Rigging.

Sails.

Seats and chairs.

Shovels.

Slice bars and pokers

Steam distribution systems.

Steering equipment.

Tool boxes.

Tools, miscellaneous.
Wrenches.

NOTE: The cost of motor equipment of cars shall be included in Account 55, "Motor equipment of cars"

103.58 Miscellaneous equipment.

This account shall include the cost of horses and harness, and cost of wagons, automobiles, and other highway vehicles.

GENERAL EXPENDITURES

NOTE The primary accounts of this general account are designed to include expenditures made in connection with the acquisition and construction of original road and equipment, and with extensions, additions, and betterments to road and equipment property, when such expenditures can not properly be included in any of the foregoing accounts as a part of the cost of any specific work When assignable, such expenditures shall be included in the cost of the property in connection with which the expenditures occur

§ 103.71 Organization expenses.

This account shall include all fees paid to governments for the privilege of incorporation, and office and other expenditures incident to organizing the corporation and putting it in readiness to do business, cost of preparing and distributing prospectuses; cost of soliciting subscriptions for stock; cash fees paid to promoters, and the actual cash value (at the time of the organization) of securities paid to promoters for their services in organizing the enterprise; special counsel fees; cost of preparing and issuing certificates of stock; cost of procuring the necessary certificates from State authorities; and other like costs. NOTE: Cost of soliciting for loans or for the sale of bonds or other evidences of indebtedness shall be charged to Balance-sheet Account 725. "Discount on funded debt." § 103.72 General officers and clerks.

This account shall include the pay and expenses of executive and general officers and of general office clerks engaged

exclusively in connection with the con struction of new road and extensions

NOTE: The salaries and expenses of executive and general officers and of general office clerks engaged in connection with the conduct of commercial operations during the period before the regular operation of revenue trains shall be included in Account 40, "Revenues and operating expenses during construction."

§ 103.73 Law.

This account shall include specific and distinct expenditures, not provided for elsewhere, for law service in connection with the acquisition of new road, road extensions, additions, and betterments, such as pay and expenses of counsel, solicitors. and attorneys, their clerks and attendants, and expenses of their offices.

ITEMS OF EXPENSE

(See general instructions, 103.02-13) Arbitrators' services in settlement of disputed questions.

Cost of taking depositions.
Cost of testimony.

Costs of suits.
Court bonds.

Court expenses

Express charges.

Fees and retainers of attorneys not regularly employed.

Law books.
Legal forms.

Legal reports.

Notarial fees not provided for elsewhere.

Office expenses.

Printing of briefs, testimony, etc.

Rent of offices.

Special fees.

Telegraph service.

Telephone service.

Traveling expenses.

Witness fees not provided for elsewhere.

NOTE: Court costs and special counsel fees in connection with the acquisition of land for transportation operations shall be included in Account 2, "Land for transportation purposes."

§ 103.74 Stationery and printing.

This account shall include the cost of stationery, stationery supplies, postage, office devices, and printed matter used by any class of employees in connection with construction and not provided for elsewhere.

§ 103.76

Interest during construction.

(a) When any bonds, notes, or other evidences of indebtedness are sold, or any interest-bearing debt is incurred for acquisition and construction of original road and equipment, extensions, additions, and betterments, the interest accruing on the part of the debt representing the cost of property chargeable to road and equipment accounts (less interest, if any, allowed by depositaries on unexpended balances) after such funds become available for use and before the receipt or the completion or coming into service of the property so acquired shall be charged to this account.

(b) When such securities are sold at a premium the proportion of such premium assignable to the time between the date of the actual issuance of the securities and the time when the property acquired or the improvement made becomes available for service shall be credited to this account.

(c) This account shall also include such proportion of the discount and expense on funded debt issued for the acquisition of original road, original equipment, road extensions, additions, and betterments, as is equitably assignable to the period between the date of the actual issuance of securities and the time when the property acquired or the improvement made becomes available for the service for which it is intended. proportion of discount and expense thus chargeable shall be determined by the ratio between the period prior to the completion or coming into service of the facilties or improvements acquired and the period of the entire life of the securities issued.

The

(d) This account shall also include reasonable charges for interest, during the construction period before the property becomes available for service, on the carrier's own funds expended for construction purposes.

NOTE A: Interest on bonds, notes, or other evidences of indebtedness accruing before the proceeds from the sale of the securities become available for use shall not be included in this account, nor shall there be Included any interest accruing after the property with respect to which the proceeds are expended is received or becomes available for use in connection with commercial service.

NOTE B: If any securities which have been Issued or assumed by the carrier are sold or exchanged by or for the carrier for a consideration the actual money value of which at

the time of such sale or exchange is less than the value of the securities at par and the accrued interest thereon, if any, the difference between the money value of the consideration received and the par value of the securities plus the accrued interest shall be deemed a discount. In no case (except as provided in the third and fourth paragraphs of this account) shall discounts be included as part of the cost of anything charged to any account prescribed in this classification. NOTE C: For definition of securities actually issued, see Note B, under General Balance-sheet Account 755, "Funded debt unmatured."

NOTE D: Whenever interest, premium, or discount assignable to the construction period is incurred in connection with an expenditure covered by some specific road and equipment account or accounts, such interest, premium, or discount shall be charged directly to the specific accounts to which it is related.

§ 103.77 Other expenditures-general.

This account shall include all expenditures of a special and incidental nature in connection with the acquisition and construction or original road and equipment, road extensions, additions, and betterments which cannot properly be included in any other account in this classification.

PART 104-UNIFORM SYSTEM OF ACCOUNTS FOR PUBLIC UTILITIES AND LICENSEES (CLASS_C_AND CLASS D) AUTHORITY: The provisions of this Part 104 issued under secs. 3(13), 4(b), 41 Stat. 1063, 1065, as amended, secs. 301, 304(a), 308, 309, 49 Stat. 854. 855, 858; 16 U.S.O. 796(13), 797(b), 825, 825c(a), 825g, 825h.

SOURCE: The provisions of this Part 104 contained in Order 225, 25 FR. 12764, Deo. 13, 1960, as amended by Order 276, 28 F.R. 14267, Dec. 25, 1963; Order 290, 29 F.R. 18215, Dec. 23, 1964; Order 318, 31 F.R. 3391, Mar. 24, 1966: Order 366, 33 F.R. 10135, July 16, 1968; Order 419. 36 F.R. 519, Jan. 14, 1971; Order 420, 36 F.R. 510, Jan. 14, 1971; Order 432, 36 F.R. 8241, May 1, 1971; Order 434, 36 F.R. 11431, June 12, 1971; Order 439, 36 F.R. 20870, Oct. 30, 1971; Order 454, 37 F.R. 14227, July 18. 1972; Order 457, 37 F.R. 16797, Aug. 19, 1972; Order 460, 37 FR. 24660, Nov. 18, 1972; Order 462, 38 FR. 4949, Feb. 23, 1973; Order 463, 38 F.R. 7214, Mar. 19, 1973; Order 457, 38 FR 16219, June 21, 1973; Order 486, S8 FR 18873, July 16. 1973: Order 490, 38 FR 23333, Aug. 29, 1973; Order No. 486-1, 38 FR 30434, Nov. 5, 1973; Order 473, 39 FR 2469, Jan. 22, 1974; Order 504, 39 FR 6078, Feb. 19, 1974; Order 505, 39 FR 6097, Feb. 19, 1974: Order 505, 39 FR 22417, June 24, 1974; Order No. 530, 40 FR 26985, June 26, 1975; Order No. 549, 41 FR 24994, June 22, 1976; Order 561, 42 FR 9164, Feb. 15, 1977.