Page:United States Statutes at Large Volume 49 Part 1.djvu/819

 774 74T H CONGRESS. SESS. I. CH. 641. AUGUST 24, 1935. o peratio n undert aken, o r to red uce sub stantial ly the amount o f any product processed in the United States from any commodity subject to and with respect to which an adjustment program is in operation, under this title, he shall cause an immediate investigation to be made by the United States Tariff Commission, which shall give precedence to investigations under this section to determine such facts. Such Notice required. investigation shall be made after due notice and opportunity for hearing to interested parties and shall be conducted subject to such regulations as the President shall specify. Proclamation impos- a (b) If on the basis of such investigation and report to him of ing import restrictions . 7 findings and recommendations made in connection therewith, the President finds the existence of such facts, he shall by proclamation impose such limitations on the total quantities of any article or articles which may be imported as he finds and declares shown by such investigation to be necessary to prescribe in order that the entry of such article or articles will not render or tend to render ineffective or materially interfere with any program or operation undertaken, or will not reduce substantially the amount of any product processed in the United States from any commodity subject to and with respect to which an adjustment program is in operation, under this title : Total Provided, That no limitation shall be imposed on the total quantity ot al quantity of Y imports. of any article which may be imported from any country which reduces such p ermissib le tota l quanti ty to l ess tha n 50 per centum of the average annual quantit y of suc h artic le whic h was im ported from such country during the period from July 1, 1928, to June 30, 1933, both dates inclusive .' Effe ctive date of im. " ( c) No import restriction proclaimed by the President under this port restriction . sec tion nor anv r evoc ation, su spens ion, , or modi ficat ion there of s hall become effective until fifteen days after the date of such proclama- tio n, re voca tion, sus pensi on, or mo difi catio n . Finality of Presi- " ( d) Any decision of the President as to facts under this section de nt's deci sion. shall be final. Suspension or modi- " ( e) After investigation, report, finding, and declaration in the fic ation of proclama - tion . manner provided in the case of a proclamation issued pursuant to subsection (b) of this section, any proclamation or provision of such proclamation may be suspended by the President whenever he finds that the circumstances requiring the proclamation or provision there of no l onger ex ist, or may be modifie d by the Presid ent when - ever he find s that c hanged circumst ances r equire s uch mod ificatio n to carry out the purposes of this section ." Annual appropria- SEC. 32. There is hereby appropriated for each fiscal year beginning t Amount. with the fiscal year ending June 30, 1936 an amount equal to 30 per Pos t, pp. 1151, 1755 . centum of the gross receipts from duties collected under the customs laws during the period January 1 to December 31, both inclusive, pre- sepa rate fu nd to be ceding the beginning of each such fiscal year. Such sums shall be maintained ; uses. maintained in a separate fund and shall be used by the Secretary of Agriculture only to (1) encourage the exportation of agricultural commodities and products thereof by the payment of benefits in connection with the exportation thereof or of indemnities for losses incurred in connection with such exportation or by payments to pro- ducers in connection with the production of that part of any agricul- tural commodity required for domestic consumption ; (2) encourage the domestic consumption of such commodities or products by divert- ing them, by the payment of benefits or indemnities or by other means, from the normal channels of trade and commerce ; and (3) finance adjustments in the quantity planted or produced for market of agri- Exp endi tu e. cultural commodities. The amounts appropriated under this section s hall be expende d for su ch of t he above -specif ied purp oses, a nd at such times, in such manner, and in such amounts as the Secretary of Agriculture finds will tend to increase the exportation of agricultural