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NOTICES

3238
and whether the financing by the issue and sale of such bonds is necessary or appropriate to the economical and effi cient operation of the business in which it is engaged.
2. Whether the fees and expenses to be paid in connection with the proposed issue and sale of bonds are reasonable.
3. Whether the proposed accounting treatment of the transactions is proper and in conformity with sound account ing principles.
4. Whether the terms and conditions of the issue and sale of the proposed bonds are detrimental to the public in terest or the interest of investors or consumers, and whether in the event the declaration shall be permitted to be come effective, it is necessary to impose any terms or conditions to assure com pliance with the standards of the Act.
It is further ordered, That at said hearing evidence shall be adduced with respect to the foregoing matters and questions.
It is further ordered, That the Secre tary of the Commission shall serve a copy of this order by registered mail on the declarant herein and that notice of said hearing shall be given to all other persons by general release of this Com mission which shall be distributed to the press and mailed to the mailing list for releases issued under the Public Utility Holding Company Act of 1935
and by publication of this order in the F ederal JRegister.

By the Commission.
seal
N ellye A. T horsen,
Assistant to the Secretary.
F. R. Doc. 47-4636; Filed, May 16, 1947;
8:47 a. m.

File No. 70-1516

U nited G as Corf.
NOTICE OF FILING

At a regular session of the Securities and Exchange Commissidn, held at its office in the City of Philadelphia, Pa., on the 12th day of May A. D. 1947.
Notice is hereby given th at an applica tion has been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 by United Gas Cor poration United, a gas utility sub sidiary of Electric Power & Light Cor poration, a registered holding company subsidiary of Electric Bond and Share Company, also a registered holding com pany. Applicant has designated sections 9 a and 10 of the act and Rule U-23
thereunder as applicable to the proposed transactions.
Notice is further given that any in terested person may, not later than May 27, 1947 at 5:30 p. m., e. d. s. t., request the Commission in writing that a hear ing be held on such matter, stating the reasons for such request, the nature of his interest and the issues of fact or law raised by said application which he de sires to contravert, or may request that he be notified if the Commission should order a hearing thereon. Any such re quest should be addressed: Secretary, Securities and Exchange Commission, 18th and Locust Streets, Philadelphia 3, Pennsylvania. At any time after May 22, 1947 said application, as filed or as amended, may be granted as provided in Rule U-23 of the rules and regulations promulgated under the act, or the Com mission may exempt such transactions as provided in Rule U-20 a and Rule U-100 thereof.

All interested persons are referred to said application which is on file in the offices of this Commission for a state ment of the transactions therein pro posed which are summarized as follows:
United proposes to organize under the laws of the State of Delaware, a cor poration to be known as Atlantic Gulf Gas Company Atlantic Gulf . At lantic Gulf will have initially 1,000,000
shares of authorized common stock with out par value, all of which United pro poses to acquire for $1,000,000 in cash.
Atlantic Gulf is being organized for the purpose of constructing and operating a natural gas pipe line system extending from the State of Mississippi in an easterly direction to the Atlantic Sea board, passing through the southern parts of the States of Alabama and Georgia and also extending into the northern part of the State of Florida and into southeastern part of the State of South Carolina.
Atlantic Gulf will assume Uniteds ob ligations in connection with an applica tion filed by United with the Federal Power Commission for a certificate of public convenience and necessity au thorizing the construction and opera tion of the facilities described above.
The applicant has requested that the Commissions order herein be issued as soon as may be practicable and become effective forthwith.
By the Commission.
seal N ellye A. T horsen, Assistant to the Secretary.
F. R. Doc. 47-4637; Filed, May 16, 1947;
8:50 a. m.