Page:United States Statutes at Large Volume 85.djvu/410

 380

PUBLIC LAW 92-138-OCT. 14, 1971

[85

STAT.

" A N N U A L ESTIMATE OF C O N S U M P T I O N I N CONTTNENTAL UNITED STATES

" P a r i t y index (1967 = 1 0 0), "

"Wholesale price i n d e x, " Domestic quota s, allocation, 76 Stat, 156; 79 Stat, 1 2 7 1. 7 USC 1112,

"SEC. 201. (a) The Secretary shall determine for each calendar year, beginning with 1972, the amount of sugar needed to meet the requirements of consumers in the continental United States and to attain the price objective set forth in subsection (b). Such determination shall be made during October of the year preceding the calendar year for which the determination is being made and at such other times thereafter as may be required to attain such price objective. " (b) The price objective referred to in subsection (a) is a price for raw sugar which would maintain the same ratio between such price and the average of the parity index (1967=100) and the wholesale price index (1967=100) as the ratio that existed between (1) the simple average of the monthly price objective calculated for the period September 1, 1970, through August 31, 1971, under this section as in effect immediately prior to the date of enactment of the Sugar Act Amendments of 1971, and (2) the simple average of such two indexes for the same period. "(c) For purposes of subsection (b) — "(1) The term 'parity index (1967=100)' means the Index of Prices Paid by Farmers for Commodities and Services, including Interest, Taxes, and F a r m Wage Rates, as published monthly by the Department of Agriculture. " (2) The term 'wholesale price index' means such index as determined monthly by the Department of Labor." SEC. 4. (a) Section 202(a) of the Sugar Act of 1948, as amended, is amended to read as follows: " (a)(1) For domestic sugar-producing areas, by apportioning among such areas 6,910,000 short tons, raw value, as follows: "Area Domestic beet s u g a r Mainland cane s u g a r Hawaii P u e r to Rico Total

Supra.

'

Short tons, raw value 3, 406, 000 1, 539, 000 1,110, 000 855, 000 6, 910,000

"(2) To or from the sum of 4,945,000 short tons, raw value, of the quotas for the domestic beet sugar and mainland cane sugar areas there shall be added or deducted, as the case may be, an amount equal to 65 per centum of the amount by which the Secretary's determination of requirements of consumers in the continental United States pursuant to section 201 for the calendar year is greater than or less than 11,200,000 short tons, raw value. Such amount shall be apportioned between the domestic beet sugar area and the mainland cane sugar area on the basis of the quotas for such areas established under paragraph (1) of this subsection in effect immediately prior to the date of enactment of the Sugar Act Amendments of 1971.

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