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Gunter von Conrad, counsel.

Kaiser Steel Corp., Mark T. Anthony, vice president and general manager, steel division_..

PUBLIC WITNESSES-Continued

Italy-America Chamber of Commerce, Inc., Arthur A. DeSantis, executive secretary, accompanied by:

Jones, Bill H., executive vice president, National Livestock Feeders Association

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1397

947

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Katz, Simon, executive vice president, New York Merchandise Co., on behalf of American Importers Association, accompanied by :

Gerald O'Brien, executive vice president, AIA; and David Palmeter, Daniels & Houlihan_. Kenna, E. Douglas, president, National Association of Manufacturers; Daniel L. Goldy, chairman, International Committee, Chamber of Commerce of the United States; and Ian MacGregor, chairman and chief executive officer, American Metal Climax, Inc., on behalf of the U.S. Council of the International Chamber of Commerce_

Kennedy, William F., counsel, on behalf of General Electric, International
& Canadian Group.

Krauthoff, Louis, chairman, Advisory Committee, Consumer Education
Council on World Trade, and Doreen L. Brown, chairman, Consumer
Education Council on World Trade_-_-

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Kuhfuss, William J., on behalf of the American Farm Bureau Federation, accompanied by:

Donald E. Hirsch, American Farm Bureau Federation___
Larry, R. Heath, vice chairman, U.S. Steel, and chairman, Committee on
International Trade, American Iron & Steel Institute__
League of Women Voters of the United States, Lucy Wilson Benson, presi-
dent, accompanied by:

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Dr. Fruzsina Fedlam, national staff, League of Women Voters; and
Ruth Hinerfeld, international chairman, League of Women Voters
of the United States___

Leddy, John M., chairman, Advisory Trade Panel, Atlantic Council of the
United States, accompanied by:

Jacques J. Reinstein_____

Lewis, Robert G., national secretary, National Farmers Union_.
MacGregor, Ian K., chairman and chief executive officer, American Metal
Climax, Inc., on behalf of the U.S. Council of the International Chamber
of Commerce_

Mangum, Robert B., president, Central Foundry Co., accompanied by :
Jerome O. Hendrickson, executive vice president, Cast Iron Soil Pipe
Institute; Frederick Drum Hunt, foreign trade consultant, Cast Iron
Soil Pipe Institute; and James Welch, general counsel, Cast Iron
Soil Pipe Institute_

McCauley, Alfred R. and Seymour Graubard, Graubard, Moskovitz & Mc-
Cauley, counsel, on behalf of American Institute for Imported Steel, Inc.,
accompanied by:

Ernest Wimpfheimer, past president, and director, American Institute
for Imported Steel, Inc____
McLellan, Robert, vice president and manager of International Develop-
ment, FMC Corp., and chairman, Mid-America Council for International
Economic Policy--

McNeill, Robert L., on behalf of the Emergency Committee for American
Trade, and Robert M. Norris, president, National Foreign Trade Council,
Inc., accompanied by:

Meany, George, president, AFL-CIO, accompanied by :

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720

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Melvillo H. Walker, executive vice president, National Foreign Trade
Council, Luc____

Andrew Biemiller, director, Department of Legislation; and Nat
Goldfinger, director, Department of Research___
National Association of Manufacturers, E. Douglas Kenna, president__.
National Council for United States-China Trade, Christopher H. Phillips,
president ---

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National Council of Farmer Cooperatives, Robert N. Hampton, vice president, Marketing and International Trade.--.

995

PUBLIC WITNESSES-Continued

National Electrical Manufacturers Association, Bernard H. Falk, president, accompanied by:

Page

Theodore Crolius__.

1518

National Farmers Union, presented by Robert G. Lewis, national secretary

1024

National Foreign Trade Council, Inc., Robert M. Morris, president, accompanied by:

Melville II. Walker, executive vice president, National Foreign Trade
Council, Inc____

840

National Livestock Feeders Association, Bill H. Jones, executive vice president

947

National Milk Producers Federation, Patrick B. Healy, secretary.
National Machine Tool Builders Association, Ralph Cross, chairman, gov-
ernment relations committee..

