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CORPORATE DISCLOSURE

HEARINGS

BEFORE THE

SUBCOMMITTEE ON BUDGETING, MANAGEMENT, AND EXPENDITURES

AND THE

SUBCOMMITTEE ON
INTERGOVERNMENTAL RELATIONS

OF THE

COMMITTEE ON
GOVERNMENT OPERATIONS

UNITED STATES SENATE

NINETY-THIRD CONGRESS

SECOND SESSION

JUNE 25, 27, AND AUGUST 14, 1974

PART 3

Printed for the use of the Committee on Government Operations

Ű 1975

U.S. GOVERNMENT PRINTING OFFICE

37-733 O

WASHINGTON : 1974

COMMITTEE ON GOVERNMENT OPERATIONS

SAM J. ERVIN, JR., North Carolina, Chairman JOHN L. MCCLELLAN, Arkansas

CHARLES H. PERCY, Illinois HENRY M. JACKSON, Washington

JACOB K. JAVITS, New York EDMUND S, MUSKIE, Maine

EDWARD J. GURNEY, Florida ABRAHAM RIBICOFF, Connecticut

WILLIAM V. ROTH, JR., Delaware
LEE METCALF, Montana

BILL BROCK, Tennessee
JAMES B. ALLEN, Alabama
LAWTON CHILES, Florida
SAM NUNN, Georgia
WALTER D. HUDDLESTON, Kentucky

ROBERT BLAND SMITH, Jr., Chief Counsel and Staff Director

ELIZABETH A. PREAST, Chief Clerk

ELI E. NOBLEMAN, Counsel

W. P. GOODWIN, Jr., Counsel
J. ROBERT VASTINE, Jr., Minority Counsel
BRIAN CONBOY, Special Counsel for the Minority

W. THOMAS FOXWELL, Staff Editor

SUBCOMMITTEE ON Budgeting, MANAGEMENT, AND EXPENDITURES

LEE METCALF, Montana, Chairman JOHN L. MCCLELLAN, Arkansas

BILL BROCK, Tennessee EDMUND S, MUSKIE, Maine

CHARLES H. PERCY, Illinois SAM NUNN, Georgia

WILLIAM V. ROTH, JR., Delaware
WALTER D. HUDDLESTON, Kentucky

Vic REINEMER, Staff Director
E. WINSLOW TURNER, Chief Counsel
ALAN CHVOTKIN, Professional Staff Member

JACK CHESSON, Counsel
LYLE RYTER, Minority Counsel
JEANNE A. McNAUGHTON, Chief Clerk
PETER INTERMAGGIO, Research Assistant

SUBCOMMITTEE ON INTERGOVERNMENTAL RELATIONS

EDMUND S. MUSKIE, Maine, Chairman SAM J. ERVIN, JR., North Carolina

EDWARD J. GURNEY, Florida LEE METCALF, Montana

WILLIAM V. ROTH, JR., Delaware JOHN L. MCCLELLAN, Arkansas

BILL BROCK, Tennessee
LAWTON CHILES, Florida

ALVIN FROM, Staff Director
GEORGE L. BEAL, Minority Counsel

JANE S. FENDERSON, Counsel
LUCINDA T. DENNIS, Chief Clerk

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CONTENTS

50

50

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