Includes 2 projects (1 beryllium and 1 lead-zinc) which are technically cancellations-i. e., no Government money was spent-that have been certified; and also 3 project (tungsten) which are still technically in force that have been certified. LOANS TO PRIVATE ENTERPRISE Defense agencies under the jurisdiction of the Secretary of the Interior, except the Defense Minerals Exploration Administration, serve as recommending agencies with respect to applications from private business enterprises for defense loans to finance expansion of capacity of facilities within their respective purviews. Such Government loans are available under the provisions of section 302 of the Defense Production Act. The table on the following page shows the number, dollar value, and disposition of loan applications submitted to the respective agencies through March 31, 1953. NECESSITY CERTIFICATES FOR ACCELERATED TAX AMORTIZATION The following series of tables presents the status, as of the end of February 1953 of applications for necessity certificates for accelerated tax amortization submitted to the Petroleum Administration for Defense, the Defense Solid Fuels Administration, and the Defense Electric Power Administration, respectively, for report and recommendation. Such reports and recommendations are now transmitted to the Office of Defense Mobilization, to which the certifying function was transferred recently when the Defense Production Administration, which formerly performed that function, was merged into the ODM. The actions of the certifying agency, as well as those of the recommending agency, are indicated on these tables. It should be noted that, for each agency, the estimated increase in capacity represented by the applications is shown along with data on the numbers of applications pertaining to the various categories of facilities. A second table, in the case of each agency, presents data on the dollar amounts involved and the average percentage of accelerated tax amortization approved. Agency Summary of status of defense loan applications as of Mar. 31, 1953 No tables are included for the Defense Fisheries Administration, which has received, through February 28, 1953, a total of only denied by the certifying agency. 14 such applications, involving $4,153,000. DFA has recommended denial of all of these applications, and the applications have been Defense Solid Fuels Administration. 30216-53-pt. 4-18 |