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<br />I <br /> <br />MR. CRANDALL: <br /> <br />MR. STAPLETON: <br /> <br />MR. CRANDALL: <br /> <br />MR. STAPLETON: <br /> <br /> MR. CRANDALL: <br /> MR. STAPLETON: <br />I MR. CRANDALL: <br /> <br />this point? What would happen if the cut- <br />backs they are talking about in the papers <br />at this time came into existence? Does that <br />come down to reclamation or is that just a <br />lump sum?" <br /> <br />"I know of nothing specific, Mr. Staple- <br />ton, as relating to individual projects or <br />anything of the kind. All I know is what I <br />read in the papers and, of course, we are all <br />aware that the domestic budget is a very, <br />very tight one and there is extreme pressure <br />to hold expenditures to an absolute minimum. <br />Of course we are doing everything that can <br />be done to reach that goal. Many of our <br />programs, as you know, have been stretched <br />out and contract awards postponed. This has <br />been over the past several years and it will <br />continue." <br /> <br />"Do you anticipate a 'no new start' <br />edict?" <br /> <br />"I've not heard of anything: not as an <br />edict. New starts, of course, is perhaps one <br />of the places that is looked at most sternly <br />by the Bureau of the Budget. It is a place <br />to curtail." <br /> <br />"The thing that would concern me is that <br />when you started a project and you are half- <br />way through and you are storing equipment <br />and so forth, that sounds to me to be expen- <br />sive. II <br /> <br />lilt is.1I <br /> <br />"And pushing things like that through." <br /> <br />"Where we have a going construction con- <br />tract, as far as we are concerned, and I <br />think this is pretty much Bureau-wide, they <br />have been funded. In other words, we haven't <br />canceled any contracts but there is pressure, <br />of course, to postpone the awarding of addi- <br />tional contracts. It's a fact of life <br />