Maintenance and Operation of the Panama Canal. Hearing ... on H. R. 8677Considers legislation to establish the Panama Canal Co. and Canal Zone Government to oversee Panama Canal. |
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Page 6
... increase is required . No formula is established by the 1937 act to guide the President in ad- justing the toll rates . H. R. 8677 provides that the Panama Canal Company shall 6 MAINTENANCE AND OPERATION OF THE PANAMA CANAL.
... increase is required . No formula is established by the 1937 act to guide the President in ad- justing the toll rates . H. R. 8677 provides that the Panama Canal Company shall 6 MAINTENANCE AND OPERATION OF THE PANAMA CANAL.
Page 7
... increased to at least $ 1.40 a ton . Several basic changes are made in this formula by H. R. 8677 , con- sidered in connection with Public Law 808 , which was the charter of the Panama Railroad Company . This act is primarily an amend ...
... increased to at least $ 1.40 a ton . Several basic changes are made in this formula by H. R. 8677 , con- sidered in connection with Public Law 808 , which was the charter of the Panama Railroad Company . This act is primarily an amend ...
Page 14
... increase its revenues to the maximum by raising tolls to the limit traffic would bear . United States com- merce , of course , would pay two - thirds of the additional cost . But it is perfectly apparent that the Panama Canal is not ...
... increase its revenues to the maximum by raising tolls to the limit traffic would bear . United States com- merce , of course , would pay two - thirds of the additional cost . But it is perfectly apparent that the Panama Canal is not ...
Page 15
... increase in Canal tolls at this time would be a most serious burden to that trade , which is facing enough difficulties in surviving as it is . Under the tolls formula proposed in H. R. 8677 as it stands , an increase of 30 cents or ...
... increase in Canal tolls at this time would be a most serious burden to that trade , which is facing enough difficulties in surviving as it is . Under the tolls formula proposed in H. R. 8677 as it stands , an increase of 30 cents or ...
Page 16
... increase in the Canal tolls would make it difficult for them . We think it is an important enough factor to justify having Congress take another look at this formula if it should result in tolls above $ 1 . For instance , the language ...
... increase in the Canal tolls would make it difficult for them . We think it is an important enough factor to justify having Congress take another look at this formula if it should result in tolls above $ 1 . For instance , the language ...
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Common terms and phrases
Act of June allocated to national amended to read American shipping amount annually appropriation approximately Army August 24 BALL basis bill Budget Bureau BURDICK business operations Canal accounts Canal authorities Canal Zone Code Canal Zone Government capital cost capital investment civil government commercial shipping commercial vessels committee Congress corporation cost of civil cost of operation equitable toll Federal Government vessels Governor HAROLD SEIDMAN HARRY FLOOD BYRD House Resolution 44 include interest intercoastal interest charged interest during construction January 31 June 29 KIEL CANALS LARKIN maintaining and operating ment national defense November 18 operating the Panama Panama Canal Company Panama Canal tolls Panama Railroad Company pay tolls percent President rate of tolls rate or rates read as follows recommendations reimburse the Treasury sanitation section 246 SEIDMAN self-sustaining Senator BYRD statement subcommittee Suez Canal term the Panama tion toll policy toll rates transit tolls transiting the Canal United waterway
Popular passages
Page 25 - Mr. BAILEY. My name is Frazer A. Bailey. I am president of the National Federation of American Shipping, Inc., representing a majority of all deep-water American-flag shipping.