Transcript of 157-10005-10225.pdf
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157 -10005-10225] 2025 RELEASE UNDER THE PRESIDENT JOHN F_ KENNEDY ASSASSINATION RECORDS ACT OF 1992
Date:l0/01/93
Page:1
JFK ASSASSINATION SYSTEM
IDENTIFICATION FORM
AGENCY INFORMATION
AGENCY SSCIA
RECORD NUMBER 157-10005-10225
RECORDS SERIES
AGENCY FILE NUMBER R8g1
DOCUMENT INFORMATION
ORIGINATOR SSCIA
FROM
To
TITLE
TESTIMONY /REPORT. OF PROCEEDINGS WITH EXHIBITS
DATE 08/12/75
PAGES 90
SUBJECTS
TESTIMONY OF houstoN LAWRENCE RE: CIA AND CASTRO
EXHIBITS ARE INCLUDED
DOCUMENT TYPE PAPER TEXTUAL DOCUMENT
CLASSIFICATION T
RESTRICTIONS REFERRED
CURRENT STATUS P
DATE OF LAST REVIEW 10/01/93
OPENING CRITERIA
COMMENTS
BOX 248-02
[R] ITEM IS RESTRICTED
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7
Niarchos ship captains named Katopodes brought a libel action 8
1 2 I believe it was against Onassis for some letter he had writted
L
5 about some activities of Katapodes
0
I can t remember the
4 details now
5 We didn t know where this was leading . So this was in
the Supreme Court of New York State, and 30 I went to a fellow
I knew in the U.S . Attorney S office and asked hin if he
could keep track of how this suite was developing to see if
9 it was leading into some of the connections we had , Par-
10 ticularly with Niarchos .
11 And he got gome of the pleadings and some of the pre-
1
12 trial evidence
6
1
13 Mr Wides . But you don t recall any contacts between
14 the Agency and the Justice Department resulting in Mr _ Yeagley
15 going uP to try and halt some aspects of the grand jury
16 proceedlngs in New York growing out 4
17 Mr . Houston . It strikes no valve .
18 Mr _ Wides . Let Me ask just one more question in this
1
19 area and then We will move on to the document I asked you to
i
20 look at before we started =
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21 Mr . Maxwell _ I have just one other question_
4 22 Mr . Wides Do_mu {0gall %he Jngann3 Rilham @92 @volvi
1
23 [0ng @ha @leged Wzonggu @@@Ch @ 2 Bonuer @Q 2121na agengy
1
24
@mplexeg 1n tbailend iq tdich 42 m2g 2lleged @hag 81@ @ehz
8
25
agencY @mloxees Rithamo I believeo hed be20] a @q
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19
3
@nployee And at the time Mr . Joost and the other fellows 8
1 2 wera CIA employees of the station at Thailand in 1951 were
1
3 allegea to have been involved in disposing of Mr . Rilhan S
4 and Ghere was a serious question as to wbether one or
both of then had been involved in his deatho And then I believe
in 1955 this wab brought to the attention of the Agency through
the efforts , others , of Mr . O'Donnell
0
who was then the
station chief_ Justin 0 'Donnell who came back and raised it
with Mr _ Wiesner
0
and tben I believe it was raised with
10 Mr . Kirkpatrick and with Yurself_
11 Do you recall thaj incieent and the eventual denouement
1
12 of the affair?
6
1
13 Mr . Houstonb I cannot rememher the exact chronology _
14 I had thought Ehey had gotten the repert on the problem a
15 little earlier than You suggested _ But can : argue it.
