Hearings of Merchant Marine and Fisheries Committee on Merchant Marine Act of 1936 and the Ship Sales Act of 1946: Hearings Before the Committee on Merchant Marine and Fisheries, House of Representatives, Eightieth Congress, Second Session on H.J. Res. 377 ... H.J. Res. 398 ... H.J. Res. 412 ... and H.J. Res. 413 ... March 17, 23, 31, April 1, 7, 8, 22, 28, 29, 30, May 6, 12, 13, 14, 1948

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Considers status of U.S. merchant marine and shipbuilding industry, and considers legislation to extend and revise shipbuilding construction differential subsidy programs.
 

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Page 80 - ... owned and operated under the United States flag by citizens of the United States insofar as may be practicable, and (d) composed of the best-equipped, safest, and most suitable types of vessels, constructed in the United States and manned with a trained and efficient citizen personnel. It is hereby declared to be the policy of the United States to foster the development and encourage the maintenance of such a merchant marine.
Page 77 - It is necessary for the national defense and development of its foreign and domestic commerce that the United States shall have a merchant marine (a) sufficient to carry its domestic waterborne commerce and a substantial portion of the waterborne export and import foreign commerce of the United States...
Page 658 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority.
Page 88 - Marine (A) sufficient to carry its domestic waterborne commerce and a substantial portion of the waterborne export and import foreign commerce of the United States and to provide shipping service on all routes essential for maintaining the flow of such domestic and foreign waterborne commerce at all times...
Page 662 - Treasury shall pay to the holders the amount thereof, which is hereby authorized to be appropriated out of any money in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such debentures.
Page 673 - ... capable of serving as a naval and military auxiliary in time of war or national emergency...
Page 667 - ... a lien for damages arising out of tort, for wages of a stevedore when employed directly by the owner, operator, master, ship's husband, or agent of the vessel, for wages of the crew of the vessel, for general average, and for salvage, including contract salvage.
Page 663 - States (a) if the title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation in favor of any person not a citizen of the United States...
Page 17 - For want of a nail, a shoe was lost; For want of a shoe, a horse was lost...
Page 666 - States and the corporation itself is organized under the laws of the United States or of a State, Territory, District, or possession thereof...

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