388 



Thank you so much. 



Mr. PiEECE. Thank you, Mr. Chairman. 



Mr. Lennox. Our next witness today, if he will present himself, is 

 Mr. Robert L. Clark, vice president of Hayden, Stone Incorporated. 

 Without objection, the biographical sketch of Mr. dark will appear 

 at this point in the record. 



(The biographical sketch follows :) 



Robert L. Clark is a vice president and director of institutional research with 

 the world-wide investment firm of Hayden, Stone Incorporated, with headquarters 

 at 25 Broad Street, New York City. He has conducted major forums and prepares 

 reviews and forecasts on Oceanography. He has given a number of addresses on 

 the investment outlook for Oceanography. 



He joined Hayden, Stone in 1958, following 12 years spent with the Standard 

 Oil Company (New Jersey) and its afiiliates in Europe and the United States. 

 A native of London, England, he received his early education in this country at 

 Phillips Academy, Andover, Massachusetts, and subsequently took his bachelor's 

 degree from Dartmouth College (1940) and his master's degree from the Tuck 

 Business School (1941). He served in the U.S. Navy from 1941 to 1946, and held 

 the rank of lieutenant commander. 



Mr. Clark is a member of the New York Society of Security Analysts, the Oil 

 Analysts Group of New York, the American Petroleum Institute, and the Inde- 

 pendent Petroleum Association of America. 



He and his wife, Mariana (Loyd) Clark have four sons and one daughter 

 and live in Weston, Connecticut. 



STATEMENT OF ROBERT L. CLARK, VICE PRESIDENT, HAYDEN, 

 STONE, INC., NEW YORK CITY 



Mr. Clark. Thank you, Mr. Chairman. 



Mr. Chairman and members of the committee, it is indeed an honor 

 to appear before you today and discuss the report of the Commission 

 on both "Our Nation and the Sea." 



First of all, my appearance here before you is as a citizen and any 

 opinions given represent my own personal views and not necessarily 

 those of the organizations with Avhich I am affiliated. 



I would like to present to you some data and observations on ocean- 

 ography contained in this pamphlet for your review and recording, as 

 you deem appropriate. With your permission, I will forego a verbal 

 presentation of this material and limit my remarks to a few comments 

 about the report of the Commission on Marine Science, Engineering, 

 and Resources. 



The Commission has done a fine job in bringing together a very 

 thorough review of all the various aspects of oceanography with em- 

 phasis on the civilian side from a GoA-ernment point of view primarily, 

 although adequate attention has been given to industry and other 

 private institutions. 



The main message that I have to bring to you is how important it is 

 for the Government to show industry that it means "business" by effec- 

 tively organizing itself now for launching, coordinating, and directing 

 an active aggressive program in marine science and technology. 



We recognize that Government funds for this purpose are under 

 pressure right now. Nevertheless, evidence that the Government is go- 

 ing to organize itself to formulate and administer such a program, 

 even if funds are limited at the present time, is vital to keep industry 

 interested and committed to further expenditure of private funds in 



