Secretary to construct other auxiliary naval air bases in such vicinities. as he may deem advisable. The following table indicates the locations and amounts authorized for the additional aviation bases authorized by the present bill: Naval Air Station, Norfolk, Va.: Additional aviation facilities, Naval Air Station, San Juan. P. R.: Additional aviation facilities, Naval Air Station, Seattle, Wash.: Additional aviation facilities, Naval Air Station, Kaneohe Bay (Oahu), Hawaii: Additional avia- Naval Air Station, Midway Island: Additional aviation facilities, including buildings and accessories Naval Air Station, Wake Island: Additional aviation facilities, including buildings and accessories. Naval Air Station, Johnston Island: Additional aviation facilities, Naval Air Station, Quonset Point, R. I.: Aviation facilities, includ- Naval Air Station, Guantanamo, Cuba: Additional aviation facili- Marine aviation facilities, Charlotte Amalie, V. I.: Additional Naval Air Station, Canton Island: Aviation facilities, including Naval Air Station, Tongue Point, Oreg.: Additional aviation facilities, including buildings and accessories.. Naval Air Station, Corpus Christi, Tex.: Aviation training facilities, including buildings and accessories and purchase of land.. Additional Naval Reserve aviation bases.. Additional auxiliary naval air bases....... Total---- $13, 246, 000 2, 330,000 12, 690, 000 4, 670, 000 2, 012, 000 5, 807, 000 578, 000 1, 870, 000 5, 582, 000 460, 000 24, 204, 000 2,326, 000 2, 886, 000 1, 510, 000 5, 637, 000 6, 861, 000 2,963, 000 1, 500, 000 2, 000, 000 25, 000, 000 10, 000, 000 10, 000, 000 144, 132, 000 The sums authorized to be expended by this section of the bill are in addition to all authorizations heretofore made for projects in these vicinities. This section also provides that the approximate cost indicated for each project may, in the discretion of the Secretary of the Navy, be varied upward or downward by an amount not to exceed 25 percent of the approximate cost indicated, but that the total cost shall not exceed $144,132,000. Section 3 authorizes to be appropriated, out of any money in the Treasury of the United States not otherwise appropriated, such sums as may be necessary to effectuate the purposes of this act. SECTION 4 Section 4 of the act approved April 25, 1939, authorized the Secretary of the Navy to enter into contracts upon a cost-plus-a-fixed-fee basis for the construction of the air bases authorized by the same act and which are located outside the continental limits of the United States. Acting on this authority, the Department awarded three such contracts, one for five bases in the western Pacific, one for two Alaskan bases, and one for the base at San Juan. The contracts are dated August 5, August 29, and October 30, 1939, respectively, and the amounts involved are approximately $15,000,000, $12,000,000, and $8,000,000. The hearings on the bill, H. R. 8026, indicated that the performance of this work under fee contracts would result in much greater speed of construction at an appreciably lower cost than if the work were done in the usual manner by competitive bidding. Experiences to date justify this conclusion. The work at all bases is now well advanced, and in the case of the western Pacific bases, it is anticipated that the stations will be substantially completed and ready for use about 1 year in advance of the contract date for completion. In order to obtain the advantages of existing organizations and procedures for construction work amounting to about $4,000,000 in immediate project in Hawaii to the end that it could be completed with certainty, speed, and economy, the committee added a section to H. R. 8026 which authorized the additional projects to be undertaken on a cost-plus-a-fixed-fee basis. The committee amendment to that bill limited the fee to 6 percent of the estimated cost, exclusive of the amount of the fee and provided that the fee under any contract hereafter made be limited to 6 percent instead of 10 percent as originally authorized. Section 4 of the present bill follows the procedure outlined in the act approved April 23, 1939, and the bill H. R. 8026 and provides that the aviation facilities authorized by the present bill may be constructed on a cost-plus-a-fixed-fee basis. The fixed fee is limited to 6 percent of the estimated cost of the contract, exclusive of the fee. SECTION 5 This section gives authority to the Secretary of the Navy to continue the employment of temporary employees, mostly technical, in the Bureau of Yards and Docks who have been employed for several years under W. P. A. and P. W. A. acts. The provision is the same as that contained in section 6 of the act approved June 2, 1939, Public, No. 106, Seventy-sixth Congress, authorizing the construction of certain public works. To avoid the expense of training new men, it is desirable that these temporary employees be continued for the work contemplated by this bill. SECTION 6 This section gives the authority to the Secretary of the Navy to proceed with the construction of certain public works projects which require legislative authorization and for which it is proposed to appropriate funds in the pending Naval Appropriation Act, H. R. 8438, under Title II, Emergency Naval Defense Appropriations. о Mr. BYRNES, from the Committee on Banking and Currency, submitted the following REPORT [To accompany S. 3998] The Committee on Banking and Currency, to whom was referred the bill (S. 3998) to increase the credit resources of Commodity Credit Corporation, having considered the same, report favorably thereon without amendment and recommend that the bill do pass. By the act of March 4, 1939 (53 Stat. 510), the aggregate amount of bonds, notes, and other similar obligations which the Commodity Credit Corporation, with the approval of the Secretary of the Treasury, is authorized to issue and have outstanding at any one time was fixed at $900,000,000. The bill provides for increasing this limitation from $900,000,000 to $1,400,000,000. Mr. BYRNES, from the Committee on Banking and Currency, submitted the following REPORT [To accompany S. 2568] The Committee on Banking and Currency, to whom was referred the bill (S. 2568) to amend the Federal Credit Union Act (June 26, 1934, ch. 750, par. 1, 48 Stat. 1216, sec. 1761), having considered the same, report favorably thereon with amendments and recommend that the bill as amended do pass. Section 11 (d) of the Federal Credit Union Act now provides that no loan in excess of $50 shall be made without adequate security and no loan shall be made to any member in excess of $200 or 10 percent of the Federal Credit Union's paid-in and unimpaired capital and surplus, whichever is greater. As introduced, the bill provided for increasing the maximum limitation upon loans without adequate security to $300. The bill as reported reduces the maximum limitation from $300 to $100, and it has the effect of increasing by $50 the limitation provided in existing law. о |