Page:United States Statutes at Large Volume 42 Part 1.djvu/1028

 1000 SIXTY—SEVENTH CONGRESS. Sess. II. Cr-1. 369. 1922. grower thereof, or in case either party to the contract is the owner or renter of land on which the same is to be grown, or rs an association pf sirch owners, or growers of grain, or of such owners or renters of an ; or ¤¤d¤ by m¤¤b¤* of (b) Where such contract is made b or through a member of a mm mm’m` board of trade which has been designated by the Secretary of Agriculture as a "contract mar·ket," as_ ereinafter %ovided, and if such contract IS evidenced by a record in writing w ch shows the date, P. _ the parties to such contract and their addresses, the piipperty covered Pruervatinn or me- and its price and the terms of dehvery:_Pr0mded, at each board °‘°’°' ""“‘ member shall kee such record for a lperrod of three years from the date thereof, or fgr a longer Slperiod the Secretary of Algriculture www *¤ i¤$1>¤¤¤<>¤· shall so direct, which record all at all times be open to e inspec- ` tion of any re resentative of the United States Department of Agriculture or the United States lgtepartment of Justice. §,°*~"Sg, _Sec. 5. The Secretary of Agri ture is hereby authorized and wrvéuef b¤•¤<1¤ ¤f directed to designate any board of trade as a _ contract market camsam. when, and only when, such board of trade complies with and carries out the following conditions and requirements: _ . mg ’°“'“”“* (a) When located at a terminal market where cash gram of the wd specgrgled in th; clzntréicts oggale oflgain for future delfiverydto execu onsuc ar isso ins cientvoumesan uner such conditions as fairly to reflect the general value of the grain and the differences in value between the various grades of such grain, and where there iigrgailsillile St;} such bqaggrpfufrade fofliclgal mspection service a ro e cre 0 `c ture or the ose. ,,,gT,i°{,Td°§¤§°§d% (b)  the ggverning bolaurd thereof provides for tlliduirnaking g9g£-*j,g_ °‘ °¤¤¤*°· andfiling by the oard or any member thereof, as the Secretary of ' Agriculture may direct, of reports in accordance with the rules and regulations, an in such manner and form and at such times as ma be dprescribed by the Secretary of Agriculture, showing the detailg an terms of  transactions entered into by the board, or the members thereof, either in cash transactions consummated at, on, or in a board of trade, or transactions for future delive, and when such Mau mms- gqlvennqg btolarri provide? in acqoirdaancial with siulili rlules andxregu; _c,m8,e,c_ a ions, or e eeprng o a reco y the oar or the mem rs 0 the board of trade, as the Secretgiy of Agriculture may direct, showingthe details and terms of cash  future transactions entere into by them, consummated at, on, or m a board of trade, such record toibe in permanent form, showing the parties to all such transactions, including the persons for whom made, any assignments or transfers thereof,_with the parties thereto, and the manner in _ I which said transactions are fulfilled, discharged, or terminated. m,l,,',”°'m',‘°°{‘§f,‘g(,,‘§1Ss’?°°‘ Such record shall be required to be kept for a eriod of three years from the date thereof, or for a longer period if the Secretary of Agriculture shall so direct, and shall at all tunes be open to the inspection of anyaegresentatrye of the United States Department of Agriculture Pmm mm _ or Um States Department of Justice. mm, or pq¤,§'“§$f (Q) When the governing board thereof pgwides for the revention §{,¤g‘g§w{° *¤*m*¤*¤ of dissemination y the board or any mem 1- thereof, of f5se or misleading or knowingly inaccurate reports concemmé crop or market xnforniatgopeori qgndrtxons that affect or tend to act the price of gram m in rs a commerce. ¤1&?.°°s§ "` (dl WMD the governing board thereof provides for the prevention of mampulatron of prices or the cornering of any grain by the dealers _ or operators Kon such - membership m, and   privileges on, such board of trade, any duly { authorized representative of any lawfully formed and conducted cooperative association of producers having adequate financial respon-
 * ig;».:;>;I;g£.ame&°°}§ (0  _ 6 g0V0l'¤mg_b0ard thereof does not exclude from