Page:United States Statutes at Large Volume 41 Part 1.djvu/1013

 992 SIXTY-SIXTH CONGRESS. Sess. II. Ch. 250. 1920. m§°s*;*j;*;*cg“°¤°‘P'°* That where steamship lines and regular service have been established ` and are being maintained by ships of the board at the time of the enactment of this Act, such lines and service shall be maintained by the board nmtil, in the opinion of the board, the maintenance thereof is imbusinesslike and against the public interests: And provided m_,§{§w{'gf, ,,§g’§§"§g further, That whenever the board shall determine, as provide in this less than wer, if citi- Act, that trade conditions warrant the establishment of a service or €`é°r$£Z?°P°ming me additional service under Government administration where a ser-vice is alread being given by persons, citizens of the United States, the rates and`, char es for such Government service shall not be less than the cost thereoi including a proper interest and depreciation charge on the value of Government vasse s and equipment employed therein. lgyiwyizatgw I xii- Sec. 8. That it shall be the duty of the board, in cooperation with igztercogi-maid; Eiiihié the Secretary of War, with the object of promoting, encouraging, mid P°@g’g‘”$§{‘“°$,;e;§§; developing ports and transportation facilities in connection with nam. ’ water commerce over which it has ]urisdiction, to mvestigate territorial re `ons and zones tributary to such ports, taking into consideration tgie economies of transportation by rail, water and highway and the natural direction of the How of commerce; to investigate the causes of the congestion of commerce at ports and the remedies apyilicable thereto; to investigate the subject of water terminals, inc udingl the necessary docks, warehouses, apparatus, equipment, and app `ances in connection therewith, with a view to devising and suggesting the types most appropriate for different locations and for the most expeditious and economical transfer or interchange of passengers or property between carriers by water and carriers by rail; to advise with communities regarding the appropriate location and plan of construction of wharves, piers, and water terminals; to investigate the practicability and advantages of harbor, river, and port improvements in connection with foreign and coastwise trade; and to investigate any other matter that may tend to promote and eucour e the use by vessels of ports adequate to care for the Patna. freight whigg would naturally pass through such {ports: Provided, m_§;;{{g“;,_=§ °fn{,$;f’g§ff; That if after such investigation the board shall be o the opinion that Eprgcligbmiiggignm; rates, charges, rules, or regulations of common carriers by rail subject cbiuiassxouiaracmm; to the |]ur1sd1ction of the nterstate Commerce Commission are detrimenta to the declared object of this section, or that new rates, charges, rules, or regulations, new or additional port terminal facilities, or affirmative action on the part of such common carricrs by rail is necessary to promote the objects of this section the board ma submit its findings to the Interstate Commerce Commission for such action as such commission may consider proper under existing law. nhisggggppgclgeggiiicgi Sec. 9. That if the terms and conditions of any sale of a vessel iii-re~d painless. made under the provisions of this Act include deferred payments of the purchase price, the board shall require, as part of such terms and conditions, that the purchaser of the vessel shall keep the same Fir<·,r¤¤ri¤¤.et¤- insured (a) against loss or damage by tire, and against marine risks and disasters, and war and other risks if the board so specifies, with such insurance companies, associations or underwriters, and under such forms of policies, and to such an amount, as the board mav prermganea and is- scribe or approve; and (b) by protection and indemnity insiirance °"‘¤m‘Y· nith such insurance companies, associations, or underwriters and under such forms of policies, and to such an amount as the board may prescribe or approve. The insurance required to be carried under this section shall be made payable to the board and/or to the parties as interest may appear. The board is authorized to enter ramen: of pam- into any agreement that it deems wise in respect to the payment “mS· and/or the guarantee of premiums of insurance. mr¤;m¤·.¤.·e fund su- Snot 10. hat the board may create out of net revenue from ,,,,§Q’°§?,,,Q§,’;_°;,‘{§§,@; operations and sales, and maintain and administer, a separate m- ea. surance fund, which it may use to insure in whole or in part,