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3718

FEDERAL REGISTER, Friday, August 25, 1939

The remainder of the proceeds derived First Mortgage Bonds of Operating from sale of portfolio securities having Companies maturity dates subsequent to March 31, Pennsylvania Electric Company: Penn 1940, of companies which are not pre Public Service CorporationFirst and dominantly public utility companies to refunding mortgage bonds, Series C, 6% be invested in the following preferred due 1947; First and refunding mortgage stocks and debentures:
bonds, Series D, 5% due 1954; First and refunding mortgage bonds, Series F, 4%
Operating Company Debentures due 1971; First and refunding mortgage Florida Power Corporation: 5% Sink bonds, Series G, 4% due 1961; First and refunding mortgage bonds, Series H, 5% ing Fund debentures due 1946.
due 1962.
Operating Company Preferred Stocks Erie Lighting Company: First mort Metropolitan Edison Company: $5, $6, gage fifty-year 5% sinking fund bonds, and $7 Prior Preferred Stocks; and $5, due 1967.
South Carolina Electric & Gas Com $6, and $7 Cumulative Preferred Stocks.
New Jersey Power and Light Company:
pany: Broad River Power Company First and refunding mortgage 5% bonds, $5 and $6 Cumulative Preferred Stocks.
Nerw York State Electric & Gas Corpo Series A, due 1954; The Parr Shoals Power CompanyFirst mortgage 5% ration: 5 V2 % Cumulative Preferred Stock.
sinking fund bonds due 1952.
Florida Power Corporation: 7% Cumu Eastern Shore Public Service Com pany: First mortgage and first lien lative Preferred Stock; 7% Cumulative twenty-year 5%% bonds, Series A, due Preferred Stock, Series A.
Eastern Shore Public Service Com 1947; First mortgage and first lien twenty-five year 5% bonds, Series B, due pany: $6 and $6.50 Cumulative Preferred Stock.
1955.
The Maryland Light and Power Com Holding Company Debentures F. R. Doc. 39-3119; Filed, August 24, 1939; pany: First mortgage 5 V2% bonds, Se NY
PA NJ Utilities Company: Metro 10:29 a. m.
ries A, due 1950.
Florida Power Corporation: First politan Edison Corporation6% Secured mortgage 4% bonds, Series C, due 1966. Unconsolidated Refunding Bond due 1961. Mohawk Valley Company6%
Florida Public Service Company: First Consolidated Refunding Bond due 1981, SECURITIES AND EXCHANGE COM mortgage 4% bonds, Series C, due 1955. 6% Consolidated Refunding Bond due Virginia Public Service Company: 1991, 6% Debenture due 2031; Rochester MISSION.
Newport News and Hampton Railway, Central Power Corporation5% Deben United States of AmericaBefore the Gas and Electric CompanyFirst and tures, Series A due 1953; 5% Secured De Securities and Exchange Commission refunding mortgage 5% bonds, due 1944. bentures due 1956.
Long Island Water Corporation: First

At a regular session of the Securities mortgage 5
bonds Series due 1955.
All other funds available for invest and Exchange Commission, held at its Metropolitan Edison Company: First office in the City of Washington, D. C., mortgage bonds, Series D, 4x/2% due ment to be invested in the aforemen tioned first mortgage bonds.
on the 17th day of August, A. D. 1939.
1968; First mortgage bonds, Series E, A hearing on said application as 4% due 1971; First mortgage bonds, Se amended having been duly held after File No. 46-136
ries G, 4% due 1965; York Haven Water appropriate notice; the record in this I n th e M atter o f U t il it ie s E m ployees and Power Company5% Fifty-Year matter having been examined; and the S ecurities C ompany bonds due 1951.
Commission having made and filed its New York State Electric & Gas Cor findings herein;
ORDER EXEMPTING INVESTM ENT PROGRAM
poration: Elmira Water, Light and Rail It is ordered, That the proposed in Utilities Employees Securities Com road CompanyFirst consolidated mort vestment program of applicant be and pany, a subsidiary company of Associ gage 5% fifty-year gold bonds due 1956; the same hereby is exempt from the ated Gas and Electric Company, a reg First mortgage bonds, 4% Series due provisions of section 9 a 1 of the istered holding company, having duly 1965; First mortgage bonds, 4 V2 % Series Public Utility Holding Company Act of filed with this Commission an applica due 1960; First mortgage bonds, 3%% 1935, subject, however, to the following tion pursuant to section 9 c 3 of the Series, due 1964.
conditions:
Public Utility Holding Company Act of Tracy Development Company: First 1. That the prosecution of the pro 1935, seeking an exemption from the mortgage 6% bonds due 1944.
posed investment program shall be in provisions of section 9 a 1 of said Northern Pennsylvania Power Com compliance with the terms and condi Act, or in the alternative pursuant to pany: First and refunding mortgage tions of, and for the purposes repre section 10 a 1 of said Act, for the bonds, Series A 5% due 1956; First and sented by, said application as amended;
approval of a program of investing its refunding mortgage bonds, 5% Series 2. That applicant report to this Com future available funds;
due 1962.
mission, on the twentieth day of each The program as embodied in the ap Staten Island Edison Corporation:
plication providing for the investment Richmond Light and Railroad Com month following the date of the order of at least sixty per centum of all pro pany4% First and collateral trust herein, all acquisitions of securities ceeds derived from the sale of appli purchase money mortgage fifty-year during the preceding month. Such re port shall, as to income bonds and notes cants portfolio securities having ma bonds due 1952.
of Utilities Employees Securities Com turity dates subsequent to March 31, New Jersey Power & Light Company: pany aijd as to debentures of New Eng 1940 of companies which are not pre dominantly public utility companies in First mortgage bonds, 4&% Series due land Capital Corporation reacquired during such preceding month from such the following first mortgage bonds of 1960.
employees or their estates, show the associate and affiliate companies:

of the Pair Labor Standards Act of 1938
and Part 526 of the Regulations issued thereunder, to the branch of the lumber industry in the States of Michigan, Min nesota and Wisconsin, which is engaged in spring freshet driving, and Whereas no objection and request for hearing was received by the Administra tor within fifteen days following the pub lication in the F ederal R egister of the said preliminary determination.

Now, therefore, pursuant to Section 526.5 c of the Regulations, the Admin istrator hereby finds upon the prima facie case shown in the said application th at the spring freshet driving branch of the lumber industry in the States of Michigan, Minnesota and Wisconsin is a seasonal industry within the meaning of Section 7 b 3 of the Fair Labor Standards Act of 1938 and the Regula tions issued thereunder and, therefore, is entitled to the exemption provided in Section 7 b 3 of the said Act.
Signed at Washington, D. C., this 22nd day of August, 1939.
E lmer F. A ndrew s , Administrator.