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aed bp, NY 46-2507 DEPARTMENT TTEM NUMBER 25 This {tem is in reference to the payment of the © charter hire by Socony Vacuum 0i1 Company to the National City Bank in retiring the mortgages on the FT. BRIDGER and the LAKE GEORGE. It also deals with the accounting made ~ with respect to the total charter hire payments in excess of the mortgage and to whom these funds were disbursed, to tho records of acuum O11 made available by Marine Transport vivision, to According Compan which were 1 ad aa and LAKE GisONGh were pa ne chartor hire on the FT. BRIDGER d to the National City Bank under assignmont agreement with PETCAP, until Docember 7, 1949, at which time the National City Bank advised Socony Vacuum Oil Company that they no longer had any interest in the + charter hire moneys. By assignment datod September 12, 1951 the charter hire on the AKE GEORGE was again paid by Socony to the National City Bank; and by assignment dated. November 23, 1951 the charter hire on ‘the FT. BKIDGER was nlso egain paid by Sccony to Netional City Brnk. , o—iie (67) - -* . ‘ ‘ ; 6 -t~ ; arrears — . " Pn aimee a — 7 lata . . ~~ amo, " 4 . a = - anal oul Pen atin ttn Rake t hee See ee ee a ey i