The Orlando Sentinel from Orlando, Florida • Page 2

2 A WrlauJw griitiitrl Sunday, July 2, 1972 Nixon Okays Ship Building Subsidy THE HUGE tankers are for MFC First National Boston a new Boston company associated with Maritime Fruit Carriers. National Steel and Shipbuilding San Diego, will build three-87, 000-ton tankers for Aeron Marine Shipping lake Success, N.Y. They will cost $83.6 million. Todd Shipyards at San Pedro, will buiid four oil tankers for Sea Service Tankers, of New York at a cost of $79.4 million. SEATRAIN LINES, has ordered three tankers from Scatraln Brooklyn, N.Y., to be built at a cost of $171.9 million.

Three roll-on, roll-off freighters to be built by Bath Iron Works Bath, Maine, for States Steamship Co. of San Francisco, operators of dry cargo ships In the Pacific, to cost $114.1 million. The government subsidy on the contracts totals $284 million, Secretary of Commerce Peter G. Peterson said at a White House briefing. MR.

NIXON SAID the contracts give "clear and heartening evidence" that the U.S. shipbuilding industry will meet his challenge to revitalize the American merchant marine, get it into competitive position with foreign shippers and to do the rebuilding of our merchant fleet "at reasonable cost." Mr. Nixon met with ship owners and builders, union representatives and top administration maritime officials In his White House office prior to the announcement of the contracts, which were signed throughout the deadline day (Friday) beginning at 3 p.m. and ending with the final signature at 7:30 p.m. Peterson and officials were asked why the contracts were signed under the 43 per cent subsidy level rather than under the new and less costly 41 per cent rate.

PETERSON SAID incentive was the big factor in getting this many shipbuilders to move toward contracts before the deadline. He said it was "quite possible that without the incentive some of these ships would not have been built." Other officials said the subsidies, provided under the Merchant Marine Act of 1970, make it possible for U.S. shipowners to buy American ships at prices that are competitive with what they might have to pay in other such shipbuilding nations as Japan, Germany or Holland. Mr. Nixon said that, including previous contracts, a total of $1.1 billion for new or modernized merchant ships has been allocated in the past two years.

The government is bearing $479 million of the over-all total cost in subsidies, he said. WASHINGTON tfi President Nixon Saturday announced award of nearly JHOO million In contracts for the building of IB advanced-design mer chant ships in six American shipyards. The contracts Involve the building of some of the largest-type van freighters and modern tankers ever ordered In the United States, Mr. Nixon said. THE CONTRACTS were signed 1'riday night, just under the wire for a deadline allowing the ship builders a 43-pcr-cent subsidy.

After June 30, the subsidy drops to 41 per cent. In a statement, the President said the new program for the nation's merchant marine is designed to "restore our merchant fleet to a vigorous competitive position on the high seas, and to restore employment and profit In our shipping and shipbuilding industries at home." COMMERCE DEPARTMENT officials said the shipbuilding contracts will mean 36,000 jobs for ship workers and another 800 jobs on the ships during the next three years. The six shipyards that will get the job of building the ships are: Bethlehem Steel's yard at Sparrows Point, where three tankers will be built at a total cost of $210.2 million. The three ships will be the largest ever constructed in the United States. I vyr rj VMk; ytfVtlHn If' Mr i fW V.

vJti? Vh'fs tf ft iv Ik ld 4 ME 'di Fischer Asks Two-Day Delay Due To Fatigue I'roiii l'iitfo 1 ACCORDING TO THE rules, a player Is allowed postponement of three gumes If he cun show a medical certificate, Fischer, however, does not believe In doctors, nor, according to Davin, does he approve of the official position of the Icelandic Chess Federation. Davis proposed that Fischer make an appearance today in a ceremony with Spassky to make the drawing for the first game that Is, to flip a coin to see who would have white pieces, which would give the player advantage of initiative. If the Russians agree to this, Davis said, the U. S. delegation was prepared to offer the Russians an extra medical postponement.

SOME OBSERVERS are calling Fischer's action part of a battle in a continuing war of nerves on Fischer's part. But Spassky appeared in good spirits Saturday. He was seen at lunch laughing and joking, and appeared entirely relaxed. The nonappearance of Fischer at the inaugural ceremony Saturday night at the national theater is causing a good deal of local indignation. An elaborate ceremony had been planned.

