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NOTICES

910

in violation of paragraph c 1 of Or der VHP-1, as amended October 7, 1946.
Mr. Brousseau does not desire to contest the charge made, and has consented to the issuance of this order.
Wherefore, upon the agreement and consent of Mr. Roy Brousseau, the Re gional Compliance Director, and the-Re gional Attorney, and upon the approval of the Compliance Commissioner, It is hereby ordered, That:
a Neither Roy Brousseau, his suc cessors or assigns, nor anyother person acting in his behalf, shall do any further construction on the premises located at 15 W. Portal Ave., San Francisco, Cali fornia, including building or altering the structure unless and until the work shall hereafter be subsequently authorized by the Civilian Production Administration.
b Nothing in this order shall pre vent said Roy Brousseau from complet ing the work at the above address pro vided the same is authorized by the Civil ian Production Administration.
c Nothing contained in this order shall be deemed to relieve Roy Brous seau, his successors or assigns, from any restriction, prohibition or provision con tained in any other order or regulation of the Civilian Production Administra tion, except insofar as the same may be inconsistent with the provisions hereof.
Issued this 5th day of February 1947.
Civilian P roduction A dministration, By J. J oseph W helan,
Recording Secretary.

F. R. Doc. 47-1210; Piled, Peb. 5, 1947;, 4:26 p. m.

and Share Company Bond and Share and its wholly-owned service company subsidiaries, Ebasco Services, Incorpo rated, and Phoenix Engineering Corpo ration on the one hand, and National Power & Light Company National , its subsidiaries and certain of its former subsidiaries on the other hand; such plan being a step in compliance with the Commissions order of August 23, 1941
directed to the dissolution of National, pursuant to section 11 b 2 of the act;
and
The Commission having, by said order,, reserved jurisdiction with respect to all legal fees and expenses to be paid in connection with the plan, except the fees to be paid in connection with the actions brought by stockholders of Na tional; the record having been completed with respect to the legal services of Simp son, Thacher &Bartlett, counsel for Bond and Share in connection with the afore said plan; and It appearing to the Commission that the fee of Simpson, Thacher & Bartlett in the amount of $20,000 and their ex penses in the amount of $706.92 are not unreasonable:
It is ordered, That jurisdiction over the fee and expenses to be paid to Simp son, Thacher & Bartlett by Bond and Share in connection with the above transaction be, and the same hereby is, released; and It is further ordered, That the juris diction heretofore specifically reserved with respect to all other legal fees and expenses be, and the same hereby is, continued.
By the Commission.
seal!

SECURITIES AND EXCHANGE
COMMISSION
Pile Nos. 64-51, 59-12
E lectric B ond and S hare C o. et al.
ORDER RELEASING JURISDICTION OVER CER
TAIN FEES AND EXPENSES

At a regular session of the Securities and Exchange Commission held at its of fice in the City of Philadelphia, Penn sylvania on the 31st day of January A. D.
1947.
In the m atter of Electric Bond and Share Company, et al., National Power & Light Company, et al., File No. 54-51, Application 10, Part E; Electric Bond and Share Company, National Power & Light Company, et al., File No. 59-12.
The Commission having, by order dated May 28,1946, approved a plan un der section 11 e of the Public Utility Holding Company Act of 1935 providing for the compromise, settlement and dis charge of claims between Electric Bond
Orval L. D u B ois ,
Secretary.
F. R. Doc. 47-1143; Filed, Feb., 6, 1947;
8:54 a. m.

File No. 70-1381
N orth P enn G as Co. and P ennsylvania G as & E lectric Corp.
ORDER PERMITTING DECLARATION TO BECOME
EFFECTIVE

At a regular session of the Securities and Exchange Commission held at its office in the City of Philadelphia, Pa., on the 31st day of January A. D. 1947.
North Penn Gas Company North Penn , a public utility subsidiary of Pennsylvania Gas &Electric Corporation Penn Corp , both of which are regis tered holding companies, having filed a declaration and an amendment thereto pursuant to the Public Utility Holding Company Act of 1935, particarly sec
tions 12 c, 12 d and 12 f thereof with respect to the donation by Penn Corp to North Penn of all of North Penns$7 cumulative second preferred stock, presently owned by Penn Corp, consist ing of 13,160 shares without par value having a stated value of $1,316,000, and the acquisition of such stock by North Penn for cancellation; the stated value of such stock to be credited by North Penn to its capital surplus account; and The declarants having requested that the Order of the Commission permitting the declaration to become effective con form to the requirements of section 1808
f of the Internal Revenue Code, as amended;
Said declaration having been filed on October 16,1946, the amendment thereto having been filed on December 13, 1946, and the declarants having requested the extension of the effective date thereof to January 31,1947; notice of said filing, asv amended, having been given in the form and manner prescribed by Rule U-23
promulgated pursuant to said act, and the Commission not having received a request for hearing with respect to said declaration, as amended, within the period specified in said notice, or other wise, and not having ordered a hearing thereon;The Commission finding that the ac quisition and cancellation of its second preferred stock by North Penn will re move an existing complication in its cap ital structure; and The Commission finding with respect to this declaration, as amended, that the applicable provisions of the act and the rules thereunder are satisfied, th at no adverse findings are necessary, and deeming it appropriate in the public interest and in the interest of investors and consumers"that said declaration, as amended, be permitted to become effec tive:
; It is hereby ordered, Pursuant to Rule U-23 and the applicable provisions of said act, and subject to the terms and conditions prescribed in Rule U-24, that said declaration be, and the same hereby is, permitted to become effective forth with.
It is further ordered, And the Com mission finds, that the transfer of 13,160
shares of $7 cumulative second pre ferred stock of North Penn by Penn Corp.
to North Penn is necessary or appro priate to effectuate the provisions of sec tion 11 b of the Public Utility Holding Company Act of 1935.
By the Commission.
seal
Orval L DuBois, Secretary.
F. R. Doc. 47-1144; Filed, Feb. 6, 1947;
8:54 a. m.