Show PROCESSING TAX ON HOGS GIVEN Staggered Increases in Rates Expected to Provide Dr fly Associated ft Prell tit WASHINGTON Oct Secretary 19 Wallace today announced the dates date for increases i in processing taxes on onh h hogs gs which will will be at the initial rate of 50 cents per hundredweight elf effective cc- cc tive November 5 The tax will be increased to 1 per hundredweight on December 1 to on January 1 1934 and will reach its maximum of 2 2 on February February ary aryl 1 1 The tax at the 2 ra rate will con con- the end of ot the 1 35 1934 35 34 hog marketing year November 4 1935 unless Wallace finds It n necessary to tomake tomake tomake make adjustments in the rate as provid provided provided pro pro- vid vided in the farm act Tax collections on live hogs during that period are expected to total of which about will be used to reimburse the federal federal federal fed fed- eral treasury for sums Urns advanced to finance the hog marketing program A maximum of will be available as at benefit pa payments ments to farm farm- farmer er erf ert who reduce hog production 25 percent per percent percent cent under the new program A maximum of of ot there the re receipts of the tax will be used for market operations for relief purposes and administrative expenses Wallace said the rates were at l less than the full difference difference differ differ- ence between the current average farm arm price and the fair fab exchange value of parity price for hogs A farmer A may butcher hogs for his own consumption and cure the carca carcass car car- ca cass portions without any tax being Imposed on he may have the butchering butcher butcher- ing ng and curing for his own consumption tion done tax free tree The tax will be refunded on hog l products exclusively used for charitable chari chari- table able distribution |