Henderson daily dispatch., 1946-09-11
Plan Of Operation
Explained In Form
BY The Government


"
How the stabiiiZatiOn program for
tobacco is being operated is explain
ed in form just issued by the gov
eminent and furnished L. ware
housemcn III connection with thIef
contracts with the corporation. Il
has been explained further i'll dis
cusSiCnS at warehuusemen'S meet
ingS in the several belts prior 10 the
opening OF tn "GCtion season. and
was So outlined mere last Saturday
at the meeting of Middle Belt ware
houSemcn.
The outline as issued by the gov
eminent follows III full:
l-Introductory Statement
These Instructions are for Use III
connection With the Government
price support operations for flue-
cured tobacco of the 1916 crop.
Amendments hereto will be issued
as required. Support prices will be
available 10 farmers but Will be in
operative rs long a. as market prices
for the various Government grades
proach the loan rates 50 that the
market prices Tor any grades APP
randum will show the name ana adj
price support operations Will in
crease the amount farmers can OBJ
tain for particular ggaGcS and bdS-
ketS OF tobacco. 4 schedule of loan
rates for the various Government
grades Will be distributed by the
Sterilization Corporation. The Sche-
dulles will be distributed To ware
houSemen directly OF through the
Bright Leaf Warehouse Association
for use. by wurchouScmcn and TO-
- rt, Ia !,
farmers.
Tobacco to he Handled
WarehouSeWcu should see that
g.owers selling tobacco are inform
cd OF the amount of the Government
support price and arc assisted III Oh
tanning such amount through the
Sterilization Corporation advance.
when this is equal 10 or larger than
the highest bid on the auction fluC".
Tobacco Is eligible for the Stab
ilization Corporation advance only e
i has not been marked II" or w.
by the Grading Service and is sold
by the original grower under
within Quota Marketing Card II
zero percent "EXeSS" Marketing
Card which docs not contain The
notation Penalty secured"
Tobacco owned by farmer wnI
holds a marketing card other than
as Indicated in the preceding para
graph is eligible TO be placed under
the loan only under the following
conditions:
(a The farmer shall establish
that the tobacco placed under LOAF
is equivalent only 10 that part OF his
crop which is III excess Oi his farm
marketing quota.
(b) The loan rate on the tobacco
shall be 90 percent of tine regular
loan rate.
II the warchouScmar has knowl-
edge of an UnSatiSf!cd lien against
tobacco placed under The loan BY
any farmer. pertinent information 10
this effect should be recorded on the
settlement memorandum described
below.
Tickets
When tobacco is placed with the
Sterilization Corporation. the name
of the nigh bidder should be mark
ed through and r. G." inserted on
the ticket. The price bid on the auC-
u"n should be marked through and
the loan rat" for the particular graG,,
OF tobacco entered on the ticket.
stock Purchases
Only an owner of one or more
Shares OF the common stock OF the
Sterilization Corporation Is c!igibl.,
10 place tobacco with the CORPORA
ton. If producer has moi previous
~ purchased a share he may do so
AT the time ne markets his tobacco
archouSCmGn are authorized. with