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FEDERAL REGISTER, Saturday, September 29, 1945

nection, Florida Power proposes to amend its Certificate of Reincorpora tion, to provide for a partial restriction on the payment of dividends on its com mon stock, so long as any shares of its preferred stock of any series are out standing, while the common stock equity is less than 25% of total capitalization and surplus.
It appearing to the Commission that it is appropriate in the public interest and in the interest of investors and con sumers that a hearing be held with re spect to said matters, and that said dec larations shall not become effective, nor said applications granted, except pur suant to further order of this Com mission:
It is ordered, That a hearing on such matters under the applicable provisions of said Act and Rules of the Commission thereunder be held on October 8, 1945, at 10:30 a. m., e. s. t., at the offices of the Securities and Exchange Commission, 18th and Locust Streets, Philadelphia 3, Pennsylvania, at which time the hearing room clerk in Room 318 will advise as to the room in which such hearing will be held. At such hearing cause shall be shown why such declarations or applica tions or both shall become effective or shall be granted. Any person desiring to be heard in such proceeding shall file with the Commission on or before Octo ber 3, 1945, his request therefor as pro vided by Rule X V II of the rules of prac tice of the Commission.
It is fu rth er ordered, That Willis E.
Monty or any other officer or officers of the Commission designated by it for that purpose shall preside at the hearing in such matter. The officer so designated to preside at such hearing is hereby authorized to exercise all powers granted to the Commission under section 18 c of said act and to a trial examiner under the Commissions rules of practice.
It is fu rther ordered, That, without limiting the scope of the issues presented by said déclarations-applications, par ticular attention be directed at such hearing to the following matters and questions:
1. Whether the common stock pro posed to be issued by Florida Power sat isfies the applicable standards of section 7 of the act.
2. Whether the requested termination of the existing dividend restriction in respect of Florida Power contained in the order of the Commission dated April It, 1941 is appropriate under the applicable
standards of the act and in the public interest and in the interest of investors and consumers; and whether the pro posed dividend restriction to be provided for by amendment to the Certificate of Reincorporation of Florida Power is in all respects appropriate.
3. Whether the sale by Gengas of its interest in the common stock of Florida Power complies with the divestment ouder of the Commission and satisfies the standards of section 12 d of the act and Rule U-44 promulgated there under.
4. Whether the terms of the rights to be offered by Gengas to its security holders who are entitled to receive Flor ida Power common stock under the Gengas Plan are, in all respects, appro priate.
5. The propriety of the proposed ac counting treatment of the several trans actions on the books of the declarantsapplicants.
6. Whether the fees, commissions and other expenses to be incurred are for necessary services and reasonable in amount.
7. Generally, whether the proposed transactions comply with all applicable provisions and requirements of the Pub lic UtilityHolding Company Act of 1935
and the rules and regulations promul gated thereunder, and, if not, whether and what modifications or terms and conditions should be required to be im posed to satisfy the statutory standards.
By the Commission.
seal

O rval L. D u B ois ,
Secretary.

other beginning at 10:00 a. m., p. s. t. in Room 1018 the Appraisers Building, 680
Sansome Street, San Francisco, Califor nia, to discuss the general subject of discontinuance of wartime standards and waivers, and the conversion of the Mer chant Marine from wartime to peacetime operations.
Dated: September 27, 1945.
L. T. C halker , R ear Admiral, U. S. C. G., Acting Com m andant.
F. R. Doc. 45-18099; Filed, Sept. 28, 1945;
11:23 a. m.

WAR PRODUCTION BOARD.
Certificate 124, Revocation U se
I nland W aterway E quipment G reat L akes -N e w Y ork A rea
of
in
APPROVAL OF DIRECTIVE OF PETROLEUM
COORDINATOR

The A ttorney G eneral.
Pursuant to section 12 of Public Law No. 603, 77th Congress 56 Stat. 357, I
hereby withdraw the certificate and find ing dated September 7, 1943, concerning Petroleum Directive No. 69 of the Petro leum Administration for W ar; and also Amendment 1 thereto dated May 30,1944.
Dated: September 25, 1945.
,
J . A. K rug,
Chairm an.

F, R. Doc. 45-18097; Filed, Sept. 28, 1945;
11:16 a. m.

F. R. Doc. 45-18086; Filed, Sept. 28, 1945;
9:43 a. m.
Certificate 208, Revocation S u p p l y P rogram
UNITED STATES COAST GUARD.
C onversion W artime
of to
M erchant Marine F rom P eacetime O peration
NOTICE OF PUBLIC HEARING

Pursuant to the authority vested in me as Acting Commandant of the U. S. Coast Guard by Executive Order No. 9083, dated February 28, 1942 3 CFR Cum. Supp., notice is hereby given that on Thursday, October 4, 1945, two public hearings will be held, one beginning at 10:00 a. m., e, s. t. in the Reception Room, 14th floor, U. S. District Coast Guard Office, 42 Broadway, New York, N. Y., and the
in
D istrict 3

APPROVAL OF PAW DIRECTIVE
T h e A ttorney G eneral.

Pursuant to section 12 of Public Law No. 603, 77th Congress 56 Stat. 357, I
hereby withdraw the certificate and find ing dated October 14, 1944, concerning Petroleum Directive 78 of the Petroleum Administration for War.
Dated: September 25, 1945.
J . A. K rug,
Chairm an.

F. R. Doc. 45-18098; Filed, Sept. 28, 1945;
11:16 a. m.