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 3
... consideration should be the interest of the general public rather than the interest of the individual borrower . ( b ) Under normal conditions the activities should be conducted so as to make them self - sustaining insofar as it is ...
... consideration should be the interest of the general public rather than the interest of the individual borrower . ( b ) Under normal conditions the activities should be conducted so as to make them self - sustaining insofar as it is ...
Page 4
... consideration of the loan , RFC employed the services of a consulting geologist who undertook to examine the collateral and to advise the Corporation on its worth . This geologist has rendered a report in which he estimates that there ...
... consideration of the loan , RFC employed the services of a consulting geologist who undertook to examine the collateral and to advise the Corporation on its worth . This geologist has rendered a report in which he estimates that there ...
Page 5
... consideration before the first disbursement is made . Sincerely yours , J. W. FULBRIGHT . Senator FULBRIGHT . On Tuesday , April 11 , 1950 , I received a reply from the Comptroller General to my letter of March 28. I immedi- ately ...
... consideration before the first disbursement is made . Sincerely yours , J. W. FULBRIGHT . Senator FULBRIGHT . On Tuesday , April 11 , 1950 , I received a reply from the Comptroller General to my letter of March 28. I immedi- ately ...
Page 7
... consideration again recommended that the application be declined for the following reasons : " 1. The loan has little , if any , public interest . " " " 2. Proposed rehabilitation is in reality a salvage operation for which there should ...
... consideration again recommended that the application be declined for the following reasons : " 1. The loan has little , if any , public interest . " " " 2. Proposed rehabilitation is in reality a salvage operation for which there should ...
Page 8
... consideration , it appears clear that the approval of a loan which reasonably cannot be expected to be repaid within 10 years , or in connection with which all parties recognize the probability that it cannot be so repaid would be an ...
... consideration , it appears clear that the approval of a loan which reasonably cannot be expected to be repaid within 10 years , or in connection with which all parties recognize the probability that it cannot be so repaid would be an ...
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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,...