AEC DEVELOPMENTS IN MATERIALS MANAGEMENT

It is indeed a pleasure to have once again the opportunity to appear on the program of the Institute of Nuclear Materials Management. I would like to set before you some of the activities of the AEC in general and of the Division of Nuclear Materials Management in particular, which may affect you and which we believe will assist you in some small way in getting your job done more effectively and more economically. Yesterday you heard Mr. Keller discuss the AEC Supply Agreement. As time goes on, I believe that agreement will be recognized as one of the real major steps the AEC has taken toward placing the relationship between industry and the AEC more nearly on a purely commercial basis and thus allowing it to become more and more master of its own fate. Nevertheless, that agreement does not go far enough, for we are still left with two agreements which are almost identical — the Supply Agreement and the Standard Lease Agreement.