1250 Federal Register / Vol. 72, No. 6 / Wednesday, January 10, 2007 / Notices 

1Applicants also request relief with respect to 

future series of the Trust and any other existing or 

future registered open-end management investment 

company or series thereof that: (a) Is advised by the 

Manager; (b) uses the management structure as 

described in the application; and (c) complies with 

the terms and conditions of the application 

(included in the term ‘‘Fund’’). The only existing 

registered open-end management investment 

company that currently intends to rely on the 

requested order is named as an applicant. If the 

name of any Fund contains the name of a SubAdviser (as defined below), the name of the 

Manager will precede the name of the Sub-Adviser. 

Dated: January 8, 2007. 

Connie M. Downs, 

OPIC Corporate Secretary. 

[FR Doc. 07–85 Filed 1–8–07; 3:19 pm] 

BILLING CODE 3210–01–M 

UNITED STATES POSTAL SERVICE 

BOARD OF GOVERNORS 

Sunshine Act Meeting 

DATE AND TIME: Tuesday, January 9, 

2007, at 2 p.m.; and Wednesday, 

January 10, 2007, at 8:30 a.m. and 10:30 

a.m. 

PLACE: Washington, DC, at U.S. Postal 

Service Headquarters, 475 L’Enfant 

Plaza, SW., in the Benjamin Franklin 

Room. 

STATUS: January 9—2 p.m.—Closed; 

January 10–8:30 a.m.—Open; January 

10—10:30 a.m.—Closed. 

MATTERS TO BE CONSIDERED: 

Tuesday, January 9 at 2 p.m. (Closed) 

1. Strategic Planning. 

2. Rate Case Update. 

3. Financial Update. 

4. Labor Negotiations Update. 

5. Personnel Matters and 

Compensation Issues. 

6. Governors’ Executive Session—

Discussion of prior agenda items and 

Board Governance. 

Wednesday, January 10 at 8:30 a.m. 

(Open) 

1. Minutes of the Previous Meeting, 

December 5–6, 2006. 

2. Remarks of the Postmaster General 

and CEO Jack Potter. 

3. Committee Reports. 

4. Consideration of Board Resolution 

on Capital Funding. 

5. Consideration of Annual Report on 

Government in the Sunshine Act 

Compliance. 

6. Consideration of Fiscal Year 2006 

Comprehensive Statement on Postal 

Operations, including the Preliminary 

Fiscal Year 2008 Annual Performance 

Plan—GPRA. 

7. Briefing on Mail Visibility, 

Seamless Acceptance and Payment. 

8. Consideration of the Price of 

Semipostal Stamps. 

9. Capital Investment—5,856 Carrier 

Route Vehicles. 

10. Election of Chairman and Vice 

Chairman of the Board of Governors. 

11. Tentative Agenda for the March 

28–29, 2007, meeting in Washington, 

DC. 

Wednesday, January 10 at 10:30 a.m. 

(Closed)—If Needed. 

1. Continuation of Tuesday’s closed 

session agenda. 

CONTACT PERSON FOR MORE INFORMATION: 

Wendy A. Hocking, Secretary of the 

Board, U.S. Postal Service, 475 L’Enfant 

Plaza, SW., Washington, DC 20260–

1000. Telephone (202) 268–4800. 

Wendy A. Hocking, 

Secretary. 

[FR Doc. 07–82 Filed 1–8–07; 3:19 pm] 

BILLING CODE 7710–12–M 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

27653; 812–13319] 

New River Funds and New River 

Advisers LLC; Notice of Application 

January 3, 2007. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application for an 

order under section 6(c) of the 

Investment Company Act of 1940 

(‘‘Act’’) for an exemption from section 

15(a) of the Act and rule 18f–2 under 

the Act, as well as from certain 

disclosure requirements. 

SUMMARY OF THE APPLICATION: 

Applicants request an order that would 

permit them to enter into and materially 

amend subadvisory agreements without 

shareholder approval and would grant 

relief from certain disclosure 

requirements. 

APPLICANTS: New River Funds (‘‘Trust’’), 

and New River Advisers LLC 

(‘‘Manager’’). 

FILING DATES: The application was filed 

on August 1, 2006, and amended on 

December 27, 2006. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on January 29, 2007 and 

should be accompanied by proof of 

service on applicants, 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 by 

writing to the Commission’s Secretary. 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, 100 F 

Street, NE., Washington, DC 20549–

1090. Applicants, c/o Doit L. Koppler II, 

New River Advisers LLC, 1881 Grove 

Avenue, Radford, VA 24141. 

FOR FURTHER INFORMATION CONTACT: 

Barbara T. Heussler, Senior Counsel, at 

(202) 551–6990, or Julia Kim Gilmer, 

Branch Chief, at (202) 551–6871 (Office 

of Investment Company Regulation, 

Division of Investment Management). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the 

Commission’s Public Reference Branch, 

100 F Street, NE., Washington, DC 

20549–0102 (telephone (202) 551–5850). 

Applicants’ Representations 

1. The Trust, a Delaware statutory 

trust, is registered under the Act as an 

open-end management investment 

company. The Trust currently is 

comprised of two series (‘‘Funds’’), each 

with separate investment objectives, 

policies, and restrictions.1 The Manager, 

a Virginia limited liability company, is 

registered as an investment adviser 

under the Investment Advisers Act of 

1940 (‘‘Advisers Act’’) and serves as 

investment manager to the Trust and 

each of the Funds pursuant to an 

investment management agreement 

(‘‘Management Agreement’’). The 

Management Agreement has been 

approved by the Trust’s board of 

trustees (‘‘Board’’), including a majority 

of the trustees who are not ‘‘interested 

persons,’’ as defined in section 2(a)(19) 

of the Act, of the Trust or the Manager 

(‘‘Independent Trustees’’), as well as by 

the shareholders of each Fund. 

2. Under the Management Agreement, 

the Manager is responsible for providing 

investment advisory and administrative 

services to the Funds, subject to 

oversight by the Board. The 

Management Agreement permits the 

Manager to enter into a separate subadvisory agreement (‘‘Sub-Advisory 

Agreement’’) with one or more subadvisers (each, a ‘‘Sub-Adviser’’) to 

carry out the investment program of a 

Fund, subject to the approval of the 

Board and the shareholders of the Fund. 

The Adviser has entered into SubAdvisory Agreements with two SubAdvisers. Each Sub-Adviser is registered 

mstockstill on PROD1PC61 with NOTICES