◆ SpookStack

a ee oe cena eT mated etme emt bic oe . we ae wre ‘ NY 46-2507 ~ a. borrowed by Glympic Trading: Cormoraticn for the construction program of Olympic O11 Lines, Tae ee gs ie, me, BURSON advised thet Captain RIEBER, an official a of Petroleum Nrvigation Corpor:tion, advised ONASSIS that : the tenkers FRDTRAL and RUPURLIC could be purchased. CURE SOL steted that he covld not rerember the exact details ~ of the >urchase by Trafalrer Steamship Company of the above- _— ' mentioned tonkers, but did tmow thet the information was 7 first brought to the ettenticn of OMASSIS by Captain RIESER. a Ye advised that RITBM anc CUASSIS vere friends of long standing in the shipping busines a i BERMSCH advired thet up to about September, 1943, USPC hed borrowed 2 considerable amount of money fron CHASSIS. He stated that GLONG Fr TLORD of LORD, DAY and LORD, 4 Adnirelty Attorneys, vould write up citizenship opinions i on the vacknuge deals. In (CuI LORD'S opinion, he hed oy felt tliat ib uould ke fay. able Prom: the point of view of | , financing institutions for their security, as considerable ; i sums of roney vers loaned Ly forsipners, to nave the money Bg: come frg1 American bars with foreign collateral, rather) then directly from foreion funds. Eecause of this “yeecommendation of GEORG™ LOAD, tne collateral fund arrange- nent was crested, , LURE SC? advised that CNASSIS agreed to furnish the collateral ty the Ne b Lor al city Dank so that the banx could direct loens ts USPO securec by this collateral. He advised thit, when SPC neceed money, one of the SPC officials would either write cr telephone to Ariona at Montevideo, Uruguay. Arrengements vould then be made oy : wi tn + oa ety, 3 1 ¥ Arions to put ai toe aollatersi rece loan fror t42 Nations] City; Gonk to USPC, *y