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wee C NY ho- 2507 DEPARTMENT ITEM NIMBGER_ 13 Oe th i dina ae Oe Tene "> i ia al This item requests information relative to arrange- ments whereby Simpson ence and Young became the figceal and chartering agents of the ONESSIS-KONIEDIDTS group. The {tei else requests information relative to arrangements for tee payment of operating expenses of vessels in the U.S.P.C. group and advances by Simpson, Spence and Young (hereinafter ; erred to as SSY), . ar. The Lollowing invé z was conducted by SAS (A) 17 and be a eee 2 ee ae y - 4 . CHARLES AUGENTHALER, Partner, Simpson, Spence and Young, advised that his firm has no written a reeme ent_wifh either the ONASSIS-KONIALIDIS’ group or the Ss. P. he) to fincticn as thelr fiscal or chartering sganES: Hie stated P that the relationship between SSY in New York and ARISTOTLES | ~ _S. ONASSTS in New York began in lefe 1939 or early 19h0, : -. ‘although"he believes that there may have been some prior : business association between ONASSIS and the London Office of : . SSY. During the period commencing in 1939 or 19h0, SSY é previded space in their offices for various individuals ._ engaged in shipping:operations. ONASSIS was one of these ~ _individuals end Mr, AUGENTHALER recalled that at that time - ONASSIS was operating three vessels which he believes were registered under foreign flags. SSY acted as an agent in chartering these vessels. Subsequent to World War II, ONASSIS through his various companies acquired other vessels and generally expanded his operations, AUGENTHALER believes that the KONIALIDIS brothers joined with ONASSIS subsequent to World War II. SSY has continually operated as chartering agents for the group to the present timee When the U. 5. P, C. group commenced business, SSY also became chartering agents for ~ these companies. we Ee eee De ae ane e ee : AUGENTHALER stated that no specific arrangements were ever made for the payment of operating expenses or cther expenses either with tho U. S, P. C. group or the foreign group of companies, The source of income to SSY from these groups is in commissions collected by SSY in connection with chartering Ears Sanihad mon aiae peaT eS