Skip to main content

Federal Register, Volume 37, Number 91

CESSNA T310 · Supplemental Type Certificate

Free account — keep the POHs & checklists you reference in one place.

Overview

This document is a Federal Register publication detailing regulations and directives related to various aircraft, including the Cessna T310. It serves as a supplemental type certificate, providing essential information for compliance with airworthiness directives and operational standards. The document is intended for aviation professionals, including pilots and maintenance personnel, ensuring they are informed about the latest regulatory requirements affecting the Cessna T310 and other aircraft. Key sections include airworthiness directives, proposed rulemakings, and compliance timelines, which are crucial for maintaining the safety and operational integrity of the aircraft.

  • Cessna T310 is subject to specific airworthiness directives that must be followed for compliance.
  • Timelines for compliance with airworthiness directives are critical; failure to comply can affect aircraft operation.
  • Proposed rulemakings may introduce new regulations impacting the Cessna T310; stakeholders are encouraged to participate in the comment process.
  • Regular updates to regulations ensure that pilots and maintenance personnel are aware of the latest safety requirements.

Document

Source

Originally published by www.govinfo.gov. Sprinkle hosts a reference copy with an added summary, specifications and searchable full text.

Report a problem or request removal

Document details

Type
Supplemental Type Certificate
Year
1972
Pages
72
File size
19 MB
Publisher
www.govinfo.gov
How rare is it?
1CESSNA T310 registered worldwide

Common. Rarer than 24% of the aircraft models we track.

Documentation completeness
2/7

Most owners only have the POH. Here's the essential set for the CESSNA T310.

More CESSNA T310manuals & documents

See all 13
Similar aircraft

If you fly the CESSNA T310, you may also be researching these.

In this document

Airworthiness Directives

This section outlines specific airworthiness directives applicable to the Cessna T310, detailing required inspections, modifications, and compliance timelines to ensure the aircraft meets safety standards.

Proposed Rulemaking

The proposed rulemaking section discusses upcoming regulations that may affect the operation and maintenance of the Cessna T310, inviting comments from stakeholders to refine the rules before implementation.

Compliance Requirements

This section specifies the compliance requirements for existing directives, including deadlines for completing necessary inspections and modifications to maintain airworthiness.

Regulatory Updates

Updates on regulatory changes that impact the Cessna T310, including amendments to existing rules and the introduction of new safety measures.

Safety notes

  • Failure to comply with airworthiness directives may result in grounding of the aircraft.
  • It is essential to stay informed about proposed rulemakings that could affect operational procedures.

Full document text

WEDNESDAY, MAY 10, 1972 WASHINGTON, D.C. Volume 37 ■ Number 91 Pages 9377-9448 PART I (Part II begins on page 9439) HIGHLIGHTS OF THIS ISSUE This listing does not affect the legal status of any document published in this issue. Detailed table of contents appears inside. BREEDING CATTLE— USDA amendment of reg ulations governing financing of commercial export s a le s ................................................ — .................... —• 9383 BUS SAFETY— DoT adopts new standard estab lishing minimum requirements for window reten tion and provision of emergency exists in buses; effective 9 -1 - 7 3 ......... ............................... ............. 9394 CANDIDATES FOR FEDERAL OFFICE— CAB regulations place restrictions on air car riers extension of unsecured credit to candi- dates, or to other persons on behalf of candi dates; effective 5 - 6 - 7 2 ..... ....... .............. ............. 9384 FCC regulations cover the extension of credit to candidates, or to other persons on behalf of candidates; effective 5 -1 5 - 7 2 ............... ............. 9392 ECONOMIC STABILIZATION— IRS/Cost of Living Council publish ruling ex empting rate adjustments of State-owned bridge authorities ........................... .................... - 9406 IRS/Price Commission rulings on rental in creases ........... ............................................. ............. 9406 (Continued Inside) Latest Edition Guide to Record Retention Requirements [Revised as of January 1, 1972] This useful reference tool is designed to keep businessmen and the general public informed concerning the many published requirements in Federal laws and regulations relating to record retention. The 92-page “ Guide” contains over 1,000 digests which tell the user (1) what type records must be kept, (2) who must keep them, and (3) how long Price: Compiled by Office of the Federal Register, National Archives and Records Service, General Services Administration Order from Superintendent of Documents, U.S. Government Printing Office Washington, D.C. 20402 they must be kept. Each digest carries a reference to the full text of the basic ' law or regulation providing for such retention. The booklet’s index, numbering over 2,200 items, lists for ready reference the categories of persons, companies, pnd products affected by Federal record retention requirements. $ 1.00 Area Code 202 FEDERAL®REGISTERV , l» 3 « . ¿ P Phone 962-8626 Published daily, Tuesday through Saturday (no publication on Sundays, Mondays, or on the day after an official Federal holiday), by the Office of the Federal Register, National Archives and Records Service, General Services Administration, Washington, D.O. 20408, ..... pursuant to the authority contained in the Federal Register Act, approved July 26, 1935 (49 Stat. 500, as amended; 44 U.S.C., Oh. 15), under regulations prescribed by the Administrative -Committee of the Federal Register, ap proved by the President (1 CFR Ch. I ) . Distribution is made only by the Superintendent o f Documents, U.S. Government Printing Office, Washington, D.C. 20402. - . . . The Federal R egister will be furnished by mail to subscribers, free o f postage, for $2.50 per month or $25 per year, payable in advance. The charge for individual copies is 20 cents for each issue, or 20 cents for each group of pages as actually bound. Rem it check or money order, made payable to the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. The regulatory material appearing herein is keyed to the Code o p Federai. Regulations, which is published, under 50 titles, pursuant to section 11 o f the Federal Register Act, as amended (44 U.S.C. 1510). The Code op Federal Regulations is sold by the Superintendent o f Documents. Prices of new books are listed in the first Federal R egister issue o f each month. There are no restrictions on the republication o f material appearing in the Federal Register or the Code of Federal R egulations. HIGHLIGHTS— Continued FISHERIES LOANS— NOAA reduces Interest rate; effective 5 -1 0 -7 2 ............. .............- .............. . 9400 OCCUPATIONAL SAFETY AND HEALTH— Dept, of Labor proposes regulations affecting certain construction and electrical workers; comments within 30 days ..... .............................................. 9439 SECURITIES— SEC amendments allow deposits of broker-dealers to a specified clearing agency to be included in net worth in calculation of net capital ...................................................................... - 9390 TARIFFS AND SCHEDULES— ICC issues regula tions to insure timely transmittal to subscribers. 9398 AGRICULTURAL M A RKETIN G SERVICE Proposed Rule Making Avocados: Florida grown; handling limita- tions (2 documents) ------------ 9401 Import limitations ---------------- 9403 A G RICU LTU RE DEPARTM ENT See also Agricultural Marketing Service; Animal and Plant H e a l t h Inspection Service; Commodity Credit Corporation; Forest Service. Notices Tobacco inspection and price sup port services; public hearings regarding applications ------------ 9408 A N IM A L A N D PLAN T HEALTH IN SPECTIO N SERVICE Rules and Regulations Overtime services relating to im ports and exports; commuted travel time allowances ------------ 9384 Notices Soil samples; list o f approved laboratories; correction ----- -— 9408 ASSISTANT SECRETARY FOR H O U SIN G PRO D U CTIO N A N D M O R T G A G E CREDIT O FFIC E Proposed Rule Making Mortgage insurance and assist ance payments for home owner ship and project rehabilitation; eligibility requirements f o r homes for lower income fam i lies; correction ________________ 9401 A TO M IC EN ER G Y CO M M ISSIO N Notices ITT Research Institute; license termination order______________ 9410 Pennsylvania Power & Light Co.; receipt of Attorney General’s advice and time for filing of pe titions to intervene on antitrust matters _________ 9410 C o n t e n t s C IV IL A ER O N A U T IC S BO ARD Rules and Regulations

