2424 Federal Register / Vol. 60, No. 5 / Monday, January 9, 1995 / Notices

1Rule 17a–8 provides relief from the affiliated

transaction prohibition of section 17(a) of the Act

for a merger of investment companies that may be

affiliated persons of each other solely by reason of

having a common investment adviser, common

directors, and/or common officers.

[Investment Company Act Release No.

20815; File No. 811–6244]

Muir Investment Trust; Application for

Deregistration

December 30, 1994.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration Under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Muir Investment Trust.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATE: The application on Form

N–8F was filed on December 9, 1994.

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

January 24, 1995, and should be

accompanied by proof of service on

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 who wish to be notified of a

hearing may request notification by

writing to the SEC’s Secretary.

ADDRESSES: Secretary, SEC, 450 5th

Street, NW., Washington, DC 20549.

Applicant, 325 Sharon Park Drive #303,

Menlo Park, California 94025.

FOR FURTHER INFORMATION CONTACT:

James J. Dwyer, Staff Attorney, at (202)

942–0581, or C. David Messman, 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 complete application

may be obtained for a fee at the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is an open-end

diversified management investment

company organized as a Delaware

business trust. On February 26, 1991,

applicant registered under the Act as an

investment company, and filed a

registration statement on Form N–1A

under section 8(b) of the Act and the

Securities Act of 1933 to register an

indefinite number of shares of it series,

Muir California Tax-Free Bond Fund.

The registration statement became

effective on June 10, 1991, and

applicant’s initial public offering

commended on or about June 12, 1991.

2. On November 22, 1993 and

December 13, 1993, applicant’s board of

trustees approved an agreement and

plan of reorganization (the ‘‘Plan’’)

whereby applicant would transfer

substantially all of its assets and

liabilities to Muir California Tax-Free

Income Portfolio (the ‘‘Acquiring

Fund’’), a new series of Working Assets

Common Holdings (the ‘‘Acquiring

Company’’), a Massachusetts business

trust registered under the Act.

Applicant’s trustees stated in a

combined proxy statement/prospectus

dated March 30, 1994 that the

reorganization would keep costs under

control and gain economies of scale

while maintaining applicant’s strict

socially responsible investment

philosophy.

3. Applicant and Acquiring Fund

share a common investment subadviser,

GMG/Seneca Capital Management.

Accordingly, applicant and Acquiring

Fund may be deemed to be affiliated

persons of each other. Applicant

therefore relied on the exemption

provided by rule 17a–8 under the Act to

effect the reorganization. Consequently,

in accordance with rule 17a–8,

applicant’s trustees determined on

December 13, 1993, and the trustees of

Acquiring Fund determined on January

18, 1994, that the purchase of the assets

of applicant by Acquiring Fund was in

the best interests of the shareholders of

each investment company, and that

such purchase would not result in any

dilution to the interests of the existing

shareholders of each company.1

4. Preliminary proxy materials were

filed with the SEC on January 31, 1994,

and mailed to applicant’s shareholders

on or about April 8, 1994. Applicant’s

shareholders voted to approve the Plan

at a special meeting held on May 3,

1994. Definitive proxy materials relating

to the Plan were mailed for filing with

the SEC on May 23, 1994.

5. As of May 13, 1994, applicant had

1,114,801 shares outstanding, having an

aggregate net asset value of $17,111,140

and a per share net asset value of

$15.35. On that date, pursuant to the

Plan, applicant transferred substantially

all of its assets and liabilities to

Acquiring Fund in exchange for a

number of full and fractional shares of

Acquiring Fund equal in number to

applicant’s outstanding shares. The net

asset value of a share of Acquiring Fund

was equal to the net asset value of a

share of applicant. Applicant then

distributed to its shareholders pro rata

the Acquiring Fund shares it received,

in complete liquidation of applicant.

6. No brokerage commissions were

paid in connection with the

reorganization. Pursuant to the Plan,

Working Assets Capital Management,

the investment adviser of Acquiring

Fund, agreed to pay $10,000 towards

legal fees and to pay the costs of

printing, mailing, and proxy

solicitation. All other expenses in

connection with the reorganization were

borne by Muir California Tax-Free Bond

Fund or its sponsor, Sand County

Securities, L.P.

7. At the time of the application,

applicant had no shareholders, assets, or

liabilities. To the best of its knowledge,

applicant is not a party to any litigation

or administrative proceeding. Applicant

is not engaged in, nor does its propose

to engage in, any business activities

other than those necessary for the

winding up of its affairs.

8. Applicant will take all action

required by state law to terminate as a

Delaware business trust, including filing

a certificate of merger with the Delaware

Secretary of State.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–429 Filed 1–6–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD 95–002]

Lower Mississippi River Waterway

Safety Advisory Committee

AGENCY: Coast Guard, DOT.

ACTION: Notice of meeting.

SUMMARY: The Lower Mississippi River

Waterway Safety Advisory Committee

will meet to discuss various navigation

safety matters affecting the Lower

Mississippi River area. The meeting will

be open to the public.

DATES: The meeting will be held from 9

a.m. to approximately 1 p.m. on

Tuesday, February 7, 1995.

