(4) Texas: Archer, Armstrong, Bailey, Baylor, Briscoe, Carson, Castro, Childress, Clay, Cochran, Collingsworth, Cottle, Crosby, Dallas, Deaf Smith, Dickens, Donley, Floyd, Foard, Garza, Gray, Hale, Hall, Hansford, Hartley, Hardeman, Haskell, Hemphill, Hockley, Hutchinson, Kent, King, Knox, Lamb, Lipscomb, Lubbock, Lynn, Moore, Motley, Ochiltree, Oldham, Palmer, Potter, Randall, Roberts, Sherman, Stonewall, Swisher, Terry, Throckmorton, Wheeler, Wichita, Wilbarger, Young. Yoakum, and St. Louis, Missouri, E. St. Louis, Ill. San Francisco, Los Angeles, Stockton, Oakland, Calif. (No. 2 Hard Winter.. No. 2 Red Winter. (No. 2 Mixed Wheat. (No. 1 Soft White. No. 1 White Club No. 1 Western White. No. 1 Hard Winter. No. 1 Western Red.. (No. 1 Mixed Wheat. Loan $1.15 1.15 1.12 1. 10 1.10 1.10 1. 10 1.10 1.07 Portland, Oregon, Seattle, Vancouver, No. 2 Red Durum. rum. No. 2 Amber Mixed Durum. No. 2 Mixed Durum or Mixed Wheat containing 10% or more Du Longview, Tacoma,No. 1 Hard Winter.. Washington. Galveston, Texas, New Orleans, La. No. 1 White Club. Mixed wheat values listed above will not apply if Mixed Wheat contains 10 percent or more of a class other than those listed for such terminal market. The foregoing schedule of loan values applies to wheat delivered to any designated terminal market in carload lots which has been shipped by rail from a country shipping point to one of the designated terminal markets, as evidenced by paid freight bills duly registered for transit privileges and other documents as required under this part: Pro·vided, That in the event the amount of paid in freight is insufficient to guarantee minimum proportional rate from the terminal market, there shall be deducted from the applicable terminal loan value the difference between the amount of freight actually paid in and the amount required to be paid in to guarantee mini Page 407 Otherwise a deduction of 6 cents per bushel shall be made. § 218.5 Amount of loan at country points. (a) Except for the States and counties hereinafter set forth, Commodity Credit Corporation will determine the loan value on wheat in storage on the farm or in country warehouses by deducting from the designated terminal market value an amount equal to 3 cents more than the all-rail interstate freight rate (in effect on May 1, 1941) from the country warehouse points or the shipping point designated by the producer, to such terminal market; except that in the appropriate counties of Illinois, Iowa, Minnesota Missouri, Nebraska, Oklahoma, South Dakota, Texas, and Wisconsin such rates shall be computed on the basis of the average freight rate from all shipping points other than subterminal markets in each county to the appropriate terminal market. Each approved warehouse will be advised as to the loan value applicable to wheat stored in such warehouse. Producers may obtain from the county committee the loan values applicable to wheat stored on each farm and in the public warehouses. Loan values will be published in C. C. C. Wheat Form 1Supplement 2, for each State. The loan value of eligible wheat stored in approved warehouses (other than those situated in the designated terminal markets) which was shipped by rail may be determined by deducting from the appropriate designated terminal market loan value an amount equal to the transit balance of the through freight rate from point of origin for such wheat to such terminal market: Provided, That in the case of wheat stored at any railroad transit point, taking a penalty by reason of out of line movement, or for any other reason, to the appropriate designated market, there shall be added to such transit balance an amount equal to any out of line or other costs incurred in storing loan wheat in such position as determined by Commodity Credit Corporation. Arrangements have been made for the railroads to indicate transit balance of the through rate on the inbound paid freight bills on a basis of 100 pounds. To obtain the loan value as determined above, the warehouse receipts, in addition to other required documents, must be accompanied by the original paid freight bills duly registered for transit privileges: Provided, That Commodity Credit Corporation will accept in lieu of such bills, warehouse receipts for which a legend, signed by the warehouseman, has been typewritten in the following form or certificate of such warehouseman containing such an undertaking or such forms as may hereafter be approved by Commodity Credit Corporation: (b) Separate schedules of loan values