Originally the president of Iceland was scheduled to make a speech, followed by the lord mayor of Reykjavik, the Russian ambassador, the American charge d'affaires, and other notables. Much of this will still go on, although the president, who. is expected to be in the audience, will not speak. NEGOTIATIONS ARE continuing between Davis and Icelandic Chess Federation about the 30 per cent share of the gate receipts that Fischer is demanding. The stage of the Exhibition Hall where the match is scheduled to take place is ready, and seats in the auditorium are being placed into position.

A trio of Iceland's finest artisans designed a heavy mahogany table for the occasion. It weighs about 300 pounds, its squares for the chessmen are marble inlays and there are two small matching side tables for players to use for refreshment. After the match the table is to go to a museum. Set up on the squares, all ready to go, are the 32 pieces of a John Jacques Son chess set. These pieces, flown in from are hand carved, lead-weighted, and cost about $300.

Congress Takes Holiday Break Leaving Key Tasks Unfinished Asset Or Liability? Open wide, wider, widest. Seven year-old lion Zaxnba lets out roar Saturday at bank opening in Costa Mesa, Calif. He was on hand to welcome guests and prospective patrons. Bank officials hoped he was more of an asset than liability. (UPI) not only to the work logjam but also to the likelihood there will be unusual political overtones in the remainder of the session, especially if the Democratic presidential nominee is a senator.

OF PRESIDENT Nixon's key domestic recommendations, the one with the best chance of passage is the $5-billion revenue-sharing bill. It has passed the House and received a friendly reception in the Senate Finance Committee. But prospects are highly uncertain for welfare reform which the President has called his most important domestic proposal. THE FINANCE Committee has been considering the welfare reform bill for a year and has rejected the new plan for welfare families proposed by Nixon. The committee is about ready to send its version to the floor but some members feel that, with time pressing, the bill simply will be dropped.

They point out that up to five weeks of debate have been predicted for it. WASHINGTON (J) Congress has left a big pile of work, including many of President Nixon's key recommendations, to consider when it comes back July 17 from a two-week recess. The legislators completed six months of the 1972 session Friday with a meager record of accomplishment. THE RECESS over the Fourth of July holiday and the Democratic National Convention is going to put Congress even further behind. Sen.

Robert C. Byrd, (D-W. the assistant Senate majority leader, told his colleagues in a memo what to expect when the recess ends. Senators, he said, must plan on long sessions six days a week including Saturdays. "A VERY heavy, tough and controversial work load confronts the Senate starting July 17," he said, adding: "The political radar shows stormy weather ahead; much turbulence; fasten your seat belts." Byrd might have been referring Nixon Okays GI Disability Raise WASHINGTON (UPI) -President law also will eliminate the long-Nixon Saturday signed legislation standing istinction between President Signs 20 Pet.

Hike In Social Security From Pag 1 major breakthrough for older Americans" by providing a hedge against inflation, which he says he has long urged. MR. NIXON SIGNED a batch of more than 16 bills before his departure, several of them directed to providing disaster relief and additional benefits for vetrans. He also approved bills to: Provide up to 13 extra weeks of unemployment compensation for workers who have exhausted their benefits. It particularly affects states where unemployment remains high.

The extension remains until Dec. 31, 1972. Provide an additional $200 mil-Jion for disaster relief which will principally aid areas of five Eastern states hit by Agnes New York, Pennsylvania, Maryland, Virginia and Florida. Mr. Nixon had sought to head off the 20 per cent Social Security rider, attached under the sponsorship of Sen.

Frank Church, D-Idaho. Republicans wanted to cut the increase to 10 per cent and accused Democrats of playing politics. But it passed by 82-4 in the Senate and 302-35 in the House. Mr. Nixon said that the measure was not fully funded and imposes considerable additional tax burdens on all wage-earners.

providing an immediate 10 per cent peacetime and wartime veterans. The different classifications began increase in monthly compensation payments to about 2 million military veterans with service connected disabilities. The increases will cost $260 million in the first full year and be included in checks delivered starting Aug. 1. And beginning next July 1, the new between World Wars I and II and were carried over between Korea and the Vietnam era.

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