Study of Reconstruction Finance Corporation: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-first Congress, Second Session, on a Study of the Operations of the Reconstruction Finance Corporation Pursuant to S. Res. 219, Eighty-first Congress. Texmass Loan, April 13, 22 and 27, 1950, Volumes 22-23 |
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Page 4
... collateral and to advise the Corporation on its worth . This geologist has rendered a report in which he estimates that there are oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may be expected ...
... collateral and to advise the Corporation on its worth . This geologist has rendered a report in which he estimates that there are oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may be expected ...
Page 7
... collateral tendered , is not , in my opinion , of sufficient amount to reasonably secure the loan requested , or for a loan of an amount which would meet the applicant's requirements . ' It appears that notwithstanding this ...
... collateral tendered , is not , in my opinion , of sufficient amount to reasonably secure the loan requested , or for a loan of an amount which would meet the applicant's requirements . ' It appears that notwithstanding this ...
Page 23
... collateral to the loan ? Mr. GLIDDEN . The only question remaining now is the detremina- tion that the pledgee has the legal title to the property that they have offered us as collateral , and our attorneys are working on that day and ...
... collateral to the loan ? Mr. GLIDDEN . The only question remaining now is the detremina- tion that the pledgee has the legal title to the property that they have offered us as collateral , and our attorneys are working on that day and ...
Page 24
... collateral ? Mr. GLIDDEN . Yes , sir . Senator FULBRIGHT . Mr. Hise , assuming that all conditions are not met and that the collateral is not brought together according to your regulations and requirements , would the commitment then ...
... collateral ? Mr. GLIDDEN . Yes , sir . Senator FULBRIGHT . Mr. Hise , assuming that all conditions are not met and that the collateral is not brought together according to your regulations and requirements , would the commitment then ...
Page 26
... collateral ; is that true ? Mr. GLIDDEN . Yes ; it is . Senator FULBRIGHT . What is that ? Mr. GLIDDEN . That is correct . Senator FULBRIGHT . What was the nature of that request and did the RFC agree to it ? Mr. GLIDDEN . One of them ...
... collateral ; is that true ? Mr. GLIDDEN . Yes ; it is . Senator FULBRIGHT . What is that ? Mr. GLIDDEN . That is correct . Senator FULBRIGHT . What was the nature of that request and did the RFC agree to it ? Mr. GLIDDEN . One of them ...
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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 CONGRESS THE LIBRARY CONSIDINE Cooperative Refinery Association correct cost creditors Dallas debentures Debit developed disbursement drilling DUNHAM equipment estimate examiner fair market value figures Garrett gas reserves geologist GLIDDEN GUNDERSON HISE income indebtedness Investors Group Keplinger leasehold leases letter liabilities LIBRARY OF CONGRESS loan value Midway Oils mortgages MURRELL National Cooperative Refinery Notes payable oil and gas oil reserves operating opinion paragraph participate percent petroleum engineer Petroleum Reserve Corp present proceeds production properties prospectus proven reason recommended Reconstruction Finance Corporation record rehabilitation repayment Republic Steel Corp requested RESS review committee RFC loan RONAN schedule Senator DOUGLAS Senator FULBRIGHT September 15 statement subcommittee Swiss Oil Texas Texmass loan Texmass Petroleum Texmass Petroleum Co tion Total undeveloped reserves voting Washington examiner White
Popular passages
Page 112 - ... 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 6 - ... wholly owned Government corporations by the Government Corporation Control Act, as amended; (2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended...
Page 7 - 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 66 - 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 7 - 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 18 - At this point I would like to offer for the record a letter...
Page 7 - The audit shall be conducted at the place or places where the accounts of the respective corporations are normally kept. The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the respective corporations and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositaries,...