Cotton Textile Subsidy, Hearing Before the Subcommittee on Cotton of ..., 86-1 on H.R. 4033 and S. 314, August 11, 1959

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62. lappuse - STATEMENT OF HON. AIME J. FORAND, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF RHODE ISLAND Mr. FORAND. Mr. Chairman, I welcome this opportunity to appear before this committee in support of legislation I consider of vital importance.
32. lappuse - CCC and equalization payments of $5,771,988.50 had been made by CCC to exporters on the cotton products exported. Only about 10 percent of the cotton textiles exported are exported by integrated mills, that is, mills which have sales organizations and make export sales of cotton products. The other 90 percent of exports are made by persons or firms other than manufacturers.
31. lappuse - ... through 1952. Cotton shall be made available to a textile mill under this Act only upon agreement by such mill that such cotton will be used only for the manufacture of cotton products for export. (b) The Secretary shall announce, not later than September 1 of each year for which surplus cotton is made available under this Act, the price at which such cotton is to be made available and thereafter for a period of thirty days shall accept applications from textile mills for the purchase of such...
2. lappuse - The subcommittee met at 10 am, pursuant to notice, in room 1308, New House Office Building, Hon.
31. lappuse - ... applications from textile mills for the purchase of such surplus cotton. In the event the quantity of cotton for which application is made exceeds the quantity of such cotton made available for distribution under this Act, the cotton made available for distribution shall be distributed pro rata among the mills making application therefor on the basis of the quantities of cotton processed by such mills during the three calendar years preceding the year for which such distribution is made. SEC....
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