Show full text

Extension of credit by air carriers to political candidates ------------ 9392 Notices Eastern Air Lines, Inc.; order of investigation and suspension™ 9412 C IV IL SERV IC E CO M M ISSIO N Rules and Regulations E xcep ted se rv ic e : Department of the Arm y --------- 9383 Department of Commerce-------- 9383 Department of Health, Educa tion, and W elfare------------------9383 Executive Office of the Presi dent _________________________ 9383 Federal Home Loan B a n k B o a r d ______________________ 9383 C O A ST G U A RD Proposed Rule Making Blackwater River, Fla.; draw bridge operations ----------------- 9404 Tank vessels; withdrawal of pro posal ____________________ 9404 Notices Equipment, construction, and ma terials; termination of ap proval; correction™ ------------- 9409 C O M M ER C E DEPARTM ENT See National Oceanic and A t mospheric Administration. C O M M O D IT Y CREDIT C O R P O R A TIO N Rules and Regulations Financing of export sales of agri cultural commodities from pri vate stocks; redefinition of “ port value” .-------------------- 9383 EM ER G EN C Y PREPAREDNESS O FFIC E Proposed Rule Making Private nonprofit medical care fa cilities; repair, reconstruction, replacement; extension of time for filing comments ___________ 9405 FEDERAL A V IA T IO N A D M IN ISTR A TIO N Rules and Regulations Airworthiness directives: Boeing airplanes _______________ 9384 Cessna airplanes..______________ 9385 DeHavilland airplanes ----------- 9385 Jet route segment; alteration ____ 9386 Proposed Rule Making Rules of practice for hearings; withdrawal of proposal----------- 9405 FEDERAL C O M M U N IC A T IO N S C O M M ISSIO N Rules and Regulations Common carriers; extension of credit to candidates for Federal o ffic e ------ -------------------------- 9392 FEDERAL M ARITIM E C O M M ISSIO N Notices Certificates of financial responsi bility (oil pollution); notice of certificates issued------------------ 9414 North Atlantic Pool; order of in vestigation and hearing --------- 9413 FED ERAL RAILRO A D A D M IN ISTR A TIO N Notices American Short Line Railroad Association; petition for ex emption from hours of service limitation ____________________ 9409 FO O D A N D DRUG A D M IN ISTR A TIO N Rules and Regulations New animal drugs: P ip era ceta zin e in je c tio n an d tablets --------------------------- 9391 Sulfadimethoxine oral suspen sion ------------- >---------------- - 9391 Sterile ampicillin trihydrate for suspension; veterinary --------- 9392 (Continued on next page) 9379 9380 CONTENTS FOREST SERVICE Notices Cooperative S p r u c e Budworm Suppression Project, Maine; availability of final environ mental statement______________ 9408 Rogue River National Forest Ten Y ear Timber Management Plan ; availability of draft environ mental statement _____ __ ______ 9408 H A Z A R D O U S M ATERIALS R EG U LA TIO N S BO ARD Notices Special permits issued_______ ____ 9409 H EALTH, ED U C A TIO N , A N D W ELFA RE DEPARTM ENT See Food and Drug Administra tion. H O U SIN G A N D URBAN D EV ELO PM EN T DEPARTM ENT See Assistant Secretary for Hous ing Production and Mortgage Credit Office. IN TERN AL R EV EN U E SERVICE Proposed Rule Making Income tax; disallowance of inter est on certain indebtedness incurred by corporations to ac quire stock or assets of another corporation; correction _______ 9405 Notices E x e m p t i o n of State-owned bridges; Cost of Living Council r u lin g ------------------------------- 9406 Price Commission rulings: Base rent; special arrange ments _______________________ 9407 Formula determined rent leases executed prior to August 15, 1971 ________________________ 9407 Increase in rent for capital im provement ____________________ 9406 Notice— rental increase under fo r m u la _________________ ;___ 9407 Prior approval for increase in rent in excess of 10% for capi tal improvement _________ 9406 INTERSTATE C O M M ER C E C O M M ISSIO N Rules and Regulations Transmission of tariffs and sched ules to subscribers and other in terested parties ________________ 9398 Proposed Rule Making Issuance of securities, assumption of obligations, and filing of cer tificates and reports; form of offering circular required for public sales of securities; Cor rection ________________________ 9405 Notices Assignment of hearings_____:____ 9420 Composite commodity list _______ 9420 Fourth section application for relief _________________________ 9426 Increased freight rates, 1970; application for approval of amendment (2 documents) ____ 9426 Middlewest Motor Freight Bu- 1 reau; application for amend ment to agreement ___________ 9427 Motor carriers: Alternate route deviation no tices (2 documents) ______ 9427, 9428 Applications and certain other proceedings _______ 9429 Board transfer proceedings ____ 9431 Intrastate applications; filing-_ 9435 Temporary authority applica tions ------------------------------ 9431 LABOR DEPARTM ENT See Occupational Safety and Health Administration. N A T IO N A L H IG H W A Y TRAFFIC SA FETY A D M IN ISTR A TIO N Rules and Regulations Federal motor vehicle safety standards; bus window reten tion and release ________________ 9394 N A T IO N A L O C E A N IC A N D A TM O SPH ERIC A D M IN ISTR A TIO N Rules and Regulations Fisheries loan fund procedures; change of interest rate ________ 9400 Groundfish fisheries; yellowtail flounder quota _________________ 9399 Notices Groundfish fisheries; closure of season_________________________ 9408 O C C U P A T IO N A L SA FETY A N D HEALTH A D M IN ISTR A TIO N Proposed Rule Making Power transmission and distribu tion lines; use of helicopters; aerial lifts; sanitation facilities for mobile c re w s .^ ___________ 9439 POSTAL SERVICE Rules and Regulations Public information on Postal Serv ice and records; disclosure of post office boxholder informa tion ---------------------------------- 9392 SECURITIES A N D E X C H A N G E C O M M ISSIO N Rules and Regulations Annual fees for nonmember broker-dealers for fiscal year 1972; correction-:______________ 9391 Inclusion of clearing fund deposits as assets in computation of net capital ________________________ 9390 Notices Hearings, etc.: Applied Devices Corp __________ 9415 Canadian Javelin Ltd _________ 9415 Cogar Corp _________ 9415 Continental Vending Machine C o r p ----- ------------------------ 9415 Dividend Shares, Inc __________ 9415 Ecological Science Corp _______ 9416 Hartford Electric Light Co _____ 9416 Meridian Fast Food Services, Inc -------------------------------- 9417 Universal Airlines Co_____________9417 TARIFF CO M M ISSIO N Notices Elemental sulfur from Mexico; de termination of injury _________ 9417 TRAN SPO RTATION DEPARTM ENT See Coast Guard; Federal Avia tion Administration; Federal Railroad Administration; Haz ardous Materials Regulations Board; National Highway T raf fic Safety Administration. TREASURY DEPARTM ENT See Internal Revenue Service. CONTENTS 9381 List of CFR Parts Affected The following numerical guide is a list of the parts of each title of the Code of Federal Regulations affected by documents published in today's issue. A cumulative list of parts affected, covering the current month to date, appears following the Notices section of each issue beginning with the second issue of the month. A cumulative guide is published separately at the end of each month. The guide lists the parts and sections affected by documents published since January 1, 1972, and specifies how they are affected. 