Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Notices 66819

13 15 U.S.C. 78f and 78k–1 (1988).

14As noted above, the PHLX’s rules will not

require a specialist to guarantee AUTO–X orders to

a depth of 50 contracts. Instead, the proposal will

allow specialists to establish an AUTO–X guarantee

for each option up to the permissible size of 50

contracts, with a minimum guarantee of 10

contracts required.

15CF. Securities Exchange Act Release Nos.

36310 (September 29, 1995), 60 FR 52792 (October

10, 1995) (rule proposals and amendments to

improve the handling and execution of customer

orders); and 33894 (April 11, 1994), 59 FR 18429

(April 18, 1994) (order approving File No. SR–

Amex-93–32, noting that limiting the automatic

execution of orders for Hong Kong Index options to

50 contracts or less will ensure that larger orders

are exposed to the floor for potential price

improvement).

16See December 12, Letter, Supra note 4.

17 15 U.S.C. 78s(b)(2) (1982).

18 17 CFR 200.30–3(a)(12) (1994).

the requirements of the Act and the

rules and regulations thereunder

applicable to a national securities

exchange and, in particular, the

requirements of Sections 6 and 11A.13

The Commission notes that the

development and implementation to

date of the AUTOM system has

provided for more efficient handling

and reporting of orders in PHLX equity

and index options through the use of

new data processing and

communications techniques, thereby

improving order processing and

turnaround time. The Commission does

not object at this time to extending the

benefits available through the use of an

automated system to larger-size

customer options orders of up to 50

contracts.

Public customers may benefit from

the proposal because public customer

orders for up to 50 option contracts may

be executed automatically and

guaranteed by the specialist at the

displayed market quote. In addition,

public customers will have the benefit

or receiving immediate executions and

nearly instantaneous confirmations for

orders of up to 50 contracts.14 The

increase in the AUTO–X feature for all

equity and index options may also

increase the depth and liquidity of the

market for the options where the

specialist chooses to fill orders to a

depth of up to 50 contracts. The

Commission notes, however, that

AUTO–X currently, and as proposed,

does not require an opportunity for

price improvement on a systematic

basis. The Commission expects the

PHLX to examine the feasibility of

modifying AUTO–X to provide a

mechanism for price improvement on a

systematic basis.15

The Commission also believes, based

on representations by the Exchange,16

that expanding the order eligibility size

of AUTO–X for all equity and index

options to 50 contracts will not expose

the PHLX’s options markets or equity

markets to risk of failure or operational

break-down. In particular, the Exchange

represents that only a small percentage

of total daily trades on the PHLX are

filled through AUTO–X; in addition, the

Exchange notes that, currently, AUTOM

is approximately 30% utilized during

peak market activity. The Exchange

represents that AUTOM can easily

support any volume associated with the

proposal. In addition, since the AUTOM

system is completely independent from

the PHLX’s Automated Communication

and Execution (‘‘PACE’’) system for

routing and executing stock orders,

neither AUTOM nor PACE should

impact the other during periods of high

volume.

It is therefore ordered, pursuant to

Section 19(b)(2) of the Act, 17 that the

proposed rule change (SR–PHLX–95–

39) is approved.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.18

[FR Doc. 95–31219 Filed 12–22–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings; Agreements

Filed During the Week Ending 12/15/95

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C 412

and 414. Answers may be filed within

21 days of date of filing.

Docket Number: OST–95–936.

Date filed: December 15, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC2 Reso/P 1873 dated

December 1, 1995, Middle East-Africa

Resolutions r-1—r19, Intended effective

date: April 1, 1996, Necessary

Government Action Date: no later than

February 20, 1996.

Docket Number: OST–95–937.

Date filed: December 15, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC23 Reso/P 0724 dated

December 1, 1995, Africa-TC3 Resos,

Intended effective date: April 1, 1996,

Necessary Government Action Date: no

later than February 15, 1996.

Docket Number: OST–95–938.

Date filed: December 15, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC12 Telex Mail Vote 765,

Mexico-Germany and Mid AtlanticGermany fares, r-1— 074aa r-2—074w,

Intended effective date: January 20,

1996.

Paulette V. Twine,

Chief Documentary Services Division.

[FR Doc. 95–31249 Filed 12–22–95; 8:45 am]

BILLING CODE 4910–62–P

Notice of Applications for Certificates

of Public Convenience and Necessity

and Foreign Air Carrier Permits Filed

Under Subpart Q During the Week

Ending December 15, 1995

The following Applications for

Certificates of Public Convenience and

Necessity and Foreign Air Carrier

Permits were filed under Subpart Q of

the Department of Transportation’s

Procedural Regulations (See 14 CFR

302.1701 et. seq.). The due date for

Answers, Conforming Applications, or

Motions to modify Scope are set forth

below for each application. Following

the Answer period DOT may process the

application by expedited procedures.

Such procedures may consist of the

adoption of a show-cause order, a

tentative order, or in appropriate cases

a final order without further

proceedings.

Docket Number: OST–95–922.

Date filed: December 11, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 8, 1996.

Description: Application of Rio Air

Express, S.A. dba Skyjet Brazil, requests

Amendment of its Foreign Air Carrier

Permit to transport belly-cargo and mail

in combination with its charter

passenger service between Brazil and

the United States.

Docket Number: OST–95–923.

Date filed: December 11, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 8, 1996.

