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Show oo I NEW SALES PLAN FOR j U. S. STEEL CARGO SHIPS ! WASHINGTON, May 21. Sales of steel cargo vessels by the shipping' board has been temporarily suspended pending completion of a new sales plan recommendod by Eugene Mayer Jr., chairman of a committee of business busi-ness men appointed by Chairman Benson to suggest the best means fori disposing of the board's vessels. Terma of sales recommended by Mr. Meyer call for ten per cent cash on delivery of tho ship, with payments at tho rato of five per cent semi-annually for three years, tho balanco to bo payablo In 12 equal Installments. During Dur-ing the course of payment for vessels j purchased under these terms, oaun-Ings oaun-Ings abovo an adequate return on the capital invested by tho purchasers would bo applied on the purohase price. Interest would bo at the rato of six per cent yearly and title would remain In tho board until most of the purchase price had been paid. |