Page:United States Statutes at Large Volume 62 Part 1.djvu/1128

 PUBLIC LAWS-CHS. 717, 718-JUNE 29, 1948 uLese of qurtes at SEC. 2. The Postmaster General is hereby authorized, in the dis- bursement of the appropriation for domestic air-mail service, to apply a part thereof to the purpose of leasing suitable quarters at public airports for use in the handling and distribution of air mail at a reasonable rental to be paid quarterly or monthly, for a term not exceeding twenty years. 60 st. c06.2. SEC. 3. Section 1 of the Act of August 14, 1946 (Public Law 730, Post, p. 1261 . Seventy-ninth Congress, second session), entitled "An Act to fix the rate of postage on domestic air mail, and for other purposes", is hereby amended to read as follows: Domestic air mail "The rate of postage on domestic air mail weighing eight ounces or less shall be 5 cents for each ounce or fraction thereof: Provided, That the rate of postage on air mail of the first class weighing in excess of eight ounces shall be the rate provided for air parcels but in no case shall be less than 3 cents an ounce or fraction thereof." Effective date. SEC. 4. This Act shall take effect on the first day of the third month following the month of enactment. Approved June 29, 1948. June 29, 198 [8. 2376] [Public Law 820] Agricultural com- modities. Revolving fund for purchases by Depart- ment of the Army. Oeccupied area." Limitation. [CHAPTER 718] AN ACT To provide a revolving fund for the purchase of agricultural commodities and raw materials to be processed in occupied areas and sold. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstand- ing the provisions of any other law, the Secretary of the Army is authorized to issue notes from time to time for purchase by the Secretary of the Treasury, not to exceed in the aggregate outstanding at any time $150,000,000. Each such note shall bear interest at a rate determined by the Secretary of the Treasury, taking into con- sideration the current average rate on outstanding marketable obliga- tions of the United States as of the last day of the month preceding the issuance of the note. Payment of the purchase price of such notes and repayments thereof by the Secretary of the Army shall be treated as public-debt transactions of the United States. The proceeds of these notes shall be used by the Secretary of the Army, or his duly authorized representatives, as a revolving fund for the purpose of (a) purchasing natural fibers (including cotton waste) produced in the United States, and such other materials, including starch, dye- stuff, roller leather, and card clothing as may be used in processing and finishing such fibers; (b) transporting such fibers and other materials to occupied areas, making them available for processing, and having such fibers processed in such areas; (c) insuring such fibers and materials and the products obtained from such processing; and (d) selling products obtained from such processing. In the case of wool, mohair, or flax fiber, only those types and grades shall be pur- chased hereunder as the Secretary of Agriculture, in the light of sup- plies on hand in the United States. designates as available for export; and stocks held by Commodity Credit Corporation of the types and grades so designated shall be purchased before other purchases are made of such types and grades. For the purpose of this Act an occu- pied area shall be considered as any liberated or occupied area, which is at the time, occupied by United States forces or such an area occupied jointly with another power or powers when it is considered by the Sec- retary of the Army to be necessary or desirable to include such an area, in order to carry out United States objectives: Provided,That a treaty of peace shall not have been ratified and confirmed for such an area. [62 STAT.

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