16 Mr Wides_ Do youknow if any action Wag taken earlfer
17 than the cime in 1955 when Mr 0 Donnell fisat raised Jt with
18 Mr . Wiesner?
1
19 Mr . Houston_ I didn t know that Justin Donne] 1 Wa9
8
20 tha one 4 0 at least I don 't recall it, S0 I don € knety exactly 7
21 pow it first came to my attention. But when it did, co che
4 22 pest of my recollection , Lyman Kirkpatrick and I, and I eaink
1
23_ Frank Wiesner was probably involved
0
tried to aggemble a12
1
8 24 the facts to find out insofar a3 possible what had' gone on
25 It was a confused picture . All sorts of interpergonal feeling
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body ,
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1 that I recall were going on out there. And Ithink one of the 8
1 2 Thai police might have been involved ,
1
3 Wides . I don t know if it refreshes yowr recol-
lection but I believe a Colonel Rack was a local official
5 who had some knowledge of it.
Mr Houston . To the best of my recollection I Put
this together and talked to Allen Dulles who was much concerned
8 about it. He saf I think we ought to report that to
Justice.
10 And I said, ther is no particular problem because
11 there 19 nothing
we can about because there is no crime
1
12 against the U.S _ that I can find in this situation, it is, a
0
1
13 crime against the Thai soveregnty.
14 And Allen said, that well may be . But I still think
15 that I want to report thzs to Jus ce.
16 And he asked me co prepare a tailed report on a
17 classified basis. hve forgotten the nature of the classi-
18 fication. I suppese the relations with T at that time were
1
19 still basically top secret.
i
20 So , I did prepare a report and deliver it to # # I |
21 can t remember-= 4
probably to the Assistant Attarney General
4 22 Criminal Division_
0
who ever it was ,
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23 They said to the effect, thank you , that i9 There
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24 is nothing
we can do 8
25 Mr . Wides . Was there any discussion of the possfbility
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1 of giving information to the Thai authorities SO that they
8 2 coald decide whether to exert jurisdication?
1
3 Mr Houston_ My recollection is that the indications
1
4 were thag the Thai authorities had as much informagion as we
5 did
0 I don renember to the contrary , but a 1oe of the
6 information we got came from the Thais_
7 Mr . Wides_ Did Mr . Kirkpatrick go over to Thailand
8
to talk to sone of Bhe people there to fjnd out what they
9 knew about the situatian?
10 Mr . Houston. I do t recall
11 Mr_ Maxwell Was actilon taken against either
12 of the CAT employees?
;
0 13 Mr. Wides . Dennis eming was the other one And
1
14 he wag recalled_
15 Mr _ Houston . And Kilhan?
16 Mr _ Wides . Jeost and Fleming were e two persons
17
against whon the charges or allegations were Iaised _
18 Kilham wa the victim.
19 Mr Houston_ I remember Joost being
a problem but I
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20 can t renember what the outcone was And Dennis Pleming
8
21
just strikes a very faint bell. I can t remember at th_ L
22 @
5
23 Mr . Wides . Did you have another question: in this area?
24 Mr Maxwell I just wanted to say , if You wanted to
25 continue, you said there were three cases that eliminated the
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kind of cases which CIA had with Justice
0
and the referrals ,
8 2 and you had gone through one, And I wondered if you wanted
1
5 to 9o through the other two
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4 Mr . Houston_ All right_
5 The second one was quite an interesting one . If I give
6
it in too much detail , excuse me
7 Mr . Maxwell off the record
8 (Discussion off the record. )
9 Mr . Maxwell_ Back on therecord
10 Mr Houston The staff officer in Italy all of a
11 sudden disappeared from his post_
0
and there was indication
12 that he had with him a considerable sum of money , something
1
0
13 in the nature of 830 , 000 , I can' t remember the exact amount
1
14 This was promptly reported
0
and he disappeared into the blue
15 The Sraelow 9 tarted looking into it. And I believe we
16 sent people over to try and look into it, and found that
17 there had been a serious family problem between himself and hi
18 wife.
