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598

FEDERAL REGISTER,
I t is further ordered, That this order shall become effective on January 1, 1939.
By the Commission, division 4.
seal W. P. B a r t e l , Secretary.
F. R. Doc. 39-444; Plied, February 7, 1939;
12:06 p. m.J

Wednesday , February 8, 1939

its office in Washington, D. C., on the 2nd day of February, A. D. 1939.
The matter of expenditures by Class I
Steam Railroads, amounting in the ag gregate to $5,000, or more per annum, made to others than employees, being under consideration:

I t is ordered, That each and every Class I Steam Railroad subject to the provi sions of Section 20 of the Interstate No. 3666
Commerce Act, shall submit to the Bu O rder i n t h e M a t t e r o f R e g u l a t io n s reau of Accounts, Interstate Commerce Commission, at intervals of six months, f o r T r a n s p o r t a t io n o f E x p l o s iv e s a n d the following information, each report O t h e r D a n g e r o u s A r t ic l e s to be filed in duplicate within 30 days Present: Prank McManamy, Commis after the close of the period to which it sioner, to whom the above entitled mat relates and the first report to be for the ter had been assigned for action thereon. six months ending June 30, 1939:
The matter of regulations for the safe 1. An itemized report showing amounts transportation of dangerous articles recoverable by the carrier whose ac other than explosives by freight by land counts are rechecked.
being under further consideration:
2. An itemized report showing the I t is ordered, That, upon applications filed by American Car & Foundry Com amounts due by the carrier whose ac pany and General American Transporta counts are rechecked.
3. An itemized report showing the fees tion Corporation, order in No. 3666, Spe cial Series A, dated November 5, 1937,1 paid to outside rechecking agencies.
4. An estimate in detail of what the be and is hereby amended to provide for construction, operation in experimental cost of rechecking would be if the work service, and reporting of a total of twenty had been performed by the carriers own 20 additional tank cars with riveted forces.
5. A statement setting forth reasons aluminum tanks, to be constructed in accordance with shipping container spec for employing outside concerns instead ification 103AL, embodied in and made of using its own employees.
By the Commission, division 4.
part of aforesaid order, fifteen 15 cars seal W. P. B a r t e l , for American Car & Foundry Company Secretary.
and five 5 cars for General American Transportation Corporation, such twen P. R. Doc. 39-443; Piled, February 7, 1939;
ty 20 additional cars to comply in all 12:06 p. m.
respects with aforesaid order, as hereby amended, and be authorized for trans portation of ethyl acetate, acetone, meth Notices anol, and butyraldéhyde;
I t is further ordered, That the afore said order as amended herein be and shall remain in full force and shall be SECURITIES AND EXCHANGE COM
observed until further order o f the MISSION.
Commission;
I t is further ordered, That the author United States of America Before the Securities and Exchange Commission ity granted herein be and is hereby made effective on and after the date of ap A t a regular session of the Securities proval and publication thereof;
And it is further ordered, That copies and Exchange Commission, held at its of this order be served upon all the re office in the City of Washington, D. C., spondents herein, and that notice to the on the 2nd day of February A. D. 1939.
public be given by posting in the office P ile No. 31-417
of the Secretary of the Commission at I n t h e M a tter o f C o n s o l id a t e d E l e c t r ic Washington, D. C.
a n d G as C o m p a n y Dated at Washington, D. C., this 1st day of February, 1939.
ORDER G R ANTIN G E X E M P T IO N
By the Commission, Commissioner M c Consolidated Electric and Gas Com Manamy.
pany, a registered holding company, seal W. P. B a r t e l , having made application pursuant to Secretary.
Section 3 b of the Public Utility Hold P. R. Doc. 39-442; PUed, February 7, 1939; ing Company Act of 1935 for an order 12:06 p. m..
of the Commission exempting its subsid iaries. The Islands Gas and Electric Company, Compagnie dEclairage Elec E x p e n d it u r e s b y C l a s s I S t e a k R a il r o a d s trique des Villes de Port-au-Prince et du Cap Hatien, Compañía Eléctrica de order Santo Domingo, C. por A., Sociedad A t a session of the Interstate Com Anónima Industrial del Este, Gas y Elec merce Commission, Division 4, held at tricidad, S. A., Manila Gas Corporation, Union Eléctrica de Canarias, S. A., Tranvías de la s Palmas, S. A., and Porto 12 P. R. 2462 2861 D I .

Rico Gas & Coke Company, fr o m the provisions of said Act applicable to them as subsidiaries of a registered holding company; the record in this m a t t e r h av ing been duly considered;1 a n d th e C om
mission having made a p p r o p r ia t e find ings of fact;
I t is ordered, That said The Islands Gas and Electric Company, C om p agn ie dEclairage Electrique des Villes d e P o rtau-Prince et du Cap Haitien, C o m p a ñ ía Eléctrica de Santo Domingo, C . p or A., Sociedad Anónima Industrial d e l Este, Gas y Electricidad, S . A., M a n i l a G as Corporation, Union Eléctrica de C a n a
rias, S . A., Tranvías de Las P a lm a s , S.
A., and Porto Rico Gas & Coke C om pany, be and they are hereby exempted to the extent specified from certain provisions of the Act applicable to them as sub sidiary companies of Consolidated Elec tric and Gas Company, a registered hold ing company as follows:
a Section 6 of the Act, except that this exemption shall not extend to any issue or sale of securities which are to be offered for sale within the United States other than to Islands Gas and Electric Company, or to any exercise of a privi lege or right to alter the priorities, pref erences, voting power, or any other right of the holders of any se c u rity which, prior to the exercise of such p rivilege or right shall have been offered for sale within the United States, other th a n se curities which are owned or held, directly or indirectly, by associate c om p an ie s in the United States;
b Section 9 of the Act, except that this exemption shall not apply to th e ac quisition of any utility assets located within the United States or to the acqui sition of any interest in the business of, or securities issued or guaranteed b y any public utility or holding company, w hich directly or indirectly, owns or controls utility assets located within the U nited States;
c Section 13 of the Act w it h respect to any transactions, except the p erfo rm
ing of services or construction fo r, o r the sale of goods to any public-utility hold ing company, or subsidiary t h e r e o f which is a public-utility company, operatin g within the United States;
d Section 17 c of the Act; a n d e Section 15 of the Act, unless rules, regulations or orders promulgated b y the Commission pursuant to the provisions of such section shall by their term s be made expressly applicable to a com pany which is not, and which has no subsidiary company which is, a public-utility com pany operating in the United States; and f Sections 11 g and 12 e of the Act provided, however, that such exemp tion shall not be applicable to any solici tation regarding any securities, other than securities owned by Consolidated Electric and Gas Company, or other as sociates of the issuer, which have been the subject of a public offering within the United States.

3 P. R. 3047 DI.