Page:United States Statutes at Large Volume 62 Part 1.djvu/1223

 62 STAT.] 80TH CONG., 2D SESS.-CH. 773-JUNE 30, 1948 operations: Provided, That no funds shall be used to pay compensa- tion of employees normally subject to the Classification Act of 1923, as amended, at rates in excess of rates fixed for similar services under the provisions of the Classification Act, as amended, nor to pay the compensation of vessel employees and such terminal and other em- ployees as are not covered by the Classification Act, at rates in excess of rates prevailing in the river transportation industry in the area: Provided further, That the Corporation is authorized to pay not to exceed $1,482.90 for services actually rendered by former employees during the fiscal year 1947 and for which there is no present authority to pay, as follows: L. Brown, $120.06; W. Finch, $140.11; J. Johnson, $116.16; S. Jones, $86.31; R. Neely, $148.71; G. Sanders, $103.19; N. L. Sanders, $123.82; G. Walker, $130.78; W. Winfield, $183.37; W. Scruggs, $153.60; E. Donley, $102.68; H. Thomas, $74.11. DEPARTMENT OF THE INTERIOR VIRGIN ISLANDS COMPANY Section 304 (b) of the Government Corporation Control Act, as amended (Public Law 248, approved December 6, 1945), shall not be applicable with respect to the Virgin Islands Company until after June 30, 1949. The Virgin Islands Company is authorized to borrow from the Treasury of the United States not to exceed $500,000, for which pur- pose there is hereby appropriated out of any money in the Treasury not otherwise appropriated $500,000. The Secretary of the Treasury is authorized to make such loans to the Company for repayment not later than one year after the making thereof, at rates of interest determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the making of any such loan to the Company. Not to exceed $97,880 of the funds available to the Company shall be available for administrative expenses (to be computed on an accrual basis), including salaries of officers, Washington office personnel, and the accounting, purchasing, and pay-roll departments; clerical serv- ices; traveling, automobile, office, and sundries expenses; stationery and office supplies; telephone and telegraph; postage; dues and sub- scriptions; repairs and maintenance of office buildings and equipment; employees' welfare; and public relations: Provided, That such total sum shall be inclusive of the gross amounts of the foregoing cate- gories of expenses before apportionment of any part thereof to manufacturing or other expenses: Providedfurther, That such admin- istrative expenses shall be exclusive of salaries of the engineering and shipping departments, storekeepers, and plant clerical personnel; interest expenses; bank service charges; audit fees; and depreciation. DEPARTMENT OF JUSTICE Federal Prison Industries, Incorporated: Not to exceed $302,000, of which $35,000 shall be available only for liquidation of obligations in- curred in the fiscal year 1948 (to be computed on an accrualbasis), of the funds of the Corporation shall be available during the fiscal year 1949 for its administrative expenses, which shall be determined in accordance with the Corporation's prescribed accounting system in effect on July 1, 1946, and shall be exclusive of depreciation, voca- tional training expenses, payment of claims, expenditures which the said accounting system requires to be capitalized or charged to cost 1193 42 Stat. 1488 . 6U. S .C. § 661-674. Payment to certain former employees. 59 Stat. 602 . 31U. S.C. 1869(b). Loans. Ante, p. 1170. Administrative ox. Iplses. Administrative ex- penses.

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