GENERAL ADMINISTRATIVE EXPENSES

For expenses necessary for general administration of the Bureau of Commercial Fisheries, including such expenses in the regional offices, [$600,000 $695,000. (5 U.S.C. 133t; Act of Aug. 8, 1956, 70 Stat. 1119; Department of the Interior and Related Agencies Appropriation Act, 1963.)

Program and Financing (in thousands of dollars)

ADMINISTRATION OF PRIBILOF ISLANDS

(Indefinite, special fund)

For carrying out the provisions of the Act of February 26, 1944, as amended (16 U.S.C. 631a-631q), there are appropriated amounts not to exceed [$1,998,000] $2,553,000, to be derived from Pribilof Islands fund. (5 U.S.C. 133t; Act of Aug. 8, 1956, 70 Stat. 1119; Act of July 7, 1958, 72 Stat. 339; Act of June 25, 1959, 73 Stat. 141; Department of the Interior and Related Agencies Appropriation Act, 1968.)

Program and Financing (in thousands of dollars)

1962 1963 1964 actual estimate estimate

Change in selected resources

Total obligations..

1 Selected resources as of June 30 are as follows: Unpaid undelivered orders, 1961, $50 thousand (1962 adjustments, $964 thousand); 1962, $648 thousand; 1963, $648 thousand; 1964, $648 thousand.

An amount equal to 30% of the gross receipts from customs duties on fishery products is appropriated for1. Marketing and technology, 2. Research, and 3. Research on fish migration over dams.-These funds supplement moneys appropriated to Bureau of Commercial Fisheries for the same purpose under the appropriation for Management and investigations of resources.

4. General administrative services.-These funds also cover the expenses of the American Fisheries Advisory Committee (68 Stat. 376).

Object Classification (in thousands of dollars)

537

Program and Financing (in thousands of dollars)—Continued

Revenue, Expense, and Retained Earnings (in thousands of dollars)

Total obligations.

2,922

Financing:

Revenues and other receipts:

Deficit (-) start of year..

15

Loans repaid

Collections on judgments receivable.

1,500

25

Deficit (-), end of year..

-11

Sale of acquired assets..

4

Revenue...

Financial Condition (in thousands of dollars)

in this fi

Unobligated balance brought forward.

6,059

79; 70 Sta

Unobligated balance carried forward (-)....

-5,066

-4,452

equired.

e Secret

Financing applied to program..

Assets:

2,922

dition.

Selected assets: Advances 1

3

3

3

dollars)

Loans receivable, net..

6,348

Judgments receivable.

Summary of Sources and Application of Funds (in thousands of dollars)

25

Other assets.

7,260 25 14

7,900

8,619

26

26

53 1

ate esti

15

Liabilities:

Current.

2,922 2,514

-19

Government equity:

23

Gross expenditures.......

Non-interest-bearing capital: Start and

end of year.

Deficit (-)-

Decrease in accounts receivable, net.

Total Government equity.

Applicable receipts.........

-228 -236 12,772 12,764 12,777 12,771

Analysis of Government Equity (in thousands of dollars)

13,000 13,000 13,000 13,000

-223 -229

23

Undisbursed loan obligations 1

Unobligated balance....

Budget expenditures.

This fund is used for making loans to segments of the fishing industry unable to obtain commercial loans on reasonable terms for financing operations, maintenance, replacement, repair, and equipment of fishing gear and vessels, and for research into basic problems of fisheries. Loans bear interest at 5% annually and mature in not more than 10 years. Loan commitments against the fund are made on approval of the Secretary of the Interior, and referred to the Bureau of Commercial Fisheries for closing in the field and rendering loan servicing functions required (70 Stat. 1119).

Budget program-Loans made. It is estimated that this program can be carried through 1964 without additional financing. As of September 30, 1962, a total of 1,193 applications amounting to $33.5 million had been received. Of these, 630 loans totaling $14.9 million had been approved and 316 applications amounting to $8.3 million had been declined.

Administrative expenses.-These expenses include processing of loan applications, closing of loans, and collection of repayments and interest.

Financing.-Appropriations of $13 million provide capital for the fund. Additional financing is provided from repayments and interest on outstanding loans. Operating results. The existing deficit is expected to be eliminated by future interest earnings.

Invested capital and earnings.

Total Government equity.......

12,772 12,764 12,777❘ 12,771

1 The changes in these items are reflected on the program and financing schedule.