19 Finally, through some sort of source in Mexico we got
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20 word that this fellow wa3 near Mexico City, and he passed word
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21 to the Braet0n8through a lawyer that he had written all the L
22 operational details of what he had been engaged in in Italy ,
W
vi 23 which again were very sensitive, sealed then and put them
: 24 in a vault which only thelawyers could get at , with instruc-
25 tions to his lawyers that if anything happened to him , no
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The SEC , a3 a result has raised some questions with Justice
2 between our justice and our statutory problems _ This is 8
1
5 before Justice now
4
Mr . Wides _ Is there a file in the OGC office generally
5
regarding , not necessarily every one , but many of your #
6
which would contain many or most of OGC contacts with
7
Administrative agencies over the yYears?
8 Mr Houston _ No becange they weren t E m there probably
9
is a substantial file on relations with Internal Revenue .
10
But those were to a large part either working out our own
tax equations on our Own personnel with cover problems which
11
you probably know about , or the CAT situation , or Southern
12
1
Air_Transport _ and not interferring with IRS prosecutions
0 13
1
although several times we were involved a # here is the type of
14
case I guess you are talking about.
15
What is the fellow out in the Philippines
# I think his
16
name 19 8 uwehi2z who had one of the biggest tax assess -
17
ments made against an individual made against him, I think ,
18
92 million? And Reonglili very definitely triea to involve
19
us in his defense . There wag some connection with Stonehd
20 i
in the Philippines
0 you couldn t be in the Philippines without
21 L
some connection with then . And yet gave IRS the full In-
22
4 formation
0
and said, don t bother with 49 , we are not
23
concerned
24 1
Mr . Wides . What about such things a9 the contacts With
25
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1
Mr . Houston _ It was a memo of DITEL 8 that I saw.
8 2 I think it was dated after I left. I saw it in draft after-
1
3 ward _ It had to do, I recall, with operations in the Trust
4
Territories
5 Mr _ Wides . In other words , the first category of issue
6
that I mentioned?
7 Mr Houston_ Yes .
8 Mr Wides = With regard to MH MUTUAL which is a topi
tha Ce obviously don t have time to discuss fully todayo and
10 we have nor-yet seen the files , I wonder
3 and Mr ddarwell
11
was going to pussue this , and I may be back O #r 1 ou could
12
give me a rough idea during the period when #as under your
5
13
stewardship of the orgar zational chart_
0 a8 t were, for the
0
1
14
policy committee , the invegement commibeee and So forth, how
15 were the questions of what inveptmenxes coula be made with the
16
pension fund and the insurance Eimel and the like how was that
17
policy developed and whowag nvolveda and 30 forth?
18
Mr Houston The awyer running Ghe actual operation
reported directly
to
19
1
Mr . Wides MAs he in the OGC office? Obs part of 20 i
ANVIL?
21 L
Mr Houaton _ He wa3 ANVIL , a staff official bu nder
22
5 unofficia cover .
23
Mr Wides . Meaning that he was in a law firm tha
24
Wal3
essentially
a proprletary .
25
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Mr _ Houston Not entirely a proprietary . We supported 1
2
part it, and part of it was a legitimate law firm_
8 fhey 8
3
5
worked together and shared the firm_
1
Wides . Is it possible for you to ndicate
4
who that is , 05 is that someone whom You would 1@ like to 5
disclose .
6
7 Mr _ Houston can t do that.
Mr Wides How tould we refer to his7 in terms of his
8
position if we were tryig to ascertaip His identity ,
or
if we were negotiating the Ageney as it were? What
10
was his title vis-acvis the; utual Danagement? Was he the
11
project officer?
12
1
Mr Houston . He was 2erxea: let 3 call him the
0 13
11 project officer for MM ANV EL
14
Mr . Wides . And thal was for many Years , one
15
particular person?
16
Mr . Houston Nes He wag there fram pretty near the
17
start until he retired by about two year gO , three Years
18
ago . So , he. wag there all through the sixt I would gay ,
7
19
8
Or the sevenges _
20 i
Mr , Wides _ This i9 not John Keaney , 19 163
21 L
Mr Aouston _ No .
