Amending the Merchant Marine Act, 1936, as Amended: Hearings Before the Subcommittee on Maritime Affairs of the Committee on Merchant Marine and Fisheries, House of Representatives, Eighty-first Congress, First[-second] Session, on H.R. 3289 [and Others] ...

Front Cover

From inside the book

Selected pages

Other editions - View all

Common terms and phrases

Popular passages

Page 361 - SEC. 215. The Commission is authorized to acquire by purchase or otherwise such vessels constructed in the United States as it may deem necessary to establish, maintain, improve, or effect replacements upon any service, route, or line in the foreign commerce of the United States...
Page 368 - ... and I showed you some charts, but I will do it again if you want me to repeat it. Senator BTRD. No, you do not need to do that. Senator McGee, any questions ? Senator McGEE. No questions. Senator CASE. I have no questions. Senator BYRD. Mrs. Houck, do you wish to make a statement ? Mrs. HOUCK. No; I do not think I have anything further to add, Mr. Chairman. Thank you. Senator BYRD. Mr. Peterson, you have presented certainly a very cogent picture of your problem today. I think it has been a most...
Page 362 - ... life expectancy of the subsidized vessels except that the life expectancy of a vessel which shall have been or is to be wholly or partially reconstructed or reconditioned shall upon request be determined jointly by the Secretary of the Treasury and the Commission, and the depreciation charges on such vessel shall be computed on the life expectancy so determined.
Page 362 - Clause (5) of section 606 of such Act is amended by striking out the phrase "twenty-year life expectancy of the subsidized vessels" and inserting in lieu thereof the following : "life expectancy of the subsidized vessels determined as provided in section 607 (b).
Page 362 - In this fund the contractor shall deposit annually or oftener, as the Commission may require, an amount equal to the annual depreciation charges on the contractor's vessels on which the operating differential is being paid, such depreciation charges to be computed on a twenty-year life...
Page 363 - Chairman, Committee on Interstate and Foreign Commerce, House of Representatives, Washington, DC DEAR MR.
Page 362 - ... shall have been or is to be wholly or partially reconstructed or reconditioned shall upon request be determined jointly by the Secretary of the Treasury and the Commission, and the depreciation charges on such vessel shall be computed on the life expectancy so determined." SEC. 18. Section 607 (d) of such Act is amended by striking out the phrase "being twenty years" and inserting in lieu thereof the following : "as provided in section 607 (b)".
Page 382 - The subcommittee stands adjourned until 10 o'clock tomorrow morning. (Whereupon, at 11 am, the hearing was adjourned to...
Page 358 - SUBCOMMITTEE ON MARITIME AFFAIRS EDWARD J. HART, New Jersey, Chairman HERBERT C. BONNER, North Carolina ALVIN F. WEICHEL, Ohio DONALD L. O'TOOLE, New York HENRY J. LATHAM, New York CLARK W. THOMPSON, Texas THOR C. TOLLEFSON, Washington FRANK W. BOYKIN, Alabama JOHN J. ALLEN, JR., California EDWARD A.
Page 371 - February 1949 to present testimony with respect to the independent offices appropriation bill for the fiscal year...

Bibliographic information