5 CFR 213 (5 documents) ______ _ — -------- 9383 7 CFR 1488___________ 9383 P roposed R u l e s : 915 (2 documents) ------------- 9401 944_______________________________ 9403 9 CFR , 97____ 9384 14 CFR 39 (3 documents) ---------------------- 9384,9385 75_________________________ 9386 374a___________________ 9386 P roposed R u l e s : 77_____________________________ 9405 17 CFR 240 (2 documents) ________________ 9390,9391 249_________________ —____________ 9391 21 CFR 135___ 9391 135b___________________________ —- 9391 135c (2 documents) _______________ 9391 149b____________ 9392 24 CFR P roposed R u l e s : 235__________ - __________________ 9401 26 CFR P roposed R u l e s : 1_________________ ____________ „ 9405 29 CFR P roposed R u l e s : 1910_______________________—— 9440 1926___________________ 9440 32 CFR P roposed R u l e s : 1710____________________________ 9405 33 CFR P roposed R u l e s : 117___________________ 9404 39 CFR 261___ __________________ 46 CFR P roposed R u l e s : 35_______________ _ _______ 151______________________ 47 CFR 04 ______ 9392 9404 9404 _ .... 9404 9404 _____ 9392 49 CFR 571---- ------ ---------------- _______ 9394 1300____________ 1---------- _______ 9398 1303 __ _______ 9398 1304 - 9398 1306 9398 1307 ____________________ 9399 1308— — ------ -------------- _ 9399 1300 9399 P roposed R u l e s : 1115 - 9405 50 CFR 940 ________ _______ 9399 250 _____________________ _______ 9400 9383 Rules and Regulations Title 5— ADMINISTRATIVE PERSONNEL Chapter I-—Civil Service Commission PART 213— EXCEPTED SERVICE Executive Office of the President Section 213.3303 is amended to show that one position of Confidential Assist ant to the Director, Special Action Office for Drug Abuse Prevention, is excepted under Schedule C. Effective on publication in the F ederal R egister (5-10-72), subparagraph (3) is added to paragraph (j ) of § 213.3303 as set out below. § 213.3303 Executive Office o f the President. * * * * * (j ) Special Action Office fo r Drug Abuse Prevention. * * * (3) One Confidential Assistant to the Director. (5 TJJS.C. secs. 3301, 3302, E.O. 10577; 3 CFR 1954-56 Comp. p. 218) U n it e d S ta te s C i v i l S erv ic e C o m m is s io n , [ se a l] J am es C. S p r y , Executive Assistant to the Commissioners. [FR Doc.72-7057 Filed 8-9-72;8:45 am] PART 213— EXCEPTED SERVICE Department of the Army Section 213.3307 is amended to show that the following position is no longer excepted under Schedule C: One Staff Assistant to the Deputy Assistant Secre tary for Manpower and Reserve Affairs (Personnel Management and Training). Effective on publication in the F ederal R egister (5-10-72), subparagraph ( 6 ) of paragraph (a ) of § 213.3307 is revoked. (5 U.S.C. secs. 3301, 3302, E.O. 10577; 3 CFR 1954-58 Comp. p. 218) U n it e d S ta tes C i v i l S erv ic e C o m m is s io n , [ seal] Jam es C. S p r y , Executive Assistant to the Commissioners. [FR Doc.72-7055 Filed 5-9-72; 8:45 am] PART 213— EXCEPTED SERVICE Department of Commerce Section 213.3314 is amended to show that the position of Confidential Assist ant to the Executive Director, National Business Council for Consumer Affairs, is excepted under Schedule C. Effective on publication in the Federal R egister (5-10-72), subparagraph (14) is added to paragraph (m ) of § 213.3314 as set out below. § 213.3314 Department o f Commerce. * * * * * (m ) Office of the Assistant Secretary fo r Domestic and International Busi ness. * * * (14) One Confidential Assistant to the Executive Director, National Business Council for Consumer Affairs. * * * * * (5 TJ.S.C. secs. 3301, 3302, E.O. 10577; 3 CFR 1954-58 Comp. p. 218) U n it e d S ta tes C i v i l S erv ic e C o m m is s io n , [s e a l] Ja m e s C. S p r y , Executive Assistant to the Commissioners. [FR Doc.72-7056 Filed 5-9-72;8:45 am] PART 213— EXCEPTED SERVICE Department of Health, Education, and Welfare Section 213.3316 is amended to show that the position of Deputy Assistant Secretary for Legislation (Education) is no longer excepted under Schedule C. Effective on publication in the F ederal R e g ister (5-10-72), subparagraph ( 6) of paragraph (f) of § 213.3316 is revoked. (5 U.S.C. secs. 3301, 3302, E.O. 10577; 3 CFR 1954-58 Comp. p. 218) U n it e d S ta tes C i v i l S e rv ic e C o m m is s io n , [ se a l! Jam e s C. S p r y , Executive Assistant to the Commissioners. [FR Doc.72-7059 Filed 5-9-72;8:45 am] PART 213— EXCEPTED SERVICE Federal Home Loan Bank Board Section 213.3354 is amended to show that one position of Secretary to the General Counsel is excepted under Schedule C. Effective on publication in the F ederal R e g ister (5-10-72), paragraph (h ) is added to § 213.3354 as set out below. § 213.3354 Federal Home Loan Bank Board. * * * * * (h ) One Secretary to the General Counsel. (5 U.S.C. secs. 3301, 3302, E.O. 10577; 3 CFR 1954-58 Comp. p. 218) U n it e d S tates C i v i l S erv ic e C o m m is s io n , [ s e a l] Jam es C. S p r y , Executive Assistant to the Commissioners. [F R Doc.72-7058 Filed 5-9-72;8:45 am] Title 7— AGRICULTURE Chapter XIV— Commodity Credit Cor poration, Department of Agriculture SUBCHAPTER C— EXPORT PROGRAMS PART 1488— FINANCING OF SALES OF AGRICULTURAL COMMODITIES Subpart A— Financing of Export Sales of Agricultural Commodities From Private Stocks Under CCC Export Credit Sales Program (GSM-4, Revi sion II) R e d e f in it io n o f P o rt V a lu e On page 6745 of the F ederal R eg ister of April 4, 1972, there was published a notice of proposed rule making to amend paragraph A.1 of Supplements I and I I to GSM-4, Revision n , Regulations Covering Export Financing o f Sales of Agricultural Commodities Under the CCC Export Credit Sales Program. The effect of these amendments is to redefine “ Port Value” by increasing the financing limits for beef and dairy breed ing animals under the CCC Export Credit Sales Program. Interested persons were given 30 days in which to submit written comments, suggestions, or objections related to the proposed amendments. No comments have been received and, therefore, the proposed amendments are adopted with out change and are set forth below. Effective date: Shall be effective upon publication in the F ederal R eg ister (5-10-72). F r a n k G . M cK n ig h t , Acting Vice President, Com modity Credit Corporation and General Sales Manager, Export Marketing Service. M a y 3,1972. 