◆ SpookStack

emt ~~ not ayy. mire an ee, " NT tae beak ' rr as Vy. bea et eee pee ai. at NY 46-2507 , i. BERENSON ndvised that ho and ONASSIS negotiatod tho original financing of the three tankors allocated to samorican Merince Corporation with the Chase Nations. Bank, end riso nogotiated the subsoquent ro- financing of these vossols with tho Metropolitan Life Insurance Company. BEREUSON stcted he had no rocollection of “the attempt to substitute sub-cherters from Petroleum Carricrs of Panama instead of direct bareboat chartors to USrc from the ebove-mentioncd throe vesselss BERENSON stcted thet /morican Marino Corporation ond USiC were merged on March 3, 1949 in tho interosts of oconomy ond cfficiency. He steted there was no point in having .<imerican Merino Corporation function | as a soparate corporntion.e BERENSON cdvisod thot it is his recollcection thot the lew firm of Goodwin, Rosenbaum and Meacham incorporated Victory Carricrs, Ince ’ BERENiLON wos qucstioncd concerning the Proforme Balance sheot of Victory Carriors, Inc. that was cttached to the epplicetion filed by Victory Carriors, Inc. on Fobrunry 26, 1949 to purchese vosscls from tho United States Maritime Commission. «ccording to tho Proforma Balance sheet, it was stated thet es of the date of signing contract, Victory Varricrs, Inc. would have assets consisting of cesh in cmount of $5,569,062 and capital stock end capital surplus in amount of #51 569,002, The application wos signod by BERENSON. BERENSON ecdvisod that he had no , recolloction of tho Froforma Balunco Shoot. Ho addod that if this , statemont had boon medo by Victory Carriors, it was eortoinly their intention to hrve tho cbhovo-mentioned cash position and not worth on the dtc tho contract wos signod if such finenctal position was necossary to acquire tho vosscls. - . .