Nationwide Committee of Export-Import Policy, O. R. Strackbein, presi-
dent

New York Chamber of Commerce and Industry, World Trade Department,
Thomas N. Stainback, president, accompanied by:

Charles E. Lilien, vice chairman, Chambers World Trade Committee,
executive vice president, Wells Fargo International;
James H. Ingersoll, vice president, World Trade, Chicago Association
of Commerce & Industry, vice president, Borg-Warner Corp.; and
A. Robert Abboud, vice chairman of First Chicago Corp., chairman,
World Trade Policy Committee of the Chicago Association of Com-
merce & Industry.

Norris, Robert M., on behalf of the National Foreign Trade Council, Inc.,
accompanied by:

Melville II. Walker, executive vice president, National Foreign Trade
Council, Inc-----

North Atlantic Ports Association, Clifford B. O'Hara, chairman, Federal
legislation and government traffic committee, director, Port Authority
of New York and New Jersey, chairman, Committee XI, Foreign Com-
merce, American Association of Port Authorities, accompanied by:
Anu Lacis, secretary; and C. Thomas Burke, chairman, U.S. section,
International Association of Great Lakes Ports, executive director,
Seaway Port Authority of Duluth_

O'Hara, Clifford B., director, Port Authority of New York and New Jersey,
chairman, Committee XI, Foreign Commerce, American Association of
Port Authorities, chairman, Federal legislation and government traffic
committee, North Atlantic Ports Association, accompanied by:

Anu Lacis, secretary; and C. Thomas Burke, chairman, U.S. section,
International Association of Great Lakes Ports, executive director,
Seaway Port Authority of Duluth

Olsson, Sture G., chairman of the board, Chesapeake Corp. of Virginia, on
behalf of the American Paper Institute, accompanied by:

Judson Hannigan, president, International Paper Co., chairman, Containerboard Division, American Paper Institute;

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1590

840

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Edwin A. Locke, Jr., president, American Paper Institute; and
Dr. Irene W. Meister, director, international business and special proj-
ects, American Paper Institute..

1526

Outboard Marine Corp., Vaughan E. Border, director of marketing, accompanied by:

Charles O. Verrill, counsel; and Bart S. Fisher, counsel---

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Overseas Development Council:

Erb, Guy F., senior fellow..

873

Hansen, Roger D., senior fellow--

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Palmeter, David, on behalf of Robert M. Woletz, chairman, Legislative
Committee, National Office Machine Dealers Association__.

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Phillips, Christopher H., president, National Council for United States-
China Trade____.

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PUBLIC WITNESSES-Continued

Port Authority of New York and New Jersey, Clifford B. O'Hara, director;
chairman, Committee XI, Foreign Commerce, American Association of
Port Authorities, chairman, Federal legislation and government traffic
committee, North Atlantic Ports Association, accompanied by:

Anu Lacis, secretary; and C. Thomas Burke, chairman, U.S. section,
International Association of Great Lakes Ports, executive director, Page
Seaway Port Authority of Duluth___

1578

Poultry & Egg Institute of America, presented by Harold M. Williams, accompanied by:

William J. Austin, chairman of the board__

1041

Reynolds, James J., president, American Institute of Merchant Shipping, accompanied by:

Barbara Burke, legislative assistant_.

1551

Rhodes, Edward M., president, American Chain Association, accompanied by:

Wyatt Dawson, chairman of the board; and
John Hoch, counsel_-

1544

Roper, Robert L., executive director, International Executives Association,
Inc

1377

Schacht, Henry, president, U.S. National Fruit Export Council___
Stainback, Thomas N., president, New York Chamber of Commerce & In-
dustry, World Trade Department, accompanied by:

Charles E. Lilien, . vice chairman, Chambers World Trade Committee,
executive vice president, Well Fargo International;
James H. Ingersoll, vice president, World Trade, Chicago Association
of Commerce & Industry, vice president, Borg-Warner Corp.; and
Robert Abboud, vice chairman of First Chicago Corp., chairman,
World Trade Policy Committee of the Chicago Association of Com-
merce & Industry-----

Steinberg, David J., executive director, Committee for a National Trade
Policy, Inc.__.

