Chapter 263. Authorizing the President to scrap certain vessels in conformity with the provisions of the treaty limiting naval armament, and for other purposes
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CHAP. 263.— An Act Authorizing the President to scrap certain vessels in conformity with the provisions of the treaty limiting naval armament, and for other purposes. July 1, 1922.[[H. R. 11214](/us/bill/67/hr/11214).][[Public, No. 268](/us/pl/67/268).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Navy. Capital ships of, to be scrapped under treaty limiting naval armament. *Ante*, p. 774. *Post*, p. 1544. That for the purpose of giving effect to the provisions in the treaty limiting naval armament, concluded February 6, 1922, between the United States of America, the British Empire, France, Italy, and Japan, the President of the United States be, and he is hereby, authorized to demolish or otherwise make such disposition in accordance therewith as in his judgment may be proper of the capital ships of the Navy built or building which are not to be retained by the terms of the said treaty.
Sec. 2. Discontinuing, etc., construction of battleships and battle cruisers. Vol. 39, p. 616. That the President of the United States is hereby authorized to discontinue the construction of and to cancel or modify any contract entered into for and on behalf of the United States for the construction of seven first-class battleships and six battle cruisers authorized in the Act entitled “An Act making appropriations for the naval service for the fiscal year ending June 30, 1917, and for other purposes,” approved August 29, 1916, and for the machinery, materials, equipment, armor, armament, and ordnance equipment therefor: *Provisos*.
Compensation for canceled contracts. *Ante*, p. 811.*Provided,* That whenever any such contract is canceled or modified settlement of claims arising therefrom shall be made by the President upon a fair and equitable basis, as he may determine, out of any funds Part payment If terms unsatisfactory, and suit for balance.hereafter to be appropriated for that purpose: *Provided,* That if the terms of such settlement are unsatisfactory to any claimant such claimant shall be paid 75 per centum of the amount awarded by the President and shall be entitled to sue the United States to recover such further sums as added to the said 75 per centum shall make up Vol. 36, pp. 1093, 1136.such amount as will be just compensation for such claims, in the manner provided by section 24, paragraph 20, and section 145 of the Judicial Code.
Sec. 3. Airplane carriers. Battle cruisers “Lexington” and “Saratoga” to be converted into. Vol. 39, p. 616. *Ante*, p. 811. That of the battle cruisers authorized in the Act entitled “An Act making appropriations for the naval service for the fiscal year ending June 30, 1917, and for other purposes,” approved August 29, 1916, the President of the United States is hereby authorized to undertake the conversion of the Lexington and Saratoga into airplane carriers, within the limits of cost heretofore authorized for said battle cruisers.
Sec. 4. Limit of cost increased of specified vessels. The limits of cost of the vessels heretofore authorized and hereinbelow enumerated are increased as follows: Battleships West Virginia and Colorado, from $15,000,000 to $17,000,000; scout cruisers, Numbered Four to Ten, inclusive, from $7,500,000 to $8,250,000. Approved, July 1, 1922.