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4612

NOTICES
Pile No. 70-2432
C olumbia G as S ystem , I nc.
NOTICE REGARDING FILING

At a regular session of the Securities and Exchange Commission, held at its offiice in the city of Washington, D. C., on the 13th day of July 1950.
Notice is hereby given that a declara tion has been filed with this Commission pursuant to the Public Utility Holding Company Act of 1935 by The Columbia Gas System, Inc. Columbia, a reg istered holding company. Declarant has designated section 7 of the act as appli cable to the proposed transaction.
Notice is further given that any in terested person may, not later than July 24, 1950, at 5:30 p. m., e. d. s. t., request the Commission in writing that a hear ing be held on such matter, stating the reasons for such request, the nature of his interest and the issues of fact or law raised by said declaration which he de sires to controvert, or may request that he be notified if the Commission should order a hearing thereon. Any such re quest should be addressed: Secretary, Securities and Exchange Commission, 425 Second Street NW Washington 25, D. C. At any time after July 24, 1950, said declaration, as filed or as amended, may be permitted to become effective as provided in Rule U-23 of the rules and regulations promulgated under the act or the Commission may exempt such transaction as provided in Rules U-20
a and U-100 thereof.
All interested persons are referred to said declaration which is on file in the office of this Commission for a statement of the transaction therein proposed, which is summarized as follows:
Columbia proposes to issue and sell, pursuant to the competitive bidding re quirements of Rule U-50, $90,000,000
principal amount of debentures due 1975.
The new debentures will be issued under an Indenture dated as of June 1,1950, as supplemented by a First Supplemental Indenture, to be dated August 1, 1950.
The proceeds from the sale of the new debentures will be used in part by Colum bia to retire $45,000,000 principal amount of 3X
U percent debentures due 1973 and $33,000,000 principal amount of 3 percent debentures due 1974. The balance of such proceeds will provide funds for the continuance of Columbias 1950 construc tion program.
Columbia states that while it is pres ently of the opinion that a debt ratio of approximately 50 percent is desirable, it believes that a substantial amount of additional borrowing capacity is neces sary during periods of heavy construc tion, when the debt ratio may tempo rarily increase. Columbia further states th at it is its present intention to provide such amounts of additional capital, from time to time, and when market condi tions are favorable, from the sale of com mon stock as together with retained earnings will permit it to maintain a consolidated capital structure having approximately equal amounts of debt and equity.
Columbia desires to invite bids for such new debentures on or about July 26, 1950, and to open the bids received in
response to such public invitation on August 1, 1950. Accordingly, Columbia has requested that the Commissions order with respect to the issuance of the new debentures be issued so as to permit the consummation of the financing on the schedule set forth above and such order permit shortening the period for inviting sealed bids to meet such schedule.
By the Commission.
seal
O rval L. D uB ois ,
Secretary.
F. R. Doc. 50-6231; Filed, July 18, 1950;
8:46 a. m.
File No. 812-675
E quity Corp. and American G eneral Corp.
notice 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 13th jday of July A. D. 1950.
Notice is hereby given that The Equity Corporation Equity and American General Corporation American Gen eral, both of 103 Park Avenue, New York, New York, have filed an applica tion under section 17 b of the Invest ment Company Act of 1940 requesting an order of the Commission exempting from section 17 a of the act, a pro posed transaction whereby Equity will distribute to American General certain shares of the common stock of American General now held by Equity, for 138,200
shares of the common stock of Equity now owned by American General.
Equity and American General are closed-end, management investment companies registered under the act.
Equity owns 76.12 percent of the out standing voting securities of American General.
American General owns 138,200 shares or 2.88 percent of the out standing common stock of Equity which represents 2.80 percent of Equitys out standing voting securities. The number of shares of common stock of American General to be distributed by Equity to American General in the proposed ex change will be determined on the basis of the asset values of both companies as of the close of business of the day im mediately preceding the date of any order of exemption. The proposed transaction involves purchases of securi ties of which the seller is not the issuer by an affiliated person of a registered investment company from such regis tered company. Section 17 a of the act prohibits such transactions unless an exemption therefrom is granted pursu ant to section 17 b of the act.
For a more detailed statement of the matters of fact and law asserted, all per sons are referred to said application which is on file in the offices of the Com mission in Washington, D. C.
Notice is further given that an order granting the application, in whole or in part and upon such conditions as the Commission may deem necessary or ap propriate, may be issued by the Commis sion at any time after August 3, 1950, unless prior thereto a hearing upon the
application is ordered by the Commis sion, as provided in Rule N-5 of the rules and regulations promulgated under the act. Any interested person may, not later than August 1, 1950, at 5:30 p. m., e. d. s. t submit to the Commission in writing his views or any additional facts bearing upon this application or the de sirability of a hearing thereon, or request the Commission in writing that a hearing be held thereon. Any such communica tion or request should be addressed:
Secretary, Securities and Exchange Com mission, 425 Second Street NW., Wash ington 25, D. C., and should state briefly the nature of the interest of the person submitting such information or request ing a hearing, the reasons for such re quest, and the issues of fact or law raised by the application which he desires to controvert.
By the Commission.
seal N ellye A. T horsen, Assistant Secretary.
F. R. Doc. 50-6234; Filed, July 18, 1950;
8:47 a. m.

DEPARTMENT OF JUSTICE
Office of Alien Property Authority : 40 Stat. 411, 55 Stat. 839, Pub.

Laws 322, 671, 79th Cong., 60 Stat. 50, 925; 50
U. ST C. and Suup. App. 1, 616; E. O. 9193, July 6, 1942, 3 CFR, Cum. Supp., E. O. 9567, June 8, 1945, 3 CFR, 1945 Supp., E. O. 9788, Oct. 14, 1946, 11 F. R. 11981.
Return Order 681
F ritz U lrich R ath
and
D orothea R ath
Having considered the claim set forth below and having issued a determina tion allowing the claim, which is incor porated by reference herein and filed herewith, It is ordered, That the claimed prop erty, described below and in the deter mination, be returned, subject to any increase or decrease resulting from the administration thereof prior to return, and after adequate provision for taxes and conservatory expenses:
Claimant, Claim No., Notice of Intention To Return Published, and Property Fritz Ulrich Rath, Cincinnati, Ohio, Claim No. 42465; Dorothea Rath, Ahrensburg, Hol stein, Germany, Claim No. 42466 consoli dated; May 25, 1950 15 F. R. 3204; 57
shares of $100 par value common capital stock of Central American Plantations Corpora tion, a Delaware corporation, registered in the name of the Attorney General of the United States, currently in the safekeeping of the Comptrollers Branch of the Office of Alien Property, 120 Broadway, New York, New York, 28% shares returnable to each claim ant; $4,161.00 in the Treasury of the United States returnable to the claimants in equal shares.

Appropriate documents and papers ef fectuating this order will issue.
Executed at Washington, D. C., on July 13, 1950.
For the Attorney General.
seal
H arold I. B aynton,
Acting Director, Office of Alien Property.
F. R. Doc. 50-6245; Filed, July 18, 1950$
8:49 a. m.