Page:United States Statutes at Large Volume 56 Part 1.djvu/55

 56 STAT.] 77TIr CONG. , 2D SESS.- CH. 26-JAN. 30, 1942 to subsection (a) of this section which is applicable to such com- modity at the time of sale or delivery, but such sale price may be below such maximum price or below the purchase price of such com- modity, and the Administrator may make recommendations with respect to the buying or selling, or storage or use, of any such com- modity. In any case in which a commodity is domestically produced, the powers granted to the Administrator by this subsection shall be exercised with respect to importations of such commodity only to the extent that, in the judgment of the Administrator, the domestic pro- duction of the commodity is not sufficient to satisfy the demand therefor. Nothing in this section shall be construed to modify, sus- pend, amend, or supersede any provision of the Tariff Act of 1930, as amended, and nothing in this section, or in any existing law, shall be construed to authorize any sale or other disposition of any agri- cultural commodity contrary to the provisions of the Agricultural Adjustment Act of 1938, as amended, or to authorize the Adminis- trator to prohibit trading in any agricultural commodity for future delivery if such trading is subject to the provisions of the Commodity Exchange Act, as amended. (f) No power conferred by this section shall be construed to authorize any action contrary to the provisions and purposes of section 3, and no agricultural commodity shall be sold within the United States pursuant to the provisions of this section by any gov- ernmental agency at a price below the price limitations imposed by section 3 (a) of this Act with respect to such commodity. (g) Regulations, orders, and requirements under this Act may con- tain such provisions as the Administrator deems necessary to prevent the circumvention or evasion thereof. (h) The powers granted in this section shall not be used or made to operate to compel changes in the business practices, cost practices or methods, or means or aids to distribution, established in any industry, except to prevent circumvention or evasion of any regulation, order, price schedule, or requirement under this Act. (i) No maximum price shall be established for any fishery com- modity below the average price of such commodity in the year 1941. AGRICULTURAL COMMODITIES SEC. 3. (a) No maximum price shall be established or maintained for any agricultural commodity below the highest of any of the following prices, as determined and published by the Secretary of Agriculture: (1) 110 per centum of the parity price for such com- modity, adjusted by the Secretary of Agriculture for grade, location, and seasonal differentials, or, in case a comparable price has been determined for such commodity under subsection (b), 110 per centum of such comparable price, adjusted in the same manner, in lieu of 110 per centum of the parity price so adjusted; (2) the market price prevailing for such commodity on October 1, 1941; (3) the market price prevailing for such commodity on December 15, 1941; or (4) the average price for such commodity during the period July 1, 1919, to June 30, 1929. (b) For the purposes of this Act, parity prices shall be deter- mined and published by the Secretary of Agriculture as authorized by law. In the case of any agricultural commodity other than the basic crops corn, wheat, cotton, rice, tobacco, and peanuts, the Secretary shall determine and publish a comparable price whenever he finds, after investigation and public hearing, that the production and con- sumption of such commodity has so changed in extent or character since the base period as to result in a price out of line with parity prices for basic commodities. 27 Restriction on im- portations. Designated laws not affected. 46 Stat. 590. 19 U.S. C.. 1001- 1654; Supp. I, §§ 1309 (a), 1351 note. Post,p. 283 . 52 Stat. 31. 7 U. S. C. §§1281- 1407; Supp. I, ch. 35. Post, pp. 41, 51, 121, 653. 49 Stat. 1491. 7U.S.C., ch.1. Limitation with re- gard to agricultural commodities. Prevention of eva- sions. Changes in business practices, etc. Price of fishery com- modity. Maximum price provisions. Post, p. 765. Parity prices. Comparable prices of other than basic crops.

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