1. The amendment of paragraph A .l. of Supplement I redefines “ port value” by increasing the financing limits for beef breeding animals under the CCC Export Credit Sales Program. As amended, paragraph A .l, of Supplement I to GSM-4, Revision II, reads as follows: 1. “ Port value” means the net amount o f the exporter’s sales price for beef breeding cattle to be exported under the financing agreement, basis f.a.s. or f.o.b. export carrier at U.S. ports, at U.S. border points o f exit, or at U.S. airports i f shipped by air. The point o f exportation for animals shall be desig nated by the Agricultural Research Service, U.S. Department o f Agriculture. The port value shall not include the ocean freight for a c&f sale or ocean freight and marine and war risk insurance for a c&f sale, and shall also not include any animal care or servicing cost incurred after such animals are loaded aboard the export carrier. The net amount o f the exporter’s sales price means the con tract price for the animals less any payments FEDERAL REGISTER, V O L 37, NO. 91— WEDNESDAY, MAY 10, 1972 9384 made by the importer and less any discounts, credits, or allowances to the importer. Such net amounts shall not exceed (a ) for reg istered bulls, $1,350 each or, with prior ap proval o f the Assistant Sales Manager for Commercial Credit and Barter, $2,750 if per formance has been superior to the perform ance records specified in Exhibit I I to this supplement; (b ) for registered females, $750 each or, with prior approval o f the Assistant Sales Manager for Commercial Credit and Barter, $1,100 if performance has been supe rior to the performance records specified in Exhibit I to this supplement; (c) for non- registered females, an average for the sale, o f $500 each or, with prior approval o f the Assistant Sales Manager fo r Commercial Credit and Barter, $700 i f performance has been superior to the performance records specified in said Exhibit I. The difference, if any, between the maximum net amount specified in (a ), (b ), or (c ) o f this para graph A .l. and the contract price for the individual animal, if registered, or the aver age contract price for the individual ani mal, i f nonregistered, shall not be included as part o f the port value. 2. The amendment of paragraph A.l. o f Supplementing U redefines “ port value” by increasing the financing limits for dairy breeding animals under the CCC Export Credit Sales Program. As amended, paragraph A.l. of Supplement H to GSM-4, Revision II, reads as follows: 1. “ Port value” means the net amount o f the exporter’s sales price for dairy breeding cattle to be exported under the financing agreement, basis f.a.s or f.o.b. export carrier at U.S. ports, at U.S. border points o f exit, or at U.S. airports if shipped by air. The point o f exportation for animals shall be designated by the Agricultural Research Service, U.S. Department o f Agriculture. The port value shall not include the ocean freight for a c&f sale or ocean freight and marine and war risk insurance for a c&f sale, and shall also not include any animal care or servicing cost incurred after such animals are loaded aboard the export carrier. The net amount o f the exporter’s sales price means the contract price fo r the animals less any payments made by the importer and less any discounts, credits, or allowances to the importer. Such net amount shall not exceed (a) $2,000 each for registered bulls which have an acceptable performance index as set out in paragraph D.I., Exhibit I I to this supplement, or, with prior approval of the Assistant Sales Manager for Commercial Credit and Barter, $3,500 if such animal has a superior performance index as set out in paragraph D.2t o f Exhibit I I ; (b ) $900 each for registered females which have an accept able performance index as set out in para graph D.I., Exhibit I to this supplement, or with prior approval o f the Assistant Sales Manager for Commercial Credit and Barter, $1,500 if such anim al'has a superior per formance index as set out in paragraph D.2. o f Exhibit I; (c) with prior approval o f the Assistant Sales Manager for Commercial Credit and Barter, $1,750 each for registered mature cows which have a superior per formance index as set out in paragraph D.3. o f Exhibit I; (d ) with prior approval o f the Assistant Sales Manager for Commercial Credit and Barter, $925 each for nonregis tered mature cows which have a superior performance index as set out in paragraph D.3. o f Exhibit I; or (e) $750 average for the sale o f nonregistered females, other than mature cows with a superior performance index, if each such animal has an acceptable performance index as set out in paragraph D.l. o f Exhibit I. The difference, if any, be tween the maximum net amount specified RULES AND REGULATIONS in (a ), (b ), (c ), (d ), or (e ) o f this para graph A .l. and the contract price for indi vidual registered animals or nonregistered mature cows with a superior performance index, or the average contract price for non registered females, other than mature cows with a superior performance index, shall not be included as a part o f the port value. [FR Doc.72-7079 Filed 5-9-72; 8:48 am] Title 9— ANIMALS AND ANIMAL PRODUCTS Chapter I— Animal and Plant Health Inspection Service, Department of Agriculture SUBCHAPTER D— EXPORTATION AND IMPORTA TION OF ANIMALS (INCLUDING POULTRY) AND ANIMAL PRODUCTS p a r t 97— OVERTIME SERVICES RE LATE G TO IMPORTS AND EXPORTS Administrative Instructions Prescribing Commuted Travel Time Allowances Pursuant to the authority conferred upon the Deputy Administrator, Veteri nary Services, Animal and Plant Health Inspection Service by § 97.1 of the regu lations concerning overtime services re lating to imports and exports (9 CFR 97.1), administrative instructions 9 CFR 97.2 (1972 ed.), as amended February 1, 1972 (37 F.R. 2430), February 16, 1972 (37 F.R. 3410), and March 1, 1972 (37 F.R. 4246), prescribing the commuted travel time that shall be included in each period of overtime or holiday duty, are hereby amended by adding to or deleting from the respective “ lists” therein as follows: Outside Metropolitan Area one HOUR Add: Port Huron, Mich. Delete: Nogales, Ariz. (when served from Lochiel, A r iz .). TW O HOURS Add : Nogales, Ariz. (when served from Lochiel, A riz.). Add: Bridgeman, Ludington, Muskegon, and Saginaw, Mich. THREE HOURS Add: Frankfort, Mich. (64 Stafi, 561; 7 U.S.C. 2260) Effective date. The foregoing amend ments shall become effective upon publi cation in the F ederal R eg ister (5-10-72). These commuted travel time periods have been established as nearly as may be practicable to cover the time neces sarily spent in reporting to and returning from the place at which the employee performs such overtime or holiday duty when such travel is performed solely on account of such overtime or holiday duty. Such establishment depends upon facts within the knowledge of the Animal and Plant Health Inspection Service. It is to the benefit of the public that these instructions be made effective at the earliest practicable date. Accord ingly, pursuant to 5 U.S.C. 553, it is found upon good cause that notice and public procedure on these instructions are im practicable, unnecessary, and contrary to the public interest, and good cause is found for making them effective less than 30 days after publication in the F ederal R eg ister . Done at Washington, D.C., this 4th day of May 1972. E. E. S a u l m o n , Acting Deputy Administrator, Veterinary Services, Animal and Plant Health Inspection Service. [F R Doc.72-7078 Filed 5-9-72;8:48 am] Title 14— AERONAUTICS AND SPACE Chapter I— Federal Aviation Adminis tration, Department of Transporta tion [Airworthiness Docket No. 72-WE-4-AD, Arndt. 