Federal Register - October 20, 1953
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Source: Federal Register
O N AL
VOLUME 18
I iTTCD Y
v,
19 3 4
c?y < O/v it ED
NUMBER 205
Washington, Tuesday, October 20, 1953
c The wool must be covered by the TITLE 6 AGRICULTURAL CREDIT following documents, as applicable:
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C Loans, Purchases, and Other Operations
Amdt. 1
P art 672W ool S ubpart 1953 W ool P rice S upport P rogram S horn W ool
MISCELLANEOUS AMENDMENTS
The regulations issued by Commodity Credit Corporation and the Production and Marketing Administration, contain ing requirements of the 1953 Wool Price Support Program Shorn Wool and published in 18 F. R. 2914, are hereby amended as follows :
1. Section 672.402 is amended to read as follows:
672.402 Eligible persons. Loans will be made by CCC to approved handlers for the benefit of growers who have title and beneficial interest in the wool and for the benefit of cooperative marketing associations, as defined in 672.426 a , whose grower-members have beneficial interest in the wool. A grower, also re ferred to in this subpart as a producer, is a person who, at the time of shearing, owns the sheep or lambs as well as the wool shorn therefrom.
2. In 672.403, paragraphs a, b, and c are amended to read as follows:
a The wool must be shorn from sheep or lambs in the continental United States or Territories during the calendar year 1953, except as stated in the proviso under paragraph b of this section.
b The wool must be received by the handler from the grower thereof or from a pool of such growers and, in either event, the grower must at all times have had title and beneficial interest in the wool: Provided, That wool, shorn dur ing the calendar years 1951 and 1953, in which beneficial interest is, and always has been, in the grower though title to the wool was transferred from the grower to a cooperative marketing association, as defined in 672.426 a, of which he is a member, is also eligible.
1 If the wool is delivered to a han dler by a grower, Producers Designation of Handler, in a form prescribed or ap proved by CCC and signed by the grower, to act as the growers representative in commingling the growers wool with wool delivered by other growers, in pledging such wool as security for loans, in re demption of such wool from loans, and in receiving and distributing proceeds.
Such documents shall include a state ment by the grower that the wool cov ered thereby was shorn during the cal endar year 1953, that he owned the sheep or lambs from which such wool was shorn, and that title and beneficial in terest hi such wool are and always have been in him since the wool was shorn, and that such wool is free and clear of liens and encumbrances except those in favor of lienholders listed in the docu ments and who have signed a lien holders waiver in form prescribed or approved by CCC. The handler shall ob tain such a document from each grower delivering to the handler wool which may be pledged as security for advance or nonrecourse loans, except that if the wool was placed in a pool the document shall comply with subparagraphs 4
and 5 of this paragraph. An authori zation by a grower to borrow from, and to pledge wool to, CCC pursuant to this subpart, will be construed as an author ization to borrow from, and to pledge wool to, either CCC or a bank having a lending agency agreement with CCC.
2 If the wool is delivered to the handler by a cooperative marketing as sociation, as defined in 672.426 a , Cooperative Marketing Associations Designation of Handler, in a form pre scribed or approved by CCC and signed by the association, to act as the associa tions representative in commingling the associations wool with wool delivered by others pursuant to this subpart, in pledg ing such wool as security for loans, in redemption of such wool from loans, and in receiving and distributing proceeds.
In addition, certifications by each growermember with reference to the wool which he produced in accordance with 672.403
c 7 shall be on file either with the association or with the handler. The handler shall obtain a Cooperative Mar keting Associations Designation of hanContinued on next page
CONTENTS
Agriculture Department Page See Animal Industry Bureau ;
Commodity Credit Corpora tion ; Production and Marketing Administration.
Animal Industry Bureau Proposed rule making:
Meat inspection; miscellaneous amendments______ 1----------- 6645
Rules and regulations:
Vesicular exanthema; designa tion of areas in which swine are affected__________ 1----- 6644
Army Department Rules and regulations:
Reserve Officers T r a i n i n g Corps; miscellaneous amend ments, correction__________ 6645
Commodity Credit Corporation Rules and regulations:
Wool, shorn, price support pro gram, 1953 ; miscellaneous amendments_______________ 6641
Defense Department See Army Department.
Federal Communications Com mission Rules and regulations:
Radio broadcast services; edi torial changes_____________ 6645
Federal Power Commission Notices:
Hearings, etc.:
Atlantic Seaboard Corp. and Virginia Gas Transmis sion Corp----------------------6650
Central Kentucky Natural Gas Co_________________ - 6651
Colorado Interstate Gas Co__ 6654
Commonwealth Natural Gas Corp____________________ 6651
El Paso Natural Gas Co------- 6653
Iowa-Illinois Gas and Electric Co. 2 documents___ 6649,6650
Natural Gas Pipeline Co. of America et al------------------- 6650
Nevada Natural Gas Pipe lin e Co___ ______________ 6652
Roanoke Pipe Line Co______ 6652
San Diego Gas & Electric Co_ 6652
Texas Eastern Transmission Corp____________________ 6649
Texas Gas Transmission Corp______ -_______________ 6650
United Fuel Gas Co------------- 6650
6641