The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-13

% For the period commencin,
July !. 1888. and terminating at tn
beginning OF the 1933-1934 market
ing year, "a cents pound.
a. Beginning with the 1898 1893
marketing year for hogs, cents /;
pound plus an additional n cent
pound for each ten points increas1
that exists In the index number To-
factory employment over the in.
dex number therefor on the dat.
OF approval Of this act, as pub.
isEed by the Federal Reserve Board
until such time as the fair exchange
value OF hogs SO computed first equals
such value as computed under subsec.
ton (e).
90 Thereafter the fair exchange
value for hogs shall be computed un-
Ger subsection fe).
Title 1I-Adjustment Charges.
PAYMENT Of Adjustment Charges
Section 10. Ca There shall be lev.
nlent charge on the first domestic
processing of any wheat, cotton, to.
bacco or tSs, whether of domestic
production Or imported, to be paid BY
the professor.
Adjustment charges shall at any
given time be at the same rate pei
unit of the commodity as the fail
exchange allowance then in effect with
respect to the commodity.
Adjustment charges shall com.
mence on the day following the date
Of approval of this act and shall
terminate with respect to any com.
modify one month after the end oil
the l933-1934 marketing year for the
commodity: except that if this act is
extended with respect to any com.
modify for an additional year. pur-
Suant to proclamation of the Secre-
tary Of Agriculture under Section %
then adjustment charges with respect
to the commodity shall terminate one
month after the end of the 1934-193s
marketing year for the commodity.
(b) Each professor required to pay
any adjustment charge imposed BY
this section shall procure and keeE
posted a certificate of registry In &C
cordance with regulations prescribed
by the Secretary of the Treasury. ANY
professor who fails to register or tC
keep posted any certificate of regis
try in accordance with such regula-
tons shall, upon conviction thereof
be subject to fine of not more than
81 900.
(c) In order to protect the pro-
cessors of cotton against disadvan-
tages In competition, during any Pc
Rod for which an adjustment charge
is in effect with respect to cotton
there shall be levied. assessed, and
collected upon the first domestic pro-
cessing of silk or rayon an adjustment
charge equal to the adjustment
charge then in effect as to cotton
pei like unit of the commodity, to be
paid by the professor.
No such charge shall be collected
with respect to rayon derived from
processed cotton subject to an adj
justment charge with respect to its
processing.
Floor Stocks
Sec. II. ca Upon the sale or other
disposition of any article processed
wholly or in chief value from wheat
cotton, silk, rayon, tobacco, or hogs
that ION the date any adjustment
charge, or increase or decrease there
in, takes effect or terminateS) is held
for sale or other disposition dnclud.
ing articles in transit) by any person
other than consumer or a person en-
gagged solely in retail trade. there shall
be made a tax adjustment as fol-
lows:
q In case an adjustment charge
takes effect or is increased, there
shall be levied. assessed, and collected
a tax to be paid by such person equiv
ale mt to the amount of the adjust
ment charge or increase which would
be payable with respect to the COM
modify from which processed If the
processing had occurred on such date
CO If the adjustment charge is
terminated or decreased, there shall.
be- refunded to such person tax (ol
il the tax has not been paid, the tai
Shall be abated in an amount equiv
alent to the adjustment charge or de-
crease with respect to the commodity
from which procesSed.
60 Such equivalent amounts shall
lie established by conversion factors
prescribed by regulations of the Sec.
rotary of the Treasury.
(bl The proceeds of all taxes col.
lected under this section, less 2ls pei
centum for the payment of admins
trative expenses under this act, shall
be covered into the Treasurey into q
special fund to be available, together
with any other funds hereafter APP
propriated for the purpose, for the
payment OF any refunds under this
section.
(c) For the purpose of this sectiol
the term retail trade" shall not be
held to include the business of ar
establishment which is owned, oper-
ated, maintained, or controlled by the
same individual, firm, corporation, OF
association that owns, operates, main
tains or controls any other establish
ment of the same character.
Id Notwithstanding the provis.
ions Of subsection fa) such subsec-
ton shall apply to flour in excess Of
100 barrels held for sale or other dis.
position by any person engaged sole.
ly in retail trade.
Expectations
Sec. IL. Ca Upon the expectation
to any foreign country Including the
Philippine Islands, the Virgin Islands
American Samoa. and the island Of
Guam Of any product with respect K
which an adjustment charge or ia,
has been paid under this act, the ex.
porter thereof shall be entitled at tht
time OF expectation to refund of tn.
tabliShed by conversion factors pre-.
0NAA0SA ~ AN6AAovAOAAS Va VAN 0CNAOLdl
Of the Treasury.
The Secretary shall prepare forms
for filing claims for such refunds ans
shall certify to the Treasurer of tn,
United States claims which have beer
approved for payment.
(b) Upon the giving of satisfac
tory bond for the faithful Observance,
of the provisions of this act requir
ing the payment Of adjustment charg
es or taxes, and Of such regulation
as may be prescribed Hereunder, an,
person shall be entitled. without pay
ment OF the adjustment charge o
tax, to process for such expectation
any wheat, cotton. tobacco, or hogs
or to hold for such expectation an,
article processed wholly or in chic
value therefrom.
! The Secretary of the Treasury shal
prescribe necessary regulations 70
such processing or holding In bond o
IN such other manner as may be nee
essary to carry out such provisions.
Processing for Personal Use and
! Limited Sale
! Sec. IL. No adjustment charg
shall be required to be paid on tn
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