ADDRESSES: The meeting will be held in

room 1830 of the World Trade Center,

2 Canal Street, New Orleans, Louisiana.

FOR FURTHER INFORMATION CONTACT:

LTJG Dave Seris, USCG, Recording

Secretary, Lower Mississippi River

Waterway Safety Advisory Committee,
Federal Register / Vol. 60, No. 5 / Monday, January 9, 1995 / Notices 2425

c/o Commander, Eighth Coast Guard

District (oan), Room 1211, Hale Boggs

Federal Building, 501 Magazine Street,

New Orleans, LA 70130–3396,

telephone (504) 589–2353.

SUPPLEMENTARY INFORMATION: Notice of

this meeting is given pursuant to the

Federal Advisory Committee Act, 5

U.S.C. App. 2 Section 1 et seq. The

meeting is open to the public. Members

of the public may present written or oral

statements at the meeting. The agenda

for the meeting consists of the following

items.

(1) Presentation of the minutes from

the April 19, 1994 full Committee

meeting.

(2) Discussion of previous

recommendations made by the

Committee. Discussions will include an

update on gaming vessel issues, marking

of an alternate route through Breton

Sound, and an update on CH–67 VHF/

FM interference.

(3) Presentation of any additional new

items for consideration of the

Committee.

Dated: December 30, 1994.

R.C. North,

Rear Admiral, U.S. Coast Guard Commander,

Eight Coast Guard District.

[FR Doc. 94–434 Filed 1–6–94; 8:45 am]

BILLING CODE 4910–14–M

DEPARTMENT OF THE TREASURY

Public Information Collection

Requirements Submitted to OMB for

Review

December 30, 1994.

The Department of Treasury has made

revisions and resubmitted the following

public information collection

requirement(s) to OMB for review and

clearance under the Paperwork

Reduction Act of 1980, Public Law 96–

511. Copies of the submission(s) may be

obtained by calling the Treasury Bureau

Clearance Officer listed. Comments

regarding this information collection

should be addressed to the OMB

reviewer listed and to the Treasury

Department Clearance Officer,

Department of the Treasury, Room 2110,

1425 New York Avenue, NW.,

Washington, DC 20220.

Internal Revenue Service (IRS)

OMB Number: 1545–0704.

Form Number: IRS Form 5471,

Schedules J, M, N, and O.

Type of Review: Resubmission.

Title: Information Return of U.S.

Persons with Respect to Certain Foreign

Corporations.

Description: Form 5471 and related

schedules are used by U.S. persons that

have an interest in a foreign corporation.

The form is used to report income from

the foreign corporation. The form and

schedules are used to satisfy the

reporting requirements of sections 6035,

6038 and 6046 and the regulations

thereunder pertaining to the

involvement of U.S. persons with

certain foreign corporations.

Respondents: Individuals or

households, Businesses or other forprofit, Small businesses or

organizations.

Estimated Number of Respondents/

Recordkeepers: 1,332,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form Recordkeeping Learning about the law or the

form

Preparing and sending the form to

the IRS

5471 .............................................. 86 hr., 20 min ............................... 25 hr., 38 min ............................... 31 hr., 46 min.

Sch. J ............................................ 3 hr., 50 min ................................. 1 hr., 6 min ................................... 1 hr., 6 min.

Sch. M ........................................... 26 hr., 33 min ............................... 6 min ............................................. 32 min.

Sch. N ........................................... 8 hr., 22 min ................................. 8 hr., 22 min ................................. 3 hr., 2 min.

Sch. O ........................................... 10 hr., 46 min ............................... 12 min ........................................... 23 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 17,533,560

hours.

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution Avenue,

NW., Washington, DC 20224.

OMB Reviewer: Milo Sunderhauf

(202) 395–7340, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 95–376 Filed 1–6–95; 8:45 am]

BILLING CODE 4830–01–P

Public Information Collection

Requirements Submitted to OMB for

Review

December 30, 1994.

The Department of Treasury has

submitted the following public

information collection requirement(s) to

OMB for review and clearance under the

Paperwork Reduction Act of 1980,

Public Law 96–511. Copies of the

submission(s) may be obtained by

calling the Treasury Bureau Clearance

Officer listed. Comments regarding this

information collection should be

addressed to the OMB reviewer listed

and to the Treasury Department

Clearance Officer, Department of the

Treasury, Room 2110, 1425 New York

Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

OMB Number: 1545–0002.

Form Number: IRS Form CT–2.

Type of Review: Extension.

Title: Employee Representative’s

Quarterly Railroad Tax Return.

Description: Employee representatives

file Form CT–2 quarterly to report

compensation on which railroad

retirement taxes are due. IRS uses this

information to insure that employee

representatives have paid the correct

tax. Form CT–2 also transmits the tax

payment.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 28.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping ...................... 26 min.

Learning about the law or

the form.

13 min.

Preparing the form ................ 31 min.

Copying, assembling, and

sending the form to the

IRS.

17 min.

Frequency of Response: Quarterly.

Estimated Total Reporting/

Recordkeeping Burden: 164 hours.

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution Avenue,

NW., Washington, DC 20224.

OMB Reviewer: Milo Sunderhauf

(202) 395–7340, Office of Management

and Budget, Room 10226, New