Description: Application of Virgin

Atlantic Airways Limited, pursuant to

U.S.C. Section 40109 and Subpart Q of

the Regulations, requests amendment of

its Foreign Air Carrier Permit, to

authorize the following air

transportation, in addition to scheduled

combination air transportation of

passengers, cargo, and mail between

London, England (Heathrow) and San

Francisco, California, for which Virgin

Atlantic initially sought an amendment

to its foreign air carrier permit on

January 11, 1994:

(1) scheduled combination air

transportation of passengers, cargo, and

mail between London, England

(Heathrow) and Washington, DC

(Dulles); and

(2) scheduled combination air

transportation of passengers, cargo, and
66820 Federal Register / Vol. 60, No. 247 / Tuesday, December 26, 1995 / Notices

mail between Manchester, England and

Orlando, Florida.

Docket Number: OST–95–931.

Date filed: December 15, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 12, 1996.

Description: Application of

Continental Micronesia, Inc. pursuant to

49 U.S.C. Section 41102, applies for

renewal of its Route 171 Guam/SaipanSapporo/Sendai authority for a five-year

period.

Docket Number: OST–95–932.

Date filed: December 15, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: January 12, 1996.

Description: Application of Cayman

Airways Limited, requests Amendment

of its Foreign Air Carrier Permit so as to

authorize CAL to serve an additional

U.S. point, Orlando, Florida.

Paulette V. Twine,

Chief, Documentary Services Division.

[FR Doc. 95–31248 Filed 12–22–95; 8:45 am]

BILLING CODE 4910–62–P

Federal Aviation Administration

Advisory Circulars: Small Airplanes

Airworthiness Standards

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Publication of Advisory

Circulars; Part 23 Airplanes.

SUMMARY: The purpose of this notice is

to advise the public of advisory

circulars (AC’s) issued by the Small

Airplane Directorate since January 1995.

The AC’s listed below relate to Part 23

of the Federal Aviation Regulations

(FAR) and/or Part 3 of the Civil Air

Regulations (CAR). They were issued to

inform the aviation public of acceptable

means of showing compliance with the

Airworthiness Standards in the FAR

and/or CAR, but the material is neither

mandatory nor regulatory in nature.

FOR FURTHER INFORMATION CONTACT:

Ms. Terre Flynn, Standards Staff (ACE–

110), Federal Aviation Administration,

Small Airplane Directorate, Aircraft

Certification Service, 601 East 12th

Street, Kansas City, Missouri 64106;

commercial telephone number (816)

426–6941.

SUPPLEMENTARY INFORMATION:

Background

These AC’s were developed to update

existing policy information for small

airplane certification programs.

Comments

Interested parties were given the

opportunity to review and comment on

each AC during the development phase.

At that time, notices were published in

the Federal Register to announce the

availability of, and request written

comments, to each proposed AC. Each

comment was reviewed and resolved.

Appropriate comments were

incorporated in the AC.

Distribution

The published AC’s are available

upon request through the U.S.

Department of Transportation, General

Services Section, M–45.3, Washington,

DC 20590.

ADVISORY CIRCULARS PUBLISHED

AC No Date Title

23.1521.1B ...................................... 3/2/95 Type Certification of Automobile Gasoline in Part 23 Airplanes With Reciprocating Engines.

23.1309–1B ..................................... 7/28/95 Equipment, Systems, and Installations in Part 23 Airplanes.

In addition to the AC’s listed above,

Change 2 to FAA Report, FAA P–8110–

2, Airship Design Criteria (ADC), was

issued 2/6/95. This change adds the

requirements for a fly-by-light control

system. Civil Aeronautics Manual 3

(CAM 3), Existence of Design Standards

for Acceptance Under Primary Category

Rule, was issued 3/17/94. A copy of

both of these publications may be

obtained by contacting the person

named above under FOR FURTHER

INFORMATION CONTACT.

Issued in Kansas City, Missouri. on

December 15, 1995.

Dwight A. Young,

Acting Manager, Small Airplane Directorate

Aircraft Certification Office.

[FR Doc. 95–31250 Filed 12–22–95; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF THE TREASURY

Public Information Collection

Requirements Submitted to OMB for

Review

December 18, 1995.

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.

U.S. Customs Service (CUS)

OMB Number: 1515–0056.

Form Number: CF 19.

Type of Review: Extension.

Title: Protest.

Description: The CF 19 ‘‘Protest’’ form

is used by an importer, filer, or any

party at interest to petition the Customs

Service, or protest, any action or charge,

made by the port director on or against

any decisions of the Customs Service,

including the legality of all orders and

findings entering into the same, as

described in 19 U.S.C. 1514(a). The form

provides a simple format which can be

used by the filer to seek relief from

those customs charges.

Respondents: Business or other forprofit, Individuals or households, Notfor-profit institutions, Farms.

Estimated Number of Respondents/

Recordkeepers: 3,750.

Estimated Burden Hours Per

Respondent/Recordkeeper: 1 hour, 30

minutes.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 41,250 hours.

OMB Number: 1515–0091.

Form Number: None.

Type of Review: Extension.

Title: Importers of Merchandise

Subject to Actual Use Provisions.

Description: This part of the

regulation provides that certain items

may be admitted duty free such as

farming implements, seed, potatoes etc.,

providing the importer can prove these

items were actually used as

contemplated by law. The importer

must maintain detailed records and

furnish a statement of use.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 12,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 1 hour.

Frequency of Response: Annually.