Domestic Offshore Shipping: Hearings Before the Merchant Marine and Fisheries Subcommittee of the Committee on Interstate and Foreign Commerce, United States Senate, Eighty-seventh Congress, First Session, on the Problems of the Noncontiguous Areas Shipping Industry and to the Economic Impact on the Offshore Areas Served ...

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U.S. Government Printing Office, 1962 - 341 páginas

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Página 144 - It is not theory but the impact of the rate order which counts. If the total effect of the rate order cannot be said to be unjust and unreasonable, judicial inquiry under the act is at an end.
Página 128 - Moreover, the Commission's order does not become suspect by reason of the fact that it is challenged. It is the product of expert judgment which carries a presumption of validity. And he who would upset the rate order under the Act carries the heavy burden of making a convincing showing that it is invalid because it is unjust and unreasonable in its consequences.
Página 94 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Página 78 - The earnings of any contractor receiving an operating-differential subsidy under authority of this Act, which are deposited in the contractor's reserve funds as provided in this section, except earnings withdrawn from the special reserve funds and paid into the contractor's general funds or distributed as dividends or bonuses as provided in paragraph 4 of subsection (c) of this section, shall be exempt from all Federal taxes. Earnings withdrawn from such special reserve fund shall be taxable as if...
Página 84 - Asia region it is 375. The ratio of rural population to units of arable land is the highest, being more than double the world average, while the average yield from land is low. Not all countries in the...
Página 138 - no gain or loss shall be recognized if property held for productive use in trade or business is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.
Página 125 - The heart of the matter is that rates cannot be made to depend upon "fair value" when the value of the going enterprise depends on earnings under whatever rates may be anticipated.
Página 133 - ... the Federal Communications Commission, is bound by and has not complied with the stipulation to which it was a party and which this Court approved in American Tel. & Tel. Co. v. United States, 299 US 232, 240, 241.
Página 82 - Exceptions and proposed findings not discussed in this report nor reflected in our findings have been considered and found not justified by the facts or not related to material issues in this proceeding.
Página 278 - I am very grateful for the opportunity of appearing before this committee to contribute my ideas of things which should be considered in preparing a Jong-range farm program.

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