Federal Register / Vol. 60, No. 236 / Friday, December 8, 1995 / Notices 63113

authorized I&M and Blackhawk to enter

into transactions to implement a

settlement agreement, executed on

January 9, 1985 by AEP, its associate

companies and the staff of the Federal

Energy Regulatory Commission

(‘‘FERC’’) (‘‘Settlement Agreement’’),

concerning certain coal mining

properties located in Carbon County,

Utah, including coal reserves located

west of the Price River, together with

existing surface facilities located east of

the Price River for processing, handling

and shipping coal (‘‘Western Reserves’’).

The Settlement Agreement was

intended to dispose of all issues

remaining to be resolved in an

investigation by FERC of the coal

procurement and pricing policies of

AEP and its associate companies.

By subsequent order dated May 1,

1986 (HCAR No. 24080), the

Commission authorized Blackhawk to

transfer its coal mining operations with

respect to the Western Reserves to

Castle Gate Coal Company (‘‘Castle

Gate’’) and Meadowlark, Utah, Inc.

(‘‘Meadowlark’’), subsidiaries of AMAX,

Inc. (‘‘AMAX’’). This transfer was

accomplished by means of a set of

transactions involving leases, subleases,

conveyances and assignments with

respect to the various surface interests,

fee coal, coal preparation facilities,

federal and state leases, structures,

equipment, permits and water rights

associated with the Western Reserves.

Subsequent to May 30, 1986, Castle

Gate merged into its affiliate, Amax Coal

Company (‘‘Amax Coal’’); Meadowlark

changed its name to Amax Land

Company (‘‘Amax Land’’); and AMAX

merged into Cyprus Amax Minerals

Company (‘‘CyprusAmax’’).

Blackhawk, Amax Land and Amax

Coal now propose to amend the Lease

Transaction Agreement to provide for

the exercise by Amax Land and Amax

Coal of the purchase options for four of

the leases entered into pursuant to this

authority prior to the end of the initial

terms of the leases. The four leases will

be terminated, Amax Land and/or Amax

Coal will take title to all of the

properties and/or equipment being

leased under the four leases. In lieu of

the obligation to make the remaining

quarterly lease payments, as partial

consideration for the purchase, Amax

Land and Amax Coal will execute

promissory notes in the same amounts

and at the same dates as the remaining

lease payments under the four leases.

The notes will be guaranteed by CyprusAmax. Payment of the consideration for

the purchase of the properties will be in

the form of $5,700,000 in cash at closing

and four promissory notes, totalling

approximately $31.4 million. The

promissory notes will be secured

initially by a mortgage and security

interest in the properties transferred.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–29918 Filed 12–7–95; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–21563; 811–6432]

Smith Breeden Institutional Short

Duration U.S. Government Fund;

Notice of Application

December 1, 1995.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for

deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Smith Breeden Institutional

Short Duration U.S. Government Fund.

RELEVANT ACT SECTION: Order requested

under section 8(f).

FILING DATES: The application was filed

on August 22, 1995 and amended on

November 2, 1995.

SUMMARY OF APPLICATION: Applicant

requests an order declaring that it has

ceased to be an investment company.

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

December 26, 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 may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 5th

Street NW., Washington, D.C. 20549.

Applicant, 100 Europa Drive, Suite 200,

Chapel Hill, North Carolina, 27514.

FOR FURTHER INFORMATION CONTACT:

David W. Grim, Law Clerk, at (202) 942–

0571, or Robert A. Robertson, 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 a registered open-end

management investment company

organized as a business trust under the

laws of the Commonwealth of

Massachusetts. On October 8, 1991,

applicant filed a Notification of

Registration on Form N–8A pursuant to

section 8(a) of the Act and a registration

statement on Form N–1A under section

8(b) of the Act and under the Securities

Act of 1933. The registration statement

became effective on February 24, 1992,

and the initial public offering

commenced on February 25, 1992.

