' ‘ - e ve : 2am the te a bE stagti. tions as he may prescribe, noncitizens to engage in economic activity within the Territory provided such activity would not restrict opportunities for economic advancement of Territory citizens. Citizens and noncitizens desiring to incorporate in the Territory must comply with section 1118 of the Code which enumerates the bare minimum of information which the articles of incorporation must contain. Upon approval of the articles of incorporation and bylaws, the High Commissioner, pursuant to section 1116, may issue a charter. All power facilities are provided by the Territory Government. Chapter 9 TRANSPORTATION AND COMMUNICATIONS Transportation and Communications are vital elements in the Admin- istering Authority’s program for im- proving the welfare of Micronesians and for developing a viable economy in the Territory. Maritime Transportation As a vital support service, trans- portation plays a key role in accomplishing the Administration's goals for 68 i ‘Se a the Trust Territory. we and expansion of the transportation system, particularly in the maritime area, must go hand-in-hand with cap!f & ital improvement and other develop. mental programs. Past efforts to! improve maritime transportation have, not been particularly impressive, but. steps are being taken to improve, service and acquire new vessels. The Territorial Government owns three major logistic vessels which have been operated since 1965 on contract by the United Tanker Corporation of” New York. This corporation has a charter from the Government estab-: lishing a local corporation, Micro nesian Line, which operates these® vessels: the M/V Palau Islander, M/V, Gunner's Knot and M/V_ Pacific, Islander. Micronesian Line, during the year under review, purchased a fourth : te Under section 1100(b) the High Commissioner is given authority to license, upon such reasonable condi- , gee Territory Code. Under section 110Q(a}, the district administrator grants. business permits to citizens of the Territory, except where the district administrator determines the public interest would be jeopardized. ale vessel, the M/V Majuro, which began, service in December 1967. Twenty-three Micronesians :‘ serving in a licensed officer capacity aboard the four vessels. Of the four Micronesians who completed training® at the Philippine Maritime Academy § during the year, three are assigned tog the logistic vessels and one to terminal & operations in Ponape. One otherg Micronesian continues training at the § Academy. In March 1968, the Administration # began negotiations with several ship ¥ ping lines for a new, 10-year contract for operation of the Trust Territory’s logistic shipping. At year’s end, several B bidders were competing for the mari-§ time contract; improved shipping ¥ service for the Territory, including & direct service from the United States} will resuit. Local Micronesian companies operate the fleet of Government-owned Part VI-Economic Advancement “% V7