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FEDERAL REGISTER

Thursday, March 31, 1955
ritories, possessions, and municipalities of the United States to cooperate in the observance of that week.
I also urge business, labor, agricul tural, educational, and civic groups, as well as people in the United States gen erally, to observe World Trade Week with gatherings, discussions, exhibits, ceremonies, and other appropriate ac tivities.
IN W ITNESS WHEREOF, I have hereunto set my hand and caused the Seal o f the United States of America to be affixed.

DONE at the City o f Washington this 25th day of March in the year o f our Lord nineteen hundred and seal fifty-five, and of the Independ ence of the United States of America the one hundred and seventyninth.

J o h n F oster D u l l e s ,
Secretary of State.
F .

R . D o c . 55-2688; F ile d , 1 :2 7 p . m .

M ar.

29,
1955;

TITLE 6 AGRICULTURAL CREDIT
Chapter I Farm Credit Administration
P a r t 6 E x c e p t i o n s F r o m t h e
Subchapter B Federal Farm Loan System
C o m p e t it iv e S e r v ic e P art
10 F e d e r a l
c o m p u t in g
L and B a n k s G en e r a lly
am ount
lo anable
to
one
borrow er
Effective upon publication in the F e d
e r a l R e g i s t e r , paragraph a
10 of 6.323 is revoked, paragraph h 18 is added to 6.123 and paragraph a 11
is added to 6.323 as set out below.
6.123 Department of Health, Edu cation, and Welfare.
h Public Health Service.
18 Positions directly and primarily related to the providing of services to Indians when filled by the appointment of Indians who are one fourth or more Indian blood.
6.323 Department of Health, Edu cation, and Welfare a Office of the Secretary.
11 One Assistant to the Secretary for Public Information.

Heretofore, when a Federal land bank loan was closed on the security of prop erty owned by two or more persons, the full amount o f the loan was charged against the borrowing capacity of each o f the owners, whether or not they in curred liability fo r the loan. I f a maxi mum loan was made in such cases, it meant that the borrowing capacity of each of the several owners was exhausted by the one loan and that none of them could obtain any further loan on sepa rate property which they owned indi vidually. I t is now desired to provide in such cases that the amount of the loan R . S. 1753, sec. 2, 22 S t a t . 403; 5 U . S . C . 631, shall be prorated, in accordance with 633; E . O . 10440, 18 F . R . 1823, 3 C F R 1953
their interest in the property, against S u p p .
the borrowing capacity o f each of the U n it e d S t a t e s C iv il S e r v
joint owners who is eligible as a borrower ic e C o m m is s io n , and liable for the indebtedness. To that seal W m . C. H u ll, end, 10.49 of Title 6 of the Code of Executive Assistant.
Federal Regulations 19 F. R. 8125 is F . R . D o c . 55-26 6 6; F ile d , M a r . 30, 1955;
amended by adding the following new 8 :5 0 a. m .
sentence at the end thereof: In apply ing the foregoing in cases where the in P a r t 6 E x c e p t i o n s F r o m t h e debtedness is secured by property owned C o m p e t it iv e S e r v ic e by two or more persons, the amount of the indebtedness shall be prorated, in ac post o f f ic e departm ent Effective upon publication in the F e d cordance with their interest in the prop eral R e g i s t e r , paragraph a 6 is erty, against the borrowing capacity of each of the joint owners who is eligible added to 6.309 as set out below.
as a borrower and liable for the indebted 6.309 Post Office Department a ness, but a loan on any one security may Office of the Postmaster General.
not exceed the maximum amount loan 6
One Assistant to the Executive able to any one borrower.
Assistant to the Postmaster General R . S. 1753, sec. 2, 22 S ta t . 403 ; 5 TJ. S . C . 631, 633; E . O . 10440, 18 F . R . 1823, 3 C F R 1953
Supp
S e c . 6, 47 S t a t . 14; 12 U . S. C . 665.

ic e
seal
IF .

R.

Doc.

M ar.

R. B.

seal
C o m m is s io n ,
30,
T ootell,
Governor, Farm Credit Administration.

