Joint resolution to authorize the Secretary of Commerce to sell certain vessels to citizens of the Republic of the Philippines; to provide for the rehabilitation of the interisland commerce of the Philippines, and for other purposes
PL 84-114 (S.J.Res.67), enacted 06/30/1955

69 S T A T . ] 
PUBLIC LAW 114~JUNE 30, 1955 
211 
the Act of August 7,1946 (60 Stat. 897), as amended, entitled "An Act 
to provide for the establishment of a modern, adequate, and efficient 
liospital center in the District of (^olumbia, to authorize the making 
of grants for liospital facilities to private agencies in the District of 
Columbia, to provide a basis for repayment to the Government by 
the Commissioners of the District of (^olumbia, and for other pur-
poses", is further amended by substituting "June W, 1957'' for 
•Mune 30, 1955". 
Approved June 30,1955. 
Public Law 114 
CHAPTER 246 
JOINT RESOLUTION 
j„„e 30. 1955 
To authorize the Secretary of Commerce to sell certain vessels to citizens of the 
[S. J. Res. 67] 
Republic of the Philippines; to provide for the rehabilitation of the interisland 
commerce of the Philippines, and for other purposes. 
Resolved by the /Senate and House of Representatives 
of the United 
/States of America in (Jongress assembled^ That notwithstanding the 
provisions of section 14 of the Merchant Ship Sales Act of 1946 (Public 
Law 321, Seventy-ninth Congress), as amended, or any other provision 
of law, the Secretary of Commerce is hereby authorized and directed 
to sell to citizens of the Kepublic of the Philippines in accordance with 
the Merchant Ship Sales Act of 1946, five vessels named herein: Carrick 
Bend, Masthead Knot, Snug Hitch, Boatswains Hitch and Turks Head, 
which at present are in the Philippines: Provided^ That with respect 
to each of the said vessels one-half of the charter hire paid to the United 
States shall be subtracted from the sales price as additional deprecia-
tion for the period beginning July 1, 1954, and ending with the date 
of execution of the contract of sale of th6 respective vessel: And pro-
vided further^ That the Secretary of Commerce after consultation with 
the National Advisory Council in International Monetary and Finan-
cial Problems, shall fix the terms of payment on unpaid balances, which 
terms shall in no event be more favorable than the terms applicable in 
the case of sales to citizens of the United States. 
In determining the order of preference between applicants for the 
purchase of such vessels, first preference shall be given to the applicants 
who are charterers of such vessels under the terms of the Philippine 
Rehabilitation Act of 1946, as amended, at the time of making applica-
tion to purchase vessels under the terms of this Act; second preference "
o
*
® 
shall be given to applicants who suffered losses of interisland tonnage 
in the interests of the Allied war effort: Provided^ That applications 
for the purchase of said vessels are received by the Secretary of Com-
merce within one year after the date of enactment of this Act. 
Except with the prior approval of the Secretary of Commerce, any 
vessel sold under this joint resolution shall, for a period of ten years 
from the date of sale of the vessel, be operated only in the interisland 
commerce of the Philippines. 
Delivery of the vessels for the purposes of sale shall be made at a 
port in the Philippines designated by the Secretary of Commerce. 
Notwithstanding any other provision of law, the said vessels shall 
continue to operate in the Philippines under existing charters until 
such time as the agreements of sale are executed and deliveries of the 
vessels thereunder are accomplished. 
For the purposes of this Act, the term "citizen" includes any individ-
ual, corporation, partnership, association, or other form of business 
entity authorized to do business under the laws of the Republic of the 
Philippines. 
Approved June 30, 1955. 
Vessels. 
S a l e to Philip-
pine citizens. 
60 Stat. 50. 
50 u s e app. 1735 
note. 
60 Stat. 128. 
50 u s e app. 1751 
Interisland con^ 
merce.