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PANAMA CANAL FINANCES

HEARINGS

BEFORE THE

SUBCOMMITTEE ON PANAMA CANAL

OF THE

COMMITTEE ON

MERCHANT MARINE AND FISHERIES
HOUSE OF REPRESENTATIVES

NINETY-FOURTH CONGRESS

SECOND SESSION

ON

H.R. 12641

A BILL PROVIDING FOR THE TEMPORARY DEFERMENT OF PAY-
MENT TO THE TREASURY ON THE NET DIRECT INVESTMENT
OF THE GOVERNMENT IN THE PANAMA CANAL COMPANY

Impact of the Isthmian Events on the Operation of the
Panama Canal

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COMMITTEE ON MERCHANT MARINE AND FISHERIES

LEONOR K. (MRS. JOHN B.) SULLIVAN, Missouri, Chairman

THOMAS L. ASHLEY, Ohio

JOHN D. DINGELL, Michigan THOMAS N. DOWNING, Virginia

PHILIP E. RUPPE, Michigan CHARLES A. MOSHER, Ohio

PAUL G. ROGERS, Florida

JOHN M. MURPHY, New York
WALTER B. JONES, North Carolina
ROBERT L. LEGGETT, California
MARIO BIAGGI, New York
GLENN M. ANDERSON, California
E (KIKA) DE LA GARZA, Texas
RALPH M. METCALFE, Illinois
JOHN B. BREAUX, Louisiana
FRED B. ROONEY, Pennsylvania
PAUL S. SARBANES, Maryland
BO GINN, Georgia

GERRY E. STUDDS, Massachusetts
DAVID R. BOWEN, Mississippi

JOSHUA EILBERG, Pennsylvania

RON DE LUGO, Virgin Islands

CARROLL HUBBARD, JR., Kentucky
DON BONKER, Washington

LES AUCOIN, Oregon

NORMAN E. D'AMOURS, New Hampshire

JERRY M. PATTERSON, California

LEO C. ZEFERETTI, New York

JAMES L. OBERSTAR, Minnesota

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DuVal, Miles P., Jr., Captain, U.S. Navy (Retired) ---
Frick, Gordon M., Personnel director, Panama Canal Company.
Gaskin, Edward, business agent, NMU, in Panama__.

395

147

228

Graham, Alfred J., president, Canal Zone Central Labor Union &
Metal Traders Council, AFL-CIO__

Heath, Glenn Richard, control house operator, supervisor, Gatum
Locks, Canal Zone; business manager for local union 677, IBEW
representing the Northern District of the Panama Canal..

Johnson, Eugene A., president of the Congress of Latin American

Civic Councils, Canal Zone__.

361

368

Kane, Donald V., partner in the Washington, D.C., office, Arthur
Andersen & Co...

244

Koczak, Stephen A., director of research, American Federation of
Government employees, AFL-CIO..

366

Kozak, Michael G., attorney-adviser, Office of the Legal Adviser,
Department of State--

412

Kujawa, Leonard J., partner in Arthur Andersen & Co., certified
public accountants__

244

Lewis, Elwin E., national vice president, American Federation of
Government Employees, AFL-CIO__

366

McElligott, Paul G., attorney for Sea-Land Service, Inc..

297

McElyea, Stewart D., director Field Operations Division, U.S. General
Accounting Office, Washington, D.C---

523

Statement of-Continued

O'Leary, John J., chairman, on behalf of the Nassau County Com-
mittee of the New York State Conservative Party-

Page.

542

Tice, Kenneth N., pricing manager, Domestic Central American
Services, Sea-Land Service, Inc..

Tolan, David J., executive vice president and general manager,
Caribbean/Latin American/Domestic Division, Sea-Land Service,
Inc____

Veysey, Victor, V., Assistant Secretary of the Army (Civil Works).

Prepared statement...

297

297

Zito, Nicholas J., director of regulatory accounting, Sea-Land Service,
Inc.

297

Additional material supplied by-

AIMS:

Court case: Panama Canal Company v. Grace Line, et al.
Number of transits by U.S.-flag ships...

286

292

Report to the_Congress-Examination of the financial state-
ments of the Panama Canal Company and Canal Zone Govern-
ment for fiscal year 1973___

80

An extract from the political declaration of the Lima Non-Aligned
Conference..

517

¿Cuales Son Las Reglas Del Juego?---

472

Chapter XXII from The Fourth Floor: "What Does It All
Mean?"

513

found on the following pages.

Additional material supplied by-Continued
Drummond, William R. (Con.):

Hechos que nos preocupan__

Information paper--

Letters submitted for the record by Mr. Drummond may be

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Steers, Philip L., Jr.:

Excerpts from General Accounting Office report to the Congress__
Sullivan, Hon. Leonor K.:

163

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