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6648
directors, or for such longer period as the Commission may prescribe, by order upon application, as not inconsistent with the protection of investors.
First York Corporation is a closedend, management investment company registered under the act. Following the death on August 25, 1950, of a member of the board of directors of the company, five of the eight remaining directors were affiliated with the company in such a manner that the composition of the board of directors no longer complied with the requirements of section 10 a.
The applicant asserts that under the particular circumstances of this case, the board of directors needs more than thirty days in order to make a suitable selection to fill this vacancy. An order of the Commission pursuant to section 10 e is requested, extending until November 8, 1950, the period within which the vacancy on the board of di rectors may be filled so as to comply with the requirements of section 10 a.
For a more detailed statement of the matters of fact and law asserted, all persons 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
NOTICES

part and upon such conditions as the Commission may deem necessary or ap propriate, may be issued by the Com mission at any time after October 12, 1950, unless prior thereto a hearing upon the application is ordered by the Com mission, as provided in Rule N-5 of the rules and regulations promulgated un der the act. Any interested person may, not later than October 10, 1950, at 5:30
p. m., e. s. t., submit to the Commission in writing his views or any additional facts bearing upon this application or the desirability of a hearing thereon, or request the Commission in writing that a hearing be held thereon. Any such communication or request should be ad dressed: Secretary, Securities and Ex change Commission, 425 Second Street NW., Washinton 25, D. C., and should state briefly the nature of the interest of the person submitting such information or requesting a hearing, the reasons for such request, and the issues of fact or law raised by the application which he desires to controvert.
By the Commission.
seal
N ell ye A. T horsen , Assistant Secretary.
F. R. Doc. 50-8635; Filed, Oct. 2, 1950;
8:46 a. m.

WAR CLAIMS COMMISSION
S taff P rojects
and
M ethods Committee
DESCRIPTION OF ORGANIZATION

Section 4 14 F. R. 7820 is amended by adding the following:
c Staff Projects and Methods Com mittee. There is established within the Commission a Committee known as the Staff Projects and Methods Committee.
This Committee, which is under the chairmanship of the Executive Director, is composed of the Directors of the Serv ices, Chiefs of the Divisions, and a repre sentative of the Office of the General Counsel. The duty of this Committee is to operate as a policy and planning com mittee to consider the problems, pro grams and plans of the various sections and services of the Commission, as well as personnel thereof, with a view to in creasing efficiency and greater employee understanding and participation in the over-all functions of the Commission.
D aniel F. C leary, Chairman, War Claims Commission.
F. R. DoCi 50-8628; Filed, Oct. 2, 1950;
8:46 a. m.