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VOLUME 15

NUMBER 155

Washington, Friday, August 11, 1950
TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter CLoans, Purchases, and Other Operations
1950 CCC C otton -B u lletin 1
P art S ubpart

1950

607 C o t t o n C otton L oan P rogram
1950 COTTON LOAN BULLETIN

This bulletin contains the instructions and requirements with respect to the 1950 Cotton Loan Program of Commod ity Credit Corporation hereinafter re ferred to as CCC formulated by CCC
and the Production and Marketing Ad ministration hereinafter referred to as PMA. Loans will be made available on upland cotton produced in 1950, in accordance with this bulletin.
Sec.
607.101 A dm inistration.
607.102 A vailability of loans.
607.103 Producer.
607.104 Eligible producer.
607.105 Eligible co tton .
607.106 Forms.
607.107 Approved len d in g agency.
607.108 Approved storage.
607.109 A m ount, w eight, and rate.
607.110 Preparation of docum ents.
607.111 Liens.
607.112 Set-offs.
607.113 C lassification of cotton .
607.114 M ethod o f ob tain in g loans.
607.115 Lending agency.
607.116 In terest rate.
607.117 M aturity.
607.118 Safeguarding farm -storage cotton .
607.119 W arehouse receipts and in su ran ce.
607.120 Insurance on farm -storage cotton .
607.121 W arehouse charges.
607.122 Tender of n otes by len d in g agencies.
607.123 Loans on order b ills of lading.
607.124 Advance loans.
607.125 Loans prior to A ugust 1, 1950.
607.126 R epaym ents.
607.127 C otton cooperative m arketing asso ciation loans.
607.128 C ustodial offices.
607.129 PMA Com m odity Offices.
607.130 S ch ed u le of prem ium s and d is co u n ts for u p land cotton .
Auth o r ity : 607.101 t o 607.130 issu ed under sec. 4, 62 S tat. 1070, as amended; 15
tT. S. C. Supp., 714b. Interpret or apply sec. 5, 62 S tat. 1072, secs. 101, 401, 63 S ta t.
1051, 1054; 15 TJ. S. C. Supp., 714c.

607.101 Administration. Under the general direction and supervision of the President, CCC, the Cotton Branch and other appropriate branches of PMA will carry out the provisions of this pro gram. In the field, the program will be administered through PMA commodity offices, State PMA Committees, and county PMA committees hereinafter referred to as county committees.
Forms will be distributed by the appli cable PMA commodity office and will be available at the offices of county committees, approved lending agencies, approved warehouses, and others desig nated to assist in administering the loan program.
607.102 Availability of loans. Loans will be available to eligible producers on eligible cotton.
a Area. 1 Loans orj eligible cot ton stored in approved warehouses will be available in all areas.
2 Loans on eligible cotton stored in approved structures, on or off the farm hereinafter referred to as farm stor age , will be available in the States and counties for which loan rates will be established.
3 Loans on eligible cotton covered by bills of lading will be available in areas specified by the applicable PMA
commodity office.
b Time. Loans will be available from the date the loan rates are an nounced through April 30, 1951.
c Source. Loans may be obtained by producers from approved lending agen cies or from the applicable PMA com modity office.
607.103 Producer. A producer shall be any individual, partnership, corpora tion, association, trust, estate, or other legal entity, or a State or political sub division thereof, or an agency of such State or political subdivision, producing upland cotton in 1950 in the capacity of landowner, landlord, tenant or share cropper.
607.104 Eligible producer. A pro ducer will be entitled to a loan on eligible cotton produced by or for him in 1950 on a farm for which a 1950 cotton acreage allotment has been determined under Title III of the Agricultural Adjustment Act of 1938, as amended and supple mented, if all of the following require ments are met:
C on tin u ed o n n ext page
CONTEN TS
Agriculture Department
Pa€e
See Commodity Credit Corpora tion; Production and Market ing Administration.
Air Force Department
Rules and regulations:
Officers Reserve; eligibility___ 5197
U. S. Air Force bases overseas, use by civil aircraft domestic or foreign; sales__________ 5197
Alien Property, Office of
Notices:
Vesting orders, etc.:
Askania Regulator Co______
Chevalier, Jules Marcel____
De Beaumont, Henry Martial Emile du Boscq__________
Gluck, Oskar____ _____
Internationalt Forbund Til Beskyttelse Af Komponistrettigheder I___________
Joachim, Richard H. M_____
Killeen, Edward V., and Dragoi Batzouroff______ _
Polatschek, Suse Fuerst____
Raming, Hermann_________
Relling, Robert____ _______

5217
5218
5217
5218
5218
5218
5217
5217
5217
5216.

Civil Aeronautics Board
Notices:
Hearings, etc.:
Meteor Air Transport, Inc 5213
Piedmont Aviation, Inc., and/
or Eastern Air Lines, Inc.;
service to Lumberton, N. C- 5213
Trans-Texas Airways______ 5213
Commerce Department
See Industry and Commerce, Office of.
Committee on Purchases of Blind-Made Products
Rules and regulations:
Purchases of blind-made produ c ts __ ______ _____________

5197

Commodity Credit Corporation
Rules and regulations:
Cotton; 1950 loan bulletin____

5187

Defense Department
See Air Force Department; Mili tary Renegotiation Policy and Review Board.
Federal Communications Com mission
Proposed rule making:
Television broadcast service;
utilization of frequencies in the Band 470-890 Mes_____ 5212
5187