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Aristotle Onassis — Part 3
Page 72
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Fe a ETE TORTI CH: EEO EE Re oe Heer ne CR tS
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NY 46-2507
DEPARTMENT ITEM NUMBER 17
This item requests that the amount of charter
hire paid by Petroleum Carriers of Panama to USPC be
ascertained.
From-an examination of the books and records of
USPC and, more particularly, the accounts set up thereon
relating to Petroleum Carriers of Panama and Lambert Brothers,
Agents for Petroleum Carriers of Panama, it was ascertained
that the following amounts of charter hire were paid by
Petroleum Carriers of Panama to USPC during the years 1948
through 1951: | ;
1948 $1, 74463 78
199 2,167,226.85
1950 2,221,846.56
1951 2 2,123, 7764
Total «8, 2575 48h. $3 |
7; See ncex= Gompie te: -deteatis-:en-the- foregoing: ware being secon amiccwoen
submitted with this report as Exhibit. This exhibit
consists of four sheets, one for each of the years 1948,
1949, 1950 and 1951,
It will be found that the charges for charter hire
as set up on the books and records appear on the left portion
of each of these pages and the payments or reimbursement for
charter hire as ascertained from the books and records are
set forth on the right portion of each of these four pagese
It will be noted that the total of the payments or
“reimbursement for the years 1948 and 19],9 exceeds the amount
as set up as the charge for charter hire for those years,
This excess is accounted for by the fact that included in >
the payments are amounts for expenses in addition to the
charter hire which amounts could not be.segregated from the
payments as received. In other words, payments were made
which included settlement for both charter hire and other
operating expenses with no breakdown being shown.
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