Page:United States Statutes at Large Volume 60 Part 1.djvu/624

 60 STAT.] 79TH OONG., 2 0 SESS.-CH. 590--JULY 23, 1946 "(b) To the fullest extent practicable the Secretary of War, the Indust advisory Secretary of the Navy, and the Secretary of the Interior, acting jointly, shall appoint industry advisory committees selected from the industries concerned with the materials to be stock piled. It shall be the general Function function of the industry advisory committees to advise with the Secre- tary of War, the Secretary of the Navy, and the Secretary of the Interior and with any agencies through which they may exercise any of their functions under this Act with respect to the purchase, sale, care, and handling of such materials. Members of the industry Perdiemallowance advisory committees shall receive a per diem allowance of not to exceed $10 for each day spent at conferences held upon the call of the Secretary of War, the Secretary of the Navy, and the Secretary of the Interior, plus necessary traveling and other expenses while so engaged. "SEC. 3. The Secretary of War and the Secretary of the Navy shall Duties of Tre direct the Secretary of the Treasury, through the medium of the Dpartmet. Procurement Division of his Department, to- "(a) make purchases of strategic and critical materials with Purchases of mate due regard to the objectives set forth in section 1 of this Act and pursuant to the determinations as provided in section 2 hereof, which purchases (1) shall be made, so far as is practicable, from supplies of materials in excess of the current industrial demand and (2) shall be made in accordance with title III of the Act of March 3, 1933 (47 Stat. 1520), but may be made without regard locius. s . it 10- to section 3709 of the Revised Statutes. A reasonable time (not 41 U.. s. ta. to exceed one year) shall be allowed for production and delivery PO, P. 80. from domestic sources and in the case of any such material avail- able in the United States but which has not been developed commercially, the Secretary of War and the Secretary of the Navy may, if they find that the production of such material is econom- ically feasible, direct the purchase of such material without requiring the vendor to give bond; '(b) provide for the storage, security, and maintenance of storage,et. strategic and critical materials for stock-piling purposes on military and naval reservations or other locations, approved by the Secretary of War and the Secretary of the Navy; "(c) provide through normal commercial channels for the refin- esR' s ing. r ing or processing of any materials acquired or transferred under this Act when the Secretary of War and the Secretary of the Navy deem such action necessary to convert such materials into a form best suitable for stock piling, and such materials may be refined, processed, or otherwise beneficiated either before or after their transfer from the owning agency; "(d) provide for the rotation of any strategic and critical Rotation. materials constituting a part of the stock pile where necessary to prevent deterioration by replacement of acquired stocks with equivalent quantities of substantially the same material with the approval of the Secretary of War and the Secretary of the Navy; D (e) dispose of any materials held pursuant to this Act which Dpos are no longer needed because of any revised determination made pursuant to section 2 of this Act, as hereinafter provided. No such tuicatco and no. disposition shall be made until six months after publication in the Federal Register and transmission of a notice of the proposed disposition to the Congress and to the Military Affairs Committee of each House thereof. Such notice shall state the reasons for such revised determination, the amounts of the materials proposed to be released, the plan of disposition proposed to be followed, and the date upon which the material is tobecome available for sale 597

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