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tof wo ag, od we ii’ < *. - - *. yy ~ ° 7 YOR IMMEDIATE RELEN ~ . - FRIDAY, AUGUST 10, | w~ MMr/ Bclmont—— Mr. Mason--—— Mr, Mohr—— hr. Ape NM Mr. Mr. Nease —--- Mr. Winterrowd - v. ' O le. Room——— settlement of the Government's claims against the A. G. Onassis intere té Holloman Miss Gandy—— has been concluded. a ji — ..—————— The terms of the earlier settlement, previously announced, required ( r), , DEPARIMENT OF JUSTICE Wh dl Attorney General Herbert Bromell, Jr., announced today that fi Onassis' ship owning campanies to pay the Government $7,000,000 anf to make changes in the management and ownership of these companies to satisfy the a Justice Department that they are citizen corporations within the meaning of 28 Under the terms of @ trust indenture executed today by the Onassis oie interests majority of the stock of U. 8. Petroleum Carriers, Inc., Victory 2 : Carriers, Inc., Western Tankers, Inc. and Trafalgar Steamship Company, __ . ¢ which owned 21 American flag vessels, has been transferred to Grace National : Bank of Kew York as trustee. Each of these operating corporations vill now , & bave @ new board of directors and four of the five directors will be a OEE American citizens selected by the trustee as the now controlling stockholder, “¢ The proposed new directors are E. Tinsley Ray, Zinoni Moran, John Griswold “i and Charles Cunningham. £ : q The trust indenture permits the trustee to undertake a program for the a Bs construction of super-tankers in the United States which had previously 3 4 been initiated by Onassis. Such program, if undertaken, however, wust be at subject to such approvals ent requirements of the ey, States dpritine iE Aéministretor as he may deem to be required or enptopridtets L=> an of Of the $7,000,000 payable in installments to the ‘Government by the n1e 18 Onassis interests, $4,000,000 has now been paid; $1;872,591.05°Being ree ar ceived pop, ooveramest eo July 31, 1956. ‘3 66 ANT? nee 7 'IIV . a ~ . . + 1 TRY, Poe