Full text: Export debenture plan (Pt. 5)

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AGRICULTURAL RELIEF 
(f£) Shall meet at the call of the chairman or upon call of the other two 
members. 
(g) Shull keep advised, from any available sources, of crop prices, prospects, 
the probability of the existence of a surplus of any agricultural commodity or 
any of its food products. The board may advise producers through their 
organizations or otherwise in matters connected with the distribution and 
marketing of any such commodity, in order that the producers may secure the 
maximum benefits under this act. 
(h) Shall advise producers through their organizations or otherwise in the 
development of suitable programs of planting or breeding, in order that they 
may secure such benefits, 
EXPORT DEBENTURES 
Sec. 4. (a) On and after the 1st day of July next following the approval of 
this act the Secretary of the Treasury, under the regulations prescribed by the 
board, shall, subject to the limitations of this act, issue to any person in respect 
of any quantity of a debenturable agricultural commodity, or of any quantity 
of any debenturable product of such commodity, that is exported from the 
United States to a foreign country by such person, an export debenture in an 
amount computed at the debenture rate for such commodity or product, effective 
at the time of the exportation. 
(b) In order to procure the issuance of an export debenture, such person 
shall, within a reasonable time prior to the exportation to be prescribed under 
regulations of the board (1) make application for such debenture, and (2) 
submit proofs satisfactory to the board either that the quantity of the debentur- 
able agricultural commodity to be exported was produced in the United States 
and lias not previously been exported therefrom, or that the agricultural com- 
modity used in making the quantity of the debenturable product to be exported 
was produced in the United States and the agricultural commodity and the 
debenturable product have not previously been exported therefrom. 
(¢) Any export debenture, when presented by the bearer thereof within one 
year from the date of issuance of the debenture, shall be receivable at its face 
value by any collector of customs, or deputy collector of customs or other 
person authorized by law or by regulation of the Secretary of the Treasury to 
perform the duties of collector of customs, in payment of duties collectible 
against articles imported by such bearer. 
(d) Title to any export debenture shall be transferable by delivery. 
DFBENTURABLE COMMODITIES AND PRODUCTS 
Sec. 5. For the purposes of this act, wheat, corn, rice, fruit, swine, cattle, 
poultry, cotton, tobacco, and any other agricultural commodity which is desig- 
nated by the President under section 6(b), shall be known and are referred 
to as debenturable agricultural commodities. Any food product of wheat, corn, 
rice, fruit, swine, cattle, or poultry, or any manufactured product of cotton, 
tobacco, or any other agricultural commodity designated by the President under 
section 6(b), shall be known and is referred to as a debenturable product if a 
debenture rate is prescribed for such product in section 6(b) or is prescribed 
for such product by the President under section 6(e). 
EXPORT DERENTURE RATES 
SEC. 6. (a) The following export debenture rates are hereby prescribed : 
(1) Swine, one-quarter of 1 cent per pound; fresh pork, three-eights of 1 
cent per pound ; bacon, hams, shoulders, and other pork, prepared or preserved, 
1 cent per pound; lard, one-half of 1 cent per pound. 
(2) Cattle weighing less than one thousand and fifty pounds, three-fourths 
of 1 cent per pound; cattle weighing one thousand and fifty pounds or more, 
1 cent per pound; fresh beef and veal, 1% cents per pound. . 
(3) Corn or maize, including cracked corn, 7% cents per bushel of fifty-six 
pounds; corn grits, meal, and flour, and similar products, 15 cents per one 
hundred pounds. | 
(4) Paddy or rough rice, one-half of 1 cent per pound; brown rice (hulls 
removed), five-eighths of 1 cent per pound ; milled rice (bran removed), 1 cent 
per pound; broken rice. and rice meal. flour. polish, and bran. one-quarter of 
1 cent per ponnd
	        
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