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 |
From inside the book
Results 1-5 of 33
Page 3
... disbursement where the total amount of the loan is $ 100,000 or less , and 60 percent where the total amount is over ... disbursed - in other words , this loan is in process and not a completed transaction . We think there is an ...
... disbursement where the total amount of the loan is $ 100,000 or less , and 60 percent where the total amount is over ... disbursed - in other words , this loan is in process and not a completed transaction . We think there is an ...
Page 4
... disbursement had yet been made under the commit- ment . The period during which disbursements may be made was originally set at 60 days and it was extended from time to time until now it ends at about the close of April 1950. Most of ...
... disbursement had yet been made under the commit- ment . The period during which disbursements may be made was originally set at 60 days and it was extended from time to time until now it ends at about the close of April 1950. Most of ...
Page 5
... 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 advised Chairman Hise of the ...
... 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 advised Chairman Hise of the ...
Page 9
... disburse this loan to the Texmass Petroleum Co. , and you should thereafter in your audit find that the loan is a trans- action without authority of law , what recourse would be at your disposal for recovery of the amount expended ? Mr ...
... disburse this loan to the Texmass Petroleum Co. , and you should thereafter in your audit find that the loan is a trans- action without authority of law , what recourse would be at your disposal for recovery of the amount expended ? Mr ...
Page 11
... disburse it . That is set out on a schedule prepared by the staff of the committee . Senator DOUGLAS . Then the ... disbursed it . Senator DOUGLAS . Now , then , I notice in the analysis that has been made of this $ 15,100,000 that only ...
... disburse it . That is set out on a schedule prepared by the staff of the committee . Senator DOUGLAS . Then the ... disbursed it . Senator DOUGLAS . Now , then , I notice in the analysis that has been made of this $ 15,100,000 that only ...
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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,...