73d C ONGRESS . SESS. II. CH. 263. MAY 9, 1934 .
671 consumption sugar, including also edible molasses, sirups and any mix- ture containing sugar (except blackstrap molasses and beet molasses) . "(C) The term ` blackstrap molasses' means the commercially so- "slackstrap molas- designated `byproduct' of the cane-sugar industry, not used for Ses .' human consumption or for the extraction of sugar . "(D) The term `beet molasses' means the commercially so-desig-
Beet molasses ." nated `bypro duct' of the beet-sugar in dustry, not us ed for human consumption or for the extraction of sugar . "(E) The term `raw sugar' means any sugar, as defined above, "Raw sugar ." manu fact ured or mark eted in, or brou ght into , th e Un ited Sta tes, in any form whatsoever, for the purpose of being, or which shall be, further refined (or improved in quality, or further prepared for dis- tribution or use) . "(F) The term `direct-consumption sugar' means any sugar, as "Direct-consumption defined abov e, manufactur ed or markete d in, or broug ht into, the sugar . " United States in any form whatsoever, for any purpose other than to be further refined (or improved in quality, or further prepared for distribution or use) . "(G) The term ` raw value' means a standard unit of sugar testing "Ra w value." ninety-six sugar degrees by the polariscope . All taxes shall be impo sed and all quot as s hall be esta blis hed in t erms of `raw val ue' and for purposes of quota and tax measurements all sugar shall be translated into terms of ` raw value' according to regulations to be issued by the Secretary, except that in the case of direct-consumption Exception. sugar produced in continental United States from sugar beets the raw value of such sugar shall be one and seven one-hundredths times the weight thereof ." SEC . 3 . (a) The first two sentences of subsection (b) of section 9 Ante, p .36. of the Agricultural Adjustment Act, as amended, are amended to Processing tax . read as follows : "The processing tax shall be at such rate as equals ra Determinati on of the difference between the current average farm price for the com- modity and the fair exchange value of the commodity ; except that if If tax results in re- duction of domestic the Secretary has reason to believe that the tax at such rate on the consumption, causing processing of the commodity generally or for any particular use or surplus stocks . uses will cause such reduction in the uantity of the commodity or products thereof domestically consume as to result in the accumula- tion of surplus stocks of the commodity or products thereof or in the depression of the farm price of the commodity, then he shall cause an appropriate investigation to be made and afford due notice and Investigations . opportunity fo r hearing to interested pa rties . I f th e r eu p on t he Rate reducti on an- Secretary finds that any such result will occur, then the processing thorized . tax on the processing of the commodity generally, or for any desig- nated use or uses, or as to any designated product or products thereof for any designated use or uses, shall be at such rate as will prevent such accumulation of surplus stocks and depression of the farm price of the commodity ." (b) Subsection ( b) of section 9 of the Agri cultural Adju stment Act, as amended, is further amended by adding at the end thereof the following : " In the case of sugar beets or sugarcane the rate of sugar beets, etc . Rates to be applied tax shall be applied to the direct-consumption sugar, resulting from to direct-consumption the first domestic processing, translated into terms of pounds of sugar, etc. raw value according to regulations to be issued by the Secretary of Agriculture, and the rate of tax to be so applied shall be the higher Determination of . of the two following quotients : The difference between the current average farm price and the fair exchange value (1) of a ton of sug ar beets and (2) of a ton of sugarcane, divided in the case of each commodity by the average extraction therefrom of sugar in terms of pounds of raw value (which average extraction shall be