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Strackbein, O. R., president, Nationwide Committee on Export-Import
Policy

Synthetic Organic Chemical Manufacturers Association, Robert C.
Barnard, counsel----.

3M Co., Harry Heltzer, chairman, board of directors, and chief executive officer

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Union Carbide Corp., Richard M. Brennan, director, international trade and tariff, and chairman, International Trade Committee of the Manufacturing Chemists Association___.

1274

United Automobile, Aerospace & Agricultural Implement Workers of
America (UAW), Leonard Woodcock, president, accompanied by:
Herman Rebhan, director, International Affairs Department__.
United Steelworkers of America, AFL-CIO, I. W. Abel, president, accom-
panied by:

857

Jacob Clayman, secretary-treasurer, Industrial Union Department,
AFL-CIO

1329

U.S. Chamber of Commerce, Daniel L. Goldy, president, International Systems and Controls Corp_.

717

U.S. Council of the International Chamber of Commerce, Ian K. MacGregor, chairman and chief officer, American Metal Climax, Inc__. -U.S. National Fruit Export Council, presented by Henry Schacht, president

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U.S. Steel, R. Heath Larry, vice chairman, and chairman, Committee on
International Trade, American Iron & Steel Institute__
Williams, Harold M., president, Poultry & Egg Institute of America, ac-
companied by:

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William J. Austin, chairman of the board..

1041

Woletz, Robert M., chairman, Legislative Committee, National Office
Machine Dealers Association, presented by David Palmeter---
Woodcock, Leonard, president, United Automobile, Aerospace & Agricul-
tural Implement Workers of America (UAW), accompanied by:
Herman Rebhan, director, international affairs department..

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857

X

COMMUNICATIONS

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Page American Institute of American Shipping, James J. Reynolds, president-- 1559 American Institute of Marine Underwriters, Robert W. Hahn, chairman__ American Institute of Merchant Shipping, James J. Reynolds, president__ Beidler, Jack, legislative director, International Union, United Automobile, Aerospace & Agricultural Implement Workers of America (UAW)----Blackburn, Hon. Ben B., a Representative in Congress from the State of Georgia

Border, Vaughan E., director of marketing, Outboard Marine Corp---
Brennan, Hon. Peter J., Secretary of Labor----

Davis, Hilton, general manager, legislative action, Chamber of Commerce
of the United States_.

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Electronic Industries Association, William H. Moore, vice president__
Hahn, Robert W., chairman, American Institute of Marine Underwriters.
Hartke, Hon. Vance, a U.S. Senator from the State of Indiana______ 1433, 1482
Moore, William H., vice president, Electronic Industries Association---
Outboard Marine Corp., Vaughan E. Border, director of marketing_.
Reynolds, James J., president, American Institute of Merchant Shipping--
United Automobile, Aerospace & Agricultural Implement Workers of
America (UAW), International Union, Jack Beidler, legislative director-
U.S. Chamber of Commerce, Hilton Davis, general manager, legislative
action

Articles:

ADDITIONAL INFORMATION

"Soviet Radio Beamed to Arabs Backs Those Favoring Oil Ban". Aramco tax statement--

1559

873

737

1148

1416

"Independence on Foreign Oil Traced to IRS Tax' Ruling".

"Aramco Net Put at $3.2 Billion, Hinting No. 1 Oil Producer World Profit Leader”.

1426

1428

"A Different Story-Not Long Ago, It Was Too Much Petroleum That Upset Oil Firms".

1430

"A Grim Economic Forecast".

1437

"Multibillion-Dollar Tax Benefit Seen for Big Oil Firms".

1456

"Occidental Petroleum to Study Feasibility of $500 Million Libya GasProcessing Plant".

