and 1808 (f) thereof. Since, as indicated, the proposed transactions will result in the simplification of the structure of the GPU holding company system and thus appropriately effectuate the provisions of Section 11 (b) of the Act, our order will contain the requested recitals. No fees or expenses are to be incurred in connection with the proposed program. Applicants-declarants state that no other Federal or state commission has jurisdiction over the proposed transactions. We shall approve the applications, as amended, and permit the declarations, as amended, to become effective, subject to the requirements of Rule U-24. An appropriate order will issue. By the Commission: (Chairman Caffrey, Commissioners McEntire and Hanrahan) Commissioners Healy and McConnaughey being absent and not participating. 23 S. E. C. Condensed balance sheets as at Apr. 30, 1946, and pro-forma to reflect proposed transaction Investments: Special fund-deposits in escrow in accordance with consolidated tax liability apportionment agreement.. Capital stock, no par value 3,000 shares authorized, 1,200 shares issued and outstanding. Long-term debt: Liabilities and Common, par value $5 per share, authorized 10,000,000 shares, 7,536,500 shares estimated to be issuable pursuant to the plan of reorganization, plus 496 shares issued in exchange for 41⁄44 percent convertible debentures... Current and accrued liabilities: Deferred credits. Reserves: Surplus: NOTE (A): During the month of May 1946 subsequent to the above balance sheet date, the convertible obligations were redeemed and cancelled by payment of $100,000 cash by () Denote red figure. APPENDIX A-1 ASSOCIATED UTILITIES CORP. Statement of investment portfolio as at Apr. 30, 1946 Securities Securities of majority-owned subsidiary companies consolidated: Common stocks: Associated Real Properties, Inc... Atlantic Utility Service Corp.. Dover Casualty Insurance Co... Total common stock. Preferred stocks, Gas and Electric Associates. Convertible obligations, Associated Real Properties, Inc... Notes receivable, Gas and Electric Associates............. Securities of, and advances to, majority-owned nonconsolidated and statutory subsidiary companies: Common stock, Keuka Lake Power Co...... 2,450 1 Bonds and debentures, Keuka Lake Power Co., 6 percent bonds, due 1960... Advances on open account, Utilities Investment Trust.. $114,909 (A) Other investments: New England Gas and Electric Association, $5.50 cumulative dividend series preferred stock.. Schenectady Railway Co., 5 percent sinking fund income notes, due 1958.. NOTES: (A) Included in a commingled investment account at a nominal amount of $1 and shown as notes receivable from Gas and Electric Associates. 23 S. E. C. INDEX-DIGEST The following digest of decisions presents a consolidated summary of the case headnotes arranged alphabetically according to topic headings. The digest is divided into five parts:* Part I, containing decisions under the Securities Act of 1933; Part II, the Securities Exchange Act of 1934; Part III, the Public Utility Holding Company Act of 1935; Part IV, the Investment Company Act of 1940; and Part V, the Investment Adviser Act of 1940. The case headnotes have not been carried over verbatim into this digest. To facilitate the grouping together of decisions standing for a similar proposition under a single digest heading, it has been necessary in some cases to delete from the headnotes all matter not pertinent to the general proposition for which the headnote stood, i. e., the names of companies, the principal amounts of security issues, etc. To the same end, certain case headnotes have been entirely redrafted for the digest so as to conform to a uniform statement of the general proposition. In a few instances, case headnotes, which were not considered important for the purposes of this digest, have been omitted from the digest altogether. During the period covered by this volume there were no opinions containing case headnotes under the Trust Indenture Act of 1939. 23 S. E. C. 767 |