22
4 Wides . Was John Keaney' 9 role more in te5g of
23
setting up proprietaries and incorporating then?
24
Mr . Houston John Keaney?
25
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Mr Wides Yes , a Washington attorney A or Kenney _
1
Houston_ Kenney . He must have been one of tu e cen- 8 2
1 tral cove projects . He was not an OGC project that recalled _
3
L
Mr . des . He was not prominently involved 1o5 establish-
4
proprietanies or their incorporation?
5
Mr Hous ten He might have worked in some 6f the central
6
cover situations but I don t recall him berurg involved in any
of the proprietaries I worked on . 8
Mr _ Wides . Wjih regard to MH MUPUAL a3 you can read-
9
ily understand , we are terested ip exploring its dimensions
10
in nature , and are really Beginnieg to get access to materfals
11
on it. Without taking You Ghs@dgh all of its multi-faceted
12
aspects , which woula take soma ime , let me ask you one
6 13
1 or two questions with regaja to @oncerns that have been raised
14
by the committee
15
Do You recall a any time ques ejons arising about the
16
conflict of interese or any questionable aspects of the invest-
17
ment decisions the MH MUTUAL program any part of it?
18
And by that I not mean an individual who tained intelligenck
m
19
8 information End was trading on his Own , or an Evestnent club
20 i
within the agency Or that kind of thing , but quast ions in-
21 |
volving ither the Agency using insider informationo if you
22
4 will Obtained through its intelligence activities
or
23
otherwise in making investment decisions or buying stock or
: 24
6 depentures , or making other investments to assist the per Son
25
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8
1
or tihhe corporation or country whose securities were beipg
1
invested in?
8 2
1
3
Mr Houston . There were about two or maybe hree recon-
1
mendations EGgsOm the Investment Counsel we had at Ehe time we 4
were turned dowr
5
Mr . Wides Excuse me Was the Invesement Counsel the
6
person You were referring to?
Mr . Houston. No , this was an Queside investment
8
counsel we retained fow @dvice for a period of time
9
Mr . Wides . Was It firm or individual?
10
Mr Houston . It is a @zll-kown firm. And they made at
11
least two or three recommendaeions to invest in stock of
12
1
companies which we questioned azher extensive oontractual
0 13
1
arrangements , and in view those contractual arrangements ,
14
I recomended that we reject the reaommendationg .
15
And we did
16
Mr . Wides . Do xu recall any instanees where invest-
17
ments were
made
and it was then learned or Ghere wab
18
adversion to the act that there were contraaual relation-
19
1
ships , or whegber they were known in advance an it was weighed
20 i
and the decgeion was made to go ahead with the lnvestment?
21
L
Mr Houston No _ The only ones I recall wese turned
22
4 down ince there wa3 ample room to investigate , there was
23
no need to get in a position of possible implication Of
0 24
6
2
conflict of interest. we erred on the side of turning down
T 25
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rather @han going ahead _ 1
2
And incidentally the outside investment counsel would 8
1
5
not know why We turned it down .
L
Mr . Wides Were all of the investment decision for
4
the assets of MH MOTUAL 4 I
and you use that in the broad
5
sense, I don t fully @nderstand the relationships among all
the aspects of the compgex but were all the investment
decisions _ the Eurodollar and the small aount of stock and
the like made by outside counsel or were there some invest-
ment initiatives which origina eed within the Agency?
10
Mr . Houston . For a while awuast all of them were made
11
by this outside counsel. It was 013 too happy a
relationship,
12
1
not because of his fault. I nk he Was doing his honest
0 13
1
best = But we took too long processing hi recommendations and
14
often lost a market by tazing too long thrergh our Own in-
15
ternal controls .
16
So , finally , we decided that while we had gone to him
17
for a good reason Ehat is , S0 we could show tha e had
18
relied on outside counsel of known stature, that it Was
19
1
not fair eithe to him or to uS to be in circumstances here
20 5
we were really secondguessing him through our Own intera
21 L
procedure and our Own invetment sort of Board of Directomb
22
9
So we Left, I hope , on friendly terms .
