Evening star., 1933-03-17

or tend to prevent the ef1ectuation Of
the declared policy and the restoration
of normal economic conditions In the
marketing of such commodities or pro-
ducts and the financing thereof. The
Secretary of Agriculture may suspend
or revoke any such license, after due
notice and opportunity for hearing, for
violations of the terms or conditions
thereof. Any agency engaged In such
handling without a license as required
by the secretary under this section shall
be subject to a fine Of not more than
$1,000 for each day during which the
violation continues.
(N To require any hcensee under
this section to furnish such reports as
to quantities of agricultural commodi-
ties or products thereof bought and
sold and the prices thereof, and as to
keep such systems of accounts, as may
be necessary for the purpose Of this act.
Processing Tax.
Sec. 8 (a) To raise revenues for the
payment Of extraordinary expenditures
incurred by reason Of the national eco
uomic emergency there shall be levied,
assessed and collected during any mar
keting period for any basic agricultural
commodity with respect to the produc-
ton of which for such period rental or
benefit payments are made under this
act, a tax to be paid by the professor
on the first domestic processing Of the
commodity, whether Of domestic pro-
duction or imported. Such tax shall,
except as hereinafter provided, equal
the difference between the current av-
erage farm price for the commodity,
and the fair exchange value Of the
commodity. Such value for any COM
modify shall be the price therefor which
will give the commodity the same pur-
chasing power, with respect to articles
farmers buy, as during the pre-war pc
riod, August, 1909-July. 1914. The cur
rent average farm price and the fair
exchange value shall be ascertained by
the Secretary of Agriculture from avail
able statistics Of the Department Of
Agriculture.
(b) If the Secretary. after investiga-
tion and due notice and opportunity for
hearing to interested parties. finds at
any time that the imposition Of the tax
resulted or Is likely to result in a sub
stantial reduction in the quantity Of
the commodity or products thereof do
mestically consumed, he shall f1x such
lower rate as is necessary to maintain
or restore such domestic consumption.
Such rate may be revised from time to
time pursuant to further findings under
this subsection. In making any such
finding the Secretary shall give due con-
sideration to the following factors
among others:
CD Reports as to wage scales, en-
ployment and unemployment in urban
regions.
(2) Changes in the consumption of
the agricultural commodity and Of other
commodities.
90 Evidence derived from statistical
studies Of supply and demand for pre-
vious periods, which indicate the change
in consumption Of the commodity which
would normally occur in consequence
OF a particular change in the cost to
professors or consumers
90 Other relevant data as to changes
in the cost of living Of consumers, con-
sumers' buying habits, and current and
prospective conditions in industry per-
tinent to determining the probable ef-
fective demand for the commodity.
tcl The Secretary Of Agriculture
Treasury from time to time the rate Of
va Ai ShSSe AoA olJ SO1iAA1iONAty uAidel
this act.
Miscellaneous.
Sec. 10 (a) The Secretary Of Agri-
culture may appoint such experts. and,
in accordance with the classification act
of 1928 and all acts amendatory thereof,
and subject to the Civil Service laws,
such officers and employees as are nee
eSSary to execute the functions vested
in him under this act: Provided, That
no salary in excess Of $500 per annum
shall be paid to more than 10 additional
officers or employees Of the Emergency
Agricultural Adjustment Administra-
ton which the Secretary shall estab-
lish in the Department Of Agriculture
for the administration of the functions
vested in him by this act.
(b) The Secretary of Agriculture IS
authorized to establish, for the more
effective administration Of the func-
tions vested in him by this act, State
and local committees, or associations
of producers, and to permit cooperative
associations of producers, when in his
judgment they are qualified to do so,
to act as agents of their members and
patrons in connection with the distri-
button of rental or benefit payments.
(c) The Secretary of Agriculture IS
authorized with the approval Of the
with the force and effect of law, as
may be necessary to carry out the pow
ers vested In him by this act Any vio-
lation of any regulation shall be sub
ject to such penalty, not in excess Of
500, as may be provided therein.
I'D The Secretary of the Treasury is
authorized to make such regulations as
may be necessary to carry out the pow
ers vested in him by this act, includ-
ing regulations establishing conversion
proceSsed therefrom to determine the
amount OF tax or duty imposed with
respect thereto.
ploye, or agent in determining the
amount of and in making any rental or
benefit payment shall not be subject
to review by any officer of the Gov
ernment other than the Secretary of
Agriculture or Secretary Of the Treas
ury.
f) Except as provided in section
20, the provisions of this act shall be
applicable to the United States and its
possessions, except the Philippine Is
lands, the Virgin Islands, American
samoa and the Island of Guam.
Commodities. +
Sec. II. AS used in this act, the term
basic agricultural commodity" means
wheat, cotton, corn, hogs, cattle, sheep,
rice, tobacco and milk and its products,
and any regional or market classifica-
ton, type or grade thereof; but the
Secretary OF Agriculture shall exclude
from the operation of the provisions Of
this act, during any period. any such
commodity or classification, type, or
grade thereof If he finds, upon inves-
tigation at any time and after due no.
tice and opportunity for hearing to in
terested parties. that the conditions of
production, marketing and consumption
are such that during such period this
act cannot be effectively administered
to the end of effectuating the declared
policy with respect to such commodity
or classification, type or grade thereof.
Appropriation.
Sec. IL (a) The proceeds derived
from taxes imposed under this act are