Study of Reconstruction Finance Corporation, Hearings Before a Subcommittee of ..., 81-2 ..., Texmas Loan, April 13, 22, and 27, 19501949 - 270 pages |
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Page 30
... field in which the RFC has never before been engaged , that it would be desirable to have at least a majority of the full Board pass upon it ? Mr. HISE . No doubt it is desirable , but not necessary . Senator FULBRIGHT . You think it ...
... field in which the RFC has never before been engaged , that it would be desirable to have at least a majority of the full Board pass upon it ? Mr. HISE . No doubt it is desirable , but not necessary . Senator FULBRIGHT . You think it ...
Page 40
... Field in Oklahoma to set up two locations on the Rigney lease as proven locations and a gross reserve of 120,000 barrels has been assigned to these two proven locations . There have also been estimates made for a small number of other ...
... Field in Oklahoma to set up two locations on the Rigney lease as proven locations and a gross reserve of 120,000 barrels has been assigned to these two proven locations . There have also been estimates made for a small number of other ...
Page 47
... field . Another was Ben F. Read , who for many years was vice president of the Mer- cantile National Bank at Dallas , in charge of their oil loans . In that time he accumulated a personal fortune in the oil business and resigned from ...
... field . Another was Ben F. Read , who for many years was vice president of the Mer- cantile National Bank at Dallas , in charge of their oil loans . In that time he accumulated a personal fortune in the oil business and resigned from ...
Page 52
... field - and it is also substantial in amount . Mr. HISE . I think that is correct . I think it is not only a large loan , but I think it is the first loan that the RFC has ever made to the oil industry . Senator FULBRIGHT . I believe ...
... field - and it is also substantial in amount . Mr. HISE . I think that is correct . I think it is not only a large loan , but I think it is the first loan that the RFC has ever made to the oil industry . Senator FULBRIGHT . I believe ...
Page 53
... field and under certain conditions , is always material when you come to consider new loans , is it not ? Mr. HISE . I would take the same general position in connection with this loan that Mr. Dunham takes . I think the oil industry is ...
... field and under certain conditions , is always material when you come to consider new loans , is it not ? Mr. HISE . I would take the same general position in connection with this loan that Mr. Dunham takes . I think the oil industry is ...
Common terms and phrases
accounts payable Agency Manager amount applicant company appraisal approved assets basis believe Board of Directors borrower capital cash cents a barrel CONSIDINE correct cost creditors Dallas debentures Debit decline developed disbursement drilling DUNHAM equipment estimate examiner Fagadau fair market value figures Garrett gas reserves geologist GLIDDEN GUNDERSON hereof HISE income indebtedness Investors Group Keplinger leasehold leases letter liabilities loan value Midway Oils MURRELL National Cooperative Refinery notes payable oil and gas oil business oil reserves operating opinion paragraph participate percent petroleum engineer Petroleum Reserve Corp present production properties prospectus proven question reason recommended Reconstruction Finance Corporation record referred rehabilitation repayment Republic National Bank Republic Steel Corp requested review committee RFC loan RONAN schedule secured Senator DOUGLAS Senator FULBRIGHT September 15 Snowden statement subcommittee Swiss Oil Texas Texmass loan Texmass Petroleum Texmass Petroleum Co tion Total undeveloped reserves voting White
Popular passages
Page 106 - ... of such sound value or so secured as reasonably to assure retirement or repayment, and such loans may be made either directly or in cooperation with banks or other lending institutions through agreements to participate or by the purchase of participations or otherwise.
Page 1 - The report shall also show specifically any program, expenditure, or other financial transaction or undertaking observed in the course of the audit, which, in the opinion of the Comptroller General, has been carried on or made withouth authority of law.
Page 1 - Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at the place or places where accounts of the Corporation are normally kept.
Page 60 - Senate and House of Representatives and to all other public officials concerned with the Forks Site project. Adopted this 19th day of April 1966.
Page 1 - The report shall set forth the scope of the audit and shall include a statement (showing intercorporate relations) of assets and liabilities, capital and surplus or deficit ; a statement of surplus or deficit analysis; a statement of income and expense; a...
Page 12 - At this point I would like to offer for the record a letter...