Page:United States Statutes at Large Volume 48 Part 1.djvu/1268

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73d CONGRESS . SESS. II. CHS. 759, 760. JUNE 26, 1934 . for thei r ma nufac ture, tha t the impo siti on of the proce ssin g tax would prevent in whole or in large part the use of the commodity in the manufacture of such products and thereby substantially reduce consumption and increase the surplus of the commodity, then the Secretary of Agriculture shall so certify to the Secretary of the Treasury, specifying whether such result will in his judgment most effectively be prevented by a suspension of the imposition of the processing tax or a refund of the tax paid, with respect to such amount of the commodity or any product thereof as is used in the manufacture of such products, and thereafter, as shall be specified in such certification, (1) the imposition of the processing tax shall be suspended with respect to such amount of the commodity as is used in t he m anufa cture of such produ cts, and there after , as shal l be specified in such certification, (2) the imposition of the processing tax shall be suspended with respect to such amount of the com- modity as is used in the manufacture of such products until such time as the Secretary of Agriculture, after further investigation and due notice and opportunity for hearing to interested parties, revokes Refunds . his certification to the Secretary of the Treasury, or (3) the Secre- tary of the Treas ury sh all re fund ( in acco rdance with the pr ovisio ns of, to such persons and in such manner as shall be specified in, such certification) the amount of any tax paid (prior to the date of any revocation by the Secretary of Agriculture of his certification to t he Se creta ry of the Trea sury, upo n fur ther inve stiga tion and after due no tice a nd opp ortuni ty for hearin g to i nteres ted pa rties) under this title with respect to such amount of the commodity or any product thereof as is used after the date of such certification in the manufacture of such products ." SEC. 2. (a) Paragraph (4) of subsection (d) of section 9 of the Agricultural Adjustment Act, as amended, is repealed . Ante, pp. 528, 675.

(b) Paragraph (7) of subsection (d) of such section 9 is amended to read as follows "(7) In the case of any other commodity, the term `processing' means any manufacturing or other processing involving a change in the form of the commodity or its preparation for distribution or use, as defined by regulations of the Secretary of Agriculture ; and in prescribing such regulations the Secretary shall give due weight to the customs of the industry ." SEC . 3 . Section 19 (b) of the Agricultural Adjustment Act, as amended, is amended by striking out the word " ninety " and inserting in lieu thereof the words " one hundred and eighty ". Approved, June 26, 1934 . Effect of tax upon, to be studied . Suspension, etc. Temporary suspen- sion, pending further investigation . Ante, p . 36, repealed . Def inition of " proc- essing" as applied to otber commodities . Collecting taxes. Ante, p. 41 . June 26, 1934 . [S J .Res . 115.1 [Pub . Res ., No. 46 .1 Federal Trade Co m- mission . Directed to c omplete its investigations of utilities . Final report, etc ., not later than Jan uary 1936. [CHAPTER 760 .1 JO INT RES OLU TION Whereas it is learned that the Federal Trade Commission, because of lack of time, money, and personnel, intends to close its utilities investigation under S.Res. 83, Seventieth Congress, first session, without investigating various important corporations included among those described in said resolution

and

Whereas it is in the public interest that certain of said corporations be investigated : Therefore be it Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Federal Trade Commission be, and it is hereby, authorized and directed to proce ed und er the Senat e reso lution afores aid un til it has i nvesti - gated such of said corporations as in its judgment should be inves- tigated, but the investigation shall be completed and the Commis- sion's final report, with recommendations, shall be submitted to the Congress not later than the First Monday in January 1936 . Appro ved, June 26, 1934 .