23
Mr . Wides_ About when was that?
: 24
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3
Mr . Houston Let Me guess at around 1969 something
25
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8
like Iqat.
3
8 2 Mr Wides . Up until then as far as you know the
1
5 was no investment of Agency funds that were made as a gesult
L
of any decisians or implications within the CIA whic might
5 then have been run by him for his independent advi but might
have originated Od prompted within the Agency?
7 Mr Houston Where may have been those You see ,
8 on our Board of Directors to which we referre all basic in-
vestment decisions we had three of our top conomists , and
10 at least one of them was 8_ Member of a ceuple of college
11 investnent boards So that the had the benefit of the advice
12 to those university investment aun
1
Mr . Wides Nas he 3 consuleing economist or a member-=
0 13
1
Mr . Houston . A menber 0 the Staff _
14
Mr . Maxwell Mrs . Thurberg?
15
Mr . Houston . Yes _
16
Mr . Wides . And Jaer relationship wi the university
17
board was what, a3 an lumni?
18
Mr , Houston As an alumni. She was called &s a 19
{
consultant on the r investment program
20 a
We alsoihad the advice of a couple of friendly banks ,
21 L
and at leabt a couple of Insurance companies would fzeely
22
4 give u3 She beneflt of thefr investment policies _
23
Mr . Wides _ What was the relationship between yourgelf
24
and the banks and the ingurance companies , the CIA?
25
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iscussion off the record. ) 7
1
Mr Houston To go back to the start # it may have
8 2
1 already been told back in the last fifties we founa in
3
1 the OGC office that the hardest thing to cope with ere bene-
fits for death disability insured under cover circumstan-
5
ces , particularly Wqen as So often happened prior planning
6
had been made for this Even the prior planu is diffi-
7
cult, because if you are going to put an agent into certain
circumstances , and say You 11 him insurance through
Mutual of Omaha , if the circungtances the Department are
10
later known to Mutual of Omaha ey ight say , well, that
11
is not a
risky cover and continually you wouldn t have
12
1
your insurance
0
13
1 So , we came to the conclusion tha We needed our own in-
14
surance business , and we stagted by buying Gwo very sma) 1
15
off-share insurance companaes , and started Wziting death and
16
health policies . Now the business grew quite rapidly Co
17
cover all sorts of covrt operations_ And we wens to two
18
large outside ingurence companies and asked ff they tould
m
19
8 cooperate and tak some of the policies either on a Rul ly Pro-
20 8
tected basis fs6m us , or if they Saw fit, for their Own @ccount
21 L
And both of @hem did both. They woula take some risks fob
22
Y their Own ccount , and the only thing
we would agk i3 tha
23
they pretect the investigation in case it got into sensitive
24 1
ffeldg
9
7 25
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others would ostensibly take the risk and 7
would stand behind them _
8 2
1
3
Mr _ Wikses . So that was indemnification?
1
Mr . Houseon Complete indemnification = And and 4
large this arrangement worked extremely well
5
Mr . Wikes. So hose were the kinds of surance companiels 6
were were talking abou- @@hat would give uS benefit of
their investment?
8
Mr Houston Both of them had la investment portfoliosl
of their Own and feel I gave 03 acce to their investment
10
manager
8
who were most cooperative what they were invest-
11
12
1
Mr . Wikes . And what wag ne poin E contact in the
6 13
1 Agency during that period the Insurance companies?
14
Mr Houston I wen in both cases to Set up the ori-
15
ginal contact , ana thed this project officer the
16
primary .
17
Mr . Wikes nd he would have been the poin} of contact
18
for receiving their investment views?
19
1
Mr _ Hobston He or his office.
