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2284

F E D E R A L R E G IS T E R , T hursday, S eptem ber 22, 1938

General Protective Committee for Se curity Holders of Utilities Power & Light Corporation having heretofore filed a petition to intervene in the above entitled proceedings; and The Commission having on September 16, 1938 entered an O rder 1 granting such petition subject to certain condi tions contained in said Order, and hav ing on the same day entered its Mem orandum Opinion in this matter; and Counsel to said Committee having on September 19,1938 moved that the Com seal F r a n c is P . B rass or , mission grant a rehearing with respect Secretary.
to said Memorandum Opinion; and F. R. Doc. 38-2774; Piled, September 21, A rehearing on said matter having been 1938; 12:41p.m .
granted and held on September 19,1938 :
I t is ordered, That said Memorandum Opinion be amended in the following United States of America Before the respects:
Securities and Exchange Commisson 1. There shall be stricken from the A t a regular session of the Securities fourth paragraph of said Memorandum and Exchange Commission, held at its Opinion the sentence reading as fo l office in the City of Washington, D. C., lows: I t is clear from the record that on the 20th day of September, A. D. 1938.
the Committee was organized by Howard File Nos. 34-8, 52-3, 52-5, 52-9, 52-10, C. Hopson, on behalf of Associated Gas and 59-1
and Electric Company system, and that I n t h e M a t t er o f U t i l i t i e s P o w e r & every member of the Committee and its L ig h t C o r p o r a t io n a n d C h a r l e s T r u e secretary and counsel are in some fash A dam s, T rustee ion linked with the Associated inter ests ; and there shall be substituted in order lieu thereof the following; It is clear Harry Reid, Max McGraw, and B. B.
Robinson, representing themselves as the 13 P. R. 2258 DI.

reserved with the respect to the matter of the application referred to in para graph 5 d hereof of Michigan Consoli dated Gas Company for exemption of the issue and sale of First Mortgage Bonds and Serial Notes from the provi sions of Section 6 a of said Act, and to make such order or orders therein as the Commission deems appropriate upon the conclusion of the hearing in respect of said application.
By the Commission.

from the record that the Committee was organized by Howard C. Hopson, and that every member of the Committee and its secretary and counsel are in some fashion linked with the Associated in terests, and it is our conclusion that it was so organized on behalf of Associated Gas and Electric Company system.
2. There shall be stricken from the fifth paragraph of said Memorandum Opinion the sentence reading as follows:
Associated owns some securities of each class which the Committee claims to represent which includes every class of security which the debtor has outstand ing ; and there shall be substituted in lieu thereof the following: Associated owns some debentures and A, B, and common stocks of the debtor, all of which are also represented by the Com mittee which also purports to represent preferred stock ;
I t is further ordered, That the afore said Order and Memorandum Opinion of the Commission stand as the Order and Opinion of the Commission in this matter, with the changes to said Memo randum Opinion noted above.
By the Commission.
seal
F r a n c is P . B rassor ,
Secretary,.
F. R. Doc. 38-2775; Piled, September 21, 1938; 12: 4 1 p .m .