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-rtONAL

REGSTER

FEDERAL
9 3 4

VOLUME 6

f i
NUMBER 58

AilTED

Washington, Tuesday, March 25, 1941
Rules, Regulations, Orders TITLE 17COMMODITY AND SECURI
TIES EXCHANGES
CHAPTER IISECURITIES AND
EXCHANGE COMMISSION
P art
270I n vestm ent C om pa ny A ct of 1940

AMENDMENT TO RULE GRANTING TEMPORARY
EXEMPTION FROM CERTAIN SECTIONS OF
THE ACT TO CERTAIN COMPANIES ENGAGED
IN THE BUSINESS OF ISSUING PERIODIC
PAYMENT PLAN CERTIFICATES

2 Such person is bound, by written agreement with the purchasers of such certificates, to take no deductions from subsequent payments except in accord ance with an order of the Commission granting the application under section 27 b 1 or in accordance with the re quirements of section 27 a 1 if such application is denied.
3 Such certificates are effectively registered under the Securities Act of 1933.
Effective March 21,1941.
By the Commission.
seal

F rancis P . B rassor ,
Secretary.

Acting pursuant to the Investment F. R. Doc. 41-2103; Filed, M arch 21, 1941;
Company Act of 1940, particularly sec 3:28 p. m .
tions 6 c and 38 a thereof Sec. 6, 54
Stat. 800; sec. 38, 54 Stat. 84 1 , and deeming the amendment hereinafter pro vided appropriate in the public interest TITLE 29LABOR
and consistent with the protection of in vestors and the purposes fairly intended l CHAPTER VWAGE AND HOUR
by the policy and provisions of the Act, DIVISION
the Securities and Exchange Commis sion hereby amends 270.6C-1 Rule P art 516R egulations on R ecords T o B e K ept by E m plo y er s P ursuant to S ec
N-6C-1 by adding the following para t io n 11 c o f t h e F air L abor S tand
graph e :
ards A ct 270.6c-l. Temporary exemption for certain companies issuing periodic pay The following amendments to Regula ment plan certificates.
tions, Part 516 Regulations on records

to be kept by employers pursuant to sec tion 11 c of the Fair Labor Standards e Notwithstanding the second sen Act of 1938, are hereby issued. The tence of paragraph d, any person who footnote to 516.1 h is amended so as is exempted by this rule from the pro to conform to paragraphs 6 through 9 of visions of section 27 a 1 of the Act may, Interpretative Bulletin No. 3 by indicat without terminating his exemption from ing that 516.1 h applies where over such provisions, issue or sell periodic pay time is worked as well as where the cash ment plan certificates which provide for wage is below the minimum wage. The sales load deductions in amounts greater final footnote to 516.4 f ii is than the amounts deducted for sales load amended so as to include in computa from corresponding payments on certifi tions of regular rate of pay the reason cates issued or sold by such person on able cost to the employer of furnishing August 22, 1940, if the following condi board, lodging and other facilities and to tions are met:
limit exclusions from regular rate of pay 1 Deductions from the first twelve computations to gifts or gratuities and monthly payments, or their equivalent, do extra compensation for overtime.
Such amendments shall become effec not exceed the amounts permitted to be tive upon March 25, 1941, after the pub deducted under section 27 a ,l lication thereof in the F ederal R egister 1 Sec. 27, 54 S tat. 829.
and shall be in force and effect until
CONTENTS
RULES, REGULATIONS, ORDERS
T it l e 17 C o m m o dity t ie s E xcha n ges :

and
S e c u r i
Securities and Exchange Com mission:
Pa8e Investment Company Act of 1940, temporary exemp tion to companies issuing periodic payment plan certificates, amendment 1583
T it l e 29L abor :
Wage and Hour Division:
Regulations on records to be kept by e m p l o y e e s , amendment____________ 1583
U tle 30M in eral R eso u r c e s :
Bituminous Coal Division:
Minimum price schedules, re lief granted; petitions of:
District No. 1____
1586
District No. 7_.__________ 1593
District No. 8___________ 1584
District No. 10__________ 1587
District No. 15 2 docu ments__________ 1588, 1592
T it l e 32 N ational D e f e n s e :
Council of National Defense:
Aluminum scrap and second ary aluminum ingot, price schedule__________ 1593
Office of Production Manage ment:
Aluminum distribution, pref erence ratings for deliv eries 2 documents_ 1598,1599
Labor Division established___ 1598
Research and Statistics Bu reau established________ 1597
Status of divisions defined:
Priorities Division________ 1596
Production Division______ 1595
Purchases Division_______ 1595
NOTICES
Department of Commerce:
Civil Aeronautics Authority:
Hearings:
All American Aviation, Inc. 1614
Eastern Air Lines, Inc., et a l________________ 1614
Wilmington-Catalina Air line, Ltd., et al_______ 1614
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1583