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Le at ke omni ally, | th ae s - igh = Loe . ok . . aE et a apeertemteen a ete il adr aaae ee Col ae ae ere dt in act . -—* “ - - ak, 7 > Wy; “62507 ea of . tad So sgents “ugh BE e rad sas RES _ oot T -) oa, thet ag of _ Paste s + haing et ae aden, Hat by ed Fast > RE FP re ew ae Bal : vt sage ealery 7 t ‘payments against the purchase by Victory of Pacific Tankers... a , zd stock from USPC. Further information concerning this matter: Sect EE” will be set forth subsequently in this report. Cots te eg fe ee TEND S hes et t Pues eer ee 7 + $100,000.00 of the $200,000.00 payment made February, a Fo go, 1952 was for the purpose of paying the final installment on the - ay” opurehase of Pacific Tankers atock. The balance of the $2009 0002005 ' i Pacific Tankers rites eg atieriie ae The Victory records reflect that the , $226,000. 00 pala. to Pacific Tankers on February 20, 1951 was for the purpose of repaying a Pacific Tankers advance in like amount made to Naoto ry. on } January ll, 1951. ; aa together with the $150,000.00 payment of March 6, 1952, was de~ Beg ot bited to Account Number ted - Holding, Subsidiary, Affiliated —= ni. ih, r Me ogee yf i ave 2 EERO Pats RRS HP oem are hit iao 3 . ’ ¥ 4 d oe a hd : a n ‘ . t we + ~ 3 vas a Wine amavnt af §) en an mata zy wa £4017 GUA We ws Ta J wgvuveveu rw Te eae Tenkers was an advance by Victory that wan, Sblted Pdi “to. 2.7 d&ecount Number 015. As set forth previously, Pacific Teok ere... - pe repaid this amount to Victory on March Fe 1952. ei ke, 2 CaS EB, is th @ te lt s oe A, 1 a ¥ a f i. . Oeeante Transport Te vo Os ee ne es co The Victory ‘records ‘reflect that the ‘i009, 000,00 pata - an by Victory to Oceanic Transport on February 20, 1951 was for the pte ee purpose of repaying | an Oceante advance made to Vietory en Jemary ~ ae ete ee 1l, "1951. : , - See ee ve 5 , . ORAL, ao voshe — pees Temeatienticn charter Hire - ea fe. Me - Item 6 requests that it be determined whether the charter Fa ey hire on the seven victory ships was to be remitted by Transatlantica --.-%+" go Victory or whether charter eamings of these ships would be: _ "..-' "" gommitted to the repayment of eny bank loans, It was also requested os 3.> “that it be determined whether the payments were made direct to =”. en eCtOrY OF Bome Danke | rye el kN A Te BE es 5 oe “Rage, rey examination of the Victory records Peflected iy igok! Serepigflentica to Victory, The records failed to disclose Writ @gnarter hire on the seven Victory ships wes promptly renitt Ey - >. whose ‘charter earnings were committed to the repayment of eee ht ne ae ee aid at pan 5 -De