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meal OR ed . EF Irearer een Org gar sere ay Seman ea * a Telnet RIND ena Ak Aiud. ceeds J . “ r stn wa a asthe dh . ‘ : oe 7 id H eee a Rar ee ao tel re wy 7 a ar : oe ee a IT ae Ra ms i) ioe isin, NY 46-2507 . charter these vessels on a bareboat basis to one or mre of the first group oil companies and pay off the mortgage n the vessels with charter hire over a five year period, bid : was to be the accountant and PARKER was to nandiv certain legal matters and, although he did not kmow it at this time, DUDLEY was supposed to be an expert on organization of fereign corporations, | 1e returned to New York City and discussed this mtter with the othor partners of 0, F and Compeny, e other partners “tO BO and, al he does not spccifics so, he bee . lisves he must have him of thcir approvaT, the mattcr at the ee he hod that, . F. Taylor snd vompany did agree £8 accountants for American Marine, they would do so on a contingent feo basis with the understanding that, ' in the event the business venture proved unsuccessful, 0. F. Taylor would not render a bill toimerican Marine and, in the “évent the venture proved successful, 0, F.Taylor and. Company would bill Americen Marine at approximately twice the feo which they charged regular clients for comparable services, ——_ ee -: made Seorctary-Treasurer of - bp the corporation in t wos convenient to have a representao- tive and official located in New York City ang further in that such arrangement made it possible for PARLE GEE tc uso the office of 0. F. Taylor and Company from which to make telephone calls and handle miscellancous matters while in New York City. He advised PARKER fF monde na number of visita re a and he hed discussions with them on many ocensions, separately and together, in New York City betweon October, 1947 and February, 1948 relative to charturing tho vessels and finm- lad _cing the purchase of the vessels, In this connection, a * was almost imperative that the aproement to charter @ vessels and tho agreement to finance the vessels take place simultnneously as the company or syndicate which financed the ships was reluctant to do so unless the identity of the chartoror ond financia] background thereof was known, =: