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ee lll oe ble ee oe ae ee ~ack, ! | 1 i Sa a? , ! - LE oe i . NY 46-2507 . cP a ° ci DEPARTMENT ITEM BUMBER 55 $e “a adie a : s This item requests an examination of the records of USPC to determine whcther the charter hire from Trans- Atlantica Financicra Industrial, Panama, S.A., was actually | ‘ paid to USPC. . ale tf o7 hye Oe The following investigation was conducted by b SA(A : Ve et An examination of the books and records of USPC failed to reflect any chartcr hire agreements betweon USPC and Trans-Atlantica. However, the records of Pacific Tankers, Inc. (name later changed to Western Tankers, Inc.) reflect that the following tankers ownod by this company wore time chartered to Trans-Atlantica on tho following dates: . 1 vette he . eT MONTABELLO HILLS March 9, 1949 - McKITTRICK HILLS March 9, 1949 2 - WILLIAM A. BURDEN August 3, 1949 to OLYMPIC GAMES __ _._fiugust 24, 1950 census eee 5 gle a Gag TALS EER TS Se eee Bae A GES UL Re TASS a eta The above-ncntioned time charters were terminated on November 8, 1951, November 6, 1951, July 25, 1951, and July 28, 1951, respectively. The records of Pacific Tankers, Inc. reflected that invoices for charter hire on the foregoing vessels were sent to TrenseAtlantica or its agent, Cargo, S.éi.s, by Pacific Tenkers, Payments for instant invoices were made to Pacific -.- Tankers by Cargo, S.i.., and Trans-atlantica. wae ere bet deg Sel cee? ied te ae Mee ie In addition, the books and records of the Victory Carriors, Inc. reflect that the following Victory ships owned by this company were time chartered to Trans-Atlantica for a period of ten years: : owe? ied Lone gt oye iMES VICTORY July 21, 1949 [ COE VICTORY’ July 7, 19h9 : { . . COEUR D'ALENE VICTORY July 27, 1949 oe , = if sha