American President Lines, Ltd. v. Federal Maritime Board

MORRIS, District Judge.

This is a proceeding in which the plaintiff American President Lines, Ltd., a subsidized shipping operator, seeks a declaratory judgment against the Federal Maritime Board and its individual members. The plaintiff asks this Court to rule that an earlier definition, as set forth in General Order 31, rather than a later definition, as set forth in General Order 71, of the statutory term “capital necessarily employed in his business”, 46 U.S.C.A. § 1177, must be used by the Government in computing the net amount of subsidy accruing to the plaintiff for the period January…