39-1444] PART 39—-AIRWORTHINESS DIRECTIVES Boeing 707 and 720 Series Airplanes A proposal to amend Part 39 of the Federal Aviation Regulations to include an airworthiness directive requiring re placement of existing escape floor fitting spring pins on the Boeing Model 707 and 720 series airplanes was published in 37 F.R.4919. Interested persons have been afforded an opportunitsrfco participate in the mak ing of the amendment. One comment noted that some air carriers had com pleted inspections or replacements of the floor fittings and, therefore, the 500 hours’ compliance time was unduly re strictive. The comment suggested that the compliance time be extended to 1,500 hours. The leadtime provided by both the date of effectivity after the publication date in the F ederal R eg ister and the specified compliance time is considered adequate. Therefore, in the absence of a substantial basis for further delay, the agency has determined to retain the compliance time as originally proposed. In consideration of the foregoing, and pursuant to the, authority delegated to me by the Administrator (31 F.R. 13697), § 39.13 of the Federal Aviation Regula tion is amended by adding the following new airworthiness directive: Boeing. Applies to 707 and 720 Series air planes utilizing single attachment point escape slides listed in Boeing Service Bul letin 3078, dated January 10, 1972, or later FAA-approved revision. To preclude loss of escape slide retention at the forward and aft passenger doors accomplish the following: W ithin the next 500 hours’ in service after the effective date of the A.D., unless previous ly accomplished, replace the two spring pins in the floor, attach fitting with new spring pins in accordance with Boeing Service Bul letin No. .3078, dated January 10, 1972, or later FAA-approved revision, or equivalent modification approved by the Chief, Aircraft Engineering Division, FAA Western Region. FEDERAL REGISTER, VOL. 37, NO. 91 — WEDNESDAY, MAY 10, 1972 RULES AND REGULATIONS 9385 This amendment becomes effective June 7, 1972. (Secs. 313(a), 601, 603, Federal Aviation Act of 1958, 49 U.S.C. 1354(a), 1421, 1423; sec. 6 (c ), Department of Transportation Act, 49 U.S.C. 1655(c)) Issued in Los Angeles, Calif., on April 26, 1972. , R obert O. B lan ch ard , Acting Director, FAA Western Region. [F R Doc.72—7062 Filed 5-9-72:8:46 am] [Airworthiness Docket No. 71—WE—26-AD, Arndt. 39-1443] PART 39— AIRWORTHINESS DIRECTIVES DeHavilland Model D.H. 104 Dove Series 7A, 7AXC, 8A, 8AXC Air planes Modified Per STC SA1747WE (“Carstedt Jet Liner C—600”) A proposal to amend Part 39 of the Federal Aviation Regulations to include an airworthiness directive requiring either reduced life limits or additional modification of DeHavilland Model D.H. 104 Dove Series 7A, 7AXC, 8A, 8AXC air planes modified per STC SA1747WE (“ Carstedt Jet Liner C-600” ) was pub lished in 37 F.R. 811. Interested persons have been afforded an opportunity to participate in the mak ing of the amendment. Hawker Siddeley Aviation, Ltd., has requested removal of references to “ Hawker Siddeley,” “ De Havilland” and “ Dove” in this and future AD’s concerning these modified aircraft. While the applicability of the proposed rule to aircraft incorporating a particu lar modification (STC SA1747WE) was set forth in the notice of proposed rule making, the adopted rule includes the commonly used popular name designa tion, i.e., the Carstedt Jet Liner C-600. The references contained in the notice are retained in the adopted rule as the appropriate description for the certifica tion of the aircraft, as modified by a supplemental type certificate. Hawker Siddeley Aviation, Ltd., has objected to the statement in the notice that “Hawker Siddeley and the agency have reexamined data pertaining to the use and the safe-life of the fitting and the lower spar boom.” It requests that FAA note that Hawker Siddeley did not reexamine these data as stated in the preamble of the NPRM and that any work done by Hawker Siddeley on the fatigue life of ^standard Dove parts had no bearing on the part designed by another company. This AD applies to aircraft modified in accordance with supplemental type certificates issued by the agency; the AD does not apply to unmodified D.H. 104 Dove aircraft. Data used to support the issuance of STC SA1747WE included data for safe-lives of parts in the unmodified D.H. 104 Dove aircraft. The agency reexamined the data submitted for STC SA1747WE in light of data for safe-lives for parts in the unmodified D.H. 104 Dove aircraft. Hawker Siddeley Aviation, Ltd., has commented that it cannot take any re sponsibility for adequacy of the static strength of the wing center section lower spar boom in the modified aircraft or for the safe-life of 1,800 hours quoted in the Directive. The agency is not, by adoption of this AD, imputing responsibility to Hawker Siddeley for modified aircraft by mere reference to applicable parts on un modified aircraft. An airplane modifica tion may be sufficiently extensive to re quire réévaluation of unmodified parts for new basic static loads and different fatigue spectrums as applicable to the modified configuration. As all instructions required to ac complish the lower spar boom replace ment are contained within a reference to DeHavilland Aircraft Company drawing No. 4-Z-13775, the reference to Hawker Siddeley Technical New Sheet Series C T (104) No. 119 has been deleted. No other written comments were received. In consideration of the foregoing, and pursuant to the authority delegated to me by the Administrator (31 F.R. 13697), § 39.13 of Part 39 of the Federal Aviation Regulations is amended by adding the following new airworthiness directive: Haw ker Siddeley. Applies to DeHavilland Model D.H. 104 Series 7A, 7AXC, 8A, 8AXC airplanes modified per STC SA1747WE certificated in all categories. (Also known as “ Carstedt Jet Liner C-600” .) Compliance required prior to further flight after the effective date o f this AD as indi cated, unless already accomplished. To prevent fatigue failure of a wing main spar lower attach fittin g or o f a wing center section lower spar boom, accomplish the following: (a ) Replace each wing lower spar attach fittin g P/N CPD 2004 installed under STC SA1747WE at or before 1,800 hours’ tim e in service, and at intervals thereafter not to exceed 1,800 hours’ tim e in service, w ith a new attach fitting (Strato Engineering Co., Inc., Part No. CPD 2004). (b ) Replace the wing center section lower spar boom at or before 1,800 hours’ tim e in service, and at intervals thereafter not to exceed 1,800 hours’ tim e in service, in accord ance with DeHavilland Aircraft Go. drawing number 4-Z-13775, or another replacement modification approved by the Chief, Aircraft Engineering Division, FAA Western Region. (c ) I f aircraft are further modified in ac cordance with STC SA2438WE, or an alter nate acceptable modification approved by the Chief, Aircraft Engineering Division, Western Region, replacement of the parts as specified in (a ) and (b ) above, may be discontinued. This amendment becomes effective June 7, 1972. (Secs. 313(a), 601, 603, Federal Aviation Act of 1958, 49 U.S.C., 1354(a), 1421, 1423; sec. 6 (c ), Department of Transportation Act 49 U.S.C. 1655(c)) Issued in Los Angeles, Calif., on April 26, 1972. R o bert O. B lan c h ar d , Acting Director, FAA Western Region. [F