AGRICULTURAL RELIEF
Mr. KercEaM. You are not surrendering that, are you?

Mr. Gray. No; we are not surrendering the fee at all. Weare
endeavoring to safeguard this revolving fund; the fundamental prin-
ciple connected with this, we have been supporting for five years.

Mr. Jones. I understand thoroughly your position with reference
to the major point, but I was wondering if you are going to yield this
other point. If you are trying to meet the objections of the President
do you think you will satisfy him by yielding what he seems to regard
as a minor point and insisting on what the President would regard
the major point?

a Mr. Kercaam. That is part of the measure, as I understand Mr.
ray.

Mr. Gray. Yes. I was starting to explain awhile ago that our
suggested amendment, in regard to the advisory council, gives to
those councils considerably more contact with the administration of
the Federal Farm Board, and to say that it seems to some that the
make-up of the board, as now written in H. R. 7940, is too severe
from this point of view—that the producer is too far removed from
his board and that the make-up of the advisory council should be given
more authority.

Mr. Jones. What was your suggestion?

Mr. Gray. Before I start reading it, I confess, Mr. Thompson, and
members of the committee, that in my discussion 1 have only been
allottea certain grounds to cover, and in doing so I might encroach
upon what has been allotted the gentlemen who follow me, and I
want to apologize to those gentlemen if I cover any ground which
they are holding in their minds to cover; but, I presume if two or
three cover the same ground or particular projects, it will not be time
wasted, because it will give the committee different slants on the same
proposition.

In reading section 4, as is hera suggested in an amendment, I do
not present it in its final shape 1s presented to you as a suggested
amendment, only, of section - Lt reads as follows:

The board is hereby authorized and directed———

Mr. KercEAM. You mean this is a substitute for section 4?

Mr. Gray. The amendments are changes to be made in section
: and which you will notice as I read it by comparison to the printed

Mr. Kercaam. You are not reading beginning with section 4,
subsection A?

Mr. Gray. No. I am skipping the first four lines of section 4 and
commencing in the middle of line 22. [Reading]
The board is hereby authorized and directed to create an advisory council of
seven members fairly representative of the producers in each Federal loan bank
district. Members of each council shall be selected annually at a convention
called to meet at such time and place as the board designates by proper notice
sent to the farm organizations and cooperative associations in the district eligible
to participate in such convention. Members of each council shall cerve without
salary but may be paid by the board per diem compensation not exceeding $20
for attending meetings of the council and for time devoted to other business of
the council and authorized by the board. Each council member shall be paid
by the board his necessary traveling expenses to and from meetings of the
council and his expenses incurred for subsistence, or per diem allowance in lieu
thereof, within the limitations prescribed by law, while engaged upon the business
of the council. Each advisory council shall be designated bv the number of the
Federal land bank district it represents.