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RESTRICTED RESTRICTED -323- -324- Department of Agriculture began its operations in Puerto Following the devastating hurricane which struck the Rico in 1908. An increase in Federal appropriations since 1934 has brought about an expansion of activities of island in September 1928; causing vast damage to crops and rural housing, Congress established in December of that year benefit to Puerto Rico, such as (1) efforts to eradicate the Puerto Rican Hurricane Relief Commission to aid in bovine tuberculosis, Bang's disease, and cattle tick, and (2) a regular livestock-inspection service. 1 reconstruction and rehabilitation, appropriating $10 million for the purpose. Of this amount, a total of $6 million was granted by the Commission in the form. of loans, Beginning in 1922, the Farm Credit Administration and the remainder was spent directly on various aspects of through its several subsidiaries has extended credits to rehabilitation. The Commission was abolished in June 1935, Puerto Ricans in various forms. As a constituted farm and its residual loan-adjustment functions were transferred district, Puerto Rico has been served by the following to the Department of the Interior.l major subsidiaries of this agency: (1) the Federal Land Bank, which makes mortgage loans on farms; (2) the Federal The Puerto Rican Emergency Relief Administration was Intermediate Credit Bank, which acts as a bank of discount established on August 19, 1933. The expenditures of this to supply short-term funds required by production-credit agency in 1934-1936 totaled approximately $30 million.2 associations, farmers' cooperatives, and similar organiza- The Puerto Rico Reconstruction Administration, created on tions; (3) the Production Credit Corporation, which May 28, 1935, operated mainly from 1936 to 1941.3 supervises and furnishes part of the capital for production- credit associations; and (4) the Baltimore branch of the Federal agricultural extension service began in Central Bank for Cooperatives, which makes longer-term Puerto Rico following the application to Puerto Rico on loans to farmers' cooperatives. The Federal Land Bank March 4, 1931, of the Smith-Lever Act of 1914, to be has been in operation in Puerto Rico since July 1922, the effective as of the fiscal year ending June 30, 1933, with Federal Intermediate Credit Bank since early in 1925, the the provision that the benefits of this act would be Production Credit Corporation since February 1934, and the extended gradually over a period of years until full equality Bank for Cooperatives since February 1934.2 with the States was reached. The extension activities parallel those in the United States, namely, spreading information among farmers and their families regarding 1 improvement of agricultural methods and of rural home life. Hearings Pursuant to S. Res. 26, pp. 335-336; Hearings Pursuant to H. Res. 159, p. 1764. 2Hearings Pursuant to H. Res. 159, pp. 1776-1783; 1 Hearings Pursuant to H. Res. 159, pp. 1751-1754, Certain restrictions on farm loans in Puerto Rico (imposed 1915. because of the lack of experience as to losses) were authorized to be removed by an amendment to the Federal 2 Reduction of Nonessential Federal Expenditures, pp. Farm Loan Act, approved Oct. 29, 1949; Public Law 433, 276-277. 81st Congress. For the background of the amendment, see House Committee on Agriculture, Subcommittee No. 1, See ante, pp. 231-236. Hearings Eighty-first Congress, First Session, on H.R. 3699 and H. R. 848 (Apr.-May 1949); House Report 446 Stat. 1520. The Legislature accepted in August 1933 No. 694, 81st Congress, 1st Session; Senate Report No. 1144, the Federal act of March 1931, and established in consequence 81st Congress, 1st Session; House Report No. 1460, 81st the insular Agricultural Extension Service, which began Congress, 1st Session (Conference Report) Congressional to function in July 1934; Manual of Government Agencies in Record, vol. 95, July 11, 1949, pp. 9406-9409. See also Puerto Rico, p. 318. Puerto Rico (report to the United Nations), 1948, pp. 82- 87, and Governor's Annual Report, 1948, p. 17. 5 Hearings Pursuant to H. Res. 159, pp. 1792-1794. RESTRICTED RESTRICTED

