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FEDER AL REGISTER, Tuesday, October 15, 1940

4084

SECURITIES AND EXCHANGE COM
MISSION.

File No. 59-15
In
t h e M atter o f N o r th er n N e w E n g
land C o m pa n y , N e w E ngland P u b l ic S erv ice C o m pa n y R espo n d en ts
Pile No. 70-138
In
the
M atter
of
H o m e G as C o m pa n y
ORDER PERMITTING WITHDRAWAL OF
APPLICATION

At a regular session of the Securities and Exchange Commission held at its office in the City of Washington, D. C., on the 10th day of October, A. D. 1940.
Home Gas Company having filed with this Commission a request for the with drawal of the following described appli cation filed August 14, 1940 pursuant to Section 10 of the Public Utility Holding Company Act of 1935:
An application by Home Gas Company to acquire all the assets, except cash, of Eastern Pipe Line Company for $262,801.79, both companies being whollyowned subsidiaries of Columbia Gas &
Electric Corporation, which was to ad vance the purchase money to Home Gas Company on open account:
It is ordered, That permission for the withdrawal of said application by Home Gas Company be, and the same hereby is, granted.
By the Commission.
seal
ORDER POSTPONING HEARING

At a regular session of the Securities and Exchange Commission held at its of fice in the City of Washington, D. C., on the 11th day of October, A. D. 1940.
The Securities and Exchange Commis sion having on the 11th day of Septem ber, 1940, issued an order pursuant to section 11 b 2 of the Public Utility Holding Company Act of 1935 wherein Northern New England Company and New England Public Service Company were made respondents; and Said order having set the matter down for hearing on the 14th day of October, 1940 j1 and Said respondents having applied for a postponement of said hearing to a date not earlier than December 10, 1940; and The Commission having considered said application and the allegations therein contained:
It is ordered, That the hearing in the foregoing m atter be postponed until No vember 7, 1940, at 10:00 in the forenoon.
By the Commission.

F ra n cis P . B rassor ,
sea l

F rancis P . B rassor ,
Secretary.

Secretary.
F. R. Doc. 40-4318; Piled, O ctober 12, 1940;
11:48 a. m .

P. R. Doc. 40-4319; Filed, O ctober 12, 1940;
11:48 a. m .

File Nos. 43-237, 46-162
In
t h e M atters o f C o pp e r P o w e r C o m pa n y and t h e C o rpo ra tio n
the
M atter dated
o f M ic h ig a n C o n s o l i
G as C o m pa n y
ORDER FOR HEARING

ORDER CONSENTING TO WITHDRAWAL OF AP
PLICATION AND DECLARATION PURSUANT TO
THE PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935

At a regular session of the Securities and Exchange Commission, held at its office in the City of Washington, D. C., on the 11th day of October, A. D. 1940.
The applicant and declarant in the above matters having requested the con sent of the Commission to the withdrawal of the supplemental application and declaration filed herein, advancing as reasons therefor the payment and satis faction of the notes in the principal amount of $78,500 by the Copper District Power Company, the extension of which was the subject of such application and declaration; and the Commission finding th at such consent should be granted;
It is so ordered.
By the Commission.
sea l

Pile No. 70-163

D i s t r i c t In M id d le W est
F rancis P . B rassor ,
Secretary.
P. R. Doc. 40-4320; Piled, O ctober 12, 1940;
11: 48 a. m .

At a regular session of the Securities and Exchange Commission held at its office in the City of Washington, D. C., on the 10th day of October, A. D. 1940.
A declaration or application or both having been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 by the abovenamed person or persons, and notice having been given of the filing thereof by publication in the F ederal R eg ister and otherwise as provided by Rule U-8
under said Act; and It appearing to the Commission that it is appropriate and in the public in terest and the interests of investors and consumers that a hearing be held with respect to said declaration or application or both and that said declaration shall not become effective or said application be granted except pursuant to further order of the Commission, and th at at said hearing there be considered, among other things, the various matters here inafter set forth;
15 F.R. 3735.

It is ordered, That a hearing on such matter under the applicable provisions of said Act and the Rules of the Commis sion thereunder be held on October 24, 1940, at 10:00 A. M. at the offices of the Securities and Exchange Commission, 1778 Pennsylvania Avenue NW., Wash ington, D. C. On such day the hearingroom clerk in Room 1102 will advise as to the room where such hearing will be held.
At such hearing, if in respect of any declaration, cause shall be shown why such declaration shall become effective.
It is further ordered, That Charles S.
Lobingier or any other officer or officers of the Commission designated by it for that purpose shall preside at the hearings in such matter. The officer so designated to preside at any such hearing is hereby authorized to exercise all powers granted to the Commission under section 19 c of said Act and to a trial examiner under the Commissions Rules of Practice.
It is further ordered, That without limiting the scope of issues presented by said application or declaration particular attention will be directed at said hear ing to the following matters and ques tions:
The application in question is for the approval of the acquisition of a certain gas field in Mecosta County, Michigan, known as the Austin field, from W. C.
Taggart et al. for a proposed cash con sideration of approximately $800,000.
The applicant states that the primary reason for acquiring title to this gas field is to use it to store natural gas.
The proposed acquisition of the prop erty is stated to be the first step in a general program which the Company believes will enable it to continue com plete natural gas service to its customers in all the districts now served by it.
Applicant states that it would be eco nomically practicable to purchase gas from Panhandle Eastern Pipeline Com pany during the summer months, for use during the fall and winter months in the Detroit, Grand Rapids and Muske gon districts. For that purpose the con struction of a pipe line from the Detroit area to the Austin gas field would be necessary.
Applicant is at present purchasing natural gas, originating in the Austin field, for use in the Muskegon service area under contracts which entitle ap plicant to purchase all of the natural gas down to a rock pressure of 50 pounds per square inch.
At said hearing particular attention will be directed to the following matters and questions:
1 Whether the consideration pro posed to be paid for such acquisition is reasonable and bears a fair relation to the sums invested in or the earning ca pacity of the property to be acquired.
2 Whether applicant has a precise and comprehensive program for intercon-