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Machine-read from the scan, so expect some errors. Lines that couldn’t be read are left out.
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After repeated postponernents, hearings before the House Independent Offices Subcomittee were begun on t h e last day of May relative to the Commission*s appropriation request for 1949. During the succeeding weeks of June the House Appropriations Committee reported and the House approved acut of $,!$3,150,000 inthe cash request of $550,000,000; the Senate Appropriations Committee and the Senate voted t o restore $20,000,000 of- the cut; and the bill reported by the conference committee, apprcved by both houses and signed by the President, compromised ata cut of $38,l5O,OOO, In place of AEC's estimated requirement of $1,836,~01, a limitation of $1,500,000 mas set on travel expense; the rider was continued i n effect F;.bich limits the specific legal restrictions were not imposed i n this request, the language of the committee reports obliges the Cormnission .to effect a sharp reduction i n its proposed expenditures for AEC Accounting System I n tho, development of a comprehensive accounting system for the Commission, basic decisiom were reached toes tz blis h two types of ledgers a t each installation. provide for accounting i n terms of appropriations, allotments, obligations, etc. The second would be a capital ledger arranged i n accordance with general industrial accounting practices, GAO representatives have expressed concurrence with t h e principles of the proposed system as set forth in a draft outline, which is undergoing further revision. The first would Accounting for town operations. - Ina May 2f3 conference with partners'and staff members of Touche, Niven, Bailey and Smart, t h e Office of the Comptroller approved plans developed for2 uniform municipal accounting system t o be used by the t o m operating contractors a t Oak Ridge, Los Alamos and Richland Village, beginning July 1. Audit of Records of SF Material During May the audit of records of SF materials mas continued inthe expectation that it rrould be completed i n June.
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A method whereby insurance companies servicing AEC contractors may be reinsured against catastrophe losses i s being sought which will not require the posting of large arnounts,of It was agreed that D r . Stafford Warren would make a - report-on the nature of the hazards a t Los Alamos, t o be used i n negotiating a group life insurance plan for the Los Alamos conIn May 220 new claims were reported and bo9 cases mere closed, bringing the total number of reported claims t o 11,216, of which 1,MO are still pending.