Page:United States Statutes at Large Volume 45 Part 1.djvu/637

 586 Shipping fund. Merchant Fleet Cor- poration expenses pay- able from. Vol.44,p. 1451. Vol.41,p. 988. Sourc es of. Post, p. 690. Provisos. Paym ent of clai ms limited. Liqu idation ex- penses. No pay men t of claims. Earned interest in- cluded in fund. Un expe nded bala nce fo r cla ims conti nued. Vol.42,p. 647. Operation of ships take n hack from pur- chasers. Re appr opria tion of balance. Vol . 44, p. 313 . Proviso. Ap prov al of Pre si- dent required. Attorneys subject to app rova l of Atto rney General. Pay restriction. Rent restriction in the District. "M ount Ve rn on" and Monticello," ste amsh ips . Reconditioning of, di- rected . SEVENTIETH CONGRESS . SEss . I. CH. 580. 1928. UNITED STATES SH IPPI NG BOAR D SH IPPI NG FUND For expenses of the United States Shipping Board Merchant Fleet Corporation during the fiscal year ending June 30, 1929, for admin- istrative purposes, miscellaneous adjustments, losses due to the main- tenance and operation of ships, for the repair of ships, and for carrying out the provisions of the Merchant Marine Act, 1920, (a) the amount on hand July 1, 1928, but not in excess of the sums suffi- ci ent to co ver all o bligation s incurre d prior to July 1, 1928, a nd then unpaid ; (b) $13,400,000, of which $1,000,000, or so much thereof as may be necessary, may be used for reconditioning and operat- ing ships for carrying coal to foreign ports ; (c) the amount received during the fiscal year ending June 30, 1929, from the opera- tion of ships : Provided, That no part of these sums shall be used for th e paym ent of claim s othe r than those result ing fr om cur rent o pera- tion and maintenance ; (d) so much of the total proceeds of all sales pe rtaining to liquid ation rec eived dur ing the fiscal ye ar 1929, but not exceeding $2,225,000, as is necessary to meet the expenses of liquida- tion, including also the cost of the tie-up and the salaries and expenses of the personnel directly engaged in liquidation : Provided, That no part of this sum shall be used for the payment of claims ; (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. That portio n of t he spe cial c laims appropr iation, cont ained in the Ind epende nt Off ices A ppropr iation Act f or the fiscal year 1923, com- mitted prior to July 1, 1923, and remaining unexpended on June 30, 1928, shall continue available until June 30, 1929, for the same pur- poses and under the same conditions. To enable the United States Shipping Board Merchant Fleet Cor- poration to operate ships or lines of ships which have been or may be taken back from purchasers by reason of competition or other methods employed by foreign ship owners or operators, there is hereby reappropriated the unexpended balance of the appropriation of $10,000,000 made for similar purposes in the Independent Offices Appropriation Act for the fiscal year 1927 : Provided, That no expenditure shall be made for the purposes of this paragraph from this sum without the prior approval of the President of the United States. No part of the sums appropriated in this Act shall be used to pay th e comp ensati on of any at torney, regu lar or specia l, for the U nited States Shipping Board or the United States Shipping Board Mer- chant Fleet Corporation unless the contract of employment has been approved by the Attorney General of the United States. 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 $10,000 except the following : One at not to exceed $18,000, three at not to exceed $15,000 each, and one at not to exceed $12,000. No part of the funds of the United States Shipping Board Mer- chant Fleet Corporation shall be available for the rent of buildings in the District of Columbia during the fiscal year 1929 if suitable space is provid ed for said corpor ation by the Public Build ings C ommiss ion. For the recond itioning of the stea mships Mount Vernon and Monticello at a total cost not in excess of $12,000,000, not to exceed $10,000,000 is made available from the Construction Loan Fund and shall be reimbursed to such fund with interest at such rate and within such period as the board may determine, but not exceeding ten years

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