B-129087, SEP. 3, 1957
Highlights
KNAPP AND SMITH: FURTHER REFERENCE IS MADE TO YOUR LETTER OF APRIL 15. WE HAVE BEEN ADVISED BY THE ACTING ASSISTANT ATTORNEY GENERAL. IT IS OUR UNDERSTANDING THAT THE PAYMENT OF THIS AMOUNT BY YOUR CLIENT WILL HAVE THE EFFECT OF SATISFYING OUR CLAIM FOR OVERPAYMENT IN TRANSPORTATION CHARGES AND WILL ALSO RESULT IN THE REDUCTION TO ZERO OF A CLAIM FOR EXCESS PROFITS EARNED BY PRUDENTIAL STEAMSHIP CORPORATION DURING THE FISCAL YEAR 1951. WE HAVE NOTIFIED THE RENEGOTIATION BOARD OF THE ACCEPTANCE BY THE ATTORNEY GENERAL OF THE OFFER IN COMPROMISE SO THAT THEIR RECORDS CAN BE ADJUSTED ACCORDINGLY.
B-129087, SEP. 3, 1957
TO ROOT, BARRETT, COHEN, KNAPP AND SMITH:
FURTHER REFERENCE IS MADE TO YOUR LETTER OF APRIL 15, 1957, RELATIVE TO THE COMPROMISE OFFER OF $75,000 IN LIQUIDATION OF AN OVERPAYMENT IN TRANSPORTATION CHARGES IN THE AMOUNT OF $107,557.28 MADE TO THE PRUDENTIAL STEAMSHIP CORPORATION IN MAY 1951.
BY LETTER DATED AUGUST 27, 1957, WE HAVE BEEN ADVISED BY THE ACTING ASSISTANT ATTORNEY GENERAL, CIVIL DIVISION, DEPARTMENT OF JUSTICE, THAT THE OFFER OF THE PRUDENTIAL STEAMSHIP CORPORATION HAS BEEN ACCEPTED. STATED IN YOUR LETTER OF APRIL 15, 1957, IT IS OUR UNDERSTANDING THAT THE PAYMENT OF THIS AMOUNT BY YOUR CLIENT WILL HAVE THE EFFECT OF SATISFYING OUR CLAIM FOR OVERPAYMENT IN TRANSPORTATION CHARGES AND WILL ALSO RESULT IN THE REDUCTION TO ZERO OF A CLAIM FOR EXCESS PROFITS EARNED BY PRUDENTIAL STEAMSHIP CORPORATION DURING THE FISCAL YEAR 1951, AS DETERMINED BY THE RENEGOTIATION BOARD. WE HAVE NOTIFIED THE RENEGOTIATION BOARD OF THE ACCEPTANCE BY THE ATTORNEY GENERAL OF THE OFFER IN COMPROMISE SO THAT THEIR RECORDS CAN BE ADJUSTED ACCORDINGLY.
THE CORPORATION'S REMITTANCES IN PAYMENT OF THE $75,000, TO BE MADE IN NINE EQUAL MONTHLY INSTALLMENTS OVER A PERIOD OF NINE MONTHS, SHOULD BE MADE BY CHECK PAYABLE TO THE TREASURER OF THE UNITED STATES, AND SHOULD BE MAILED TO THE DIRECTOR, TRANSPORTATION DIVISION, U.S. GENERAL ACCOUNTING OFFICE, WASHINGTON, D.C. ..END :