...under the laws of the United States for not less than twenty years, or so long as there remains due the United* States any principal or interest on account...shall also comply with all the provisions of section 9 of the Merchant Marine Act, 1920." SBC. 13. Section 504 of the Merchant Marine Act, 1936, is hereby...

...under the laws of the United States for not less than twenty years, or so long as there remains due the United States any principal or interest on account...longer period. At the time of delivery of the vessel tRc applicant shall execute and deliver a first preferred mortgage to the I'nited States to secure...

...deleting what follows: • • • or so Ion« ns then- remains due the United Statt* any |irin«-¡i*l or interest on account of the purchase price, whichever is the longer period. At this time. 1 wish to comment briefly on certain testimony ^ was offered liefore the committee ¡it...

...the laws of the United States for not less than twenty years, [and] or so long as there remains due the United States any principal or interest on account of the purchase price, whichever [shall be] is the longer period. At the time of delivery of the vessel the applicant shall execute...

...under the laws of the United States for not less than twenty years, or so long as there remains due the United States any principal or interest on account...shall also comply with all the provisions of section 9 of the Merchant Marine Act, 1920. SEC. 504. Where an eligible applicant under the terms of this title...

...applicant and the Commission. At the lime of the delivery of a vessel the applicant is required to execute and deliver a first preferred mortgage to...from the applicant in respect to said vessel. The section also contains the following provision : "The purchaser shall also comply with all the provisions...

...so long as there remains due the United States any principal or interest on account of the purchaser price, whichever is the longer period. At the time of delivery of the vessel the purchaser shall execute and deliver a first-preferred mortgage to the United States to secure payment...

...of this title." SEC. 7. The third sentence of section 503 of such Act is amended to read as follows: "At the time of delivery of the vessel the applicant...due from the applicant in respect to said vessel: Pitmdrd. That, notwithstanding any other provision of law. the payment of sums due tinder a contract...

...this title." SEC. 7. The third sentence of section .">03 of such Act is amended to read as follows: "At the time of delivery of the vessel the applicant...due from the applicant in respect to said vessel: Proridcd, That notwithstanding any other provision of law the payment of sums due under a contract...

...SEC. 3. Section 503 of such Act Is amended by ( 1 ) amending the third sentence t'> reail as follows : "At the time of delivery of the vessel the applicant...sums due from the applicant in respect to said vessel : I'roridefl-, That, notwithstanding any other provisions of law, the payment of any sums due in respect...