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FEDERAL REGISTER, Thursday, February 13, 1941

948

Washington, D. C. On such day the hearing-room clerk in Room 1102 will advise as to the room where such hear ing will be held.
It is fu rther ordered, That William W.
Swift 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 such hearing is hereby au thorized to exercise all powers granted to the Commission under section 18 c of said Act and to a trial examiner under the Commissions Rules of Practice.
It is fu rther ordered, That, without limiting the scope of issues presented by said application, particular attention will be directed at said hearing to the fol lowing matters and questions:
1 Whether the sale of the Terra Haute Division will redound to the in terests of the investors and consumers;
and 2 Whether the accounting treatment to be accorded the sale of the publicutility assets of the Indiana Gas Utilities Company on the books of Central U. S.
Utilities Company conforms to the Com missions Uniform System of Accounts for Public Utility Holding Companies and correct accounting practice.
By the Commission.
F rancis P. B rassor,
seal

Secretary.

F. R. Doc. 41-1047; Filed, February 12, 1941;
11:35 a. m.

File No. 70-246
In
of C olumbia E lectric C orporation
the
M atter
and to the Federal Power Commission in the sum of $150,000 for the benefit of certain customers of Home Gas Com pany; and Said declaration having been filed on February 5, 1941, and an amendment thereto having been filed on February 7, 1941, and notice of said filing having been duly given in the form and manner prescribed by Rule U-8 promulgated un der said Act, and the Commission not having received a request for a hearing with respect to said declaration within the period specified in said notice, or otherwise, and not having ordered a hearing thereon; and the above-named party having requested that said declara tion, as amended, be permitted to become effective before February 13, 1941, when the time fixed by the order of the Fed eral Power Commission for the filing of said bond expires; and The Commission deeming it appropri ate in the public interest and in the in terest of investors and consumers to per mit said declaration, as amended, pur suant to Rule U-12B-1 to become effec tive, and being satisfied that the date of permitting said declaration, as amended, to become effective should be advanced;
It is hereby ordered, Pursuant to said Rule U-8 and the applicable provisions of the Act, subject to the terms and con ditions prescribed in Rule U-9, that the aforesaid declaration, as amended, be and the same hereby is permitted to be come effective forthwith.
By the Commission. Commissioner Healy dissented for the reasons set forth in his memorandum of April 1, 1940.
seal

F rancis P . B rassor,
Secretary.

G as &

ORDER PERM ITTIN G DECLARATION TO BECOME
EFFEC TIV E

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 February, A. D. 1941.
The above-named person having filed a declaration pursuant to the Public Util ity Holding Company Act of 1935, partic ularly Rule U-12B-1 promulgated there under, with respect to extending its credit to Home Gas Company, its wholly-owned subsidiary, by becoming surety on a bond to be executed by Home Gas Company as principal, pursuant to order of the Fed eral Power Commission, said bond bind ing the companies to the United States
F. R. Doc. 41-1049; Filed, February 12, 1941;
11:35 a. m.

File No. 70-249
In
th e
M atter of B irmingham G as C ompany
N OTICE REGARDING FILIN G

At a regular session of the Securities and Exchange Commission, held at its office in the City of Washington, D. C., on the 12th day of February, A. D. 1941.
Notice is hereby given that an applica tion has been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 by the above named party; and
Notice is further given that any inter ested person may, not later than March 1, 1941, at 1:00 P. M., E. S. T., request the Commission in writing that a hear ing be held on such matter, stating the reasons for such request and the nature of his interest, or may request that he be notified if the Commission should order a hearing thereon. At any time thereafter such application, as filed or as amended, may be granted, as provided in Rule U-8 of the Rules and Regulations promulgated pursuant to said Act. Any such request should be addressed: Sec retary, Securities and Exchange Commis sion, Washington, D. C.
All interested persons are referred to said application, which is on file in the office of said Commission, for a state ment of the transactions therein pro posed, which are summarized below:
The applicant, a public utility subsid iary in the system of Community Gas and Power Company, a registered hold ing company, proposes to issue and sell on April 1,1941, to Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin, $5,850,000 principal amount of First Mortgage Bonds, 3% % Series Due 1971, at a price of 105.02% of the principal amount thereof. The bonds are to be secured by a first lien on all of applicants physical property and franchises with certain minor excep tions, evidenced by an indenture of mortgage to Chemical Bank & Trust Company, New York, as trustee.
Proceeds of such sale will be devoted to the redemption of $5,850,000 principal amount of applicants First Mortgage Gold Bonds, 5% Series Due 1959, at 103.75% of their principal amount; to the payment of a fee of $29,250 to Hal sey, Stuart & Co., Inc., for its services in negotiating such sale and in assist ing and advising applicant in other re spects in connection therewith; and to the payment of estimated expenses of $39,910.
The issuance and sale of said bonds have been approved by the Alabama Public Service Commission on January 27, 1941. Applicant has designated sec tion 6 b of the Public Utility Holding Company Act of 1935 as applicable to the proposed transaction.
By the Commission.
seal

F rancis P . B rassor,
Secretary.
F. R. Doc. 41-1048; Filed, February 12, 1941;
11:85 a. m.