COMMERCIAL FISHERIES REVIEW 



Vol. 13, No. 7 



extended the Defense Production Act un- 

 til July 31. 1951. That resolution pro- 

 vides that the authority of the Defense 

 Production Act "shall not be exercised 

 during the period June 30, 1951, to July 

 31, 19jl, inclusive, to place into effect, 

 or permit to become effective, a price 

 ceiling for any material or service lower 

 than the ceiling in effect for such ma- 

 terial or service on the date of the enact- 

 ment of this resolution." 



This resolution was adopted as a tem- 

 porary hmitation, pending further con- 

 sideration by Congress, following the 

 passage of the Senate bill (S. 1717) 

 limiting the authority for rollbacks in 

 ceiling prices. The Senate Banking and 

 Currency Committee, in reporting that 

 bill expressed the intention that the 

 limitation on rollbacks be accompanied 

 in administration by a restriction, where 

 practicable, of future roUforwards above 

 the January 24-February 24, 1951, level. 

 (Sen. Rep. 470. 82d Cong., 1st sess. p. 

 18. 1 The debate in the House of Repre- 

 sentatives indicates the general inten- 

 tion that the Resolution operate to pre- 

 serve the status quo, pending further 

 Congressional consideration. (97 Cong. 

 Rec. pp. 7666-7, 7669. 7674, 7677.) 



The Director of Price Stabilization is 

 of the opinion that pending further 

 clarification and study manufacturers' 

 ceiling prices should be kept at their 

 existing level. The effect of this general 

 overriding regulation is to eliminate all 

 requirements for rollbacks after June 30, 

 1951 and to freeze price ceiling provisions 

 in eSect on June 30, 1351. 



Sellers of commodities subject to 

 CPR 22 and the companion regulations 

 who have put those price ceiling regu- 

 lations into effect on or before June 30, 

 1951, as to any commodity or service, 

 continue to price under those regula- 

 tions for that commodity or service. 

 Otherwise the seller continues to apply 

 the GCPR. except in the case of wool 

 yarn and fabrics where he applies CPR 

 18. 



Sellers who have not yet filed their 

 reports under the regulations in ques- 

 tion need not do so until further ac- 

 tion by the OPS, This provision does 



not countermand reports already on 

 file. But whether such reports con- 

 taining proposed increases in ceiling 

 prices became effective on June 30. 1951, 

 may depend on the waiting provisions 

 of the regulation. Under CPR 22, re- 

 ports of ceiling price increases received 

 by OPS after June 14, 1951, will not have 

 the effect of establishing a ceiling price 

 in effect on June 30, 1951, since the 15- 

 day period after date of receipt will not 

 have expired on or before June 30, 1951. 

 Ceiling prices for commodities covered 

 by such filings will, therefore, remain at 

 their GCPR level . 



Special circumstances have rendered 

 impracticable consultation with indus- 

 try representatives prior to the issuance 

 of this regulation. 



REGtTLATORY PROVISIONS 

 Sec. 



1. Coverage. 



2. What this regulation does. 



3. Commodities or services first dealt in after 



June 30. 1951. 



4. Reports not required. 



Adthority: Sections 1 to 4 Issued under 

 Sec. 704, Pub. Law 774, 81st Cong., as amend- 

 ed. Interpret or apply Title IV, Pub. Law 

 774, 81st Cong., as amended; E. O. 10161, 

 Sept. 9, 1950, 15 F. R. 6105. 



Section 1. Coverage. This General 



Overriding Regulation applies to you if 



you are subject to any of the following 



price ceihng regulations or regulations 



supplementary thereto: 



CPR 18 — Manufacturers' Prices tor Wool 

 Yarns and Fabrics. 



CPR 18 — Revision 1 — Manufacturers' Prices 

 for Wool Yarns and Fabrics. 



CPR 22 — Manufacturers' General Celling 

 Price Regulation. 



CPR 30 — Machinery and Related ManiUac- 

 tured Goods. 



CPR 37 — Primary Cotton Textile Manufac- 

 turers' Regulation. 



CPR 11 — Shoe Manufacturers' Regulation. 



CPR 45 — Apparel Manufacturers' General 

 Celling Price Regulation. 



Sec 2. What this regulation does, (a) 

 If any of the price ceiling regulations 

 listed in section 1 were in effect as to 

 you on June 30, 1951, for any commod- 

 ity or service, your ceiling price for that 



commodity or service shall continue to 

 be determined under that regulation. 

 Otherwise, you shall compute your ceil- 

 ing price for the commodity or service 

 under the General Ceiling Price Regula- 

 tion, or under CPR 18 in the case of wool 

 yarns and fabrics. 



(b) Even though you filed a report, 

 under a regulation listed in section 1, of 

 a proposed ceiling price with respect to 

 a commodity or service, that regulation 

 was not in effect as to you on June 30, 

 1951, for that commodity or service, if 

 the requisite waiting period had not ex- 

 pired, or if the proposed ceiling price 

 was not properly deterirtined under the 

 applicable regulation. 



Sec. 3. Commodities or services first 

 dealt in after June 30. 1951. If a com- 

 modity or service was not offered for 

 sale, sold or delivered by you on or before 

 June 30, 1951. you shall apply this sec- 

 tion 3 and shall determine the ceiling 

 price under the regulation applicable to 

 the commodity or service which will 

 yield ceiling prices most nearly in line 

 with your ceiling prices in effect on June 

 30. 1951. for your related commodities 

 or services.. In the event you were not 

 in business prior to June 30. 1951. you 

 may use either the General Ceiling Price 

 Regulation or the applicable regulation 

 listed in section 1 to determine your ceil- 

 ing prices. 



Sec. 4. Reports not required. You need 

 not after June 30. 1951. file any reports 

 under any of the regulations listed in 

 section 1 except as to the extent that the 

 regulation is applicable to you after 

 June 30, 1951, and except for reports re- 

 quired in connection with prices estab- 

 lished under section 3 of this regulation. 



Effective date: T'he provisions of this 

 General Overriding Regulation are effec- 

 tive July 1. 1951. and shall continue in 

 effect until further notice. 



Edward P. Phelps, Jr.. 

 Acting Director of Price Stabi- 

 lization. 



June 30, 1951. 



***** 



INTiiaFRETATION OF GOR 13 ; An interpretation of General Overriding Regulation 13, 

 continuing manufacturers' ceiling prices in effect on June 30, was issued by OPS on 

 July 6. 



GOR 13, issued June 30, provides that manufacturers would continue pricing under 

 the General Ceiling Price Regulation of January 26, unless they had put new prices 

 into effect on or before June 30. under the general manufacturers' {CPR 22), machinery 

 (CPR 30) , and related manufacturing regulations of the agency. 



Some of these regtilations, including CPR 22 and CPR 30, were to have gone into 

 effect Monday, July 2, but since rollbacks are prohibited under the 31-day extension 

 of the Defense Production Act of 1950 passed by Congress last week, the Office of 

 Price Stabilization issued GOR 13 maintaining manufacturers' prices at June 30 levels. 



