◆ SpookStack

~_ i ee aoa _-« BREOKBR advised that the » $100,000.00 received by vistors 2. from Oceanic Transport on January 11, 1951 was for the purpose ee increasing Victory's wrking capitel in order to qualify for — . ae Maritime mortgage aid, The #100,000.00 was debited to Cash and 2 - credited to Account Number Shl. The effect of this transaction 7. has been described abore, comer ap eae - - a a Te a oe =o BECKER advised that the "$300,000.¢ 00 received fromi kr... oP . Oceanic Transport by Victory on October 9, 1951 was for the pure a pose of enabling Victory to make an additional payment to USPC | a in connection with its purchase of Pacific Tenkers stock from -: Loe ee USPC. Further information concerning this mttor Wil be > wet 3 forth subsequently in this report. a a * & & © © & & rar F we ede eee ae. oh ae ac ae ' 1 The following canments concerning Schedule H ere set i= forth below under the name of the company to which Victory made {ie disbursements: a . he . S8¥ : nn le . No special comments will be made conceming the in- | 7 : dividual dis bursemam ts made by Victory to SSY,. ‘1% BECKER advised that the purpose of such disbursenants’ nee up to April, 1951 was to furnish SSY with funds to pay Vietory's tt obligations and to maintain a high credit balance at SSY. BECKER see stated that beginning april, 1951 Victory merely advanced sufficient ai;t | _ funds to SSY to enable the latter to function as Victoryts disburs- Raat ing agent. . er a mew aoe Saks ek me ET : <a USFC | 7 TY ee eee An examination of the Victory records reflected that p ments by Victory to USPC in amounts of $800,000.00, $377.955. 5... $300,000.00 and $100,000.00 made on July 21, 1950, May 1, 1951,=: Oetober 3s 1951 and Pebruary 1; 1952 » were tor the Purpose of. ‘making eo par tate ate at e A . ae a we er a: ee ms La wo aint, & ob 1, sa ae Bites.