R Doc.72-7063 Filed 5-9-72;8:46 am] FEDERAL REGISTER, V O L 37, NO. 91— WEDNESDAY, MAY PART 39— AIRWORTHINESS DIRECTIVES Cessna T310, 320, 401, 402, 411,414, and 421 Series Airplanes Since issuance of AD 70-11-2, Cessna has developed a design change in the exhaust system on production aircraft which is available for inservice air planes per Cessna Service Letter ME72-4, dated March 24,1972. This design change includes a new sealed slip joint type ex haust system that cannot be inspected utilizing the pressure test procedures specified in AD 70-11-2. In addition, there have been failures of the engine exhaust system components on Cessna Models 411, 414, and 421 series airplanes. These failures are in the form of cracks, breaks, bulging, and joint separation, which, if not corrected, will allow hot exhaust gases to discharge into the en gine compartment resulting in possible hazardous heat damage to adjacent powerplant components. Since production aircraft contain ex haust system components that cannot be pressure tested and exhaust system fa il ures are occurring on certain additional airplanes of the same type design, AD 70-11-2 is being superseded by a new AD which will add Cessna Models 411, 414, and 421 series airplanes and revise the in spection procedures for airplanes that have the latest sealed slip-joint type ex haust system. Since a situation exists which requires expeditious adoption of the amendment to extend compliance on some airplanes and revise inspection procedures, notice and public procedure hereon are imprac ticable and good cause exists for making this amendment effective in less than thirty (30) days. In consideration of the foregoing and pursuant to the authority delegated to me by the Administrator 14 CFR 11.89 (31 F.R. 13697), § 39.13 of Part 39 o f the Federal Aviation Regulations is amended by adding the following new AD. Cessna. (1) Paragraphs A, B, C, and D are applicable to Models T310P, T310Q, 320D, 320E, 320F, 401, 401A, 401B, 402, 402A, 402B, 411, 411A, 414, 421, 421A, and 421B airplanes. (2) Paragraph E is applicable to those airplanes equipped with new sealed slip- join t type exhaust systems, namely, Models T310Q (Serial No. T310Q-0292 and up) , 401B (Serial No. 401B0122 and u p ), 402B (Serial No. 402B0123 and u p), 414 (Serial No. 414-0176 and u p ), and 421B (Serial No. 421B0148 and up) air planes or those airplanes modified in ac cordance with Cessna Service Letter No. ME72-4, dated March 24, 1972. Compliance: To detect incipient failure of the engine exhaust system installed in the above airplanes, within 25 hours’ tim e in service after the effective date o f this AD, unless already accomplished within the last 25 hours’ tim e in service, and thereafter at intervals not to exceed 50 hours’ tim e in serv ice from the last inspection, except that air planes with less than 25 hours’ total tim e in service need not be inspected or tested be fore 50 hours’ tim e in service (or 50 hours’ tim e in service after the last complete AD 70-11-2 inspection), accomplish the fo l lowing : 10, 1972 No. 91—P t. I-----2 9386 RULES AND REGULATIONS (A ) Remove the engine cowling and heat shields that shroud the exhaust manifold and joints. (B ) Visually inspect the complete ex haust manifold, joints and “V ” hand clamps for cracks or breaks. (C ) Test the complete exhaust manifold and joints for leakage in accordance with the following procedures as outlined in Cessna Service Letter ME70-20, Supplement No. 1, dated April 9, 1971, or any other equivalent method approved by the Chief, Engineering and Manufacturing Branch, FAA,' Central Region: 1. Plug either the waste gate overboard tube or the turbine overboard tube with a rubber plug. 2. Attach the pressure side of an industrial vacuum cleaner to the open overboard tube using a rubber plug to effect a seal as required. 3. W ith vacuum cleaner operating, check complete exhaust manifold and joints manu ally by feel or by using a soap solution and watching for bubbles. The exhaust system must be free o f air leaks, with the exception o f waste-gate bearings, the ball joints at the bellows assembly, the turbocharger and bearing housing joint, and “ V ” band join t clamps, which will show some bubbling. (D ) I f cracks, breaks or any leakage along the manifold pipes and any excess leakage at the joints are found during the inspections and tests required by either paragraphs B or C o f this AD, before further flight, replace any defective part with an airworthy part. (E ) On airplanes equipped with new sealed slip-joint type exhaust system: 1. Remove the engine cowling and heat shields that shroud the “ V ” band clamps. 2. Visually inspect all “ V ” band clamps for cracks or breaks. 3. Prior to further flight replace any de fective “ V” band clamp with an airworthy part. This AD supersedes AD 70-11-2. N ote: Caution should be exercised to pre vent overtorquing o f the “ V ” band clamp at applicable locations. Condition of the clamp during each inspection required by this AD should be determined and torquing o f the clamp bolt should be accomplished in ac cordance w ith Cessna Service Letter ME70- 20, Supplement No. 1, dated April 9, 1971. This amendment becomes effective May 12,1972. (Secs. 313(a), 601, 603, Federal Aviation Act o f 1958, 49 U.S.C. 1354(a), 1421, 1423; sec. 6 (c ), Department o f Transportation Act, 49 U.S.C. 1655(c)) Issued in Kansas City, Mo., on April 28, 1972. B r o w n in g A d ams, Acting Director, Central Region, [F R Doc.72-7064 Filed 5-9-72;8:46 am] [Airspace Docket No. 72-EA-33] PART 75— ESTABLISHMENT OF JET ROUTES AND AREA HIGH ROUTES Alteration f of Jet Route Segment The purpose o f this amendment to Part 75 of the Federal Aviation Regulations is to realign the segment of Jet Route No. 152 between Rosewood, Ohio, and Har risburg, Pa. Jet Route 152 between the Rosewood VORTAC and Harrisburg VORTAC is presently aligned via a minor dogleg over the West View, Pa., intersection. The dis tance between Rosewood and Harrisburg via this alignment exceeds the normal spacing criteria specified for navigational aids within the Jet Route system. Be cause o f the excessive distance between Rosewood and Harrisburg, the minimum en route altitude (M EA) for the middle portion of this route has been established at flight level 300. The establishment of the MEA at this excessive altitude pro hibits the ultimate use of altitudes along this jet route segment. Additionally, through radar monitoring aircraft utiliz ing J-152 between Rosewood and Harris burg have been observed north of the route centerline in the vicinity of the West View intersection. This reflects in stability of the navigational guidance on this route segment due to the excessive spacing between the Rosewood and Har risburg facilities. To properly provide for better naviga tional guidance and utilization of flight altitudes on this segment of J-152, action is taken herein to realign J—152 segment from Rosewood direct to Johnstown, Pa., VORTAC, direct to Harrisburg. This alignment by including the Johnstown VORTAC in the route description would permit the MEA to be established at 18,- 000 feet MSL and would reduce the en route flight distance by approximately 3 nautical miles. Since a