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V

NOTICES

5912
respect to the payment of fees and ex penses applicable to these transactions and heretofore reserved by the Commis sion, be, and the same hereby is, con tinued in full force and effect.
By the Commission.
seal

O rval L. D uB ois,
Secretary.
F. R. Doc. 49-7794; Filed, Sept. 27, 1949;
8:46 a. m.

File No. 70-2221
D uquesne L ight
Co.

NOTICE OF FILING

At a regular session of the securities and Exchange Commission held at its office in the city of Washington, D. C., on the 21st day of September 1949.
Notice is hereby given that there has been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 Act an application by Duquesne Light Company Duquesne , a public utility company and a subsidiary of Standard Power and Light Corpora tion, Standard Gas and Electric Com pany, and Philadelphia Company, all reg istered holding companies. Applicant has designated sections 6 a and 6 b of the act and Rule U-50, promulgated thereunder, as applicable to the pro posed transaction.
Notice is further given that any person may, not later than October 5, 1949, at 5 :30 p. m., e. s. t., request the Commission in writing that a hearing be held on such matter, stating the nature of his interest, the reasons for such request and the is sues, if any, of fact or law raised by said application which he desires to contro vert or may request that he be notified if the Commission should order a hearing thereon. Any such request should be addressed to the Secretary, Securities and Exchange Commission, 425 Second Street NW., Washington 25, D. C. At any time thereafter said application may be granted as provided in Rule U-23 of the rules and regulations promulgated under the act or the Commission may exempt such transaction as provided in Rules U-20 a and U-100 thereof.
All interested persons are referred to said application, which is on file in the office of the Commission, for a statement of the transaction therein proposed, which may be summarized as follows:
Duquesne proposes to issue and sell, pursuant to the competitive bidding re quirements of Rule U-50, $15,000,000
principal amount of a new series of First Mortgage Bonds, Series due October 1, 1979. The bonds are to be issued under the provisions of a Trust Indenture, dated August 1, 1947, from Duquesne to Mellon National Bank and Trust Com pany, as Trustee, as supplemented by a Supplemental Trust Indenture, dated September 20, 1948, and as further sup plemented by a Second Supplemental Trust Indenture to be dated as of Sep tember 30, 1949, and a Third Supple-

mental Trust Indenture to be dated as of October 1 1949. The price, to be not less than 100% or more than 102%%
of the principal amount, and the coupon rate, to be a multiple of Ye of 1%, are to be determined by the bidding.
The proceeds of the proposed issuance and sale of said bonds are to be used by Duquesne, in part, to repay outstanding short-term bank loans incurred to finance temporarily its construction pro gram, and the balance, for general cor porate purposes including payment of a portion of the cost of the companys con struction program.
The application states that the Penn sylvania Public Utility Commission has jurisdiction with respect to the proposed issuance and sale of said bonds.
Duquesne requests that the Commis sions order be issued by October 6, 1949, and that it become effective forthwith upon issuance. Duquesne further re quests that the ten-day notice period for invitation of bids required by Rule U-50
b be shortened to six days.
By the Commission.
seal

O rval L. D uB o is ,
Secretary.
F. R. Doc. 49-7793; Filed, Sept. 27, 1949;
8:46 a. m.

UNITED STATES MARITIME
COMMISSION
A merican P resident L in e s , L td .,
et al.

NOTICE OF AGREEMENTS FILED WITH
COMMISSION FOR APPROVAL

Notice is hereby given that the follow ing described agreements have been filed with the Commission for approval pur suant to section 15 of the Shipping Act, 1916, as amended:
Agreement 7840-10, between the mem ber lines of the Atlantic Conference, adds to Art. 8, Annex No. 1, of Agreement No. 7840, as amended, an additional com mentary which provides that officers and employees include pensioned officers and employees and their wives and depend ent children under 18 years of age, pro vided they are not engaged in any other business and receive free transportation from the railroad, and provided further that the railroad grants reciprocal privi leges to pensioned employees of the lines.
The original commentary provides that officers and employees of terminal rail roads may be allowed the 25% reduction on one-way or round-trip ocean fares allowed railroad officers and employees.
Agreement 7840 covers the establishment of the Atlantic Conference, the purpose of which is to promote and cultivate trans-Atlantic travel, maintain coopera tion among the member lines, establish and maintain equitable fares, regulate commissions, coordinate action, har monize policies and regulate conditions generally for or in connection with the transportation of passengers in the trade between all ports of European, Mediterranean, and Black Sea countries,
also the ports of Morocco, Madeira and the Azores Islandsand all ports on the East Coast of North America United States, Canada and Newfoundland, also United States Gulf ports.
Agreement 7716, between American President Lines, Ltd. originating car rier and Alcoa Steamship Company, Inc. West Indies carrier, covers trans portation of general cargo under through bills of lading in the trade from Japan, China including Hongkong, Federation of Malaya, Colony of Singapore and In donesia to the Virgin Islands, with trans shipment at New York. Through rates will be named by the originating carrier and will be filed with the U. S. Maritime Commission. The basis for apprtionment of through rates and division of transshipment expense is set forth in the agreement.
Agreement 7554-5, between Aktieselskapet Ivarans Rederi, Skibsaktieselskapet Igadi, A/S Besco, and A/S Lise, amends the joint service agreement No.
7554, as amended of the Ivaran LinesFar East Service by adding to Article 2
thereof new provisions stating that 1
bills of lading and passenger tickets shall clearly show the name of the carrier party to Agreement 7554 for whose account the vessel is operated, 2 con ference deposits shall be made by Aktieselskapet Ivarans Rederi on behalf of all the parties, and 3 conference expenses not directly chargeable to a vessel shall be apportioned and borne pro rata among the parties in accordance with the num ber of vessels which they shall respec tively contribute to the joint service.
Agreement 7554 covers the establishment and maintenance by the parties of a joint cargo service with limited passenger ac commodations under the trade name Ivaran Lines-Far East Service in the trade between U. S. Atlantic and Gulf ports including loading and discharg ing of part or full cargoes at U. S.
Pacific Coast ports, but excluding trans portation within the purview of the U. S.
Coastwise laws and Japan, Korea, For mosa, Siberia, Manchuria, China, Indo china, Siam, the Philippine Islands, Straits Settlements, Malayan Peninsula, Java, Netherlands East Indies, Celebes ahd Borneo.
Interested parties may inspect these agreements and obtain copies thereof at the Commissions Office of Regulation, Washington, D. C. and may submit to the Commission within 20 days after publication of this notice written state ments with reference to any of the agree ments and their position as to approval, disapproval, or modification, together with request for hearing should sucfi hearing be desired.
Dated: August 10, 1949.
By order of the United States Mari time Commission.
seal
A. J. W illiam s , Secretary.
F. R. Doc. 49-7821; Filed, Sept. 27, 1949;
8:53 a. m.