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5958

NOTICES

date of issuance and to bear interest at the rate of l%%-per annum. The dec laration states that the company will re quire about $450.000 to pay anticipated construction costs between the present date and June 30, 1948, and $250,000 to pay a note of like amount due October 29, 1947 the proceeds of which were, in the first instance, used to pay construc tion costs.
Said declaration having been filed on August 1,1947 and the Commission hav ing given notice of said filing in the form and manner prescribed by Rule -23
promulgated pursuant to said act and the commission not having received a request for hearing with respect to said declaration within the period specified in said notice, or otherwise, and the Commission not having ordered a hear ing thereon; and The Commission finding with respect to said declaration that the requirements of the applicable provisions of the act and rules and regulations thereunder are satisfied and that no adverse find ings are necessary thereunder, and deeming it appropriate in the public in terest and in the interest of investors and consumers that said declaration be permitted to become effective:
It is 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 dec laration be, and the same hereby is, per mitted to become effective forthwith.
By the Commission.
seal

N ellye A. T ho rsen ,
Assistant to the Secretary.
F. R. Doc. 47-8232; Piled, Sept. 5, 1047;
8:49 a. m.

Pile No. 70-1585
S alem G as L ight C o.
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 29th day of August A. D. 1947/
Salem Gas Light Company, a subsidi ary company of New England Electric System, a registered holding company, having filed a declaration in which sec tion 7 of the Public Utility Holding Com pany Act of 1935 was designated as ap plicable to the proposed transactions:
Salem Gas Light Company proposes to borrow from The First National Bank of Boston, from time to time, a total amount of $475,000 and, for the purpose of evidencing said indebtedness, to issue its promissory notes to be due not later than one year after date of issuance and to bear interest at the rate of 1%% per annum. The declaration states that the proposed borrowing is, in part, for the purpose of restorings current working funds and, in part, to pay the cost of construction authorized, which, it is ex pected, will be completed by June 30, 1948.
Said declaration having been filed on August 1,1947 and the Commission hav ing given notice of said filing in the form and manner prescribed by Rule U-23 pro
mulgated pursuant to said act and the Commission not having received a re quest for hearing with respect to said declaration within the period specified in said notice, or otherwise, and the Com mission not having ordered a hearing thereon; and The Commission finding with respect to said declaration that the requirements of the applicable provisions of the act and rules and regulations thereunder are satisfied and that no adverse findings are necessary thereunder, and deeming it appropriate in the public interest and in the interest of investors and consumers that said declaration be permitted to be come effective:
It is 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 dec laration be, and the same hereby is, per mitted to become effective forthwith.
By the Commission.
seal

N ellye A. T horsen ,
Assistant to the Secretary.
F. R. Doc. 47-8231; Filed, Sept. 5, 1947;
8:49 a. m.

File No. 70-1586
W achusett E lectric
Co.

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 29th day of August A. D. 1941
Wachusett Electric Company, a sub sidiary company of New England Elec tric System, a registered holding com pany, having filed a declaration in which section 7 of the Public Utility Holding Company Act of 1935 was designated as applicable to the proposed transactions:
Wachusett Electric Company pro poses ter borrow from the First National Bank of Boston, from time to time, a total amount of $430,000 and, for the purpose of evidencing said indebtedness, to issue its promissory notes to be due not later than one year after date of issuance and to bear interest at the rate of. 1V2 % per annum. The declaration stated that the proposed borrowing is, in pa!rt, for the purpose of restoring cur rent working funds and, in part,, to pay the cost of construction authorized and in progress, and anticipated construction costs to June 30, 1948.
Said declaration having been filed On August 1,1947, and the Commission hav ing given notice of said filing 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 within the period specified in said notice, or otherwise, and the Com mission not having ordered a hearing thereon; and The Commission finding with respect to said declaration that the requirements of the applicable provisions of the act and rules and regulations thereunder are satisfied and that no adverse findings are necessary thereunder, and deeming it ap propriate in the public interest and in th
Interest of investors and consumers that said declaration be permitted to become effective;
It is ordered, Pursuant to Rule U-23
and the applicable provisions of said act and subject to the terms and conditions prescribed in Rule -24, th at said decla ration be, and the same hereby is, per mitted to bebome effective forthwith.
By the Commission.
seal

N ellye A. T horsen ,
Assistant to the Secretary.
F. R. Dpc. 47-8229; Filed, Sept. 5, 1947;
8:48 a. m.

File No. 812-508
N ew m o nt M in in g C orporation
et al.

NOTICE OF APPLICATION

In the m atter of Newmont Mining_Corporation, Newmont Exploration Limited, East Utah Mining Company, File No.
812-508.
At a regular session of the Securities and Exchange Commission, held at its office in the city of Philadelphia, Pa., on the 2d day of September A. D. 1947.
Notice is hereby given that Newmont Mining Corporation, a registered invest ment company, has filed an application pursuant to section 17 b of the Invest ment Company Act of 1940 for an order of the Commission exempting from the the provisions of section 17 a of the act a transaction whereby East Utah Mining Company, an affiliated person of the ap plicant, would purchase a certain lease and option agreement on mining prop erty from Newmont Exploration Limited, an affiliated person of Newmont Mining Corporation.
All interested persons are referred to said application which is on file at the Philadelphia, Pennsylvania, offices of this Commission for a more detailed statement of the matters of fact and law therein asserted.
Notice is further given that an order granting the application may be issued by the Commission at any time after September 12, 1947, unless prior thereto a hearing upon the application is or dered by the Commission, as provided in Rule N-5 of the rules and regulations promulgated under the act. Any in terested person may, not later than Sep tember 9, 1947, at 5:30 p. m., submit to the Commission in writing his views or any additional facts bearing upon this application or the desirability of a hear ing thereon, or request the Commission in writing that a hearing be held there on. Any such communication or request should be addressed: Secretary, Securi ties and Exchange Commission, 18th and Locust Streets, Philadelphia 3, Pennsyl vania, and should state briefly the nature of the interest of the person submitting such information or requesting a hear ing, the reasons for such request, and the issues of fact or law raised by the ap plication which he desires to controvert.
By the Commission.
seal

O rval L. D u B ois ,
Secretary.
F. R. Doc. 47-8233; Filed, Sept. 5, 1947;
8:49 a. m.