Page:United States Statutes at Large Volume 58 Part 1.djvu/662

 PUBLIC LAWS-CH. 325-JUNE 30, 1944 56 Btat. 7. 50 U. . C., SupP. i, app. 1 63. Adjustments to cor- rect inequities. Maximum price for agricultural commodi- ties and their prod- ucts. Prices to be paid farm producer of bdas agricultural commodi- ties, etc. 55Stat. 498. 15 U. S. C., Supp. mi, 713aJ (a). Loan rate forootton. 6 Stat. 767. 50 U. 8. C., Supp. III, pp. 968. . Po, pp. 643 784. TITLE II-AMENDMENTS TO THE STABILIZATION ACT OF OCTOBER 2, 1942 AMENDMENTS TO SECTION 3 OF THE STABILIZATION ACT OF OCTOBER 2, 1942 SEC. 201. (a) The first proviso contained in section 3 of the Sta- bilization Act of October 2, 1942, as amended, is amended to read as follows: "Provided, That the President shall, 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 agricultural commodity the price therefor speci- fied in clause (1) of this section :". (b) Section 3 of such Act of October 2, 1942, as amended, is amended by adding at the end thereof the following new paragraphs: "On and after the date of the enactment of this paragraph, it shall be unlawful to establish, or maintain, any maximum price for any agricultural commodity or any commodity processed or manufactured in whole or substantial part from any agricultural commodity which will reflect to the producers of such agricultural commodity a price below the highest applicable price standard (applied separately to each major item in the case of products made in whole or major part from cotton or cotton yarn) of this Act. "The President, acting through any department, agency, or office of the Government, shall take all lawful action to assure that the farm producer of any of the basic agricultural commodities (cotton, corn, wheat, rice, tobacco, and peanuts) and of any agricultural com- modity with respect to which a public announcement has been made under section 4 (a) of the Act entitled "An Act to extend the life and increase the credit resources of the Commodity Credit Corpora- tion and for other purposes," approved July 1, 1941, as amended (relating to supporting the prices of nonbasic agricultural commodi- ties), receives not less than the higher of the two prices specified in clauses (1) and (2) of this section (the latter price as adjusted for gross inequity). "The method that is now used for the purposes of loans under section 8 of this Act for determining the parity price or its equiv- alent for seven-eighths inch Middling cotton at the average location used in fixing the base loan rate for cotton shall also be used for determining the parity price for seven-eighths inch Middling cotton at such average location for the purposes of this section; and any adjustments made by the Secretary of Agriculture or the War Food Administrator for grade, location, or seasonal differentials for the purposes of this section shall be made on the basis of the parity price so determined." 5 Stat. 76. AMIENDMENT TO SECTION 4 OF THE STABILIZATION ACT OF OCTOBER 2, 1942 5 U.. a ., supp. TTT -. n L&]I Settlement of wage disputes between car- riers and employees. 44 Stat. 577. 45 U. 8. C. 55151- 188; Supp. III, ch. 8 . SEC. 202. Section 4 of such Act of October 2, 1942, as amended, is amended by adding at the end thereof the following new paragraph: "In any dispute between employees and carriers subject to the Rail- way Labor Act, as amended, as to changes affecting wage or salary payments, the procedures of such Act shall be followed for the pur- pose of bringing about a settlement of such dispute. Any agency provided for by such Act, as a prerequisite to effecting or recom- mending a settlement of any such dispute, shall make a specific finding and certification that the changes proposed by such settle- ment or recommended settlement are consistent with such standards [58 STAT.

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