To Facilitate and Encourage New Ship Construction, Including National Reserve of Tankers ...: Hearings ... on H.R. 6353 and 6441 ... July 23, 24, and 28, 1953 |
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18 knots 90 percent Admiral DENEBRINK ALLEN amended American-flag amount believe BONNER built CHAIRMAN charter correct cost Department of Commerce Department of Defense DORN dry-cargo event of default fleet tankers funds going Government guarantee industry July 23 KEOGH KREBS legislation lender loan MAILLIARD Maritime Administration market value ment Merchant Marine Act Military Sea Transportation million mortgage insurance mortgagor mothballs MSTS MUMMA national defense features national defense reserve national-defense feature Navy old tankers passenger vessels pay principal payment present principal or interest private financing private lending institutions private operators proposed purchase question reference reserve fleet ROBESON ROTHSCHILD Sea Transportation Service Secretary MURRAY Secretary of Commerce Secretary WEEKS SEELY-BROWN ship construction ship mortgage Ship Sales Act shipbuilding sold speed statement subsidize talking tanker fleet testimony THOMPSON tion title XI tonnage trade understand WEICHEL World War II yesterday
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Page 24 - ALVIN F. WEICHEL, Chairman, Committee on Merchant Marine and, Fisheries, United States House of Representatives, Washington 25, DC DEAR MR. CHAIRMAN : The Chamber of Commerce of the United
Page 78 - I am testifying in connection with HR 6441, a bill to amend certain provisions of title XI of the Merchant Marine Act, 1936, as amended, to facilitate private financing of new ship construction and for other purposes.
Page 57 - Cong., 1st sess.] A BILL To amend certain provisions of title XI of the Merchant Marine Act, 1936, as amended, to facilitate private financing of new ship construction, and for other purposes Be it enacted
Page 28 - Mr. MAILLIARD. That is really what I was trying to get at. It seems to me that the situation in which we find ourselves now could very readily have been anticipated. I am surprised that the Navy did not take steps to put some of these in reserve, anticipating the demand that now is apparent.
Page 2 - 1936, to provide a national defense reserve of tankers and to promote the construction of new tankers, and for other purposes," being forwarded to the Congress at this time. The Department of Defense does not concur in the basic understanding stated In your letter insofar as it relates to the possible use of funds appropriated to
Page 45 - The utility value of the new vessel for operation in the domestic or foreign commerce of the United States shall not be substantially less than that of the obsolete vessel.
Page 45 - l, USC 1 provides that : In determining the meaning of any act or resolution of Congress, words importing singular number may extend and be applied to several persons or things.
Page 57 - may prescribe not inconsistent with the provisions of this title, to insure against loss not to exceed 90 per centum of the unpaid balance of principal of loans and advances of credit made to finance the construction, reconstruction, or reconditioning of vessels with respect to which he is authorized to provide mortgage insurance under sections 1101 to 1109, inclusive.
Page 1 - of America in Congress assembled. That section 510 (b) of the Merchant Marine Act, 1936, as amended, is amended by adding at
Page 41 - in the world trade or in the foreign or domestic trade of the United States.