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I'll take a stab.
Seen from SS Medina ...-time- 1947
Discharged between 100-110 flying light from explosion
later crew hair fell out
ship exploded
Probably more of Carl Allen's nonsense. Just a guess. The SS Medina has quite a history, serving as a transport ship in the North Atlantic during both World Wars, and is apparently still in use. It was renamed in 1948 or so. Built in Newport News. Allen may have been on the ship at some point, or imagined he was. Who knows?
Congratulations on acquiring that Varo copy. I was tempted. I think the whole saga is silly, but that's a rare artifact from one of the more bizarre rabbit holes infesting ufology, and now a part of history.
The Carl Allen nonsense is printed in red, that much I know. The scribbles are actually written on the page, perhaps by a mechanical pencil if I had to guess.
I appreciate your efforts, sir, and also thank you for the time.
The interview does make more sense if you assume that both of the interviewers were drunk.
Good work, Han!