Page:United States Statutes at Large Volume 62 Part 1.djvu/564

 PUBLIC LAWS-CHS. 549-551-JUNE 19, 1948 1, 1950, in which the Secretary of State finds and so notifies the Secre- tary of the Treasury that United States fishing vessels engaged in the North Pacific halibut fishery only are granted comparable privileges in ports of British Columbia. Approved June 19, 1948. [CHAPTER 550] AN ACT June 19,1948 [H. R. 6113] To transfer certain land in Langlade County, Wisconsin, to the United States [Public Law 719] Forest Service. Be it enacted by the Senate and House of Representatives of the anglade County, United States of America in Congress assembled, That upon the writ- Transferof land. ten consent of the majority of directors, Wisconsin Rural Rehabilita- tion Corporation, the Secretary of Agriculture is hereby directed to convey, grant, transfer, and quitclaim forthwith to the United States, for subsequent administration as a part of the Nicolet National Forest and subject to the rules and regulations applicable to national-forest 16 3U. . C.S 552, lands acquired under the Act of March 1, 1911 (36 Stat. 961), as 60 5 amended, all right, title, claim, interest, equity, and estate in and to the following-described lands administered by the Secretary as trustee, under an agreement of transfer dated May 16, 1937, with the Wiscon- sin Rural Rehabilitation Corporation, and situated in the county of Langlade, State of Wisconsin, together with the improvements thereon and the rights and the appurtenances thereunto belonging or apper- taining: Township 33 north, range 9 east, fourth principal meridian, section 16, northwest quarter, north half northeast quarter, south- west quarter northeast quarter, and north half south half; section 17, northeast quarter i section 22, east half northwest quarter. use of and. SEC. 2. The Chief of the Forest Service is hereby directed to utilize, insofar as practicable, the property transferred pursuant to this Act as an experimental and demonstration forest. Such use is found to be in the general interest of rural rehabilitation. Nonliabilty. SEC. 3. Any such transfer shall not be deemed to impose any lia- bility upon the Secretary of Agriculture with respect to his obligation under such agreement to transfer of May 16, 1937. Approved June 19, 1948. [CHAPTER 551] June 19, 1948 [H. R. 6114] [Public Law 720] Bankhead-Jones Farm Tenant Act, amendment. 50 Stat. 523. 7U.S.C.i1003(b) (2). 60 Stat. 1076 . 7 U.. C. l1005b (c) (4). 60 Stat. 107. 7U.. 0.. 1006b (e) (1). Collectn ofetcharges. AN ACT To amend title I of the Bankhead-Jones Farm Tenant Act, as amended, so as to increase the interest rate on title I loans, to provide for the redemption of non- delinquent insured mortgages, to authorize advances for the preservation and protection of the insured loan security, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the following sections of title I of the Bankhead-Jones Farm Tenant Act, as amended, are hereby amended as follows: SEC. 1. Amend subsection (b) (2) of section 3 to read: "(2) provide for the payment of interest on the unpaid bal- ance of the loan at the rate of 4 per centum per annum;". SEo. 2 . Amend subsection (c) (4) of section 12 to read: (4) the mortgage instruments shall comply with section 3 (b), except that the base rate of interest shall be 3 per centum per annum ;" SEC. 3. Amend subsection (e) (1) of section 12 to read: The Secretary shall collect from the mortgagor for mortgage insurance an annual charge at the rate of 1 per centum of the out- standing principal obligation of the mortgage; the initial charge 534 [62 STAT.

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