20
i
Mr 'ides . And you mentioned also a bank as a @ut-
21 L
side SObrce
22
4 Houston . There were a couple of banks , but on-
23
pargicularly. We kept some o€ the money on deposit with t
2
24
bank _ And we had some offshore agsets that were ostensibly
25
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hela by an offshore subsidiary of the bank. The bank at Qur
L
reques gave uS a flat guarantee of repayment no matter What
8 2
1 on these gsets. So , we felt well protected on this. And also ,
5
L when we deposited with then the certificates of depogit we
4
got the normal ime rate on our deposits. And here again
5
they particularly the field of Eurobonds had ome good
6
advice and we also Went to another brokerage house in
New York who had investment advisory staff ghat specialized in
Eurobonds So far as I Iaaow , did no know the Agency
9
was involved but they gave dvice on best interest rates
10
in Eurobonds and certificates It 5 a highly speciallzed
11
field
12
Mr Maxwell Who was going the investment house , the
6 13
1 project officer?
14
Mr . Houston. The project officer
15
Mr . Wides . Do you secall any dealings with Suydam and Com
16
pany?
17
Mr Houston No I have been asked time and time again
18
about Suydam Compam and the only thing I kne was from
19
1
personal knowledge going back to a trust my sist has an
20 i
interest in inl the Guaranty Trust. They had one Or hese hold -
21 L
companjes whfch I think was called Suydam and Comgany . But
22
5 you neves heard 0 3 who was it? I know One of our dir tors
23
of Soug) ern Air Transport told me that he was continuall
24
5 being asked by contact with Suydam and Company . And he sa
25
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that 15 the one he knows was the Guaranty Trust. There 1
was someqne else_
0 I don t know about it.
8 2
1
3
Mr Mides . GEtting back to the question I alluded
to while we weise off the recora did any questions ar ise about
4
whether the peop_ on the board , the investment beard , or manag-
board of Mutual who were from within the Agency , would
have access to econon intelligence
or political intelli-
gence relevant to their wn thinking
on investments , and
where there was any questi of a proprietary involved?
Mr . Houston The membegs of the board were always free
10
to bring up their ideas for investnedts , particularly in the
11
stock field , until more recent years . But mainly we were
12
1
consulting the econonic experts for their general economic knowl
0
13
1 edge on trends and any input cou= 6l give on basic invest_
14
ment policies_
15
Mr _ Wides . That would include , I aseue , economic in-
16
telligence regarding or example, the trend of whether there
17
was likely to be a "eopper shortage , or the tredd of
18
whether there was 1 ikely to be more nationaliza on of rubber
19
1
plantations 0r 6il?
20
i
How would you differentiate that from econoni intelli-
21 |
gence except that it would be
22
4 Houston _ Because our investments , except Zer the
23
Eurobonds
0 were almost entirely in U.S.investments And
0 24
Wmile these were trained economiets , their main profession
25
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1 interest was in the foreign field And I don t remember taen
3
8 2
staying or instance_
0
let' s get into copper , it is go to
1
5 be in very Bhort supply in Peru or whatever. I don t emember
L
any discussion of that sort_
5 Mr _ Wides Do you recall any policy paperg or reviews
generally as to the use of Agency knowledge in the broadest
sense of its intelligence fund in regard to the investment
decisions as distinct Tan decisions that pzere generated wholly
9
by outside?
10 Mr Houston There Wesee variougbasic general policy
11 papers usually I would prepare @hem and put them before
12
the board A in which this may have been touched on _ I don 't
1
recall it specifically.
0
13
1
Mr Maxwell The gour of funds invested under the
14
augpices of the board were Whet?
