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b7/e tlio sls shan desea iint { (rT 1 } : ~ . j | Co { ” 3 NY 46-2507 ° wen Mette . 4 AL ee so ate aind beill A i teat ee . "4 : DEPARTMENT ITEM NUMBER 72 This item requested that the officers of Petroleum Navigation Corporation be interviewed relative to the negotiation concerning the sale of two tankers, SS FEDERAL s9e REPUBLIC, to Trafalgar Steamship Company about December il, 1950, Gs follo investipation was conducted by SAS nt iii, TORKILD RIEBER, President of Barber 011 Corporation, Room 3340, 30 Rockefeller Plaza, New York City, was inter- viewed in the presence of CLIFFORD A. THOMAS, Vice President and Secretary, and ‘LEO R. PORTNEY, Controller, be , | RIEBER advised that all of instant negotiations concerning sale of tankers, SS FEDERAL and REPUBLIC, to Trafalgar Steamship Company were conducted solely by hin, Sy -_ RIEBER advised that as of December 11, 1950, the Barber 011 Corporation controlled the American "Republica Corporation of Houston, Texas, by ownership of thirty --per cent of the stock of American Republics Corporation, rite rt vig eel es Nene ee an i iba WE RIEBER further advised that as of December 11, 1950, the American Republics Corporation controlled the Petroleum Navigation Corporation by ownership of one hundred per cent of its stock, Ho toeche dines antaaiel water kd Woy odie a ated Sater ied y RIEBER stated that as of December 11, 1950, he was Chairman of the Board of Directors of the American Republics _. Corporation, ow el ARMM te eee a) qt te ee | By a telephone call to Houston, Texas, RIEBER determined that as of December ll, 1950; the offieers and directors of the Petroleum Navigation Corporation were as follows: President -— Vacant Vice President and Managor = J, M. COOK : . Secretary - G. L. TOWNSAN . -Treasurer ~ C. tT. CARNES = -_155 -