2. On March 1, 1995, applicant’s

Board of Trustees (the ‘‘Board’’)

unanimously determined through a

consent action that the continuation of

applicant was no longer in the best

interest of applicant or its shareholders.

The Board determined that applicant’s

shareholders would be better served by

a liquidation of applicant’s assets.

Applicant is the master fund in a

master-feeder arrangement. The masterfeeder arrangement was chosen initially

to allow flexibility in distribution. The

structure allowed applicant to be sold to

institutional investors while the Smith

Breeden Short Duration U.S.

Government Series (the ‘‘Short Series’’),

the feeder fund, was sold to retail

investors. This two-tier structure created

redundancies in expenses. As a result,

the Board concluded that the masterfeeder structure was no longer the most

economically viable alternative over the

long term. The Board consented to a

plan of liquidation whereby the assets of

applicant would be distributed in cash

or in-kind to applicant’s shareholders in

complete liquidation of applicant.

Shareholder approval of the liquidation

was not required under the terms of

applicant’s declaration of trust, and thus

no shareholder authorization was

obtained in connection with the

liquidation. Applicant did notify

shareholders of the plan of liquidation

in the form of a letter signed by a

majority of the Board and sent to the

shareholders March 15, 1995.

3. On March 31, 1995, immediately

prior to the liquidation, applicant had a

total of 22,190,030 shares of beneficial

interest outstanding. At such time,

applicant’s net asset value was

$221,304,914.56 in the aggregate and

$9.97 per share.

4. On March 31, 1995, applicant

liquidated all of its assets. Applicant

transferred cash in the amount of

$2,905,338.41 to its minority

shareholders, who held 291,315.48

shares immediately prior to the
63114 Federal Register / Vol. 60, No. 236 / Friday, December 8, 1995 / Notices

liquidation. Each minority shareholder

received $9.97 per share, which was

equivalent to the per share net asset

value of such shares on such date. Also

on March 31, 1995, applicant

transferred all of its other assets to its

majority shareholder, the Short Series,

which held 21,898,714.52 shares

immediately prior to the liquidation.

The fair market value of the assets

received by the Short Series was

$218,399,576.24. The Short Series

received $9.97 per share, which was

equivalent to the per share net asset

value of such shares on such date.

5. The Short Series assumed all

liabilities of applicant, an amount equal

to $121,844,321. All expenses incurred

in connection with the liquidation,

which amounted to approximately

$5,000 in legal fees, were paid by the

Short Series. Smith Breeden Associates,

Inc., applicant’s investment adviser,

paid applicant the balance of

unamortized organizational expenses as

of March 31, 1995, an amount equal to

$17,869.24.

6. As of the date of the application,

applicant had no assets, liabilities, or

shareholders. Applicant is not a party to

any litigation or administrative

proceeding.

7. Applicant is neither engaged nor

proposes to engage in any business

activities other than those necessary for

the winding-up of its affairs. Applicant

will file appropriate certificates of

liquidation with the Commonwealth of

Massachusetts.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–29919 Filed 12–7–95; 8:45 am]

BILLING CODE 8010–01–M

SOCIAL SECURITY ADMINISTRATION

Agency Forms Submitted to the Office

of Management and Budget for

Clearance

Normally on Fridays, the Social

Security Administration publishes a list

of information collection packages that

will require submission to the Office of

Management and Budget (OMB) for

clearance in compliance with P.L. 96–

511, as amended (P.L. 104–13 effective

October 1, 1995), The Paperwork

Reduction Act. Since the last list was

published in the Federal Register on

December 1, 1995, the following

information collections have been

proposed or will require extension of

the current OMB approvals:

(Call the SSA Reports Clearance Officer

on (410) 965–4142 for a copy of the

form(s) or package(s), or write to her at

the address listed below.) SSA Reports

Clearance Officer: Charlotte S.

Whitenight.