15
Mr. Houston _ The Iin tial source of Gunds was usually
16
reprogrammea at the year 9 end available for erational use_ 17
And this was regarded 83 an operational use necegsary to
18
support operations Abecause of the need for the ba3ic insurance
19
1
function
20 5
In other words , all these companies that we had
21
L
this insuranee/ complex appeared to have the substance an 22
4
insraance company would be expected to have . Actually ,
23
5
whole funa for 2ll of then wa9 managed a3 a central fund under
24
:
this One project officer. On the design and organizational
25
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chart looked very complicated. In operation it was quige 7
simple_ was handled really as one entity with variou; faces
8 2
1
5
appearing And the complications of those whereby maintaining
1
your director who took no part in the operation , our companie}
4
directors_ and thiings , and keeping your letterhead straight
for your writing the different companies .
Mr _ Maxwell Were there other sources funds
7
profits made by proprietaries in stock or bend transactions that
went back into the investment fund?
Mr Houston. uld all 90 into the central in-
10
vestment fund and in the ini al staces , particularly where
11
there was income from funds and dends until the stock
12
3
: market broke there were some capi gains registered _ Then
0
13
1 the investment policy went moge and mere , particularly a3
14
the interest rate wene UP, the Eurobends and certificates
15
of deposlt, where for a While you were gegting I think we
16
got a weighted average over 11 percent_ And then those
17
woulad go back into the; fund against the insurance 10ss account-
18
ability. The mogt difficult thing we had was rying to
19
1
decide what was enough , because there was no actuarial exper-
20 i
ience such a3 a nominal insurance company
21 L
Mr Wiaes _ You Mean the capitalization of pa= icular
22
4 companieg against insurance?
23
5
Houston. Exactly.
24
Mr Wides . What about proprietary profit, was that
2
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one source of funds that went into the total capital fund
7
2 Houston _ No . If you reorgnized a proprietar or 3
L
3
disposed it, the proceeds identified as the proceeds of
L
4
that might 90 into this fund until their eventual dspos i ~
5
tion back into he Treasury , or whatever was dec;ded _
6
Mr Wides . Wat about prior to dissolution just the
7
annual operating prowit , were any not left the proprietary
but taken out in part @nd put into the fund
Mr Houston In {ue first place this wasn t a frequent
occurence in propriataries In fact MH MUTUAL and Air America
10
were
the only substantlally @1efitable operations . There were 11
minor profits in others , but by &na large as far as I know
12
1
they were left in the companies tnei 1 they were dissolved .
0 13
1
And towara the end of Air Amerr ica believe we let off some
14
of the profits before the inal dissolueion and then took the
15
rest of them over and Aehey eventually eetsned them into the
16
Treasury .
17
Mr_ Mides _ ith regard to the investment, in the case
18
of certificates deposit abroad I take it thag 1s what You
19
are referring as the weighted average , when You weighted
20 a
Eurodollar Eurobonds and certificates of deposit Whatever
21 L
the form Were some of the investments in foreign counuries mad
22
W_
6j
in any nay In consultation with the operating divisions
23
regate to the non-investment aspects of the loan , if You E 11
6 24
the Bossible use of them: for covert assistance in the broadest
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sense that tern? 7
Mr Houston . No
8 2
1
3
Let 03 get one
thing straight. The certificaxte of depo-
1
4
sit were domeseic .
5
Mr _ Wides Were there any foreign loanis
6
Mr Houston There were no foreign
@ans that I recall.
The Eurodollar bonds C@ere in the case those which were guaranteed
by a U.S _ company . 8
9
Mr . Wides . You don recall ny investment in obliga-
tions of a
foreign country
10
Mr Houston Not of a eeign country as such. I
11
believe there were a couple companies
12
1
I can't even be sure of tha bu mY recollection is by and
0 13
1 large of subsidiaries of S compandes which do not guarantee
14
their subsidiary bondsc
15
Mr Wides . Thank you 16
Mr Maxwell
0 {
I wouldlike to go through some of che
17
material in the Olsen case, And I have matked as Houston
18
Exhibit 5 the excerpts from the IG' s diary which I showed You
19
1
before .
0
20
0
(The document referred to was
21 |
marked Houston Exhibit No . 5
22
4 for identification.)
23
5
6i
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