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NY 46-2507 orn ee eee aes ee ite er 8 ses - “a m® é- c they did have it on a single voyage charter on November 19, 1947 from its chartez owner ARIONA. ; On Octobcr 2h, 1947 the SS ARISTON was time chartered by Socony for a period.of five years at a rate of $4.10 por dcad weight ton por month. The vessel was delfvercd to Socony on November 17, 1°48. Due to Socony's not being satisfied with the performance of the ARISTON, the vessel] $5 HERMAN F, “HITOY was substituted on August 1h, 1949. However, as CNASSIS wanted to convert the WHITON to a whaler, the vessel SS CAMAS MEADOWS was substituted on November 5, 1949. The charter hire, which remained the same @3 for the &5 ARISTON, wes assigned to the National city Bank, DEPARTMENT ITEM NUMReR 17 This item requests that it be determined what preliminary arrangements had been made prior to September 27, - 1947 to borrow thu funds needed to pay for ten tankers, and with whet financial institutions were these arrangements madc, , Full details in reference to the arrangements for the financing of the ten tankers and what foreign citizens or corporstions would be used to guarantee any loans or to post colliteral, is s«t forth in detail in the lest seetior of this report in the interview with BERENSON,