Page:United States Statutes at Large Volume 45 Part 1.djvu/1295

 1244 SEVENTIETH CONGRESS. SESS. II. CH .270. 1929 . Shipping fund . UNI TED STA TES SHIP PING BO ARD SHIP PIN G FU ND Merchant Fleet cor- poration expenses pay- For expenses of the United States Shipping Board Merchant Fleet able from . Cor pora tion dur ing the fisc al y ear endi ng J une 30, 1930, for adm inis - trative purposes, miscellaneous adjustments, losses due to the mainte- nance and operation of ships, for the repair of ships, for the pur- chase, exchange, maintenance, repair, and operation of motor vehicles for official purposes only ; for the payment of premiums for liability, fire, theft, property damage and collision insurance and for other forms of insurance, including schedule and fidelity bonds, commonly carried by commercial corporations engaged in the same or a similar Sources of. business, and for carrying out the provisions of the Merchant On hand July 1, 1929. Marine Act, 1920, and amendments thereto, (a) the amount on hand July 1, 1929, not to exceed $50,000,000, including such sums as the Shipping Board may have reserved or committed from the fiscal For employees. year 1927 for the reconditioning of vessels ; (b) $11,134,250, inc lud- ing the salaries of employees of the Fleet Corporation assigned to Operating ships for the Shipping BoaBoard, of which may be used for recondition- carrying coal to foreign f $1,500,000 ports. ing and oper atin g sh ips for carr ying coa l to for eign por ts, toge ther Balance available. with the unexpended balance of the $1,000,000 authorized for this Ante, p. 586, purpose for the fiscal year 1929, and $500,000 shall be available only for research and experimental development in ship and machinery From sales other than ships. des ig n, construction, and operation ;; (c all amounts received during t, the fiscal year ending June 30, 19 30 , other than the proceeds of sales etc From sales of ships, of ships and surplus property ; (d) so much of the total proceeds Liquidation ex- of sales of ships and surplus property received during the fiscal pense s. year 1930, but not exceeding $2,100,000, as is necessary to meet the expenses of liquidation, including the cost of maintaining the laid-up fleet and the salaries and expenses of the personnel engaged in Claimss payable part of these sums, (a), b ~ O, O, (c) claims not liquidation : Provided That no and therefrom . Earned interest . (d) shall be used for the payment of claims arising out of the con- b struction and requisitioning of vessels ; (e) all interest earned on the funds, excepting the construction loan fund, of the United States Shipping Board Merchant Fleet Corporation is to accrue to these funds and is made available for the purposes hereinbefore set forth subject to the limitations herein established. for Un ex pen ded claims apa bsl an- That portion of the special claims appropriation, contained in clai ms co n- tinned42 p , the Independent Offices Appropriation Act for the fiscal year 19 23, committed prior to July 1, 1923, and remaining unexpended on June 30, 1929, shall continue available until June 30, 1930, for the same purposes and under the same conditions. Operation of ships taken back from pu r- To enable the United States Shipping Board Merchant Fleet chasers. Corporation to operate ships or lines of ships which have been or may be taken back from purchasers by reason of competition or Reappropriation of other methods employed by foreign ship owners or operators, there balance. is hereby reappropriated the unexpended balance of the appropria- Vol. 44, p. 318. tion of $10,000,000 made for similar purposes in the Independent President 's approval Offices Appropriation Act for the fiscal year 1927 : Provided, That required. no expenditure shall be made for the purposes of this paragraph from this sum without the prior approval of the President of the Attorneys subject to United States. appr oval of A ttor ney No part of the sums appropriated in this Act shall be used to Ge ner al' pay the compensation of any attorney, regular or special, for the United States Shipping Board or the United States Shipping Board Me rcha nt F leet Cor pora tion unl ess the cont ract of empl oyme nt h as been approved by the Attorney General of the United States. Pay restriction. No officer or employee of the United States Shipping Board or the United States Shipping Board Merchant Fleet Corporation shall be paid a salary or compensation at a rate per annum in excess of

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