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Page:United States Statutes at Large Volume 61 Part 1.djvu/605

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61 STAT.] SOTH CONG. , 1 ST SESS.-CH. 358-JULY 30, 1947 in connection with the acquisition, operation, maintenance, improve- ment, protection, or disposition of real or personal property belonging to the Corporation or in which it has an interest: Provided, That Restriction. no other funds shall be available for administrative expenses of the Corporation: Provided further, That of the funds available to the Corporation for administrative expenses, not to exceed $29,000 shall be available for payment to the Farm Credit Administration for supervisory or other services rendered. DEPARTMENT OF COMMERCE Inland Waterways Corporation: Not to exceed $418,100 shall be available for administrative expenses, to be determined in the manner set forth under the title "General expenses" in the Uniform System of Accounts for Carriers by Water of the Interstate Commerce Com- mission (effective January 1, 1942), with the exception that the cost of the audit as required by Public Law 248, Seventy-ninth Congress, shall be deemed a nonadministrative expense for the purpose hereof, including not to exceed $1,200 for penalty mail: Provided, That no funds shall be used to pay compensation of employees normally sub- ject to the Classification Act of 1923, as amended, at rates in excess of rates fixed for similar services under the provisions of the Classifica- tion Act, as amended, nor to pay the compensation of vessel employees and such terminal and other employees as are not covered by the Classification Act, at rates in excess of rates prevailing in the river transportation industry in the area. Warrior River Terminal Company: Not to exceed $20,100 shall be available for administrative expenses, to be determined in the manner set forth under the title "Operating expense accounts-general" in the Uniform System of Accounts for Steam Railroads of the Inter- state Commerce Commission (issue of 1943) with the exception that the cost of the audit as required by Public Law 248, Seventy-ninth Congress, shall be deemed a nonadministrative expense for the purpose hereof: Provided, That, in the event of dissolution of the Company and/or the transfer of its assets to the Inland Waterways Corporation, the funds provided herein shall be transferred and merged with the administrative expenses of the Inland Waterways Corporation for the operation of its facilities. DEPARTMENT OF THE INTERIOR Virgin Islands Company: Not to exceed $20,000 (to be computed on an accrual basis) of the funds of the Company shall be available during the fiscal year 1948 for its administrative expenses which shall be determined in accordance with the Company's prescribed accounting system in effect on July 1, 1946, and shall be exclusive of depreciation, interest expense, payment of claims, contribution to the local govern- ment in lieu of taxes, expenditures which the Company's prescribed accounting system requires to be capitalized or charged to commodities produced or acquired and expenses in connection with acquisition, construction, operation, maintenance, improvement, protection or dis- position of facilities and other property belonging to the Company or in which it has an interest. The Virgin Islands Company is authorized to borrow from the Treasury of the United States, for the purpose of carrying out any of the programs of the Company set forth in the budget for the fiscal year 1948, sums of money not to exceed a total of $250,000: Provided, That none of the funds borrowed under this authority shall be available 59 Stat. 597. 31U.S.C.§811 et seq. Post, p. 884. Pay rates. 42 Stat. 1488. 6U.S.C.§i661- 674. 59 Stat. 597 . 31U.S.C.§841 et seq. Post, p. 584 . Merger of funds. 581