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+ Bebe, + NY 46-2507 , DEPARTMENT ITEM NUMBER 22 This item requests information as to what agreement SSY had with ONASSIS or ARIONA for the transfer or advance of funds for the account of USPC including the ort ginal amount iunGcs av wees ee of $1, 875, 000,00, the amounts advanced, the understanding as to repayment, the amount repaid and the source of funds used for repayment. CHARLES AUGENTHALER, Partner, SSY stated that SSY had no agreement, written or oral, with ONASSIS or ARIONA for the transfer or advence of funds for the account of USPC. He stated that SSY made whatever rayments ONASSIS or ARIONA directed them to make, but that each such nayment would be upon separate instructions, ond would be charged against credit balances on SSY'S books available to the company re- questing such payments . AUGENTHALER stated that indivldual companies within . the ONASSIS-KONIALIDIS group might, at times, have had debit balances in their accounts, but that the entire foreign | group of companies plus the USPC group was locked upon as a packare" to determine whether a sufficient credit balance existed to cover a rcquested payment. He stated that it was SSY'S policy that no payments would be made unless a sufficient credit balance did exist. Their policy has been discussed previously under Deparment Item Number 13, AUGENTHALER said that SSY never advanced its own funds for the account of USPC and therefore had no under- standing with respect to repayment and had received no re« payments. In reference to the transfer of the $1,875.000.00 by SSY to USPC at the Instructions of ARIONA, this matter is Giscussed in detail under Department Item Number 2l,. aah SA IRI ied ARENT OY Be Mae a EE a or a on tate we wt et See: i hee a ye atite