W m . C. H u l l , Executive Assistant.
55-2665; F ile d , 8 :5 0 a . m .l
In te r
p r e t s o r a p p lie s sec. 12, S e v e n t h , 39 S t a t . 370, a s a m e n d e d ; 12 U . S . C . 771, S e v e n t h

U n it e d S t a t e s C iv il S e r v

1955;

F .

R.

D oc.

P art 472 W

ool
SUBPAR T 1955 IN C E N T IV E P A Y M E N T
PROGRAM FOR S H O R N W O O L

Chapter I Civil Service Commission
DEPARTMENT OP HEALTH, EDUCATION, AND
WELFARE

Subchapter B Loans, Purchases, and Other Operations
D w ig h t D . E is e n h o w e r
By the President:

RULES AND REGULATIONS
TITLE 5 ADMINISTRATIVE
PERSONNEL

Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agricul ture
55-2630; F ile d , 8 :4 5 a . m .

M a r . 30,
1955;

This bulletin states the requirements With respect to the 1955 incentive pay ment program fo r shorn wool, formu lated by Commodity Credit Corporation hereinafter referred to as CCC and the Commodity Stabilization Service here inafter referred to as CSS.
S ec .
472.600
472.601
472.602
472.603
472.604
472.605
472.606
472.607
472.608
472.609
472.610
472.611
472.612
472.613
472.614
472.615
472.616
472.617
472.618
472.619
472.620

A d m in i s t r a t i o n .
I n c e n t iv e le v e l a n d p a y m e n t s .
E l ig i b il it y f o r in c e n t iv e p a y m e n t s .
M a r k e t in g w i t h i n t h e 1955 m a r k e t
i n g y e a r.
S a le s i n g o o d f a i t h .
R a t e o f in c e n t iv e p a y m e n t .
C o m p u t a t io n o f p a y m e n t .
A p p li c a t i o n f o r p a y m e n t .
P r e p a r a t i o n o f a p p lic a t io n .
S ig n a t u r e o f a p p li c a n t .
P ay m en t.
D e d u c t io n s f o r p r o m o t io n .
A p p e a ls .
I n d i a n s r e s id in g o n r e s e r v a tio n s .
D e a t h , in c o m p e te n c y , o r o t h e r d is
a b i l i t y o f t h e a p p li c a n t .
S e t -o f f.
A s s ig n m e n t s .
I n s t r u c t i o n s a n d in t e r p r e t a t io n s .
R e c o rd s a n d i n s p e c t io n t h e r e o f.
D e fin it io n s .
F orm s.

A u t h o r it y : 4 72.600 t o 472.620 is s u e d u n d e r sec. 4, 62 S t a t . 1070, a s a m e n d e d ; 15
U . S . C . 714b. I n t e r p r e t o r a p p ly sec. 5, 62
S t a t . 1072, secs. 702-709, 68 S ta t . 9 10 -9 1 2;
15 U . S . C . 714c, 7 U . S . C . 1781-1787. 1446.

472.600 Administration. The pro gram will be carried out by CSS under the general supervision and direction of the Executive Vice President of CCC. In the field, the program will be adminis tered through the Agricultural Stabiliza tion and Conservation hereinafter referred to as ASC State and County Offices. ASC State and county offices do not have authority to modify any of the provisions of this subpart or any of the amendments or supplements thereto.
Neither are they authorized to waive any such provisions unless the power to waive is expressly included in the per tinent provision.
472.601 Incentive level and pay ments. For the 1955 marketing year beginning April 1, 1955, and ending March 31, 1956, both dates inclusive, 472.619, the price level which has been determined to meet the requirements of the National Wool Act of 1954 is 62 cents per pound of shorn wool, grease basis.
This price is approximately 106 percent o f the parity price as of September 15, 1954. Announcement of this price was made by the Department of Agriculture on October 12, 1954, in accordance with section 703 of the National Wool Act of 1954, which states that the Secretary shall, to the extent practicable, announce the support price levels for wool suffi ciently in advance of each marketing year as will permit producers to plan their production for such marketing