Federal Register / Vol. 60, No. 73 / Monday, April 17, 1995 / Notices 19317

merchandise, insurance, and services.’’

Although other government-controlled

export financing entities have obtained

no-action relief under section 3(c)(5)(B),

their lending activities were described

as primarily sales financing; that is, the

making of loans to either exporters or

foreign buyers to finance particular sales

transactions. Applicant was created to

serve the same purpose as these other

entities.

Applicant’s loans can be described as

indirect sales financing (goods cannot

be exported unless they are first

produced). The bulk of the loans

extended by applicant, however, are

‘‘preshipment’’ loans, which finance the

working capital needs of Colombian

exporters, and are unlike the sales

financing described in the no-action

letters.

5. Applicant seeks an exemption

under section 6(c) from all provisions of

the Act. Applicant believes that it meets

the standards for relief.

Applicant’s Condition

Applicant agrees that the order

granting the requested relief shall be

subject to the following condition:

In connection with any offering of its

securities in the United States, applicant

will appoint an agent to accept any

process which may be served on it in

any action based on such securities and

instituted in the Supreme Court of the

State of New York or the United States

District Court for the Sourthern District

of New York by any holder of any such

securities. Applicant further undertakes

that it will expressly consent to the

jurisdiction of the Supreme Court of the

State of New York and the United States

District Court for the Southern District

of New York in respect of any such

action. Applicant also will waive the

defense of an inconvenient forum to the

maintenance of any such action or

proceeding. Such appointment of an

agent to accept service of process and

such consent to jurisdiction will be

irrevocable until all amounts due and to

become due in respect of such securities

have been paid. Applicant explicitly

waives any immunity it may have from

jurisdiction and from execution or

attachment or any process in the nature

thereof in respect of any suit, action or

proceeding arising out of or relating to

such securities.

For the SEC, by the Division of Investment

Management, under delegated authority.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–9399 Filed 4–14–95; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings; Agreements

Filed During the Week Ended April 7,

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: 50262.

Date filed: April 4, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC3 Telex Mail Vote 735

Russian Federation-Japan fares r-1—

043i r-3—063i r-5—084c r-2—053i r-4—

063ii.

Proposed Effective Date: April 10,

1995.

Docket Number: 50263.

Date filed: April 4, 1995.

Parties: Members of the International

Air Transport Association.

Subject: PAC/Reso/388 dated March

28, 1995. Finally Adopted Resos r-1 to

r-7.

Proposed Effective Date: June 1, 1995.

Paulette V. Twine,

Chief, Documentary Services Division.

[FR Doc. 95–9315 Filed 4–14–95; 8:45 am]

BILLING CODE 4910–62–P

Notice of Applications for Certificates

of Public Conveyance and Necessity

and Foreign Air Carrier Permits Filed

Under Subpart Q During the Week

Ended April 7, 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: 50257.

Date filed: April 3, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: May 1, 1995.

Description: Application of Kuwait

Airways Corporation, pursuant to

Section 402(c) of the Act 1958, as

amended, 49 U.S.C. Section 211, 5

U.S.C. Section 558(c) and Parts 211 and

377 of the Departments Regulations and

Subpart Q of the Regulations, applies for

amendment of its foreign air carrier

permit authorizing Kuwait Airways to

engage in scheduled air transportation

of persons, property and mail between

the State of Kuwait and the United

States and charter operations.

Docket Number: 50260.

Date filed: April 4, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: April 2, 1995.

Description: Application of Ross

Aviation, Inc., pursuant to Section 401

of the Act and Subpart Q of the

Regulations, requests scheduled and ondemand passenger transportation for

exclusive service to the Department of

Energy covering the contiguous 49 states

of the United States.

Docket Number: 50261.

Date filed: April 4, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: May 2, 1995.

Description: Application of LorAir,

Ltd., pursuant to 401(d)(3), of the Act

and Subpart Q of the Regulations,

requests a certificate of public

convenience and necessity authorizing

interstate and overseas charter air

transportation.

Docket Number: 50269.

Date filed: April 6, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: May 4, 1995.

Description: Application of Islena De

Inversiones S.A. De C.V. D/B/A Islena

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

40109 and Subpart Q of the Regulations,

requests a foreign air carrier permit to

engage in scheduled foreign air

transportation of persons, property and

mail between a point or points in

Honduras and Miami, Florida, New

Orleans, Louisiana and Houston, Texas,

and to engage in charter foreign air

transportation of persons, property and

mail.

Docket Number: 50274.

Date filed: April 7, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: May 5, 1995.

Description: Application of USAir,

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

41101, and Subpart Q of the

Regulations, applies for a certificate of

public convenience and necessity

authorizing USAir to provide scheduled

foreign air transportation of persons,

property and mail between points in the

United States and points in Canada.

Paulette V. Twine,

Chief, Documentary Services Division.

[FR Doc. 95–9316 Filed 4–14–95; 8:45 am]

BILLING CODE 4910–62–P