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    "ocrText": "RESTRICTED\nRESTRICTED\n-323-\n-324-\nDepartment of Agriculture began its operations in Puerto\nFollowing the devastating hurricane which struck the\nRico in 1908. An increase in Federal appropriations since\n1934 has brought about an expansion of activities of\nisland in September 1928; causing vast damage to crops and\nrural housing, Congress established in December of that year\nbenefit to Puerto Rico, such as (1) efforts to eradicate\nthe Puerto Rican Hurricane Relief Commission to aid in\nbovine tuberculosis, Bang's disease, and cattle tick, and\n(2) a regular livestock-inspection service. 1\nreconstruction and rehabilitation, appropriating $10\nmillion for the purpose. Of this amount, a total of $6\nmillion was granted by the Commission in the form. of loans,\nBeginning in 1922, the Farm Credit Administration\nand the remainder was spent directly on various aspects of\nthrough its several subsidiaries has extended credits to\nrehabilitation. The Commission was abolished in June 1935,\nPuerto Ricans in various forms. As a constituted farm\nand its residual loan-adjustment functions were transferred\ndistrict, Puerto Rico has been served by the following\nto the Department of the Interior.l\nmajor subsidiaries of this agency: (1) the Federal Land\nBank, which makes mortgage loans on farms; (2) the Federal\nThe Puerto Rican Emergency Relief Administration was\nIntermediate Credit Bank, which acts as a bank of discount\nestablished on August 19, 1933. The expenditures of this\nto supply short-term funds required by production-credit\nagency in 1934-1936 totaled approximately $30 million.2\nassociations, farmers' cooperatives, and similar organiza-\nThe Puerto Rico Reconstruction Administration, created on\ntions; (3) the Production Credit Corporation, which\nMay 28, 1935, operated mainly from 1936 to 1941.3\nsupervises and furnishes part of the capital for production-\ncredit associations; and (4) the Baltimore branch of the\nFederal agricultural extension service began in\nCentral Bank for Cooperatives, which makes longer-term\nPuerto Rico following the application to Puerto Rico on\nloans to farmers' cooperatives. The Federal Land Bank\nMarch 4, 1931, of the Smith-Lever Act of 1914, to be\nhas been in operation in Puerto Rico since July 1922, the\neffective as of the fiscal year ending June 30, 1933, with\nFederal Intermediate Credit Bank since early in 1925, the\nthe provision that the benefits of this act would be\nProduction Credit Corporation since February 1934, and the\nextended gradually over a period of years until full equality\nBank for Cooperatives since February 1934.2\nwith the States was reached. The extension activities\nparallel those in the United States, namely, spreading\ninformation among farmers and their families regarding\n1\nimprovement of agricultural methods and of rural home life.\nHearings\nPursuant to S. Res. 26, pp. 335-336;\nHearings\nPursuant to H. Res. 159, p. 1764.\n2Hearings\nPursuant to H. Res. 159, pp. 1776-1783;\n1\nHearings\nPursuant to H. Res. 159, pp. 1751-1754,\nCertain restrictions on farm loans in Puerto Rico (imposed\n1915.\nbecause of the lack of experience as to losses) were\nauthorized to be removed by an amendment to the Federal\n2 Reduction of Nonessential Federal Expenditures, pp.\nFarm Loan Act, approved Oct. 29, 1949; Public Law 433,\n276-277.\n81st Congress. For the background of the amendment, see\nHouse Committee on Agriculture, Subcommittee No. 1,\nSee ante, pp. 231-236.\nHearings\nEighty-first Congress, First Session, on\nH.R. 3699\nand H. R. 848 (Apr.-May 1949); House Report\n446 Stat. 1520. The Legislature accepted in August 1933\nNo. 694, 81st Congress, 1st Session; Senate Report No. 1144,\nthe Federal act of March 1931, and established in consequence\n81st Congress, 1st Session; House Report No. 1460, 81st\nthe insular Agricultural Extension Service, which began\nCongress, 1st Session (Conference Report) Congressional\nto function in July 1934; Manual of Government Agencies in\nRecord, vol. 95, July 11, 1949, pp. 9406-9409. See also\nPuerto Rico, p. 318.\nPuerto Rico (report to the United Nations), 1948, pp. 82-\n87, and Governor's Annual Report, 1948, p. 17.\n5 Hearings\nPursuant to H. Res. 159, pp. 1792-1794.\nRESTRICTED\nRESTRICTED"
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