Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

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AGRICULTURAL RELIEF 303 Every person who violates any such regulation of the board shall be liable to a civil penalty of $100 for each such offense. Such penalty may be recovered in a civil suit brought by the board in the name of the Untied States. (b) The board shall prepare and issue, or cause to be prepared and issued, all export debentures, and shall prescribe the terms and conditions in respect of export debentures. The Secretary of the Treasury, upon request of the board, is authorized to have such debentures prepared at the Bureau of En- graving and Printing. (¢) Export debentures issued under authority of this act shall be obligations »f the United States within the definition in section 147 of the act entitled “An act to codify, revise, and amend the penal laws of the United States,” approved March 4, 1909, as amended. (d) Any person who shall make any false statement for the purpose of rraudulently procuring, or shall attempt in any manner fraudulently to procure, he issuance or acceptance of any export debenture, whether tor the benefit of such person or of any other person, shall be fined not more than $2.000 or moprisoned not more than one year, or both. COOPFRATION WITH EXECUTIVE DEPARTMENTS Sec. 9. (a) It shall be the duty of any governmental establishment in the swwecutive branch of the Government, upon request by the board or upen Execu- ive order, to cooperate with and render assistance to the board in carrying yout any of the provisions of this act and the regulations of the board. The hoard shall, in cooperation with any such governmental establishment, avail tself of the services and facilities of such governmental establishment in order ro avoid preventable expense or duplication of effort. (b) Upon request by the board the President, by Executive order, (1) may ransfer any officer or employee from any department or independent establish- ment in the executive branch of the Government, irrespective of his length of service in such department or independent establishment, to the service of the board, and (2) may direct any governmental establishment to furnish the board with such information and data pertaining to the functions of the bvard as may be contained in the records of such governmental establishment, and may prescribe such limitations as to the use of the information and data as he deems desirable. WFFINITICONS Sec. 10. As used in this Act— (a) The term ‘ person” means individual, partnership, corporation, or asso- ration. (b) The term “ United States,” when used in the geographical sense, means rontinental United States. (¢) The term “fiscal year of the United States ” means the twelve-month period ending June 30. (d) The term “tobacco” means leaf tobacco, stemmed or unstemmed. SEPARARILITY Sec. 11. If any provision of this act is declared unconstitutional or the ap- plicability thereof to any person or circumstance is held invalid, the validity of the remainder of the act and the applicability thereof to other persons or Mircumstances shall not be affected thereby. ADMINISTRATIVE APPROPRIATION Sec. 12. For expenses in the administration of the functions vested in the soard by this act, there is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, the sum of $50,000 to be available to the board for necessary expenses incurred prior to July 1, 1929. Mr. Xercaam. Mr. Chairman and members of the committee, ander the order of the committee this day and possibly some sub- sequent days have been set aside for a hearing upon the so-called export debenture plan, H. R. 10568. It is not my purpose at this time to take the time of the committee in making any statement

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