Page:United States Statutes at Large Volume 69.djvu/278

 PUBLIC LAW 121-JUNE 30, 1955

236

60 Stat. 810. Transfers of fac u l t i e s, etc.

Travel ances.

allow-

Governor. G r a d e upon retirement.

[69 STATy

the number of Panamanian citizens employed in the above-mentioned positions exceed the number of citizens of the United States so employed, if United States citizens are available in continental United States or on the Canal Zone; (3) that nothing in this Act shall prohibit the continued employment of any person who shall have rendered fifteen or more years of faithful and honorable service on the Canal Zone; (4) that in the selection of personnel for skilled, technical, administrative, clerical, supervisory, or executive positions, the controlling factors in filling these positions shall be efficiency, experience, training, and education; (5) that all citizens of Panama and the United States rendering skilled, technical, clerical, administrative, executive, or supervisory service on the Canal Zone under the terms of this Act (a) shall normally be employed not more than forty hours per week, (b) may receive as compensation equal rates of pay based upon rates paid for similar employment in continental United States plus 25 per centum; (6) this entire section shall apply only to persons employed in skilled, technical, clerical, administrative, executive, or supervisory positions on the Canal Zone directly or indirectly by any branch of the United States Government or by any corporation or company whose stock is owned wholly or in part by the United States Government: Provided further, That the President may suspend from time to time in whole or in part compliance with this section if he should deem such course to be in the public interest. SEC. 203. The Governor of the Canal Zone is authorized to employ services as authorized by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), in an amount not exceeding $15,000: Provided, That the rates for individuals shall not exceed $100 per diem. SEC. 204. There are hereafter authorized to be transferred between departments and agencies, with or without exchange of funds, all or so much of the facilities, buildings, structures, improvements, stock and equipment, of their activities located in the Canal Zone, as may be mutually agreed upon by the agencies involved and approved by the Director of the Bureau of the Budget, in the interest of elimination of duplicate activities and related facilities: Provided, That with respect to such transfers without exchanoje of funds (1) transfers to or from the Panama Canal Company shall be subject to the provisions of section 246 of title 2 of the Canal Zone Code, as added by the Act of June 29, 1948 (ch. 706, sec. 2, 62 Stat. 1076); and (2) transfers to or from the Canal Zone Government shall be at such appropriate amount as shall be agreed upon between the Canal Zone Government and the agencies concerned and approved by the Director of the l^ureau of the Budget, and in the determination thereof due consideration shall be given to the cost of the transferred assets, or usable value to the transferee if clearly less than cost, and adequate provision made for depreciation of properties and equipment, obsolete or otherwise unusable inventories, and other reasonably determinable shrinkages in values; and such amount shall be added to or deducted from the investment of the United States in the Canal Zone (xovernment as applicable. SEC. 205. The Governor of the Canal Zone and the President of the Panama Canal Company, in computing allowances for the cost of travel on home leave for persons who elect at their expense to take other than the lowest first-class travel to the United States, shall take into account as the cost to the United States the actual cost, as computed by the General Accounting Office, of travel by United States owned and operated vessels rather than a reduced fare rate which is available for such employees when traveling on their own account. SEC. 206. Notwithstanding the provisions of any other law, the Officer of the Army now serving as Governor of the Canal Zone shall, effective upon the day preceding his retirement, be considered to hold

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