Mr. MORSE. I can't answer that specifically without checking into the reasons. One reason would be that the lines-I would assume, or an explanation might be that the lines submit the material to us on the basis that it is confidential, and under the confidential statute we would have problems-filing confidential information-we would have problems in making it public information. The CHAIRMAN. Would you raise your voice a bit? I want to ask this question, Mr. Morse. Don't you personally think that those figures ought to be made public, in view of the considerable sums of public moneys that are turned over to these various lines? And certainly those moneys, as they are used by the companies, affect the public interest and the public welfare in a very material sense. Mr. MORSE. I think very definitely that these figures on the subsidized lines should be public information. The CHAIRMAN. And will you so recommend to your confreres on the Board, that publicity be given to them in the future? Mr. MORSE. I will, sir. Mr. SINGMAN. At this point, Mr. Chairman, I would like to The CHAIRMAN. I want to again commend you for your courage and for your wisdom in answering many of these questions, Mr. Morse. Mr. MORSE. Thank you. Mr. SINGMAN. Mr. Chairman, at this point I would like to offer for the record additional tables prepared by the Maritime Board's staff at the request of the subcommittee, showing for each of the U.S.-flag lines nonsubsidized as well as subsidized for the 11 years, 1948 through 1958, profits per share of stock, net profits after taxes, dividends paid per share, annual construction subsidies, and annual operating subsidies. (The documents referred to follow :) 5. Net profits after taxes, 1948-58 (annually) 1 Subsequent adjustment resulted in a final figure for Ameriacn President Lines of $4,779,990. Subsequent adjustment resulted in a final figure for American President Lines of $5,909,352. Fiscal year ending Mar. 31. 1,607, 754 19, 229, 595 6. Per share dividends paid, 1948-58 (annually) Acoa Steamship Co. American President Lines. Isbrandtsen & Co.. Isthmian Line, Inc. Lykes Bros. Steamship Co.. Mississippi Shipping Co. Moore-McCormack Lines, Inc. Prudential Steamship Corp.. States Marine Corp. (Delaware). Stevenson, T. J. & Co.2. States Marine Corp. (New York). Stockard Steamship Corp. U.S. Lines, Co.. Waterman Steamship Corp. C-Common stock dividend. P-Preferred stock dividend. 1 Fiscal year ending Mar. 31. 2 Fiscal year ending May 31. |