An Act to extend certain 10-year oil and gas leases
PL 82-540 (H.R.5788), enacted 07/14/1952

630 
PUBLIC LAW 540-JULY 14, 1952 
[66 ST A T . 
Applicability. 
before January 1, 1952. Such an election shall be made in such 
manner as the Secretary may by regulations prescribe, shall be ir-
revocable, and shall apply in respect of all property held by the 
person making the election at any time on or before the date on which 
the election was made and in respect of all periods since February 
28, 1913, and before January 1, 1952, during which such person held 
such property or for which adjustments must be made under sub-
section (b) (2). An election by a transferor, donor, or grantor made 
after the date of the transfer, gift, or grant of property shall not 
affect the basis of such property in the hands of the transferee, donee, 
or grantee. No such election may be made after December 31, 1952." 
SEC. 3. The amendments made by this Act shall apply in respect 
of taxable years beginning after December 31, 1938. Provisions hav-
ing the effect of such amendments shall be deemed to have been in-
cluded in the revenue laws respectively applicable to taxable years 
ending after December 31,1931, and beginning before January 1,1939. 
Approved July 14, 1952. 
July 14, 19S2 
[H. R. 5788] 
Public Law 540 
CHAPTER 742 
AN ACT 
To extend certain ten-year oil and gas leases. 
O i 1 and 
leases. 
60 Stat. 95 I. 
30 u s e 226. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That any lease issued 
for a ten-year term in exchange for an oil and gas prospecting permit 
pursuant to sections 13 and 17 of the Act entitled "An Act to promote 
the mining of coal, phosphate, oil, oil shale, gas, and sodium on the 
public domain", approved February 25, 1920, as amended by the Act 
of August 21,1935 (49 Stat. 674), and prior to amendment by the Act 
of August 8,1946, and upon which drilling operations were being dili-
gently prosecuted on the expiration date of such lease, prior to the 
effective date of this Act, is hereby reinstated effective from the expira-
tion date of the lease and shall continue in effect for a period of two 
years after the effective date of this Act and so long thereafter as oil 
or gas is produced in paying quantities, if, within ninety days after the 
enactment of this Act, payment is made, under the terms of such lease 
as reinstated and extended, of any sums due the United States for prior 
years. This Act shall not be applicable to any lands which, subsequent 
to such expiration and prior to the enactment of this Act, have been 
withdrawn from leasing, leased, or otherwise disposed of. 
Approved July 14, 1952. 
July 14, 1952 
[H. R. 8006] 
Public Law 541 
CHAPTER 743 
AN ACT 
To provide for an adjustment in tlie compensation of certain employees trans-
ferred from tlie field service of the Post Office Department to the General 
Services Administration pursuant to Reorganization Plan Numbered 18 of 
1950, and for other purposes. 
P o s t a l 
e m-
p l o y e e s 
t r a n s -
ferred to GSA. 
64 Stat. 1270. 
5 u s e 
1 3 3 z -
15 note. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That each employee 
transferred from the field service of the Post Office Department to the 
General Services Administration pursuant to Reorganization Plan 
Numbered 18 of 1950 who has completed sufficient service prior to 
such transfer, to entitle him, if he had not been so transferred, to an 
66 S T A T . ] 
PUBLIC LAW 542~JULY 14, 1952 
39 U S C 
n o t e . 
8 8 8 
63 Stat. 954. 
5 u s e 1071 note. 
annual automatic increase in compensation under the Act of July 6, 
1945 (Public Law 134, Seventy-ninth Congress, as amended and sup- 
59 stau 435. 
plemented, or to a longevity increase in compensation under the Act 851-876. 
of May 3, 1950 (Public Law 500, Eighty-first Congress), shall be 
64 stat. 101. 
granted such increase in his rate of basic compensation, and his rate 
of basic compensation as an employee in a position under the Classifi-
cation Act of 1949, as amended, shall, as of such date, be adjusted as 
follows: 
(A) In the case of an employee whose rate of basic compensation 
prior to such transfer was in excess of the maximum scheduled rate of 
the grade in which his position has been classified under the Classifi-
cation Act of 1949, as amended, the increase in compensation granted 
by this section shall be added to such rate of basic compensation, 
(B) In the case of an employee whose rate of basic compensation 
prior to such transfer was less than the maximum scheduled rate of 
the grade in which his position has been classified under the Classifi-
cation Act of 1949, as amended, the increase in compensation granted 
by this section shall be considered as part of the rate of basic compen-
sation of such employee for the purpose of determining the rate of 
basic compensation to be established for such employee in accordance 
with the grade in which his position has been so classified. 
SEC. 2. The rate of basic compensation of any employee transferred 
from the field service of the Post Office Department to the General 
Services Administration pursuant to Reorganization Plan Numbered 
18 shall not be reduced by reason of the subsequent reassignment or 
transfer of such employee to another position in the same or equiv-
alent rate of pay or grade of the Classification Act of 1949, as amended. 
The rate of basic compensation of any such employee which has been 
reduced for such reason prior to the date of enactment of this Act 
shall be restored, as of the date of such reduction in rate, to the rate 
which such employee was receiving immediately prior to such reduc-
tion, plus any increase in rate of basic compensation to which such 
employee may be entitled under the first section of this Act. 
SEC. 3. No retroactive compensation shall be payable by reason of the 
enactment of this Act in the case of any individual not occupying a 
position under the Classification Act of 1949, as amended, on the 
date of enactment of this Act, except that such retroactive compensa-
tion shall be paid, if otherwise due under this Act, (1) to an individual 
on furlough without pay, for services rendered during the period 
beginning July 1,1950, and ending with the day immediately preced-
ing the date on which such furlough commenced, (2) to a retired 
employee for services rendered during the period beginning July 1, 
1950, and ending with the date of his retirement, and (3) in accord-
ance with Public Law 636, Eighty-first Congress, for services rendered 
during the period beginning July 1, 1950, and ending with the date 
of death. 
Approved July 14, 1952. 
Retroactive pay. 
64 Stat. 395. 
5 u s e 6 lf-6 Ik. 
Public Law 542 
CHAPTER 745 
AN ACT 
To amend the Federal Trade Commission Act with respect to certain contracts 
and agreements which establish minimum or stipulated resale prices and which 
are extended by State law to persons who are not parties to such contracts and 
agreements, and for certain other purposes. 
July 14, 1952 
[H. R. 5767] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress a^sembled^ That it is the purpose la^gf * ^ fair-trade