situation exists where safety requires immediate adoption of this amendment, it is found that notice and public procedure thereon are imprac ticable. However, since it is necessary that sufficient time be allowed to permit appropriate changes to be made on aero nautical charts, this amendment will be come effective more than 30 days after publication. In consideration of the foregoing, Part 75 of tiie Federal Aviation Regulations is amended, effective 0901 G.m.t., June 22, 1972, as hereinafter set forth. In § 75.100 (37 F.R. 2382) Jet Route No. 152 text is amended by deleting all between “ Rosewood;” and “ to IN T Har risburg 096°” and substituting “ Johns town, Pa.; Harrisburg, P a.:” therefor. (Sec. 307(a), Federal A via tio n 'A ct o f 1958, 49 U.S.C. 1348(a); sec. 6 (c ), Department of Transportation Act, 49 U.S.C. 1655(c)) Issued in Washington, D.C., on May 5 1972. ' R obert G . Ca r n a h a n , Acting Chief, Airspace and A ir Traffic Rules Division. [FR Doc.72-7132 Filed 5-9-72;8:50 am] Chapter II— Civil Aeronautics Board SUBCHAPTER D— SPECIAL REGULATIONS [Reg. SPR-53] PART 374a— REGULATIONS PUR SUANT TO SECTION 401 OF THE FEDERAL ELECTION CAMPAIGN ACT OF 1971 WITH RESPECT TO EX TENSION OF CREDIT BY AIR CAR RIERS TO POLITICAL CANDIDATES Adopted by the Civil Aeronautics Board at its office in Washington, D.C., on the 3d day of May 1972. In a notice of proposed rule making, dated March 8, 1972 (SPDRr-29, 37 F.R. 5257), the Board proposed a new Part 374a, pursuant to section 401 of the Fed eral Election Campaign Act o f 1971, with respect to the extension of credit to polit ical candidates by persons regulated by the Civil Aeronautics Board. The notice proposed the following al ternative rules, with a view to adopting such of them as the Board would deter mine to be appropriate in light o f the comments received: (1) Prohibit the fur nishing of air transportation unless the political candidates, or persons acting on their behalf, make full payment in ad vance or provide full security in ad vance; ( 2 ) prohibit the furnishing of air transportation to such political candi dates unless they maintain an account for air transportation on a current bill ing basis, i.e., billings to be made semi monthly with full payment remitted within 14 days after billing; (3) permit carriers to refuse to extend unsecured credit, so that carriers may refuse to provide transportation for political cam paign purposes unless there is full pay ment in advance or full security in ad vance; (4) permit carriers to extend credit on such reasonable terms and con ditions as the carrier in its judgment deems appropriate, so long as the same terms and conditions apply uniformly to all candidates for political office; and (5) require carriers to file special reports with respect to credit extended to politi cal candidates.1 The Board further stated that although it may decide ultimately to adopt only the above reporting re quirement, it tentatively concluded that, should one or more of the other described proposals be adopted, the Board would add thereto such reporting require ment.2 Pursuant to the subject notice, com ments were received from Senator Hugh Scott, U.S. Senator from Pennsylvania; Airline Finance and Accounting Confer ence of the Air Transport Association of America ( A T A ); Northeast Airlines, Inc. (Northeast); and the Democratic Na tional Committee (D N C ). Although the notice provided for reply comments, none was filed. Upon full consideration of the relevant matter contained in the comments, we have decided, for the reasons hereinafter stated, to adopt a combination of the aforedescribed alternatives (2 ) and ( 5 ) of the proposed rule, with modifications. Except as modified herein, the tentative findings set forth in the explanatory statement to the proposed rule are in corporated by reference and made final. Section 401 of the Federal Election Campaign Act of 1971 (Public Law 92- 225) directs that the Board, the FCC and 1I t was indicated in the notice that each o f these proposals was to be considered separately, and in the final rule any one or more o f them m ight be adopted. 8In the notice (footnote 4, p. 4 m imeo.), the Board tentatively concluded that there is no need to extend the regulation to car riers serving by exemption, and requested comments on this issue. No such comments having been received, the Board’s tentative conclusion will now be made final. FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, MAY 10, 1972 the ICC shall each promulgate, on or before May 7, 1972 (90 days after enact ment) , “ its own regulations with respect to the extension of credit, without se curity, by any person regulated by (the respective agency) to any candidate for Federal office (as such term is defined in section 301 of the A c t )), or to any per son on behalf of such a candidate, for goods furnished or services rendered in connection with the campaign of such candidate for nomination for election, or election, to such office.” The legisla tive history of this provision indicates that its purpose was to prevent recur rence of past incidents in which large amounts of unsecured credit were ex tended to political candidates by regu lated industries— particularly air car riers— and substantial portions of the indebtedness so incurred remain uncol lected. Thus, Congress had before it the fact that as of April 30, 1971, there was still owed to the Big Four domestic trunkline carriers over $1.5 million of debts stemming from the 1968 Presi dential campaign.3 The comments in response to the no tice of rule making encompass a broad spectrum of views. At one extreme, Sena tor Scott and the A T A carriers support a prohibition on the extension of any unsecured credit, as embodied in the first alternative proposal in the notice. At the other extreme, the DNC would have the Board rely solely upon a report ing requirement, leaving to each carrier the discretion to determine the extent to which credit should be extended consist ent with its normal credit practices. In the Board’s judgment, neither extreme represents a desirable solution to the problem. On the one hand, a flat prohibi tion on the extension of unsecured credit would deprive political candidates of the ordinary credit facilities which the air carriers generally make available to all segments of the public, and would create undue obstacles to the conduct o f politi cal campaigns. W e are not persuaded that this harsh remedy is necessary to accomplish the remedial purposes of sec tion 401/ On the other hand, the Board cannot accede to the DNC contention that a re porting requirement, without more, would adequately deal with the problem which section 401 was enacted to remedy. While we believe it both necessary and desirable that the Board require public disclosure of debts of air carriers which are incurred by or on behalf of political candidates, we also feel that substantive regulatory ac tion is needed to insulate the carriers from pressures which, in the past, have resulted in the pyramiding of debts by or on behalf of political candidates. 