154 OCEANOGRAPHY 



Mr. DiNGELL. Do you think it would be wise to have title remain 

 in the hands of the Federal Government until such time as work on 

 tlie \'essel were completed ? 



Dr. Waterman. I should not think it would matter, Mr. Chairman. 

 It is intended for the work done by this gi-oup and for the reason I 

 said earlier I believe it is miportant that private groups have the 

 equipment they need, the installations and research instruments they 

 need to do their work free of encmnbrance. This is a source of 

 strength in the general picture. 



Mr. DixGELL. This could be done with the Federal Govermnent 

 having nominal title to the vessel. 



Dr. Waterman. Yes, it could be. 



Mr. Dingell, Would you explore that ? This vessel grant is some- 

 thing that concerns me. I am haj)py to see you have all the money 

 you want to do what you want and what tlie public interest requires. 

 i sincerely mean that. I have the feeling in my own mind that pos- 

 sibly this could be scrutinized in your own agency with an eye to 

 tightening up some things you are doing. After all, you are not giv- 

 ing out a snuill technical instrument. You are giving out a very 

 large and a very valuable public asset. I hope you are doing it with 

 the greatest degree of care possible. 



Dr. Waterman. We made a great deal of study on this whole 

 matter over a period of 2 3'ears before deciding to go into it. We 

 will be very glad to. 



Mr. Dingell. As you are aware, even the Maritime Commission 

 comes a cropper on some programs from time to tune, and they have 

 had a great deal of experience in these matters. 



Are there further questions? Thank you very much, Doctor. 



Dr. Waterman. Thank you, sir. 



Mr. Bauer. Mr. Chairman, with your permission, I would like to 

 introduce for the record a letter from Dr. Waterman addressed to 

 Dr. Paul M. Fye, Director of the Woods Hole Oceanographic Institu- 

 tion, Woods Hole, Mass., pertaining to a research grant of $3 million 

 by the National Science Foundation to Woods Hole Oceanographic 

 Institution. The letter is dated November 23, 1959. 



Mr. Dingell. Without objection, it will be placed in the record at 

 this point. 



( The letter referred to follows :) 



Re Research Grant NSF-G10337. 



Dr. Paul M. Fye, 



Director, Woods Hole Oceanographic Institution, 



Woods Hole, ilass. 



Dear Dr. Fye : I am pleased to inform you that the sum of $3 million is hereby- 

 granted by the National Science Foundation to Woods Hole Oceanographic 

 Institution, for the support of design and construction of an oceanographic 

 research vessel, under your direction, for a period of approximately 2 years. 



An initial payment in the amount of $100,000 will be made on or about 2 

 weeks from date of this letter. Subsequent periodic payments shall be deter- 

 mined by mutual agreement based upon the anticipated needs for expenditure, 

 as they occur, upon provision of satisfactory documentation to the Foundation^ 

 by the grantee. 



It is a condition of this grant that it may be revoked in whole or in part 

 by the Foundation after consultation with the grantee, except that a revocation 

 shall not affect any commitment which, in the judgment of the Foundation and 

 the grantee, had become firm prior to the effective date of the revocation ; and- 

 that funds not committed by the grantee prior to the conclusion of the work 

 contemplated under this grant shall be returned to the Foundation. 



