76 4 5 6 7 8 MR. RUFF: Personal surveys by our sales people and myself. CHAIRMAN LFONARD: Do you know what the supermarkets bu from the imports? MR. RUFF: I know what they pay for it, domestically. MR. RUFF: And the cans side by side on the shelves are priced in most cases. 16 17 18 19 20 21 22 23 supply MR. RUFF: Yes. CHAIRMAN LEONARD: How do you fiqure capacity, sir? MR. RUFF: My plant capacity? CHAIRMAN LEONARD: Yes, sir. MR. RUFF: The processing lines are put in in a balanced situation where whatever number of nounds, let's say, you are able to cut, which is the first operation in the that number of nounds per hour, dav of the week. It's that I can understand what vou just said. Perhaps you can the details to the Commission as to what your capacity is and how it has been computed. 25 MR. RUFF: Let's assume, mavbe basic, that one Enclosed you will find two letters extending principal payments for P. Mastrippolito & Sons, Inc. on the mortgage owed Small Business Administration Those letters are dated December 2, 1975, written by Mr George M. Galuska at Small Business Administration and the other dated March 25, 1976, written by Mr. Charles F. Jackson at the Smal! Business Administration. Also enclosed are two letters that state P. Mastrippolito & Sons, Inc. is not able to borrow any money. One of the letters is dated November 11, 1974, and written by Mr. Kenneth S. Risser, Federal Land Bank Association, the other is dated February 11, 1975, and is written by Mr. Harold C. Tice, National Bank and Trust Company of Kennett Square P Mastrippolito & Sons, Inc. has reviewed its financial condition and as a result of imports in the market place, finds it is not able to operate its cannery. There will be no seasonal call back during the first week in September as usual. That will cause 40 people to be unemployed indefinitely. The situation in the market place is critical. Unless our Federal Government does something to save the Domestic Mushroom Industry P. Mastrippolito & Sons, Inc. and the Domestic Industries days are numbered as exposed above. This is to confirm that the Small Business Administration has agreed to defer payments of principal for a six month period, to April, 1976. A review will be made at that time to determine the status of the account. Payments of $1,968.75 are to continue as before. As Mr. Jackson informed your son, we can not lend money to an about these loans. Very truly yours, George M. Galuska George M. Galuska Acting Supervisory Loan Officer In consideration of the current problems facing P. Mastrippolito and Sons, SBA agrees to defer principal payments for an additional six months, until December 5, 1975 sue attack bother bote 5.14-76 We have available a technical assistance service where we can research all Federally sponsored or directed research on subjects involving SBA borrowers. I am not sure whether or not this service would help you, or that you don't already have all of this information, but it is worth a try. If you or Nick Jr. could get me the standards being applied to you, and the characteristics of your untreated discharges, we could check for any information available which might aid in the design of the treatment system, or in determining applicability of the standards. If you feel this would be useful, feel free to get in touch with me. Your reading of the March 25, 1976 letter did indeed reveal a typographical error. Principal payments on your loan have been deferred until December 5, 1976, not December 6, 1975. Regarding your May 10th letter, as I told you in our phone conversation, we will be on the lookout for available growing facilities and will let you know as soon as something comes up. 88-681 - 77 17 Sincerely, Charles F. Jackson Loan Officer Portfolio Management Division |