will be issued for the States and counties hereinafter set forth: Colorado: The counties of Alamosa, Archuleta, Chaffee, Conejos, Costilla, Custer, Delta, Dolores, Eagle, Fremont, Garfield, LaPlata, Mesa, Moffat, Montezuma, Montrose, Ouray, Pitkin, Rio Blanco, Rio Grande, Routt, Saguache, San Miguel. Idaho: All counties south of Idaho County. New Mexico: The counties of Colfax, Curry, Harding, Quay, Rio Arriba, Roosevelt, San Juan, Taos, McKinley, Mora, San Miguel, Union. Utah: All counties. Wyoming: The counties of Lincoln, Sublette, Sweetwater, Teton, Uinta. Illinois: The counties of Alexandria, Clark, Crawford, Edwards, Franklin, Hamilton, Gallatin, Hardin, Jackson, Jasper, Johnson, Lawrence, Massac, Perry, Pope, Pulaski, Randolph, Richland, Saline, Union, Wabash, Wayne, White, Williamson. Missouri: The counties of Bollinger, Butler, Cape Girardeau, Carter, Dunklin, Iron, Madison, Mississippi, New Madrid, Pemiscot, Reynolds, Ripley, Scott, Stoddard, Wayne. All counties in the following States: Delaware, Indiana, Kentucky, Maryland, Michigan, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia. The loan value of eligible wheat stored in approved warehouses in the foregoing area which was shipped by rail in the movement of natural market direction as approved by Commodity Credit Corporation, shall be determined by adding 3 cents per bushel to the country loan value for the county from which the wheat is shipped and an amount equal to the transit value of the freight paid from point of origin to markets designated by Commodity Credit Corporation. Lending agencies and County Committees are advised that in each instance such transit value must be verified by the Special Representative of the Commodity Credit Corporation serving the area. In such cases, the loan documents must be accompanied by the original paid freight bills or certificates of the warehouseman and other required documents as set forth in paragraph (a) of this section. If eligible loan wheat is stored in approved warehouses located at transit points, taking a penalty by reason of back haul, or out of line of natural market movement, such penalty or other costs by reason of such movement, as determined by Commodity Credit Corporation, shall be deducted from loan values as determined above. In such cases, the warehouse receipts in addition to the required documents as set forth in § 218.14, must be accompanied by the original or duplicate original paid freight bills, or certificates of the warehouseman as to such paid freight bills as indicated above. § 218.6 Protein premium. The premium shall be added to the loan values of Hard Red Spring, Hard Red Winter, and Hard White Wheat with the indicated protein content. Such premiums will be added to the loan value of farmstored wheat only where the producer presents a protein certificate issued by a laboratory satisfactory to the Commodity Credit Corporation and in the case of wheat stored in approved warehouses, the producer presents such a certificate attached to the warehouse receipt of an approved warehouseman or presents a warehouse receipt of such a warehouseman with protein content indicated thereon. Schedule of protein premium will be found in § 218.7. § 218.8 Variations for grades. Loan values for eligible grades and subclasses shall be at schedule of premiums and discounts shown in § 218.9. NOTE: 218.8 was revoked in effect upon the issuance of § 218.9. § 218.9 Variations for grades. Loan values for eligible grades and subclasses shall be at the following schedule of premiums and discounts: (a) Where the loan value is based on No. 2 wheat, the loan value on No. 1 wheat shall be 1 cent more than the loan value on No. 2; the loan value on No. 3 wheat shall be 2 cents less than the loan value on No. 2; the loan value on No. 4 wheat shall be 5 cents less than the loan value on No. 2; and the loan value on No. 5 wheat shall be 8 cents less than the loan value on No. 2. (b) Where the loan value is based on No. 1 wheat, the loan value on No. 2 wheat shall be 1 cent less than the loan value on No. 1; the loan value on No. 3 wheat shall be 3 cents less than the loan value on No. 1; the loan value on No. 4 wheat shall be 6 cents less than the loan value on No. 1; and the loan value on No. 5 wheat shall be 9 cents less than the loan value on No. 1. (c) The loan value on No. 1 Heavy Dark Northern Spring shall be 1 cent more than the loan value on No. 1 Dark Northern Spring, and the loan value on No. 1 Heavy Northern Spring shall be 1 cent more