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094390 1 (1979-02-26)

handle is hein.gao/gaobadxjz0001 and id is 1 raw text is: 











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094390


United States General Accounting Office
       Washington, D.C. 20548
                         FOR RELEASE ON DELIVERY
                         Expected at,9:00 a.m.
                         February 26, 1979


                 Statement of

                 Elmer B. Staats

     Comptroller General of the United States

                  before the

           Subcommittee on Panama Canal

                    of the

House Committee on Merchant Marine and Fisheries


    (;7egislation to Implement the Panama Canal Treaty
Mr. Chairman and Members of the Subcommittee:

     We appreciate this opportunity to discuss the recently

introduced legislation for implementation of the Panama Canal

Treaty. A little over a year ago when we testified before

the Senate Armed Services Committee, we stated that the

treaty-implementing legislation would be the key determinant

of the financial viability of the Panama Canal Commission.

This is still our view and we, therefore, are gratified

that most of our previously expressed concerns have been

addressed either in the Senate resolution of ratification

or the proposed legislation.

                                  ji: L7'HrV


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