OF THE S. Congra House, COMMITTEE ON MERCHANT MARINE AND FISHERIES NINETY-FIFTH CONGRESS FIRST SESSION ON THE ECONOMIC AND FINANCIAL RAMIFICATIONS OF THE NOVEMBER 30, DECEMBER 1, 1977 Serial No. 95-20 Printed for the use of the Committee on Merchant Marine and Fisheries 21-738 U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1978 COMMITTEE ON MERCHANT MARINE AND FISHERIES JOHN M. MURPHY, New York, Chairman THOMAS L. ASHLEY, Ohio GERRY E. STUDDS, Massachusetts CARROLL HUBBARD, JR., Kentucky' LES AUCOIN, Oregon NORMAN E. D'AMOURS, New Hampshire PHILIP E. RUPPE, Michigan PAUL N. MCCLOSKEY, JR., California EDWIN B. FORSYTHE, New Jersey JOEL PRITCHARD, Washington ROBERT E. BAUMAN, Maryland Alexander, Clifford L., Jr., Secretary of the Army_-_ Baxter, Richard R.. professor of international law, Harvard Law Brandes, Ely M., International Research Associates, Palo Alto, Calif__ Prepared statement___ 131 Dickman, James J., president, Council of North Atlantic Shipping 253 Dolvin, Lt. Gen. W. G. (U.S. Army, retired), Deputy Negotiator, De- 97 Haar, Herbert R., Jr., Associate Port Director, Port of New Orleans_. Nachmanoff, Arnold, Deputy Assistant Secretary of Treasury for Reynolds, James J., President, American Institute of Merchant Ship- 208 Zappacosta, Frank M., Assistant Director, International Division of |