Federal Register / Vol. 60, No. 33 / Friday, February 17, 1995 / Notices 9421

1On the same date, the Court entered an

injunction against the Adviser and Hall

permanently enjoining them from future violations

of the securities laws.

2The Special Officer submitted the claim to the

insurance company on March 24, 1992. The bond

had been issued in the amount of $300,000 to cover

losses resulting from, among other things, dishonest

or fraudulent acts committed by an employee of

applicant. By letter dated December 9, 1992, the

insurance company denied the claim but,

nonetheless, requested additional information to

evaluate the claim. According to a motion filed by

the Special Officer with the Court on November 1,

1994, the Special Officer has retained Robert E.

Goldman of Frydrych & Webster to prosecute the

Claim. The motion further states that Mr. Goldman

serves as counsel to a shareholder of applicant that

owns approximately 86% of applicant but that he

has agreed to prosecute the claim for the benefit of

all shareholders.

each amendment requires the

affirmative vote of the holders of a

majority of the outstanding share of

common stock entitled to vote at the

annual meeting.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–3976 Filed 2–16–95; 8:45 am]

BILLING CODE 8010–01–M

[Rel. No. IC–20897; 811–4829]

Treasury First Inc.; Notice of

Application

February 13, 1995.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for

Deregistration under the Investment

Company Act of 1940 (the ‘‘Act’’).

APPLICANT: Treasury First Inc.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

requests an order declaring that it has

ceased to be an investment company.

FILING DATE: The application was filed

on May 19, 1994 and amended on July

27, 1994 and January 30, 1995.

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 10, 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, DC 20549.

Applicant, c/o Edward S. Gelfand,

Special Officer, Friedman & Phillips,

10920 Wilshire Boulevard, Suite 650,

Los Angeles, CA 90024.

FOR FURTHER INFORMATION CONTACT:

Elaine M. Boggs, Staff Attorney, at (202)

942–0572, 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 an open-end

management investment company

organized as a Maryland corporation.

On September 4, 1986, applicant

registered under the Act as an

investment company. On May 19, 1987,

applicant filed a registration statement

to register its shares under the Securities

Act of 1933. The registration statement

was declared effective on June 1, 1987,

and the initial public offering

commenced on the same day.

2. On November 1, 1991, the SEC filed

a civil suit against applicant, applicant’s

adviser, Cheshire Hall Advisers, Inc.,

(the ‘‘Adviser’’), and an affiliate of the

Adviser, John T. Hall, in the United

States District Court, Central District of

California alleging various violations of

the federal securities laws. The SEC

alleged, among other things, the Hall,

through the Adviser, misappropriated

approximately $2.1 million from

applicant. This amount represented

approximately 75% of applicant’s assets

at the time of the alleged

misappropriation.

3. As a result of the above action,

applicant and the Adviser ceased doing

business. On November 14, 1991, the

Court issued an order (the ‘‘Order’’) that

authorized the appointment of Edward

S. Gelfand as Special Officer of

applicant and the Adviser for the

purpose of supervising and directing the

liquidation of applicant and the Adviser

as well as the deregistration of applicant

under the Act.1

4. In November 1991, the Special

Officer had control of $2,814.674.78 of

applicant’s assets. Of this amount,

$2,664,674.78 was distributed to

applicant’s five shareholders pro rata in

November 1991. The remaining

$150,000 was placed in an account (the

‘‘Account’’) maintained by the Special

Officer to be used for expenses incurred

on applicant’s behalf in connection with

the winding up of applicant’s affairs.

From the Account, expenses for

applicant totalling $91,623.55 were paid

which included compensation and

expenses of applicant’s accountant.

5. On December 7, 1995, the Court

issued a modification of the Order to

approve the final report of the Special

Officer and to relieve the Special Officer

of this responsibility to dissolve and

liquidate applicant. This order also

authorized the final distribution of cash

to applicant’s shareholders.

Accordingly, on December 30, 1994, the

Special Officer distributed $60,165.47,

representing the remaining amount in

the Account plus interest, pro rata

among applicant’s shareholders.

6. The Special Officer had submitted

a claim against a bond issued by

Reliance Insurance Company to

applicant. In the event of a recovery, the

proceeds will be distributed to

applicant’s shareholders pro rata.2

7. The Special Officer is not aware of

any liabilities other than those set forth

in an audited financial statement

prepared in 1991 by applicant’s

accountants.

8. Applicant is not now engaged, nor

does it propose to engage, in any

business activities other than those

necessary for the winding up of its

affairs. If the shareholders decide to

dissolve applicant under state law after

the claim is resolved, the shareholders

would bear the cost associated with

such dissolution.

For the Commission, by the Division of

Investment Management, pursuant to

delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–4047 Filed 2–16–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings; Agreements

Filed During the Week Ended February

10, 1995

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: 50118

Date filed: February 7, 1995

Parties: Members of the International

Air Transport Association

Subject: TC23 Reso/P 0675 dated

December 2, 1994 Europe-Japan/Korea

Resos r-1 to r-54
9422 Federal Register / Vol. 60, No. 33 / Friday, February 17, 1995 / Notices

Proposed Effective Date: April 1, 1995

Docket Number: 50122

Date filed: February 9, 1995

Parties: Members of the International

Air Transport Association

Subject: TC3 Reso/P 0604 dated Dec. 20,

1994 r-1 TC3 Reso/P 0607 dated Dec.

20, 1994 r-2 to r-9 TC3 Reso/P 0609

dated Dec. 20, 1994 r-10 to r-14 TC3

Reso/P 0611 dated Dec. 20, 1994 r-15

to r-17 TC3 Reso/P 0614 dated Dec.

