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FEDERAL
VOLUME 20

i UTTERA
SCRIPTA
MANET
116_____J.

1934

Wanted

NUMBER 121

Washington, Wednesday, June 22, 1955

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Commodity Stabilization Service and Commodity Credit Cor poration, Department of Agriculture Subchapter B Loans, Purchases, and Other Operations
1955 C. C. C. Cotton Bulletin 1
P art 427 Cotton Subpart 1955 Cotton L oan P rogram 1 9 5 5 COTTON BULLETIN

This bulletin contains the regulations specifying the instructions and require ments with respect to the 1955 Cotton Loan Program of Commodity Credit Corporation hereinafter referred to as CCC formulated by CCC and the Com modity Stabilization Service hereinafter referred to as CSS. Loans will be made available on upland and extra long staple cotton produced in 1955, in accordance with this bulletin.
Sec.

427.601
427.602
427.603
427.604
427.605
427.606
427.607
427.608
427.609
427.610
427.611
427.612
427.613
427.614
427.615
427.616
427.617
427.618
427.619
427.620
427.621
427.622
427.623
427.624
427.625
427.626
427.627
427.628
427.629
427.630

427.631
427.632

Administration.
Availability of loans.
Approved lending agency.
Producer.
Eligible producer.
Eligible cotton.
Forms.
Approved storage.
Rate and weight.
Preparation of documents.
Service charges and deposits.
Fees.
Liens.
Set-offs.
Classification of cotton.
Interest rate.
Maturity.
Safeguarding farm-stored cotton.
Warehouse receipts and insurance.
Insurance on farm-stored cotton.
Warehouse charges.
Loans on order bills of lading.
Loans on cotton to be reconcen trated.
Advance loans.
Loans on upland cotton prior to August 1 , 1955.
Tender of notes by lending agen cies.
Loss or damage to pledged cotton.
Transfer of producers interest.
Repayments.
Cotton Cooperative Marketing Association Loans.
Custodial offices.
Schedule of premiums and dis counts for upland cotton and loan rates for extra long staple cotton.

A tjth o ritt : 427.601 to 427.632 issued under sec. 4, 62 Stat. 1070, as amended; 15
U. S. C. 714b. Interpret or apply sec. 5, 62
Stat. 1072, secs. 101, 401, 63 Stat. 1051, 1054;
15 U. S. C. 714c, 7 TJ. S. C. 1441, 1421.

CONTENTS

Agricultural Conservation ProPa&e gram Service and regulations:
427.601 Administration. Under the Rules Hawaii, agricultural conserva general direction and supervision of the tion, 1955; miscellaneous Executive Vice President, CCC, the Cot amendments_______________ 4366
ton Division and other appropriate Di visions of CSS will carry out the Agricultural Marketing Service provisions of this subpart. In the field, Rules and regulations:
Plums grown in California ; reg the program will be administered ulation by grades and sizes 5
through the New Orleans CSS Commod docum ents___________ 4363-4365
ity Office, 120 Marais Street, New Or Potatoes, Irish, grown in Wash leans 16, Louisiana referred to in this ington; limitation of ship subpart as the New Orleans office, ments_____________________ 4366
and Agricultural Stabilization and Con servation referred to in this subpart as Agricultural Research Service ASC State and county committees Rules and regulations:
referred to in this subpart as State Khapra beetle quarantine; re committees and county committees, re vised administrative instruc spectively. Forms will be distributed tions designating premises as by the New Orleans office and will be regulated areas under supple available at county ASC offices referred mental regulations.________ 4361
to in this subpart as county offices and at approved lending agencies, approved Agriculture Department warehouses, and others designated to See Agricultural Conservation Program Service; Agricultural participate in the loan program. State Marketing Service; Agricultural and county committees and the New Or Research Service; Commodity leans offices do not have authority to Credit Corporation.
modify or waive any of the provisions of this subpart or any amendments or Civil Aeronautics Administra supplements hereto.
tion 427.602 Availability of loans a Rules and regulations:
Enforcement procedures; civil Loans. Loans will be available to eligible penalties_______ ._____ _____ 4367
producers on eligible cotton and will be made available through warehouse, Coast Guard farm-stored, and bill of lading loans.
Notices:
b Area. Loans on cotton covered by Equipment:
bills of lading will be available in areas Approval_________ _______ _ 4370
specified by the New Orleans office.
Termination of approval____ 4373
Warehouse and farm-stored loans will be Commerce Department available on:
1 Upland cotton wherever produced See Civil Aeronautics Administra tion; Maritime Administration.
in the continental United States.
2 Extra long staple cotton produced Commodity Credit Corporation in areas designated in this subparagraph. Rules and regulations:
i American-Egyptian cotton pro Cotton loan program, 1955__ 4353
duced in Cochise, Graham, Greenlee, Defense Mobilization Office , Maricopa, Mohave, Pima, Pinal, Santa Notices:
Cruz, and Yuma Counties, Arizona; Im Withdrawal of request to par perial and Riverside Counties, Califor ticipate in activities of Signal nia; Dona Ana, Eddy, Luna, Otero, and Corps Integration Committee Sierra Counties, New Mexico; and on H y d r o g e n Thyratron Tubes _______________ - 4388
Brewster, Culberson, El Paso, Hudspeth, Jeff Davis, Loving, Pecos, Presidio, Federal Power Commission Reeves, Terrell, and Ward Counties, Notices:
Texas, at the rates shown in 427.632.
Hearings, etc.:
Arizona Public Service Co----- 4382
Continued on next page 4353