than the loan value on No. 1 Northern Spring, and the loan value on No. 1 Red Spring shall be 2 cents less than the loan value on No. 1 Northern Spring. (d) The loan value on Yellow Hard Winter shall be 2 cents less than the loan value on Hard Winter. (e) The loan value on Hard White shall be 1 cent more than the loan value on Soft White, except as otherwise provided in this part or supplements thereto. (f) The loan value on Durum wheat shall be 7 cents less than the loan value on Ambur Durum wheat. (g) The loan value on mixed wheat in areas where the loan values are determined other than on the terminal markets listed above shall be 3 cents per bushel below the loan rate established for the comparable numerical grade if it were not mixed as set forth in C.C.C. Wheat Form 1-Supplement 2 for each State. (h) The discount for smut determined on a percentage basis shall be as follows: Cents per bushel the United States and the weight of said dockage shall be deducted from the gross weight of the wheat in determining the net quantity available for loan. In the States of California, Idaho, Oregon, Utah and Washington, the quantity of smut shall be stated in percentage in accordance with the method set out in paragraph (a) under "Smutty wheat" in the handbook of Official Grain Standards of the United States, Revised, October, 1940, and shall be stated in terms of half percent, whole percent, or whole and half percent, as the case may be, and the quantity of smut so determined in pounds shall be deducted from the weight of clean weight after deduction of other dockage. Elsewhere the smut condition of the wheat shall be determined on a degree basis in accordance with paragraph (b) under "Smutty wheat", Official Grain Standards of the United States. Where applicable the words "Light smutty" or "Smutty", as the case may be, shall be added to, and made a part of, the grade designation. The garlic condition of wheat shall be determined in accordance with the Official Grain Standards of the United States, and sucli condition shall be made a part of the grade designation by adding the words "Light garlicky" or the word "Garlicky", as determined under such standards. CROSS REFERENCE: For official grain standards of the United States for wheat, see 7 CFR 26.101-26.121. § 218.11 Determination of quantity of wheat. Loans shall be made at values expressed in cents per bushel, a bushel being determined to be 60 pounds of clean wheat free of dockage, when determined by weight, or 1.25 cubic feet of wheat testing 60 pounds per bushel when determined by measurement. A deduction of three-quarters of a pound for each sack will be made in determining the net quantity of the collateral when stored as sacked grain. In determining the quantity of wheat in farm storage by measurement, fractional pounds of the bushel test weight for wheat testing less than 60 pounds per bushel will be disregarded, and the quantity determined as above will be the following percentages of the quantity determined for 60pound wheat: § 218.12 Maturity and interest rate. Notes secured by wheat stored on farms and in public warehouses shall mature on demand or April 30, 1942. All loans will bear interest at the rate of 3 percent per annum. $218.13 Public warehouses. Commodity Credit Corporation will accept only negotiable, insured warehouse receipts covering wheat pledged as collateral to notes on 1941 C.C.C. Wheat Form B issued by any public grain warehouse which has executed the Uniform Grain Storage Agreement. Warehousemen desiring approval are advised to communicate with the Representative of Commodity Credit Corporation serving the area in which the warehouse is located. A list of the approved warehouses and their locations will be available at the office of the Representative shown in § 218.22 or any State or county agricultural conservation office. The warehouse agreement will limit the warehouseman's lien and impose additional obligations to Commodity Credit Corporation. Approved warehousemen shall not issue and have outstanding at any time warehouse receipts in excess of the normal working capacity or licensed capacity of the warehouses. Under the terms of the warehouse agreement, warehousemen are required to deliver either the identical wheat or country-run quality wheat of the quantity, class, grade, and protein content within one-half of 1 percent as stated on the warehouse receipts or the accompanying documents. All wheat pledged as security for a note must be in the same warehouse, and each |