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Page 26
... ships after their national service is ended ; 3. Provide for resale to former owner of a ship which at the time of acquisition was subject to a Government mortgage , upon the same terms and conditions contained in such mortgage and ...
... ships after their national service is ended ; 3. Provide for resale to former owner of a ship which at the time of acquisition was subject to a Government mortgage , upon the same terms and conditions contained in such mortgage and ...
Page 27
... ships are the most modern in our merchant marine . They include in- novations designed to enhance efficient and ... Ship Sales Act do not have this impediment . It has been estimated that as between otherwise comparable vessels the ...
... ships are the most modern in our merchant marine . They include in- novations designed to enhance efficient and ... Ship Sales Act do not have this impediment . It has been estimated that as between otherwise comparable vessels the ...
Page 28
... ship . The Vessel Exchange Act of July 5 , 1960 , Public Law 86-575 , when originally introduced , had the same basic ... ships after their national use is completed , this legislation is proposed to correct this deficiency . The bill ...
... ship . The Vessel Exchange Act of July 5 , 1960 , Public Law 86-575 , when originally introduced , had the same basic ... ships after their national use is completed , this legislation is proposed to correct this deficiency . The bill ...
Page 29
... ship to owner ( after payment of construction - differential subsidy to a domestic shipyard ) . Depreciation ( in this example taken at $ 200,000 per year ) : Taken by United States after 5 years in commercial service , 5 years at ...
... ship to owner ( after payment of construction - differential subsidy to a domestic shipyard ) . Depreciation ( in this example taken at $ 200,000 per year ) : Taken by United States after 5 years in commercial service , 5 years at ...
Page 30
... ship . The fourth provision : If while in the possession of the Govern- ment vessels are lost or otherwise rendered unsuitable for return to commercial service , the bill gives the former owners a preference in ac- quiring similar ships ...
... ship . The fourth provision : If while in the possession of the Govern- ment vessels are lost or otherwise rendered unsuitable for return to commercial service , the bill gives the former owners a preference in ac- quiring similar ships ...
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Common terms and phrases
Admiral FORD allocation amended American American Export Lines automobiles BEARDSLEY bill BOURBON California Chairman coastwise trade commodities common carrier companies competition Congress construction Corp cost deadweight tonnage enactment export declarations Federal flag flatcar fleet foreign foreign-flag FORGASH freight Government GRINSTEIN haul hearing industry Interstate Commerce Act Interstate Commerce Commission legislation Lines MAGNUSON Maritime Administration ment Merchant Marine Act million modes of transportation MORGAN motor carriers notarial oath operators out-of-pocket costs owner percent piggyback president proposed question railroads ratemaking record reduced registry RENTZEL reserve fund revenue Secretary of Commerce section 15a Senator BARTLETT Senator BUTLER Senator ENGLE Senator LAUSCHE Senator MCGEE Senator MONRONEY Senator PASTORE Senator SCHOEPPEL Senator SCOTT shippers ships shipyards STAKEM Standard Oil Standard Oil Co statement subsidy tankers tion tonnage tons trade-in traffic trailers trilevel truck U.S. Senate United WARREN G Washington ZAGRI
Popular passages
Page 321 - ... the Commission shall not permit the establishment of any charge to or from the more distant point that is not reasonably compensatory for the service performed...
Page 93 - As Congress enacted separately stated ratemaking rules for each transport agency, it obviously intended that the rates of each such agency should be determined by us in each case according to the facts and circumstances attending the movement of the traffic by that agency. In other words, there appears no warrant for believing that rail rates, for example, should be held up to a particular level to preserve a motor-rate structure, or vice versa.
Page 613 - Act, the Commission, in determining whether a rate is lower than a reasonable minimum rate, shall consider the facts and circumstances attending the movement of the traffic by the carrier or carriers to which the rate is applicable. Rates of a carrier shall not be held up to a particular level to protect the traffic of any other mode of transportation, giving due consideration to the objectives of the National Transportation Policy declared in this Act.
Page 301 - In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic by the carrier or carriers for which the rates are prescribed...
Page 301 - Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic by the carrier or carriers for which the rates are prescribed; to the need, in the public interest, of adequate and efficient railway transportation service at the lowest cost consistent with the furnishing of such service ; and to the need of revenues sufficient to enable the carriers, under honest, economical, and efficient management to provide such service.
Page 321 - What constitutes a minimum reasonable rate is a matter to be determined in the light of the facts of record in each individual case, avoiding arbitrary action and keeping within statutory and constitutional limitations, just as in the case of maximum reasonable rates. Whether a rate is below a reasonable minimum depends on whether it yields a proper return ; whether the carrier would be better off from a net...
Page 301 - ... the Commission shall give due consideration, among other factors, to the inherent advantages of transportation by such carriers to the effect of rates upon the movement of traffic by such carriers; to the need, in the public interest, of adequate and efficient transportation service by such carriers at the lowest cost consistent with the furnishing of such service; and to the need of revenues sufficient to enable such carriers, under honest, economical, and efficient management, to provide such...
Page 5 - Co., and others of less notoriety, but of great influence — to lower prices of their commodities, oftentimes below the cost of production in certain communities and sections where they had competition, with the intent to destroy and make unprofitable the business of their competitors, and with the ultimate purpose in view of thereby acquiring a monopoly in the particular locality or section in which the discriminating price is made.
Page 553 - Act, so administered as to recognize and preserve the Inherent advantages of each; to promote safe, adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers ; to encourage the establishment and maintenance of reasonable charges for transportation services, without unjust discriminations, undue preferences or advantages, or unfair or destructive competitive practices...
Page 187 - ... arbitrary action and keeping within statutory and constitutional limitations, just as in the case of maximum reasonable rates. Whether a rate is below a reasonable minimum depends on whether it yields a proper return ; whether the carrier would be better off from a net revenue standpoint with it than without it; whether it represents competition that is unduly destructive to a reasonable rate structure and the carriers; and whether it otherwise conforms to the national transportation policy and...