74 STAT. 214. tion shall be computed on each vessel on the schedule accepted or adopted by the Internal Revenue Service for income tax purposes. (6) The provisions of section 2 and subsection (a) of this section relating to the requisition or the acquisition of ownership by the United States shall run with the title of each fishing vessel and be binding on all owners thereof. fisheries. SEC. 9. If any fishing vessel is operated during its useful life, as Payment for determined by the Secretary, in any fishery other than the particular use in other fishery for which it was designed the owner of such vessel shall repay to the Secretary, in accordance with such terms and conditions as the Secretary shall prescribe, an amount which bears the same proportion to the total construction subsidy paid under this Act with respect to such vessel as the proportion that the number of years during which such vessel was not operated in the fishery for which it was designed bears to the total useful life of such vessel as determined by the Secretary for the purposes of this section. Obligations under this provision shall run with the title to the vessel. SEC. 10. The Secretary shall make such rules and regulations as may be necessary to carry out the purposes of this Act. SEC. 11. As used in this Act the terms (1) "Secretary" means the Secretary of the Interior, (2) "fishing vessel" means any vessel designed to be used in catching fish, processing or transporting fish loaded on the high seas, or any vessel outfitted for such activity, (3) "citizen of the United States" includes a corporation, partnership, or association if it is a citizen of the United States within the meaning of section 2 of the Shipping Act, 1916, as amended, (4) "construction" includes designing, inspecting, outfitting, and equipping, and (5) "Maritime Administrator" means the Maritime Adminis trator in the Department of Commerce. Definitions. SEC. 12. There is authorized to be appropriated the sum of not more Appropriation. than $2,500,000 annually to carry out the purposes of this Act. SEC. 13. No application for a subsidy for the construction of a fish- Expiration ing vessel may be accepted by the Secretary after the day which is date. three years after the date of enactment of this Act. 86th Congress, H. R. 10646 AN ACT 74 STAT. 216. To amend the Merchant Marine Act, 1936, in order to extend the life of certain vessels under the provisions of such Act from twenty to twenty-five years. Vessels. expectancy. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That sections 215, Commercial 502(c), 503, 507, 509, 510 (d) and (g), 605 (b), 607(b), 705, 1104(a) (3), and 1107 (5) of the Merchant Marine Act, 1936, and section 4 52 Stat. 954. of the Merchant Ship Sales Act of 1946, are amended by striking out 46 USC 1125, the word "twenty" wherever appearing therein and inserting in lieu 1152,1153, 1157, thereof "twenty-five". 1159,1160,1175, ,"1277. SEC. 2. Section 502(g) of the Merchant Marine Act, 1936, is 1177,1195, 1274, amended by striking out "based on a twenty-year life expectancy" and inserting in lieu thereof "at the rate of 4 per centum per annum' SEC. 3. Section 506 of the Merchant Marine Act, 1936, is amended by striking out "one-twentieth" and inserting in lieu thereof "onetwenty-fifth". 52 Stat. 957. 46 USC 1152. SEC. 4. Section 611(c) of the Merchant Marine Act, 1936, is 46 USC 1156. amended by striking out "5 per centum" and inserting in lieu thereof 46 USC 1181. "4 per centum". 46 USC 1204. SEC. 5. Section 714 of the Merchant Marine Act, 1936, is amended 53 Stat. 1186. (1) by striking out "5 per centum" and inserting in lieu thereof "4 per centum"; (2) by striking out "twenty" wherever appearing therein and inserting in lieu thereof "twenty-five"; and (3) by striking out "one-twentieth" and inserting in lieu thereof "one-twentyfifth". SEC. 6. Clauses (1), (2), and (3) of section 1106 of the Merchant Marine Act, 1936, are amended by striking out "the maturity date of 52 Stat. 972. the original mortgage" and inserting in lieu thereof "twenty-five years 46 USC 1276. from the date of the original inortgage". SEC. 7. Section 1107 (4) of the Merchant Marine Act, 1936, is 46 USC 1277. amended by striking out "5 per centum" wherever appearing therein and inserting in lieu thereof "4 per centum". SEC. 8. (a) The amendments made by this Act shall apply only to vessels delivered by the shipbuilder on or after January 1, 1946, and with respect to such vessels shall become effective on January 1, 1960. With respect to vessels delivered by the shipbuilder before January 1, 1946, the provisions of the Merchant Marine Act, 1936, existing im- 49 Stat. 1985. mediately before the date of enactment of this Act shall continue in 46 USC 1245. effect. 46 USC 1125, (b) With respect to vessels delivered by the shipbuilder on or after January 1, 1946, and before January 1, 1960, depreciation under sections 215, 502 (g), 507, 510(d), 607 (b), 611 (c), 705, 714, and 1107 (4) 52 Stat. 954. of the Merchant Marine Act, 1936, shall be taken (unless a contract which is in effect on January 1, 1960, otherwise provides) for the 1152, 1157,116, period prior to January 1, 1960, at the rate provided by the Merchant 1177, 1181, 1195, Marine Act, 1936, as it existed immediately prior to the amendments 1204, 1277. made by this Act, and for the period after January 1, 1960, such de- 49 Stat. 1985. preciation shall be taken on the basis of the remaining years of a use- 46 USC 1245. ful life of twenty-five years unless the vessel is reconstructed or reconditioned in which event such depreciation, from the time of such reconstruction or reconditioning, shall be taken on the basis of the remaining years of a useful life of the vessel determined jointly by the Secretary of Commerce and the Secretary of the Treasury. (c) Any contract (including but not limited to mortgage insurance contracts), commitment to insure a mortgage under title XI of the Merchant Marine Act, 1936, or mortgage, between any person and the 52 Stat. 969. United States or any agency thereof, or any mortgage insurance 46 USC 1271 1279. 