Page:United States Statutes at Large Volume 68 Part 1.djvu/942

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Appropriations.

Funds for 1955, expenditures.

60 Stat. 1012. 22 USC 961.

PUBLIC LAW 690-AUG. 28, 1954

[68

ST A T.

available, or to be made available, in connex^tion v^ith the functions covered by this title as the Director of the Bureau of the Budget or the Congress by appropriation or other law shall determine shall be transferred to or established in accounts under the control of the Department of Agriculture, and there are hereby authorized to be established such additional accounts as may be necessary for this purpose. (b) There are hereby authorized to be appropriated to the Department of Agriculture such amounts as may be necessary for the purpose of this title. (c) For the fiscal year 1955 funds which become available for the purposes of this title may be expended under the provisions of law, including current appropriation Acts, applicable to the Department of State: Provided, That the provisions of section 571(d) of the Foreign Service Act of 1946, as amended, with respect to the source of payment for Foreign Service officers and employees shall not apply to personnel employed under this title. Obligations incurred by the Department of State prior to September 1, 1954, with respect to functions affected by this Act, shall be paid from appropriations available to the Department of State. SEC. 608. Nothing in this title shall be construed to affect personnel employed by or funds available to the Foreign Operations Administration or programs conducted under its authorities. TITLE VII — N A T I O N A L W O O L ACT O F 1954

Short title.

Price supports.

SEC. 701. This title may be cited as the "National Wool Act of 1954." SEC. 702. It is hereby recognized that wool is an essential and strategic commodity which is not produced in quantities and grades in the United States to meet the domestic needs and that the desired domestic production of wool is impaired by the depressing effects of wide fluctuations in the price of wool in the world markets. I t is hereby declared to be the policy of Congress, as a measure of national security and in promotion of the general economic welfare, to encourage the annual domestic production of approximately three hundred million pounds of shorn wool, grease basis, at prices fair to both producers and consumers in a manner which will have the least adverse effects upon foreign trade. SEC. 703. The Secretary of Agriculture shall, through the Commodity Credit Corporation, support the prices of wool and mohair, respectively, to the producers thereof by means of loans, purchases, payments, or other operations. Such price support shall be limited to wool and mohair marketed during the period beginning April 1, 1955, and ending March 31, 1959. The support price for shorn wool shall be at such incentive level as the Secretary, after consultation with producer representatives, and after taking into consideration prices paid and other cost conditions affecting sheep production, determines to be necessary in order to encourage an annual production consistent with the declared policy of this title: Provided, That the support price for shorn wool shall not exceed 110 per centum of the parity price therefor. If the support price so determined does not exceed 90 per centum of the parity price for shorn wool, the support price for shorn wool shall be at such level, not in excess of 90 per centum nor less than 60 per centum of the parity price therefor, as the Secretary determines necessary in order to encourage an annual production of approximately three hundred and sixty million pounds of shorn wool. The support prices for pulled wool and for mohair shall be established at such levels, in relationship to the support price for shorn wool, as the Secretary determines will maintain normal marketing practices for

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