Domestic Minerals Act of 1958: Hearings Before the Subcommittee on Mines and Mining of the Committee on Interior and Insular Affairs, House of Representatives, Eighty-fifth Congress, Second Session, on H.R. 13280, to Encourage the Discovery, Exploration, and Development of the Mineral Resources of the United States ..., July 3, 17 and 18, 1958
United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Mines and Mining
U.S. Government Printing Office, 1959 - Mineral industries - 179 pages
Committee Serial No. 28. Considers legislation on increasing Federal assistance to public and private mining interests in the exploration, development and production of mineral resources.
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Page 15 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 11 - Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
Page 11 - For the purposes of this Act — (1) The term "Secretary" means the Secretary of Health, Education, and Welfare; (2) The term "Commissioner" means, unless the context otherwise requires, the Commissioner of the Administration on Aging.
Page 11 - Treasury under this subsection shall be upon such terms and conditions as to yield a return at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the making of such purchase.
Page 14 - Administrator under this title shall be in such forms and denominations, have such maturities, and be subject to such terms and conditions as may be prescribed by the Administrator, with the approval of the Secretary of the Treasury. Such notes or other...
Page 14 - newly mined" means domestic material processed into concentrates or severed from the land subsequent to the date of enactment of thia Act, but shall not exclude normal inventories of crude ore. The term does not refer to material recovered from mine dumps, mill tailings, or from smelter slags and residues derived from material mined prior to the date of enactment of this Act.
Page 15 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of such notes or other obligations.
Page 4 - Such interest shall be at rates which (1) are not less than the rates of interest which the Secretary of the Treasury shall determine the Department of the Interior would have to pay if it borrowed such funds from the Treasury of the United States, taking into consideration current average yields on outstanding marketable obligations of the United States with maturities comparable to the terms of the particular contracts involved and (2) plus 2 per centum per annum in lieu of recovering the cost...
Page 8 - President may issue such rules and regulations and make such determinations as he deems necessary and appropriate to carry out the provisions of this Act.