Inquiry Into the Policies, Procedure and Program Involving Granting of Certificates of Necessity and Defense Loans: Hearings Before a Subcommittee of the Committee on Expenditures in the Executive Departments, House of Representatives, Eighty-second Congress, First Session, March 19, 20, April 5, 9, 20, and 23, 1951
U.S. Government Printing Office, 1951 - Finance - 400 pages
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additional Administration agency allowed amortization amount application approved authority basis believe Board building BULGER Bureau capacity capital Casey certificate of necessity Chairman Commerce committee concerned CONGRESS connection consider consideration construction Corp corporation correct cost CRAVEN CREEDON DAVLIN Defense Production Department determination discussed Division emergency engineer equipment estimated expansion facilities fact figure filed financing funds Gibson give going Government granted HARDY HARPER HARRISON Hazleton Howse increase indicated industry interest iron issued LANTAFF LEYDA loan materials matter McCoy mean meeting memorandum mill million necessary needed operation particular percent percentage period plant present proposed question reason recommendation record referred respect signed statement steel supply thing tion trying tubing understand WOODSIDE
Page 381 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he 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 purchases of such notes and obligations.
Page 381 - 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 the obligation of the Bank.
Page 382 - In determining, for the purposes of subsection (a) or subsection (g), the adjusted basis of an emergency facility — "(1) There shall be included only so much of the amount of the adjusted basis of...
Page 368 - ... as is properly attributable to such construction, reconstruction, erection, installation, or acquisition after December 31, 1949, as the certifying authority, designated by the President by Executive Order, has certified as necessary in the interest of national defense during the emergency period, and only such portion of such amount as such authority has certified as attributable to defense purposes.
Page 381 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate...
Page 382 - The 60-month period shall begin as to any emergency facility, at the election of the taxpayer, with the month following the month in which the facility was completed or acquired, or with the succeeding taxable year.
Page 381 - When in his judgment it will aid the national defense, the President is authorized to install additional equipment, facilities, processes, or improvements to plants, factories, and other industrial facilities owned by the United States Government, and to install Government owned equipment in plants, factories, and other industrial facilities owned by private persons.
Page 181 - Delegate agencies or officers of the Government to which an application is referred, shall be responsible for making a report and recommendation for specific action to the Certifying Authority regarding each application. Such report...