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11280

FEDERAL REGISTER, Friday, August 13, 1943

than 95% nor more than 100% of prin cipal amount, said maximum having been fixed in Americans application and declaration and said minimum having been fixed by a condition in said order;
American, at July 6,1943, having been unable to expend more than $2,176,727 in the purchase of said debenture bonds and having filed an application for a modifi cation and extension of said order of Feb ruary 22, 1943, so as to permit it over a period of four months to employ the un expended portion of said $10,000,000 in purchasing said debentures at prices not in excess of 106% of principal amount, and the Commission having, pending dis position of the issues herein, granted an extension of said order of February 22, 1943, without modification;
A public hearing on said application having been held after appropriate notice; and, the Commission having ex amined the record and having made and filed its findings herein;

It is ordered, That said application be, and hereby is, granted; Provided, how ever, That said order of February 22, 1943, except as herein modified, and con ditions-numbered 2, 3, and 6 to said order remain in full force and effect;
It is further ordered, That conditions numbered 1, 4, 5, and 7 to said order of February 22,1943 be, and hereby are, modified to read as follows:
1 That at least ten days before purchases are commenced under said order of February 22, 1943, as herein modified, American shall advise by letter each known holder of its debentures fully with respect to its modified purchase program, the form of such letter to be submitted to the staff of the Public Util ities Division prior to release;
4 That American shall furnish to the Commission promptly at the end of each week, a schedule showing for each day covered by such schedule the principal amount of debentures of each class purchased on the New York Curb Exchange and the price at which purchased, and with respect to pur
chases other than on the New York Curb Exchange, the identity of the seller, the amount purchased, and the price paid;
5 That no purchases shall be made after the expiration of four months from the date of this order, subject, however, to the right of American to apply for an extension or extensions of such period;
7 That the Commission reserves jurisdiction in its discretion to rescind or further modify its order of February 22, 1943, as herein modified, upon motion of American or on its own motion after notice to American prior to the expiration of such four months extended period or any further extension thereof; any such rescission or modification to be applicable only to such portion of the $10,000,000 as shall not have been previously expended.

By thte Commission.
seal
O rval L. D uB ois,
Secretary.
F. R. Doc. 43-13105; Filed, August 12, 1943;
10:14 a. m.