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394

FEDERAL REGISTER, Saturday, January 21, 1939

United States of AmericaBefore the ignated to preside at any such hearing Securities and Exchange Commission is hereby authorized to exercise all pow ers granted to the Commission under At a regular session of the Securities section 18 c of said Act and to a trial and Exchange Commission held at its examiner under the Commissions Rules office in the City of Washington, D. C., of Practice to continue or postpone said on the 19th day of January, A. D. 1939. hearing from time to time.
Notice of such hearing is hereby given Pile Nos. 43-177 and 64-1
to such declarant or applicant and to I n th e M atter of H untington D evelop any other person whose participation in ing and G as C ompany and C olumbia such proceeding may be in the public interest or for the protection of invest G as & E lectric C orporation ors or consumers. It is requested that NOTICE OF AND ORDER FOR HEARING
any person desiring to be heard or to be as a party to such proceeding A declaration and an application pur admitted file a notice to that effect with the suant to sections 7 and 15 of the Pub shall on or before February 2, lic Utility Holding Company Act of 1935, Commission 1939.
having been duly filed with this Com The matter concerned herewith is in mission by the above-named parties;
It is ordered, That a hearing on such regard to:
m atter be held on February 7, 1939, at 1 A declaration by Huntington De ten oclock in the forenoon of that day, velopment and Gas Company regarding at the Securities and Exchange Building, the reduction of the par value of 40,000
1778 Pennsylvania Avenue, NW., Wash shares of its common stock being all ington, D. C. On such day the hearingsuch shares outstanding from $100 per room clerk in room 1102 will advise as share to $50 per share, together with a to the room where such hearing will be corresponding reduction in common cap held. At such hearing, if in respect of ital account from $4,000,000 to $2,000,000.
any declaration, cause shall be shown I t is proposed that the capital surplus why such declaration shall become thus created, together with other sur effective.
plus, will be designated as Special Cap It is further ordered, That Willis E. ital Surplus and that the declarant will Monty or any other officer or officers of thereafter charge the deficit in its earned the Commission designated by it for surplus account a t December 31, 1937, th at purpose shall preside at the hear aggregating $782,306.77, to capital sur ings in such matter. The officer so des plus at December 31, 1937, to the extent
available, and then to Special Capital Surplus.
It is stated that of declarants 40,000
shares of common stock, 39,871 shares are held by Columbia Gas & Electric Corporation and that the remaining 129
shares of such stock are publicly held.
It is further stated that of the 14,000
shares of declarants 6% Cumulative Preferred Stock par value $100, 555
shares are held in its treasury, 2 shares are publicly held and 14,443 shares are held by said Columbia Gas & Electric Corporation.
2 An application by Columbia Gas & Electric Corporation pursuant to In struction 8C to the Uniform System of Accounts for Public Utility Holding Companies adopted pursuant to Rule U-15-10 and Section 15 of the Public Utility Holding Company Act of 1935, regarding the recordation on its books of the 39,871 shares of 6% Cumulative Preferred Stock and 14,443 shares of the common stock in Huntington Develop ment and Gas Company, which Colum bia is to receive as a result of the disso lution of Huntington Gas Company, which dissolution has heretofore been effected See File No. 54-7, Holding Company Act Release No. 1372.
By the Commission.
seal
F rancis P. B rassor, Secretary.
P. R. Doc. 39-240; Filed, January 20, 1939;
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