20, 1994 r-18 to r-21 TC3 Reso/P 0618

dated Dec. 20, 1994 r-22 to r-34

Proposed Effective Date: April 1, 1995

Docket Number: 50123

Date filed: February 9, 1995

Parties: Members of the International

Air Transport Association

Subject: TC3 Reso/P 0603 dated Dec. 20,

1994 r-1 to r-3 TC3 Reso/P 0605 dated

Dec. 20, 1994 r-4 to r-9 TC3 Reso/P

0606 dated Dec. 20, 1994 r-10 to r-17

TC3 Reso/P 0608 dated Dec. 20, 1994

r-18 r-22 TC3 Reso/P 0610 dated Dec.

20, 1994 r-23 to 30 TC3 Reso/P 0612

dated Dec. 20, 1994 r-31 to r-38 TC3

Reso/P 0613 dated Dec. 20, 1994 r-39

to r-42 TC3 Reso/P 0615 dated Dec.

20, 1994 r-43 to r-55 TC3 Reso/P 0616

dated Dec. 20, 1994 r-56 to r-69 TC3

Reso/P 0617 dated Dec. 20, 1994 r-70

to 89 TC3 Reso/P 0619 dated Dec. 20,

1994 r-90 to 95 TC3 Reso/P 0620

dated Dec. 23, 1994 r-96 to r-117 TC3

Reso/P 0621 dated Dec. 23, 1994 r-118

to r-128 TC3 Reso/P 0622 dated Dec.

23, 1994 r-129 to r-138 TC3 Reso/P

0623 dated Dec. 23, 1994 r-139 to r145

Proposed Effective Date: April 1, 1995

Myrna F. Adams,

Acting Chief, Documentary Services Division.

[FR Doc. 95–4034 Filed 2–16–95; 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

Ended February 10, 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: 50114

Date filed: February 6, 1995

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: March 6, 1995

Description: Application of American

Trans Air, Inc., pursuant to 49 U.S.C.

41101 and Subpart Q of the

Regulations, requests a certificate of

public convenience and necessity

authorizing ATA to engage in the

scheduled foreign air transportation of

persons, property and mail between

the co-terminal points Indianapolis,

Indiana, and Cincinnati, Ohio, on the

one hand, and Grand Cayman Islands,

on the other hand.

Docket Number: 50124

Date filed: February 9, 1995

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: March 9, 1995

Description: Application of ABX Air,

Inc., pursuant to 49 U.S.C., Section

41102 and Subpart Q of the

Regulations, for issuance of an

amended certificate of public

convenience and necessity for Route

377, so as to authorize Airborne to

provide foreign air transportation of

property and mail between any point

or points in the United States, on the

one hand, and any point or points in

the United States, on the one hand,

and any point or points in Canada, on

the other hand.

Myrna F. Adams,

Acting Chief, Documentary Services Division.

[FR Doc. 95–4033 Filed 2–16–95; 8:45 am]

BILLING CODE 4910–62–P

Federal Aviation Administration

Proposed Advisory Circular; Weld

Repair of Aluminum Crankcases and

Cylinders of Piston Engines

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of issuance of advisory

circular.

SUMMARY: This notice announces the

reissuance of Advisory Circular (AC),

No. 33–6, Weld Repair of Aluminum

Crankcases and Cylinders of Piston

Engines. The AC provides information

and guidance concerning an acceptable

method, but not the only method, for

the development of process

specifications for weld repairs on

crankcases and cylinders of piston

engines.

FOR FURTHER INFORMATION CONTACT:

Locke Easton, Engine and Propeller

Standards Staff, ANE–110, at the above

address, telephone (617) 238–7113, fax

(617) 238–7113.

SUPPLEMENTARY INFORMATION:

Background

This AC was formulated to provide

guidelines for applicants in the

development of repair procedures for

weld repairs on crankcases and

cylinders of piston engines. It addresses

development of weld repairs which are

not contained in the engine

manufacturer’s ‘‘Instructions for

Continued Airworthiness’’

(Maintenance Manual). It provides

guidance to clarify the areas which

should be addressed by an applicant’s

repair procedure, and/or substantiating

data when seeking an approval for weld

repair on crankcases or cylinders.

This AC also includes information on

critical areas of welding, qualifications

of welders, inspection techniques, the

thermal processes, and technical data

required; and references industry and

military specifications which are

acceptable for use by repair stations as

approved data.

This advisory circular, published

under the authority granted to the

Administrator by 49 U.S.C. 106(g), 49

U.S.C. App. 1354(a), 1421 and 1423,

provides guidance for the development

of process specifications for weld

repairs on crankcases and cylinders of

piston engines.

Issued in Burlington, Massachusetts, on

February 2, 1995.

James C. Jones,

Acting Manager, Engine and Propeller

Directorate, Aircraft Certification Service.

[FR Doc. 95–4075 Filed 2–16–95; 8:45 am]

BILLING CODE 4910–13–M

[Summary Notice No. PE–95–7]

Petitions for Exemption; Summary of

Petitions Received; Dispositions of

Petitions Issued

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of petitions for

exemption received and of dispositions

of prior petitions.

SUMMARY: Pursuant to FAA’s rulemaking

provisions governing the application,

processing, and disposition of petitions

for exemption (14 CFR part 11), this

notice contains a summary of certain

petitions seeking relief from specified

requirements of the Federal Aviation

Regulations (14 CFR chapter I),

dispositions of certain petitions

previously received, and corrections.

The purpose of this notice is to improve

the public’s awareness of, and

participation in, this aspect of FAA’s

regulatory activities. Neither publication