Sale of Government-Owned Surplus Tanker Vessels: Hearings |
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Page 29
... reason they did not pay any American taxes was because of the expenses involved in amortizing the vessels , was it not ? Mr. LEECE . Well , let me put it this way . Their only income was the $ 876,000 accruing from this 15 - year , bare ...
... reason they did not pay any American taxes was because of the expenses involved in amortizing the vessels , was it not ? Mr. LEECE . Well , let me put it this way . Their only income was the $ 876,000 accruing from this 15 - year , bare ...
Page 43
... reason for that in the option ? Same officers , same people , then why the change in names ? Mr. LEECE . No ; there is no indication as to the reasons for it , Sen- ator Mundt . However , we have been advised that under the terms of ...
... reason for that in the option ? Same officers , same people , then why the change in names ? Mr. LEECE . No ; there is no indication as to the reasons for it , Sen- ator Mundt . However , we have been advised that under the terms of ...
Page 47
... reason why United Tanker , proceeding in the first instance by itself , could not have gone to the Maritime Com- mission and obtained the right to buy these three vessels ? Mr. LEECE . United Tanker had applied , in December of 1947 ...
... reason why United Tanker , proceeding in the first instance by itself , could not have gone to the Maritime Com- mission and obtained the right to buy these three vessels ? Mr. LEECE . United Tanker had applied , in December of 1947 ...
Page 58
... reason . In August , American Overseas Tanker Corp. got in touch with the Maritime Com- mission and now requested that title to the Antelope Hills , one of the three vessels originally allocated , be taken in the name of this Trans ...
... reason . In August , American Overseas Tanker Corp. got in touch with the Maritime Com- mission and now requested that title to the Antelope Hills , one of the three vessels originally allocated , be taken in the name of this Trans ...
Page 69
... reason is more to be found in market changes than in Government pricing policies . I think that that is correct . Because there was no profit made by virtue of getting any advantage in pricing from the Maritime Com- mission . As Admiral ...
... reason is more to be found in market changes than in Government pricing policies . I think that that is correct . Because there was no profit made by virtue of getting any advantage in pricing from the Maritime Com- mission . As Admiral ...
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Common terms and phrases
Admiral COCHRANE agreement allocated American citizens American Overseas Tanker American Viking answer Antelope Hills AOTC application attorney believe Casey group charter China International Foundation China Trading Chinese Petroleum client committee Communist China correct counsel Delaware Tanker Department discussed DORN DUDLEY fact filed financing FLANAGAN foreign FRANTZ going Government Greenwich Marine Corp GUTHRIE indicate interest January January 24 Kettleman Hills KLEIN knew KoNow law firm LEECE LENFEST letter Maritime Commission marked Exhibit matter Meacham Morris National Resources Commission National Tanker Corp Nationalist Niarchos operation option Overseas Tanker Corp paid Panama Panamanian corporation percent president profit purchase question recall recollection record referred ROSENBAUM Senator HOEY Senator MCCARTHY Senator MCCLELLAN Senator MUNDT Senator NIXON shares sold statement stockholders SYRAN T-2 tankers testimony tion transaction understand United States citizens United Tanker Corp vessels WASSON WESTERLUND