"The Arabian Fantasy".

"Going to the Source-Fuel-Short U.S. Firms Are Eying Arab Lands as Sites for Factories".

1458

1459

"U.S. Plans Close Watch on Japan Export Drive”.

"U.S. Had Surplus in '73 Payments, First in 14 Years".

"Surplus in U.S. Trade Shrinks but Exports Again Exceeded Imports in February"--.

1460

1467

1468

1469

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"Despite Problems--West Germany Boosts Exports 32 percent in January"

1476

"Report of Record Bonn Trade Surplus Nips Modest Recovery of Dollar Abroad".

1476

"German Reserves Seen Plentiful”.

1478

"West Germany Is Seen Headed for Healthy Payments Surplus"-
"Research Summaries"-

Committee on Finance press releases announcing hearings on the Trade
Reform Act__--

1479

1483

5

Text of H.R. 10710___

Question submitted by Senator Hansen to Hon. William D. Eberle..
Questions submitted by Senator Bentsen to Secretary Dent---

12

236

403

State Department response to questions of Congressman Blackburn submitted by Senator Curtis_-_

466a

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U.S. imports of refrigeration and automotive equipment from selected countries, valued under $1,000,000 each in 1973...

196

Average post-Kennedy roun MFN tariff levels on industrial products-Percentage distribution of total MFN industrial imports by ranges of tariff levels‒‒‒

257

Estimates of f.o.b. foreign port, of export values, c.i.f. U.S. ports, of
unlading values, and value of charges (insurance and freight costs to
U.S. port of unlading) for U.S. general imports, by month (January-
December 1973) –
Selected U.S. Government-assisted exports and disbursements, by
months, 1973__.

Total U.S. domestic and foreign merchandise exports and estimated
exports financed under the Foreign Assistance Act and Public Law
480

Domestic and foreign merchandise and Department of Defense mili

257

389

389

391

tary assistance program grant-aid shipments: 1962 to date------ 392, 393 Employment and unemployment rates in industry groups where imports account for 10 percent or more of domestic consumption___. Proportions of total civilian force employed in services, 1960, 1972Nonagricultural employment in the United States--

412

437

439

U.S. employment in selected industries, 1960–73

448

Employment in chemicals, computers, and aircraft_

449

Public opinion poll-Overall, the public favors curtailment of U.S.
companies' expansion abroad by almost a 2-to-1 margin___.
"My Turn: The Dissenters Solzhenitsyn Left Behind"-

738

Net tax before and after foreign tax credit in 3 major oil companies in 1970---

U.S. taxes paid by U.S.-based major oil companies in 1972/1962/71___ Net tax before and after foreign tax credit in 3 major oil companies in 1970.

U.S. companies heavily dependent on foreign sales and earnings___
Overall, the public favors curtailment of U.S. companies' expansion
abroad by almost a two-to-one margin.......

U.S. taxes paid by U.S.-based major oil companies__.
World's 15 largest manufacturing corporations ranked by assets in
1972

1610

1434 1439

1440

1449

1450

1451

1451

U.S. direct foreign investment and rates of return, 1972 and 1971__
Profit per barrel for Aramco___.

1452

1453

Total earnings and expenses of Aramco_

1453

Comparison of liftings with dividends to Aramco partners_.
United States exports and imports_.

1454

1468

U.S. Tariff Commission determinations on worker petitions for trade adjustment assistance, by industries, years 1963-72.

1485

Trade Adjustment Assistance-Study by National Association of Manufacturers

766

APPENDIX A (PART 1)

Charts on U.S. trade, balance of payments, and energy-Prepared by the staff of the Committee on Finance.

353

APPENDIX A (PART 2)

Questions submitted in writing to the administration witnesses, with their responses.......

501

APPENDIX B (PART 2)

Summary and analysis of H.R. 10710-The Trade Reform Act of 1973_

535

APPENDIX C (PART 2)

Staff data and materials on U.S. trade and balance of payments----

657

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