358 NATIONAL OCEANOGRAPHIC PROGRAM LEGISLATION 



Dr. Clark. Yes ; this is very well put. To restate it again, we are 

 trying not to be negative, we are as eager to see these endless studies 

 terminated as anyone else, but we do not want to see premature deci- 

 sions made that may shape favorably or unfavorably the whole direc- 

 tion of the ocean's development. 



We particularly want to see very careful thought given to legislation 

 which will encourage private industry to move even more aggressively 

 than it already has. 



Mr. Reinecke. I thank you, Doctor. 



Mr, Chairman, I do not have any further questions. 



Mr, Lennon, Thank you, Mr, Reinecke. 



Mr. Downing, we are delighted to have you because of your great 

 interest in this, 



Mr. Downing, Thank you, Mr, Chairman. 



I want to thank Dr. Clark, too, for his appearance today and his con- 

 tribution to this legislation. 



In your prepared statement you say : 



Our concern covers a broad area of what we have determined ocean-related 

 business. 



Then you go on to say : 



We find that on a cash-flow basis less than 40 percent of the business was de- 

 rived from Government expenditures and more than 60 percent was commercial 

 in nature during 1963. 



Would you mind developing this concern a little further? Are you 

 saying that the Government should spend more and industry less, or 

 what is the point you are getting at there ? 



Dr. Clark. I am not actually saying that anyone should do any- 

 thing at this point. I am simply pointing out the topic of discussion, 

 defining the subject of the discourse. 



Mr. Downing. In other words, you are not concerned about it. 

 You are just pointing it out? 



Dr, Clark. Right. 



]\Ir. Downing. Thank you very much. Dr. Clark. 



Mr. Lennon. Mr. Casey? 



Mr. Casey. Doctor, in your studies, of course, there is one thing 

 that you mentioned that is in the Geneva agreement, that is in the 

 process of being ratified. 



Dr. Clark. It has been ratified. 



Mr. Casey. It has, which gives the countries the development of 

 mineral resources. Is that not correct? 



Dr. Clark. Yes, sir. 



Mr. Casey. And as far as they are able to operate, whateA'er depth 

 limit? Have you made any study of what Russia — whether Russia 

 is contemplating a project similar to our project? 



Dr. Clark. As far as has been published, I have access to only open 

 literature data concerning the activities of the Russians, there is no 

 project comparable to our project contemplated by these people. 



Mr. Casey. Have you heard of a possible program, say, in the Black 

 Sea? I think that they are contemplating that. That might be in 

 that category — may not be as deep a water, but in that category, 



Dr, Clark. No, sir. 



