, That Accounts 600 and 700.
, In addition to the principal summary with respect to the calendar years 1947
statement mentioned in the preceding and 1948 only, the requirement that paragraph, separate summary state monthly and quarterly income sheets, ments are to be prepared as outlined in quarterly balance sheets and quarterly footnotes 1 and 3 on the vessel oper summary vessel operating statements, is ating statement appended to General modified by limiting the requirement to a semiannual basis for those years.
Order 22.
General. All reports and other ii Individual voyage statement. A g separate vessel operating statement shall communications called for by the fore be submitted for each terminated voyage going should be addressed to the Secre and should be prepared in conformity tary, United States Maritime Commis with the specimen voyage operating sion, Washington 25, D. C.
statement appended to General Order 22.
49 Stat. 2001-2007; 46 U. & C. 11711180
The statements for the voyages which terminated during the first quarter By order of the United States Maritime should accompany the income sheet for Commission.
that period, but, when submitting the Date: July 26, 1949.
income sheet showing accumulated re seal
R . L. M cD onald, sults from January 1st to June 30th, Assistant Secretary.
September 30th and December 31st, re spectively, these should be accompanied F. R. Doc. 49-6388; Filed, Aug. 5, 1949;
by individual voyage statements for the 8:46 a. m.

PROPOSED RULE MAKING
DEPARTMENT OF AGRICULTURE
Production and Marketing Administration 7 CFR, Part 201
R ules
and
R egulations U nder F ederal S eed A ct
NOTICE OF PUBLIC HEARING ON PROPOSED
AMENDMENTS

Pursuant to the provisions of section 402 of the Federal Seed Act, as amended 7 U. S. C. 1592, notice is hereby given of intention to promulgate amend ments, as hereinafter proposed, to the
rules and regulations of the Secretary of Agriculture 7 CFR 201.1-201.159 under said act. A public hearing with reference thereto will be held in Room 3709 in the South Building of the United States De partment of Agriculture, Independence Avenue between Twelfth and Fourteenth Streets SW., Washington, D. C., at 10:00
a. m. on the 30th day of August 1949.
All interested persons are invited to attend this hearing and to offer com ments with reference to the proposed amendments. Such comments may be presented orally or in writing. Any rela tive comments which cannot be made or presented in person at the hearing may
be transmitted by mail addressed to the Director, Grain Branch, Production and Marketing Administration, Washington 25, D. C., and will be considered if re ceived on or before the 30th day of August 1949.
Mr. E. J. Murphy, Grain Branch, Pro duction and Marketing Administration, is hereby designated as the presiding officer who shall conduct the aforesaid hearing, with power to do all things necessary and appropriate to the proper conduct of such hearing.
The proposed amendments are as fol lows: