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
... considered opinion of the geologist that the loan cannot be paid off under its terms in less than 20 years . He has so advised RFC in letters dated September 15 , 1949 , one of which reads in part as follows : " As it now stands , the ...
... considered opinion of the geologist that the loan cannot be paid off under its terms in less than 20 years . He has so advised RFC in letters dated September 15 , 1949 , one of which reads in part as follows : " As it now stands , the ...
Page 16
... considered reserves . Senator FULBRIGHT . Are those techniques fairly well established and understood by a petroleum engineer ? Mr. HELLER . I am not a petroleum engineer . I think they are fairly well understood . In fact , there are ...
... considered reserves . Senator FULBRIGHT . Are those techniques fairly well established and understood by a petroleum engineer ? Mr. HELLER . I am not a petroleum engineer . I think they are fairly well understood . In fact , there are ...
Page 23
... considered ? Mr. HISE . It is a long three - page resolution . If you like , we would be glad to introduce that at this point . Senator FULBRIGHT . It is not necessary . Is it a question of obtain- ing the collateral ? Mr. HISE . I will ...
... considered ? Mr. HISE . It is a long three - page resolution . If you like , we would be glad to introduce that at this point . Senator FULBRIGHT . It is not necessary . Is it a question of obtain- ing the collateral ? Mr. HISE . I will ...
Page 26
... considered that the interests of the RFC would not be hurt by waiving it and I accord- ingly recommended it . Senator FULBRIGHT . And the Board formally approved that recommendation to waive it ? Mr. GLIDDEN . I cannot say . Can you ...
... considered that the interests of the RFC would not be hurt by waiving it and I accord- ingly recommended it . Senator FULBRIGHT . And the Board formally approved that recommendation to waive it ? Mr. GLIDDEN . I cannot say . Can you ...
Page 27
... considered that you have a right to withdraw the waiver ? Mr. DOUGHERTY . I would be glad to answer that . That answer is " Yes . " Senator FULBRIGHT . You have a right to withdraw the waiver ? Mr. DOUGHERTY . Yes , sir . Senator ...
... considered that you have a right to withdraw the waiver ? Mr. DOUGHERTY . I would be glad to answer that . That answer is " Yes . " Senator FULBRIGHT . You have a right to withdraw the waiver ? Mr. DOUGHERTY . Yes , sir . Senator ...
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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,...