1. Inquiry to File An SSI Child’s

Application—0960–NEW. The

information collected on the form will

be used by the Social Security

Administration to document the earliest

possible filing date and to determine

potential eligibility for SSI child’s

benefits. The respondents are claimants

for SSI benefits.

Number of Respondents: 2,100.

Frequency of Response: 1.

Average Burden Per Response: 10

minutes.

Estimated Annual Burden: 350 hours.

Written comments and

recommendations regarding these

information collections should be sent

within 60 days from the date of this

publication, directly to the SSA Reports

Clearance Officer at the following

address: Social Security Administration,

DCFAM, Attn: Charlotte S. Whitenight,

6401 Security Blvd., 1–A–21 Operations

Bldg., Baltimore, MD 21235.

In addition to your comments on the

accuracy of the agency’s burden

estimate, we are soliciting comments on

the need for the information; its

practical utility; ways to enhance its

quality, utility and clarity; and on ways

to minimize burden on respondents,

including the use of automated

collection techniques or other forms of

information technology.

Dated: December 1, 1995.

Charlotte Whitenight,

Reports Clearance Officer Social Security

Administration.

[FR Doc. 95–29935 Filed 12–7–95; 8:45 am]

BILLING CODE 4190–29–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

[CGD08–95–021]

Houston/Galveston Navigation Safety

Advisory Committee Meeting

AGENCY: Coast Guard, DOT.

ACTION: Notice of meeting.

SUMMARY: The Houston/Galveston

Navigation Safety Advisory Committee

(HOGANSAC) will meet to discuss

waterway improvements, aids to

navigation, current meters, and various

other navigation safety matters affecting

the Houston/Galveston area. The

meeting will be open to the public.

DATES: The meeting will be held from 10

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

Thursday, January 18, 1996.

ADDRESSES: The meeting will be held in

the conference room of the Houston

Pilots Office, 8150 South Loop East,

Houston, Texas.

FOR FURTHER INFORMATION CONTACT:

Mr. M.M. Ledet, Recording Secretary,

Commander, Eighth Coast Guard

District (oan), Room 1211, Hale Boggs

Federal Building, 501 Magazine Street,

New Orleans, LA 70130–3396,

telephone (504) 589–4686.

SUPPLEMENTARY INFORMATION: Notice of

this meeting is given pursuant to the

Federal Advisory Committee Act, 5

U.S.C. App. 2 § 1 et seq. The meeting is

open to the public. Members of the

public may present written or oral

statements at the meeting.

The tentative agenda for the meeting

will consists of the following items:

(1) Review of the Houston Ship

Channel 2000 report.

(2) Report from the Waterways

Subcommittee.

(3) Report from the Navigation

Subcommittee.

(4) Various Coast Guard aid to

navigation improvement initiatives and

waterway analysis studies.

(5) Updates from the U.S. Army Corps

on various waterway improvement

projects.

Dated: November 22, 1995.

R.C. North,

Rear Admiral, U.S. Coast Guard, Commander,

Eighth Coast Guard District.

[FR Doc. 95–29968 Filed 12–7–95; 8:45 am]

BILLING CODE 4910–14–M

[CGD08–95–022]

Houston/Galveston Navigation Safety

Advisory Committee; Navigation

Subcommittee Meeting

AGENCY: Coast Guard, DOT.

ACTION: Notice of meeting.

SUMMARY: The Navigation

Subcommittee of the Houston/Galveston

Navigation Safety Advisory Committee

will meet to discuss various navigation

safety matters affecting navigation in the

Houston/Galveston port area.

DATES: The meeting will be held from

9:30 am. to 11 a.m., on Thursday,

January 4, 1996.

ADDRESSES: The meeting will be held at

the Blackthorn Memorial, U.S. Coast

Guard Base Galveston, 1 Ferry Road,

Galveston, TX 77553.

FOR FURTHER INFORMATION CONTACT:

Mr. M.M. Ledet, Recording Secretary,

Commander, Eighth Coast Guard