PUBLIC LAWS-CH. 775-JUNE 30, 1948 61 Stat. 603 . Acquisition of cer- tain vessels. 52 Stat. 961. 46U.S.C.1177(h). 60 Stat. 843. Ante, p. 1008. Transactions in- volving sale, etc., of vessels. 60 Stat. 903 . the salaries of the Commissioners of the United States Maritime Com- mission with the exception of the Chairman, shall be at the rate of $10,000 each per annum; New ship construction, including reconditioning and betterment, $29,000,000; and, in addition, the Commission is authorized to enter into contracts for new ship construction in an amount not to exceed $75,000,000: Provided,That all authority granted to incur obligations for these purposes during 1948 and prior fiscal years not exercised prior to July 1, 1948, is hereby revoked, except that not to exceed $99,000,000 of the funds appropriated for "New ship construction, reconditioning, and betterment" in the Independent Offices Appropriation Act, 1948, shall continue to be available until September 30, 1948: Provided further, That the Commission may expend amounts to acquire the vessels Mariposa and Monterey and materials and equipment in con- junction therewith on hand or committed for and expend the amounts necessary to complete the vessels, if required for the development and maintenance of the commerce of the United States and for use of the United States in time of war and national emergency, from any amounts available within this limitation; Maintenance of shipyard facilities, $529,000; Operation of warehouses, $792,000; Operating-differential subsidies, $16,691,775: Provided,That to the extent that the operating-differential subsidy accrual (computed on the basis of parity) is represented on the operator's books by a con- tingent accounts receivable item against the Commission as a partial or complete offset to the recapture accrual, the operator (1) shall be excused from making deposits in the Special Reserve Fund and, (2) as to the amount of such earnings the deposit of which is so excused, shall be entitled to the same tax treatment as though it had been depos- ited in said Special Reserve Fund. To the extent that any amount paid to the operator by the Commission reduces the balance in the operator's contingent receivable account against the Commission, such amount, unless it is forthwith deposited in the fund, shall be consid- ered as withdrawn under Section 607 (h) of the Merchant Marine Act, 1936, as amended; Reserve fleet expense, $9,663,000; Maintenance and operation of terminals, $585,000; Miscellaneous expenses, including payment of claims pursuant to section 403 of the Federal Tort Claims Act (28 U. S . C . 921), $500,000. Whenever, in connection with any transaction involving the sale, purchase, or requisition of any vessel, the United States shall be or become obligated to pay any sum to the other party to the transaction and said other party shall be or is indebted to the United States on account of any transaction involving the sale, purchase, or requisition of any vessel the amount so owing to the United States shall be deducted from the amount due the other party, and hereafter no officer or employee of the Government shall pay to such other party a sum greater than the net amount owing the other party. Maritime training: For training personnel for the manning of the merchant marine (including operation of training stations at Kings Point, New York; Sheepshead Bay, New York; Pass Christian, Mis- sissippi; Saint Petersburg, Florida; and Alameda, California), includ- ing not to exceed $3,300,000 for personal services (exclusive of pay of trainees) in the District of Columbia and elsewhere; expenses of attendance at meetings concerned with the work of the Commission when specifically authorized by the Chairman; printing and binding; health service program as authorized by law (5 U. S. C . 150); not to exceed $2,500 for contingencies for the Superintendent, United States Merchant Marine Academy, to be expended in his discretion; 1198 [62 STAT.
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