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7 . we - - el et a a 2 oa. 1 ( | b Je_ NY 46-2507 ' DEPARTMENT ITEM Noe 57 . This itom states that on January 15, 1951, two : liberty vessels woro purchased from the Maritime Commission under Contract 62786 on a mortgage aid basis, It is requested that a check be mado of the financial atatements filed with. : the application to qualify for mortgage aid against the actual f cash position of that timo and also the source of funds used P to make the 25% downpayment and to qualify fina 1 The re following investigation was conducted by SA The files of the Maritime Administration at Washington, DCs, reflected that by letter dated April 27, 1951, H, 0. BECKER, Assistant Treasurer, Victory Carricrs, Inc., forwarded a Balance Sheet of Victory Carricrs, Ince as at December 31, 1950, to the Maritime Administration, Washington, D.C. There was attached to instant statement an affidavit oxecuted by BECKER on April 26, 1951, In this affidavit BECKER stated that he has carefully gxamined instant Balance Shect and bolicves it to be a true and correct statement of the financial condition, ea a Pend OPN RSE DY seh ty ae mnt RRC RARE Ir RNR EN Ere wn no .. ; Photostatic copies of the letter dated April 27. 1951, -- affidavit dated April 26, 1951, and Bilance Sheet as at December 31, : 1950, are being forwarded with this report as enclosure number 10, os : * According to the above-mentioned Balance Sheet as at. December 31, 1950, Victory Carriors, Inc. had a cash balance of $1, 2h, 360. 31, BECKER oxamined the filles of Victory Carriers, Ince with negative results in an effort to locate the aforomentioned Batance Sheet. However, he did locate two Balance Sheets as at Decombor 31, 1950, both of which show a cash balance of $1,830, 360.31e SECKER ndvisod that those Balance Sheets were forwarded to tho law firm of GOODWIN, ROSENBAUM & MEACHAM, presumbly to bo forwarded to the Muritime Administration, One of these Balnanco Sheots is certifiod by ROBERT L. BERENSON, Presidont, and the other Balanco Sheot is certifiod by H. 0.. FECKER, Assistant Treasurcre BERENSON made tho following | remarks in cortifying ono of tho Bulanco Sheets; Boh apt ten moe ANE MISERY AS AN DOE Fe P05 PR nT RSE CT - PT Cey 1 ro ao + , -. ~ -1Lh- . . | - pe hag tae ee,