Page:United States Statutes at Large Volume 59 Part 1.djvu/68

 PUBLIC LAWS-CHS. 52, 54 -APR. 3, 12, 1945 56 Stat. 1058. 22 U. . C., Supp. IV, §661 (d). Termination of authority. 56 Stat. 1062. 22 U.. C ., Supp. IV, §667 (d). Payments of desig- nated awards. 22 U. S. C., 8upp. IV, § 669 (b). Ante, p. 49. 56 Stat. 1060 . 22 U. S. C., Supp. IV, 1663 (c). Petition for review. Short title. April 12, 1945 [8. 2981 [Public Law 801 Commodity Credit Corporation, obliga- tions. 57 Stat. 566. 15 U. 8. C., Supp. IV, § 713a-4. Sale of certain ac- quired cotton. 7 U. S.C.I 1381 (c). Parity price restric- tion on farm commod- ities. Exceptions. Wheat or corn for feed. ment of Mexican Claims Act Amendments of 1945, enter an award on the basis of such appraisal." SEC. 5. Section 2 (d) of such Act is amended to read as follows: "(d) The authority of the Commission under this Act, and the terms of office of its members, shall terminate at the expiration of four years after the date on which a majority of its members first appointed take office, but the President may by Executive order fix an earlier termination date. Upon the termination of the authority of the Commission, all books, records, documents, and other papers in the possession of the Commission shall be deposited with the Department of State." SEC. 6 . So much of section 8 (d) of such Act as precedes paragraph (2) is amended to read as follows: "(d) On or after July 1, 1945, the Secretary of the Treasury is authorized and directed, to the extent that it may be possible to do so out of the sums covered into the fund pursuant to subsection (b) of this section, and after making the deduction provided for in section 10 (b)- "(1) to make similar payments of not to exceed 40 per centum on account of the principal amount of the awards certified pur- suant to section 5 (d) of this Act." SEC. 7. Section 4 (c) of such Act is amended to read as follows: "(c) In any case in which the Commission is so notified in writing that a petition for review will be filed, the Commission shall prescribe a reasonable period, which may be extended in the discretion of the Commission, within which such petition, together with written legal contentions in support thereof, shall be filed. If no petition for review is filed within the period or any extension thereof prescribed by the Commission, it shall enter an award on the basis of the appraisal in such case." SEC. 8. This joint resolution may be cited as the "Settlement of Mexican Claims Act Amendments of 1945". Approved April 3, 1945. [CHAPTER 54] AN ACT To continue Commodity Credit Corporation as an agency of the United States, increase its borrowing power, revise the basis of the annual appraisal of its assets, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4 of the Act approved March 8, 1938 (52 Stat. 108), as amended, is amended by striking out "$3,000,000,000" and inserting in lieu thereof "$4,750,000,000". SEC. 2. The provisions of subsection (c) of section 381 of the Agricultural Adjustment Act of 1938 (52 Stat. 67) are suspended until the expiration of the two-year period beginning with the 1st day of January immediately following the date on which the President, by proclamation, or the Congress, by concurrent resolution, declares that hostilities in the present war have terminated. During the period of such suspension the Commodity Credit Corporation shall not sell any farm commodity owned or controlled by it at less than the parity or comparable price therefor, except that the foregoing restriction shall not apply to (1) sales for new or byproduct uses; (2) sales of peanuts for the extraction of oil; (3) sales for export; (4) sales for seed or feed: Provided, That no wheat or corn shall be sold for feed at less than parity price for corn at the time such sale is made: And provided further, That in making regional adjustments in the sale price of corn or wheat for feed, the minimum price need not be higher in any area [59 STAT.

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