Page:United States Statutes at Large Volume 49 Part 1.djvu/809

 764 74Tx CO NGR ESS. SESS. I. CH. 641. AUGUST 24, 1935 . paid at the rate prescri bed by the regula tions of the Secr etary of Agriculture in effect on the date of the adoption of this amendment, during the period from such date to December 31, 1937, both dates inc lusiv e. Rate on rice . . a SPECIFIC TAX RATE-RICE cc (3) For the period from April 1, 1935, to July 31, 1936, both inclusive, the processing tax with respect to rice shall be levied, assessed, collected, and paid at the rate of 1 cent per pound of rough rice. On rye. C" SPECIFIC TAX RATE-MARKETING YEAR-FLOOR STOCKS-RYE (4) For the period from September 1, 1935, to December 31, 1937, bot h inc lusiv e, the proc essin g tax with respe ct to rye s hall be le vied, assessed, collected, and paid at the rate of 30 cents per bushel of Marketing year . fifty-six pounds . In the case of rye, the first marketing year shall be considered to be the period commencing September 1, 1935, and ending June 30, 1936 . Subsequent marketing years shall commence Vol. 48, pp . 40, 678, on July 1 and end on June 30 of the succeeding year . The provi- 1241 ; Ante, p . 48; Post, pp . 768_769, sions of section 16 of this title shall not apply in the case of rye . Rate on barley. " SPECIFIC TAX RATe-FLOOR STOCK S-BARLEY "(5) If at any time prior to December 31, 1937, a tax with respect to barley becomes effective pursuant to proclamation as provided in subse ction (a) o f thi s sec tion, such tax s hall be lev ied, asses sed, collected, and paid during the period from the date upon which such tax becomes effective to December 31, 1937, both inclusive, at the rate of 25 cents per bushel of forty-eight pounds . The provisions of section 16 of this title shall not apply in the case of barley . Adjustment of rate. ~' ADJLSTMENT OF RATE Decrease u rate to "(6) prev ent acc umu lati on ( (A) Any rate of tax which is prescribed in paragraph (2) n of surplus . (3), 4), or (5) of this subsection or which is established pursuant to t his paragraph (6 ) on the processi ng of any commodi ty generally or for any designated use or uses, or on the processing of the com- modity in the production of any designated product or products thereof for any designated use or uses, shall be decreased (including a decrease to zero) in accordance with the formulae, standards, and requirements of paragraph (1) of this subsection, in order to prevent such reduction in the quantity of such commodity or the products thereof domestically consumed as will result in the accumulation of surp lus stocks of su ch commodity or t he products there of or in the depression of the farm price of the commodity, and shall thereafter be i ncreased in acco rdance with the p rovisions of para graph (1) of this subsection but subject to the provisions of subdivision (B) of this paragraph (6). w hen inc reased rate "( B) If the average farm price of any commodity, the rate of tax antbonzed, on the processing of which is prescribed in paragraph (2), (3), (4), or (5) of this subsection or is established pursuant to this paragraph (6), during any period of twelve successive months ending after July 1, 1935, consisting of the first ten months of any marketing year and the last two mon ths of the preced ing marketing yea r- "(i) is equal to, or exceeds by 10 per centum or less, the fair exchange value thereof, or, in the case of tobacco, is less than the fair exchange value by not more than 10 per centum, the rate of such tax shall (subject to the provisions of subdivision (A) of this paragraph (6)) be adjusted, at the beginning of the next succeed- ing marketing year, to such rate as equals 20 per centum of the fair exchange value thereof.