30 



FEDERAL ACTIONS 



I 



Department of the Interior 



FISHERIES LOAN FUND HAS PROVIDED 

 NEARLY $22 MILLION 



From the inception of the Federal Fisheries 

 Loan Fund in 1956, through September 30, 1966, 

 the Fund's Administrator, BCF, received 

 1,864 applications for $48,298,257. By Septem- 

 ber 30,1966, 977 applications ($21,773,930) 

 had been approved, 587 ($13,674, 137) declined 

 or found ineligible, 275 ($9,355,902) had been 

 withdrawn by applicants before processing, 

 and 25 ($1,422,386) were pending. Of those 

 approved, 353 were for amounts less thanap- 

 plied for; the total reduction was $2,071,902. 



Recent Applications 



The following applied recently for loans: 



Olaf M. Johnson, Rural Route 2, Oconto, 

 Wis. 54153, for construction of a used 52.3- 

 foot, registered length, vessel to fish for ale- 

 wives. 



Adolf G.Olofson, 1516 Tongass Ave., Ketch- 

 ikan, Alaska 99901, to buy a used 38-foot wood 

 vessel to fish for salmon, halibut, crab, and 

 shrimp. 



Fred Schneider, 12809 Kalnor Ave., Nor- 

 walk, Calif. 90650, to construct a new 63 -foot 

 steel vessel to fish for albacore, yellowfin 

 and skipjack tuna, swordfish, groupers, squid, 

 anchovies, and bonito. 



Seven Seas, Inc., Box 1243, Ponce, Puerto 

 Rico 00712, to build a 153-foot, overall length, 

 steel vessel to fish for tuna. 



Robert A. and Billie S. Thackwell, 1417 

 Brookhill'Dr., Fort Myers, Fla. 33901, to buy 

 a used 55.1 -foot, registered length, wood ves- 

 sel to fish for shrim^p. 



Sylvester J. Chieslak, Box 24, Cohoe, 

 Alaska 99570, to buy a used 32 -foot vessel to 

 fish for salmon, halibut, and crab. 



Donald F. and Cecilia W. Kiesel, 1214 

 Donna Drive, Fort Myers, Fla. 33901, to buy 

 a new 80-foot steel vessel to fish for all com- 

 mercial species of shrimp. 



Cecil E. Prior, Loudville, Maine 04564, 

 to build anew 32 -foot wood vessel to fish for 

 lobsters. 



Noticesof the applications were published 

 in the Federal Register , October 28, 1966. 



;;c >J: ;J: iff :^ 



FISHING VESSEL 



MORTGAGE INSURANCE PROGRAM 



Since the mortgage insurance program be- 

 gan on July 5, 1960, BCF, the program's ad- 

 ministrator, received 139 applications for 

 $16,267,107. Of the total, 102 applications 

 were approved for $7,212,421, and 18 appli- 

 cations for $6,017,812 were pending on Sep- 

 tember 30, 1966. 



During the third quarter of 1966, BCF re- 

 ceived 17 applications for $5,888,862. 



^ :{< >^ ;}: ;}: 



FISHING VESSEL CONSTRUCTION 

 DIFFERENTIAL SUBSIDY 



From the first applications for a differen- 

 tial subsidy under BCF's expanded program 

 received in December 1964, through Septem- 

 ber 30, 1966, BCF received 75 applications 

 for an estimated $17,398,500 in subsidies. 

 Public hearings were held on 54 applications; 

 49 applications for subsidies estimated at 

 $12,322,000 were approved; 9 subsidy con- 

 tracts totaling $1,464,351 were carried out. 



>|t ;;« * >;: ^ 



SUBSIDIES HELP BUILD 

 STERN TRAWLERS 



On November 4, the Department of the In- 

 terior announced that federal funds totaling 

 $5.2 million will help build two stern trawl- 

 er factoryships--the largest fishing vessels 

 to operate from U. S. ports. The subsidy covers 

 half the construction cost of $10.5 million. 



Contracts under the 1964 Fishing Fleet 

 Improvement Act were signed November 2, 

 1966, by BCF and American Stern Trawlers, 

 Inc., of New York City, the owners. Mary- 

 land Shipbuilding andDrydockCo., Baltimore, 

 Md., will construct the trawlers. 



