[No. 84] TO AUTHORIZE AN INCREASE IN THE LIMIT OF COST OF ONE FLEET SUBMARINE (H. R. 16507) SM1/L10-3(28) (270120) L. NAVY DEPARTMENT, Washington, January 24, 1927. The SPEAKER OF THE HOUSE OF REPRESENTATIVES, Washington, D. C. MY DEAR MR. SPEAKER: I have the honor to transmit herewith a proposed draft of a bill to authorize an increase in the limit of cost of one fleet submarine. Submarine V-4 is under construction at the Portsmouth Navy Yard, using engines being built at the New York Navy Yard. The limit of cost heretofore fixed by Congress for the hull and machinery of this vessel is $5,300,000. In the hearings on the naval appropriation bill before the subcommittee of the Appropriations Committee of the House, the subcommittee was informed that reports received from the New York yard were to the effect that the cost of the engines for the V-4 would materially exceed the estimate and it was suggested that consideration be given to increasing the limit of cost on the vessel to $5,600,000. The naval appropriation bill as passed by the House provided for an increase in the limit of cost on the V-4 from $5,300,000 to $5,600,000 and this provision is included in the bill as reported by the Senate Committee on Appropriations, under date of January 17, 1927. It was the department's understanding that the Portsmouth Navy Yard would be able to complete the portion of the work being undertaken at that yard within the estimate submitted, but the department is just in receipt of a report from the Portsmouth Navy Yard that the estimate of that yard will also be exceeded. The latest estimate submitted by the two yards indicate that the total cost of hull and machinery of the V-4 will be approximately $6,150,000, with no allowance for unforeseen contingencies that might increase the cost. At the estimated rate of progress, the expenditures will reach a total of $5,600,000 before the next session of Congress. The Navy Department recommends that the limit of cost on this vessel be further increased to $6,300,000, in order that the necessary authority may be available to proceed with such expenditures as may be required for the completion of the vessel. This proposed legislation was referred to the Director of the Bureau of the Budget with the above information, and on January 20, 1927, he advised that this proposed legislation would not be in conflict with the financial program of the President. Sincerely yours, CURTIS D. WILBUR, A BILL To increase the limit of cost on one fleet submarine Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the limitation imposed in the Navy Department and naval service appropriation act, fiscal year 1925, on construction and machinery expenditures on account of one fleet submarine (mine-laying type) is increased to $6,300,000. О [No. 85] TABLES GIVING THE NUMBER OF SHIPS LAID DOWN AND AUTHORIZED BY EACH OF THE NATIONS SIGNATORY TO THE TREATY LIMITING NAVAL ARMAMENT BETWEEN JANUARY 1, 1919, AND FEBRUARY 6, 1922 NAVY DEPARTMENT, OFFICE OF NAVAL OPERATIONS, Memorandum for Chairman Butler, Committee on Naval Affairs, In reply to your request of January 10, 1927, there are forwarded herewith two tables, giving the number of ships laid down and the number of ships authorized by each of the nations signatory to the treaty limiting naval armament, between January 1, 1919, and February 6, 1922, the latter date being the date of the signing of the treaty in Washington. E. W. EBERLE. Combatant vessels of treaty navies laid down (keel laid) between January 1, 1919, and February 6, 1922 |