Committee Serial No. 88-4. Considers legislation on exemption of Guam from U.S. coastwise shipping laws, exemption of certain existing terminal leases from Shipping Act penalty provisions, and admission of the bulk carrier Spitfire to U.S. registry.

Considers (88) H.R. 2457, (88) H.R. 7028, (88) H.R. 7081, (88) H.R. 7104, (88) H.R. 8177, (88) H.R. 8926, (88) H.R. 9153, (88) H.R. 9715, (88) S. 2317, (88) H.R. 7148.

Considers. H.R. 29 and related H.R. 3296, to amend the Merchant Marine Act to authorize appointments and nominations of territorial citizens to the Merchant Marine Academy. H.R. 3157, to amend the Merchant Marine Act to authorize the Commerce Dept to accept gifts and bequests for the Merchant Marine Academy. H.R. 2308 and numerous related bills, to revise shipbuilding subsidy payment procedures and mortgage eligibility requirement.

Considers legislation to authorize investment of the war risk insurance fund in securities, alter time restrictions for registration of certain U.S.-flag commercial vessels returning from reconstruction or conversion in foreign ports, and exclude lumber cargoes from tariff filling requirements.