9006 Federal Register / Vol. 62, No. 39 / Thursday, February 27, 1997 / Notices

and with the general purposes of the

Act.

For the Commission, by the Division of

Investment Management, under delegated

authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4858 Filed 2–26–97; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 35–26673]

Filings Under the Public Utility Holding

Company Act of 1935, as Amended

(‘‘Act’’)

February 21, 1997.

Notice is hereby given that the

following filing(s) has/have been made

with the Commission pursuant to

provisions of the Act and rules

promulgated thereunder. All interested

persons are referred to the application(s)

and/or declaration(s) for complete

statements of the proposed

transaction(s) summarized below. The

application(s) and/or declaration(s) and

any amendments thereto is/are available

for public inspection through the

Commission’s Office of Public

Reference.

Interested persons wishing to

comment or request a hearing on the

application(s) and/or declaration(s)

should submit their views in writing by

March 17, 1997, to the Secretary,

Securities and Exchange Commission,

Washington, DC 20549, and serve a

copy on the relevant applicant(s) and/or

declarant(s) at the address(es) specified

below. Proof of service (by affidavit or,

in case of an attorney at law, by

certificate) should be filed with the

request. Any request for hearing shall

identify specifically the issues of fact or

law that are disputed. A person who so

requests will be notified of any hearing,

if ordered, and will receive a copy of

any notice or order issued in the matter.

After said date, the application(s) and/

or declaration(s), as filed or as amended,

may be granted and/or permitted to

become effective.

Southwestern Electric Power Company,

et al. (70–8987)

Southwestern Electric Power

Company (‘‘SWEPCO’’), 428 Travis

Street, Shreveport, Louisiana 71156,

Public Service Company of Oklahoma

(‘‘PSO’’), 212 E. 6th Street, Tulsa,

Oklahoma 74119, and West Texas

Utilities Company (‘‘WTU’’ and,

collectively with SWEPCO and PSO, the

‘‘Applicants’’), 301 Cypress Street,

Abilene, Texas 79601, each an electric

utility subsidiary of Central and South

West Corporation, a registered holding

company, have filed an application

under sections 9(a) and 10 of the Act

and rule 54 thereunder.

The Applicants propose to lease to

nonaffiliated third parties excess space

in the Applicants’ respective office

buildings and other properties owned or

leased by the Applicants, but not

currently used in the normal course of

their operations.

The properties to be leased shall

include the following types of

properties: office space in buildings

currently owned or leased by the

Applicants; area or local offices, which

typically consist of less than 10,000

square feet; service centers which

include office and warehouse facilities

and which typically consist of less than

20,000 square feet; district or division

offices, which typically consist of less

than 25,000 square feet; excess capacity

in the Applicants’ training facilities;

miscellaneous facilities which are being

held for future use or sale and which

typically consist of less than 10,000

square feet; and other improved and

unimproved land.

All rental payments from

nonaffiliated third parties for excess

space are, and in the future will be,

accounted for as rent from property

devoted to electric operations for the

Applicants that own the relevant

building or property.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–4859 Filed 2–26–97; 8:45 am]

BILLING CODE 8010–01–M

[Investment Company Act Release No.

22524; International Release No. 1057; 812–

10278]

Randgold and Exploration Company

Limited, Inc.; Notice of Application

February 21, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Exemption under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Randgold and Exploration

Company Limited, Inc.

RELEVANT ACT SECTIONS: Applicant seeks

an order under sections 2(b) (9) and 3(b)

(2) of the Act, or alternatively, under

section 6(c) granting an exemption from

all provisions of the Act.

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it controls

certain companies, notwithstanding that

it owns less than 25% of the voting

securities of these companies, and

declaring that applicant is primarily

engaged in a business other than that of

investing, reinvesting, owning, holding,

or trading in securities. In the

alternative, applicant seeks an order

exempting it from all provisions of the

Act.

FILING DATES: The application was filed

on July 26, 1996, and amended on

November 12, 1996.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

March 18, 1997, and should be

accompanied by proof of service on the

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, N.W., Washington, D.C. 20549.

Applicant, 5 Press Avenue,

Johannesburg 2025, P.O. Box 82291,

Southdale 2135, South Africa.

FOR FURTHER INFORMATION CONTACT:

Mary Kay Frech, Branch Chief, at (202)

942–0564 (Division of Investment

Management, Office of Investment

Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The application may be

obtained for a fee from the SEC’s Public

Reference Branch.

Applicant’s Representations

1. Applicant, a South African

corporation, is a foreign private issuer

whose common shares are listed on the

Johannesburg Stock Exchange.

Applicant is engaged in the gold mining

and exploration business in Africa.

Applicant has a current market

capitalization of over R985 million (US

$229 million) and reported net earnings

of R35 million (US $8 million) for the

last four fiscal quarters ended June 30,

1996. Applicant, together with its direct

subsidiaries, has over 160 employees

worldwide and just over 40,000

employees worldwide if employees of

the Controlled Companies (as

hereinafter defined) are included.

Substantially all of its employees are

engaged in applicant’s business of gold

mining and exploration. Applicant and

its Controlled Companies produce more