Voglio sapere a riguardo di…

952

F E D E R A L R E G IS T E R , Mag 8, 1937

o f 25% water, which inform ation was available to the offeror f form ation does not agree with the statement made by you prior to the filin g of the offering sheet w ith the Commission;
in Division n , Item 2 d ;
3
In that the statement no water has been reported , I t is ordered, pursuant to Rule 340 a of the Commis sions General Rules and Regulations under the Securities given in Division n , Item 13, does not agree w ith the in for A ct of 1933, as amended, that the effectiveness o f the filing mation disclosed in Division n , Item 16 a i i i , wherein it o f said offering sheet be, and hereby is, suspended until is shown that w ell 2, located upon the tract involved, has the 5th day of June, 1937; that an opportunity fo r hear produced as high as 87% water;
ing be given to the said respondent fo r the purpose of i 4 In that the representations made in Division II, Item determining the m aterial completeness or accuracy of the 13, should be o f a factual nature, and fo r that reason it is said offering sheet in the respects in which it is herein !not believed that the statement The trend of the structure alleged to be incomplete or inaccurate, and whether the in this area, generally speaking, is thought to be north and said order of suspension shall be revoked or continued; and south, and from the contours projected it appears that the It is further ordered that Charles S. Lobingier, an officer entire Gassoway tract should be productive. is properly of the Commission be, and hereby is, designated as trial included in the inform ation given in this item ;
examiner to preside at such hearing, to continue or ad I t is ordered, pursuant to Rule 340 a of the Commis journ the said hearing from tim e to time, to administer oaths sions General Rules and Regulations under the Securities and affirmations, subpoena witnesses, compel their attend A ct of 1933, as amended, that the effectiveness of the filin g ance, take evidence, consider any amendments to said offer o f said offering sheet be, and hereby is, suspended until the ing sheet as may be filed prior to the conclusion of the 5th day of June, 1937; that an opportunity for hearing be hearing, and require the production of any books, papers, given to the said respondent fo r the purpose of determining correspondence, memoranda, or other records deemed rele the m aterial completeness or accuracy of the said offering vant or m aterial to the inquiry, and to perform all other sheet in the respects in which it is herein alleged to be duties in connection therewith authorized by law; and incomplete or inaccurate, and whether the said order of It is further ordered that the taking o f testimony in this suspension shall be revoked or continued, and proceeding commence on the 21st day of May, 1937, atI t is further ordered that Charles S. Lobingier, an officer 10:30 oclock in the forenoon, at the office of the Securities o f the Commission be, and hereby is, designated as trial and Exchange Commission, 18th Street and Pennsylvania rexaminer to preside at such hearing, to continue or adjourn Avenue, Washington, D. C., and continue thereafter at such the said hearing from tim e to tim e, to administer oaths and times and places as said examiner may designate.
.ffirmfl-tions, subpoena witnesses, compel their attendance, Upon the completion of testimony in this matter the take evidence, consider any amendments to said offering examiner is directed to close the hearing and make his sheet as may be filed prior to the conclusion of the hearing, report to the Commission.
and require the production of any books, papers, correspond By the Commission.
ence, memoranda, or other records deemed relevant or m aterial to the inquiry, and to perform all other duties in seal F r a n c is P. B r asso r , Secretary.
connection therewith authorized by law; and F .B . Doc. 37-1309; Filed, May 7,1937; 12:52 p .m .
I t is further ordered that the taking of testimony in this proceeding commence on the 21st day of May, 1937, at 11:00 oclock in the forenoon, at the office of the Securities United States o f Am erica Before the Securities and Exchange Commission, 18th Street and Pennsylvania and Exchange Commission Avenue, Washington, D. C., and contnue thereafter at such times and places as said examiner may designate.
A t a regular session of the Securities and Exchange Com Upon the completion of testimony in this m atter the mission held at its office in the C ity of Washington, D. C., PYaminer is directed to close the hearing and make his on the 6th day of May, A. D-> 1937.
report to the Commission.
I n t h e M atter o f a n O f f e r in g S h e e t o f a R o y a l t y I nt e r e st By the Commission.
i n th e S i n c l a i r e t a l .- S m i t h F a r m , F ile d o n A p r il 29, seal!
F r a n c is P. B r a s so r , Secretary.
1937, b y L . H . W i t w e r , R e s p o n d e n t F .R . D o c.37-1308; Filed,M ay 7,1937; 12:52 p. m .
SUSPENSION ORDER, ORDER FOR HEARING UNDER RULE 340 A .
AND ORDER DESIGNATING TRIAL EXAMINER

United States o f Am erica Before the Securities and Exchange Commission A t a regular session of the Securities and Exchange Com mission held at its office in the C ity o f W ashington, D. C., chi the 6th day o f May, A. D., 1937.
I n t h e M a t t e r o p a n O f f e r in g S h e e t o f a R o y a l t y I n t e r e s t i n t h e S t a n o l i n d - D ebo r d A F a r m , F il e d o n A p r il 29, 1937, b y R o b e r t L. K i n k a i d , I n c ., R e s p o n d e n t SUSPENSION ORDER, ORDER FOR HEARING UNDER RULE 340 A
AND ORDER DESIGNATING TRIAL EXAMINER

Th e Securities and Exchange Commission, having reason able grounds to believe, and therefore alleging, that the offering sheet described in the title hereof and filed by the respondent named therein is incomplete or inaccurate in the follow ing m aterial respects, to w it:
1 In that the date upon which the inform ation con tained in the offering sheet w ill be out of date, as set forth in Division I, paragraph 8, is not believed to be correct;
2 In that it is not believed that the inform ation given in Division n , Item 16 a i i i , relative to the gross production o f water from the tract involved, truly reflects the current condition of the property by reason of the fa ct that the Commission has inform ation to the effect that said tract, during the month o f March, 1937, was producing in excess
The Securities and Exchange Commission, having reason able grounds to believe, and therefore alleging, that the offering sheet described in the title hereof and filed by the respondent named therein is incom plete or inaccurate in the follow ing m aterial respects, to w it:
1 In that the inform ation given in Division n , Item 1, relative to the number of barrels of oil which must be pro duced before the smallest fractional interest proposed to be offered w ill be entitled to receive one barrel, does not appear to be set forth in the offering sheet in such a manner as to make the inform ation therein given not misleading;
2 In that the statement made in Division H, Item 2 3 In that the lease boundaries of the tract in which the grantees of the proposed m ineral deed attached to the offer ing sheet as Exhibit B w ill participate, are not clearly defined in Exhibit A, and without a fu ll and complete explanation the inform ation given by said Exhibit A m ight be misleading;
It is ordered, pursuant to Rule 340 a of the Commis sions General Rules and Regulations under the Securities A ct o f 1933, as amended, that the effectiveness of the filing of said offering sheet be, and hereby is, suspended until the 5th day o f June, 1937; that an opportunity fo r hearing be given to the said respondent fo r the purpose o f determining