Merchant Marine LegislationU.S. Government Printing Office, 1958 - 96 pages Considers legislation to implement the pledge of faith clause for Federal ship construction loan guarantees, to authorize U.S. ship owners to depreciate and amortize the cost of new ships, to authorize new merchant ships construction, to provide indemnity protection for a new U.S. nuclear-powered ship, and to revise ship admeasurement laws concerning water ballast spaces. |
Common terms and phrases
85th Congress accelerated depreciation admeasurement amend section 1105 American merchant marine amortization appropriate Atomic Energy authorized bill to amend bonds Budget Bureau cargo Carib Queen CHAIRMAN Committee on Interstate companies Congress default Department election enactment excess profits taxes faith clause Federal income Federal Ship Mortgage financing flag fleet Foreign Commerce Grace Line implement the pledge industry insured mortgage interest costs interest rates Interstate and Foreign investment investors JOSEPH CAMPBELL June 16 KRUSEN loans and mortgages MAGNUSON Maritime Administration ment Merchant Marine Act million MORSE Mortgage Insurance Fund mortgages and loans nuclear ship Savannah obligations owner payment percent period pledge of faith problem proposed legislation reactor reconstruction replacement program RODDIS Secretary of Commerce Senator BRICKER Senator BUTLER Senator LAUSCHE SHAPIRO Ship Mortgage Insurance ship replacement shipbuilding shipowners statement subsection supertanker tankers tion tons Treasury United States Senate United States-flag WARREN G Washington water ballast
Popular passages
Page 7 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 12 - Moneys in the fund shall be deposited in the Treasury of the United States to the credit of the fund or invested in bonds or other obligations of, or guaranteed as to principal and interest by, the United States.
Page 2 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act as amended, are extended to include any purchase of such notes and obligations.
Page 12 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...
Page 2 - Be it enacted by the Senate and Souse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Arms Control and Disarmament Act Amendments in 1975".
Page 3 - Act, as amended, are extended to include any purchases of such notes and obligations. The Secretary of the Treasury may at any time sell any of the notes or other obligations acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 70 - Any space other than the double-bottom space adapted only for water ballast, certified by the collector not to be available for the carriage of cargo (other than ballast water for use for underwater drilling, mining, and related purposes, Including production), stores, supplies, or fuel, shall be deducted from the gross tonnage as measured to get gross register tonnage.
Page 3 - Administrator, with the approval of the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of such notes or other obligations.
Page 10 - VIRGINIA ALAN H. TEMPLE EXECUTIVE VICE PRESIDENT THE FIRST NATIONAL CITY BANK OF NEW YORK NEW YORK, NEW YORK HC TURNER, JR.
Page 71 - From the gross tonnage there shall be deducted any other space adapted only for water ballast certified by the collector not to be available for the carriage of cargo, stores, supplies, or fuel.