Warehousing of Grains.
Section 12
SEC. 12. Warehousing of Grains. — For purposes of this Act, the term "warehouseman" shall mean any person or entity engaged in the business of accepting rice, corn and other grains, milled or unmilled, for deposit or storage, imposing a charge or charges by reason (.hereof, and engaging to deliver the grain deposited upon surrender of the receipt therefor: Provided, That the warehouseman shall be entitled to allowance for depreciation of the stocks deposited at a rate to be determined by the Administration and approved by the Council.