PHILIPPINES REHABILITATION ACT OF 1946 (PUBLIC LAW, 79TH CONG.)

1 Includes vessels to be redelivered from present bare-boat charter agreement and vessels currently under general agency agreement.

2 Excluded U. S. Maritime Commission controlled vessels undergoing reconversion. 3 * Comptroller used as storage vessel.

• Relaxation of certain financial requirements recommended to U. S. Maritime Com-
mission.

APPENDIX F.-Tabulation of vessels operated by charterers and/or agents of the U. S. Maritime Commission, excluding tankers-Continued

Number of companies operating under general agency agreement..

Number of vessels active and inactive..

Total number of vessels for which charterers have been financially qualified.

1 Not yet approved by U. S. Maritime Commission.

362

1,520

The CHAIRMAN. Is that all?
Mr. MEADE. That is all I have.

Mr. GEASLIN. I would like to suggest: that doesn't show anything about overhead because it does not show how many vessels were being operated by each company, and apparently the total overhead of each company. Indications are that we would be operating a substantial number of vessels in American bottoms. I can assure this committee that our overhead is not any $400 a day.

The CHAIRMAN. Any other statements to be introduced?

Mr. MEADE. Mr. Chairman, I have just been handed by Mr. Bon Geaslin some figures which he offered to secure during the luncheon hour, showing the companies certificated to operate in intercoastal trade and the number of vessels owned by each.

I will offer that for the record and I have a copy for each member of the committee.

(The figures referred to above are incorporated at this point.)

Companies certificated to operate in intercoastal trade and number of vessels owned by each

Name of company:

American Foreign Steamship Corp

American-Hawaiian Steamship Co

American President Lines, Ltd--

Calmar Steamship Corp--.

Isthmian Steamship Co--

Vessels owned or contracted to purchase

4

5

15

9

30

16

1

6

Luckenbach Steamship Co., Inc. (Luckenbach Gulf Steamship Co., Inc.)
Northland Transportation Co--

NOTE.-American Foreign Steamship Corp., Northland Transportation Co., and United States Lines are not presently operating in the intercoastal trade.

American President Lines, Calmar Steamship Corp., and Weyerhaeuser Steamship Corp., are operating owned vessels. The American President Lines intercoastal service, however, is merely an intercoastal leg of foreign voyages. The other companies are operating chartered vessels in the trade.

The number of vessels purchased, as indicated above, does not mean that all of such vessels will be assigned to the intercoastal trade. In fact, American President Lines, Isthmian Steamship Co., Waterman Steamship Corp., and United States Lines will assign to the intercoastal trade only such number as may be necessary to meet the requirements thereof.

Pope & Talbot, Inc., are presently operating the six vessels owned by them on a subsidized route in the foreign commerce.

The CHAIRMAN. Anything else? Mr. Meade, is that all?
Mr. MEADE. That is all.

The CHAIRMAN. Mr. Levine.

Mr. LEVINE. I will not take but a moment of the committee's time. The CHAIRMAN. They have all said "about a moment."

Mr. LEVINE. I will even stand. I went to the Department of Agriculture during the recess and secured some figures which I think are very pertinent to the consideration of whether charters shall be continued or not.

During the month of January the Department of Agriculture had scheduled the shipment of 1,593,462 tons of grain. That is a total of 173 shiploads, full.