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8/26/41
Calculating the 20^ down payr^ient on radio sets, refrigera¬ tors and other household articles, the down payment will be cal¬ culated on a '■’basis*' price. This is defined as the "bonafide cash purchase price of such article, minus the amount of any allowance made by the seller for any article traded in by the purchaser (including as such a trade-in anything which the seller buys from the purchaser at about the time of the purchase of the listed article ) ,"
The proposed credit regulations apply to sales under (Jl,000 and do not affect open or outstanding accounts nor the present credit arrangements of department and furnitiore stores.
The proposed regulations also would exempt "any extension of credit to a dealer in any listed article, whether wholesaler or retailer, to finance the purchase of any such article (including radio sets) for resale," Registration and licensing of install¬ ment credit organizations is proposed, to enforce the Federal Reserve Board*s future regulations,
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AMTFbHS GIVE UP BAND FOR MILITARY TRjilfllNG
Showing the proper spirit in cooperating with the 17ar Department in national defense the radio amateurs have agreed to temporary cessation of amateur activities in the 3800-3900 kilo¬ cycle band, as ordered by the Federal Coriimuni cat ions Commission to make those frequencies available for the training of many thousands of additional aircraft pilots in the large number of new airfields throughout the UnitdStates , An essential part of such training involves a large-scale use of radio communications.
The order v;as entered subsequent to a hearing from which it appeared that the amateurs recognized the necessity of the withdrav/al for defense purposes and refrained from entering any protest against such military use. At this hearing it was indicated that there was objection to the elimination of the exclusive Class A privileges for amateurs and the order has been modified to retain such privileges.
The V/ar Department has carefully studied the progress of the pilot training program, which will eventually require exclusive use on a temporary basis of the 3650-3950 kilocycle portion of the amateur band, with a ^/lev/ to determining the extent to v^hich it my be possible to defer cessation of amateur operations in various ]portions of this band. As a result of this study it appears that it v/ill be necessary to initiate ' partial use of the band 3000-5900 kilocycles about October 1,
1941, but that it maybe possible to'use this band jointly vhth the amateurs until about December 20, 1941,
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