Page:United States Statutes at Large Volume 56 Part 1.djvu/794

 PUBLIC LAWS-CH. 578-OCT. 2, 1942 Maximum prices for agricultural commod- ities. Parity price. Ante, p. 27. Highest price in cer- tain period. Processed agricul- tural commodities. Provios. Adjustments to cor- rect inequities. Modifications in es- tablished maximum prices. Margin for process- ing. Weighting to farm labor. Wages and salaries. 52 Stat. 1060. 29 U. S.C. §5201- 219; Supp. I, § 207 (b) (2). 49 Stat. 449. 29U..c.. 151- 166. Proviso. Adjustments. are inconsistent with the provisions of this Act, but he may not under the authority of this Act suspend any other law or part thereof. SEC. 3. No maximum price shall be established or maintained for any agricultural commodity under authority of this Act or otherwise below a price which will reflect to producers of agricultural com- modities the higher of the following prices, as determined and pub- lished by the Secretary of Agriculture- (1) The parity price for such commodity (adjusted by the Secretary of Agriculture for grade, location, and seasonal differ- entials) or, in case a comparable price has been determined for such commodity under and in accordance with the provisions of section 3 (b) of the Emergency Price Control Act of 1942, such comparable price (adjusted in the same manner), or (2) The highest price received by such producers for such commodity between January 1, 1942, and September 15, 1942 (adjusted by the Secretary of Agriculture for grade, location, and seasonal differentials), or, if the market for such commodity was inactive during the latter half of such period, a price for the commodity determined by the Secretary of Agriculture to be in line with the prices, during such period, of other agricul- tural commodities produced for the same general use; and no maximum price shall be established or maintained under authority of this Act or otherwise for any commodity processed or manufactured in whole or substantial part from any agricultural commodity below a price which will reflect to the producers of such agricultural commodity a price therefor equal to the higher of the prices specified in clauses (1) and (2) of this section: Provided,That the President may, without regard to the limitation contained in clause (2), adjust any such maximum price to the extent that he finds necessary to correct gross inequities; but nothing in this section shall be construed to permit the establishment in any case of a maximum price below a price which will reflect to the producers of any agri- cultural commodity the price therefor specified in clause (1) of this section: Provided further, That modifications shall be made in maxi- mum prices established for any agricultural commodity and for commodities processed or manufactured in whole or substantial part from any agricultural commodity, under regulations to be prescribed by the President, in any case where it appears that such modification is necessary to increase the production of such commodity for war purposes, or where by reason of increased labor or other costs to the producers of such agricultural commodity incurred since January 1, 1941, the maximum prices so established will not reflect such increased costs: Provided further, That in the fixing of maximum prices on products resulting from the processing of agricultural commodities, including livestock, a generally fair and equitable margin shall be allowed for such processing: Provided further, That in fixing price maximums for agricultural commodities and for commodities proc- essed or manufactured in whole or substantial part from any agri- cultural commodity, as provided for by this Act, adequate weighting shall be given to farm labor. SEC. 4. No action shall be taken under authority of this Act with respect to wages or salaries (1) which is inconsistent with the provisions of the Fair Labor Standards Act of 1938, as amended, or the National Labor Relations Act, or (2) for the purpose of reducing the wages or salaries for any particular work below the highest wages or salaries paid therefor between January 1, 1942, and September 15, 1942: Provided, That the President may, without regard to the limi- tation contained in clause (2), adjust wages or salaries to the extent that he finds necessary in any case to correct gross inequities and also aid in the effective prosecution of the war. 766 [56 STAT.

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