◆ SpookStack

. a 46-2507, | oe a ee ee 3 oe, .. Schedule A reflects ‘that , according tio the’ ra Bae eae ange . a bras, Victory had a credit balance of $677,142.18 at 88¥.; Sig Be ae ‘ax of December 31, 1950, after the £750,000.00 had been” Peer er oe e - forwarded on Décember 29, 1950, by SSY to Victory. ; aE Bias waa Kea pers — tate MERE ee 7 ne : When the amount of 8750, 000.00 was “peturned ‘by Victory - i to SSY on Jenuary 2, 1951, Victory debited the SSY account’... >-._ me receivable and credited cash. Although this transaction reduced o ro ae the Victory cash position by $750,000.00 it hed no effect on. Sep the Victory working capitel since’ the decrease in the current. asset cash was offset oy | the increase in .the current asset - accounts receivables) 0000S Ne nto te RE Sea ates There is ‘get forth below ¢ a “schedule “showing the: a opening and closing cash tdance of Victory for December 38," we 1320 December 29, 1950s December 30, (19505 and Decémber 3, oR OPENING = = sO “be ue SAIS" CLosine DATE BALANCE. “DEPOSITS ° - WITHDRAWALS _._ BALANGE 12/28/50 -§ 529 192.15 $ 1,604.00 § 3,198.00... een 12/29/50 7598.15 906,162.46 © 31h80:00 ss 1, hey, 360 13/50/50 atthe Adjustment 730° UsBlts 360 _ The above deposit in ‘amount of $506, 162.46 ‘neds. on _ : December 29, 1950, consists of the $750,000.00 received from S5y plus an emount of $156,162.46 in charter hire received from . ten “Transatlentica. wee Did tgs a gaat Bees) re REAL cece, - _ a eee 7” a ae . ae ~ 74 ge o — As ‘set forth on page a7 of) New York report dated = we May 10, 1952, BECKER advised SA(a) and the writer that the purpose of the $750,000.00 depos on December 29, “2... 1950, was to enable Victory in improve wits eash position as of December 31, 1950, | to quelify for r maritine mortgage aid.” gs show above, there were » no deposits: "or Withdrawals.” subsequent to December 29, 31950. The genus. entry. in the Victory ~ cash account subsequent to December 29, was @1 ad justesnt . of $.30 reducing the the cash balance from $1.6 360.61 $9 2 AE eS . as oe bates Nis A, ; . . mas ye hee ig? : exemsnawen FS mee. Vietory rec ee onde ge ache ” Aetone. was "not indebted to to Vietorye 2.7 co we Re ES . vi DM e asi gue eo LE, San a 4 ‘ ae oe nha gis rons Pe San te ae ee m SEE Sacha wae gg Ei, Le Term eee nie nag p ROE Ai at gmt ee oe me: are “ss a Fe ae . a - as w Ee Hecate are et pets. “Eee er es sobes LURE Bee ehees: deine Aig Sey Teannigh ave a yeRER a weet eo sc : ; : oy A. $at A ¢ Pel Bek ee car ; 2 aE Deesher ie te, aE SNES =, ee Auseetars ry