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Considers effect of ocean freight rates on U.S. balance of payments.
Considers H.R. 9172, H.R. 10644, and five identical bills, to amend Merchant Marine Act of 1936 to remove certain limitations on construction differential subsidies paid to domestic shipbuilders. Includes, "A Legislative History of Shipbuilding Subsidies Under the Merchant Marine Act, 1936," by Committee of American Steamship Lines, June, 1959 (p. 47-94)