74 STAT. 217. contract under title XI, which was entered into prior to the date of enactment of this Act and which would be affected if the provisions of the amendments made by this Act were applicable thereto, may, at the request of such person agreed to by any third parties in interest, or at the request of the mortgagor agreed to by the mortgagee in the case of such a mortgage insurance contract, made within one hundred and eighty days after such date of enactment to the agency of the United States holding such contract, be revised to be in accordance with the law as amended by this Act, with respect to such of the vessels covered thereby as may be designated by the applicant. Any such revision shall provide with respect to the amendments to sections 215, 502(g), 507, 510(d), 607 (b), 611 (c), 705, 714, and 1107 (4) of the Merchant Marine Act, 1936, that depreciation for the period prior to January 1, 1960, shall be taken at the rate provided by the Merchant Marine Act, 1936, prior to the amendments made by this Act, and that the remaining depreciation shall be taken for the period beginning January 1, 1960, on the basis of the remaining years of a useful life of twenty-five years, unless the vessel has been reconstructed or reconditioned, in which event such depreciation from the time of such reconstruction or reconditioning shall be taken on the basis of the remaining years of a useful life of the vessel determined jointly by the Secretary of Commerce and the Secretary of the Treasury. Any such revision shall provide with respect to any remaining unpaid debts that such unpaid debts shall be paid in equal annual installments over the remaining years of a useful life of twenty-five years. SEC. 9. Nothing in any amendment made by this Act shall operate or be interpreted to change from twenty to twenty-five years the 49 Stat. 1267. provisions of the Merchant Marine Act, 1936, as amended, relating to the commercial expectancy or period of depreciation of any tanker or other liquid bulk carrier. 46 USC 1245. Approved June 12, 1960. 86th Congress, H. R. 10840 AN ACT To amend Public Law 85-626 relating to dual rate contract agreements. 74 STAT. 253. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 2 of Dual rate the Act entitled "To amend the Shipping Act, 1916", approved August contract agree12, 1958 (72 Stat. 574), is amended by striking out "1960" and insert-ments. ing in lieu thereof "1961". Approved June 29, 1960. 46 USC 812 Public Law 86-554 86th Congress, S. 3106 June 30, 1960 AN ACT 74 STAT. 258. To change the title of the Assistant Director of the Coast and Geodetic Survey. Be it enacted by the Senate and House of Representatives of the 33 USC 852b. United States of America in Congress assembled, That section 8 of Coast and the Act of January 19, 1942 (56 Stat. 8), as amended, is further Geodetic Survey. amended by striking the words "Assistant Director" wherever they "Deputy Director.' appear and substituting in lieu thereof the words "Deputy Director". SEC. 2. All laws and orders relating or referring to the Assistant Director of the Coast and Geodetic Survey shall be deemed to relate or refer to the Deputy Director of the Coast and Geodetic Survey. Approved June 30, 1960. 86th Congress, S. 3019 AN ACT 74 STAT. 259. To provide for certain pilotage requirements in the navigation of United States waters of the Great Lakes, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may Great Lakes be cited as the "Great Lakes Pilotage Act of 1960." SEC. 2. As used in this Act: Pilotage Act of 1960. (a) “Great Lakes" means Lakes Superior, Michigan, Huron, Erie, Definitions. and Ontario, their connecting and tributary waters, the Saint Law rence River as far east as Saint Regis, and adjacent port areas. (b) "Secretary" means the Secretary of Commerce. (c) "United States registered pilot" means a person, other than a member of the regular complement of a vessel, who holds an unlimited master's license authorizing navigation on the Great Lakes and suitably endorsed for pilotage on routes specified therein, issued by the head of the Department in which the Coast Guard is operating under regulations issued by him, and is registered by the Secretary as provided in section 4 of this Act. (d) “Canadian registered pilot" means a person, other than a member of the regular complement of a vessel, who holds a master's certificate or equivalent license authorizing navigation on the Great Lakes and pilotage on routes specified therein, issued by the appropriate agency of Canada, and is registered by a designated agency of Canada on substantially the same basis as registration by the Secretary under the provisions of section 4 of this Act. (e) "Other officer" means the master or any other member of the regular complement of the vessel concerned who is qualified for the navigation of the Great Lakes waters described in section 3 (b) of this Act and who is either licensed by the head of the Department in which the Coast Guard is operating under regulations issued by him or certificated by an appropriate agency of Canada. (f) "Foreign vessels" means all foreign merchant vessels except Canadian vessels whose operations are exclusively upon the Great Lakes or between ports in the Great Lakes and the St. Lawrence River, or whose operations while predominately as aforesaid fail of being exclusively so only because of an occasional voyage to a port or ports in the maritime provinces of Canada in the Canadian coastal trade. SEC. 3. (a) The President shall designate and by proclamation an- Registered pinounce those United States waters of the Great Lakes in which regis- lot, designatered vessels of the United States and foreign vessels shall be required to have in their service a United States registered pilot or a Canadian registered pilot for the waters concerned, who shall, subject to the customary authority of the master, direct the navigation of the vessel in those waters. These designations shall be made with due regard to the public interest, the effective utilization of navigable waters, marine safety, and the foreign relations of the United States. tion. (b) In those United States waters of the Great Lakes which are not Foreign vesdesignated by the President in accordance with paragraph (a) of this sels, opersection, there shall be on board registered vessels of the United States ation. and foreign vessels, a United States registered pilot or Canadian registered pilot or other officer qualified for the waters concerned who shall be available to direct the navigation of the vessel in such undesignated waters at the discretion of and subject to the customary authority of the master. (c) The authority extended in paragraphs (a) and (b) of this Canadian vessection to Canadian registered pilots or to other officers certificated sels, oper ation. |