8Congressional Record (daily edition, July 23, 1971), S-11931-2. * We may note in passing that this pro posal would go even beyond that contained in a proposed statutory provision which would have prohibited the extension o f un secured credit to political candidates unless the candidates are billed on a monthly basis and such bills were fu lly paid within 10 days, a proposal which was withdrawn by the proponent on the ground that it was not likely to carry. See Congressional Rec ord (daily ed. Dec. 14, 1971) S-12999. RULES AND REGULATIONS The Board believes that the second of the five alternatives proposed in the notice represents a reasonable accom modation of the conflicting interests. This alternative would prohibit the fur nishing of air transportation to political candidates unless they maintain their credit account for transportation on a current billing basis. I f the account re mains unpaid after the reasonable time prescribed in the rule, the carriers are prohibited from extending any further unsecured credit to or on behalf of the candidates. Protection is thus provided to the carrier by requiring the candidate to maintain a current account, and by preventing political candidates from ac cumulating large unpaid bills, we avoid those practices which have lead to past abuses. Accordingly, we propose to adopt a current billing practice alternative with modifications described below.® Although the proposed rule was ap plicable only to “ air transportation,” as defined in the Federal Aviation Act, the attached rule would apply to all air car riage, whether common or private, in trastate transportation services, and leases of aircraft, with or without crew. The Federal Election Campaign Act does not restrict the air carrier provisions to “ air transportation,” i.e., to interstate, overseas, or foreign common carriage by air. Since noncommon carriage, intra state services, and aircraft under dry lease may be furnished to candidates and give rise to substantial indebtedness, it is the Board’s view that these additional categories should be included consistent with the remedial purposes of the Elec tion Campaign Act. Also, the description in the proposed rule of the “ current billing” alternative (alternative No. (2>), which we are adopting, did not make sufficiently clear the consequences which were intended to follow a default in payment of a carrier’s submitted bill for unsecured credit. The proposal obviously contemplated that a multiplicity of accounts would be main tained by a carrier with respect to a par ticular candidate, since the candidate as well as numerous persons acting on his behalf (such as various committees or ganized to support him) could have sepa rate accounts with the same carrier. Yet, if a default in any single account would result in nothing more than cutting off further extensions of unsecured credit to that particular account, the salutary purpose of the rule could be avoided by the simple expedient of proliferating the number of separate accounts on behalf of 6The third o f our proposed alternatives would permit— but not require— carriers to refuse to extend unsecured credit to political candidates; and the fourth alternative would simply permit the carriers to extend credit on such reasonable terms and conditions as the carrier in its judgment deems appro priate, so long as the same terms and con ditions apply uniform ly to all candidates for political office. We shall not adopt them, since neither o f these alternatives was fa vored by the comments, and neither o f them would effectively curb the abuses which gave rise to this proceeding. I t should be noted that our rule does not require a carrier to extend unsecured credit to any person who is not a satisfactory credit risk. 9387 a single candidate. On the other hand, if default in the account of one person act ing on behalf of a candidate were to result in cutting off further extensions of unsecured credit to all accounts main tained with the affected carrier by that candidate, as well as by all other persons acting on his behalf (even though all such other accounts are not in default), then it seems only reasonable that the candidate should at least have the oppor tunity (a) to screen persons who seek to act on the candidate’s behalf, and (b) to be given specific notice of the default of any person acting on his behalf, so that the default may be cured. We are therefore providing for such opportunity in the final rule. However, in order not to disrupt arrangements already made with air carriers by persons who, al though acting on behalf of a candidate, have not received his written authoriza tion to do so— as the final rule requires— we are providing that this aspect of the rule should apply only to transportation to be performed after June 1, 1972. For transportation performed before that date, a default in any separate account will oblige the carrier to cut off further extention of unsecured credit only to that particular account. The regulation also contains clarify ing provisions with respect to debts which candidates and persons acting on their behalf may incur in connection with purposes other than the campaign of the candidate. Consistent with the statutory limitation in section 401, the prohibition against extension of unse cured credit relates only to credit for transportation in connection with the candidate’s campaign. However, we be lieve that it would not be in keeping with the goals o f the statute to permit the extension of credit for campaign purposes to a person who is in fact in default to a carrier for any indebted ness incurred after the effective date of the part, whatever the source of such indebtedness. Nor do we believe that it would be practicable to expect the car rier to analyze the total indebtedness of such person, so as to separate the portions attributable to Federal election campaign expenses from any other items. This is a problem which may be come particularly difficult in the case of political committees which incur debts for transportation in connection with their general political activities which are not limited to Federal election campaigns. The A T A carriers propose that the billing be made on a monthly rather than a semimonthly basis, consistent with the general billing practices. In the Board’s judgment, a monthly billing would be inadequate to prevent the building up o f large credit balances in the last months prior to the election when campaign activity is at its peak. Accordingly, we will require that billing be made at least twice a month in the months of September and October prior to the November general election. Finally, we are including in § 374a.4 a provision to prohibit the ex tension of credit by the air carrier to a candidate or person acting on his behalf if the air carrier knows that such candi- FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, M AY 10, 1972 9388 RULES AND REGULATIONS date or person is in default to another carrier. This provision is believed neces sary in order to prevent the evasion o f the spirit of the regulation by the de vice of shifting from one carrier to another after extensions o f credit have been denied because of nonpayment. W e now turn to the reporting require ment. As previously indicated, the fifth alternative proposal— and the one which the Board tentatively concluded should be prescribed in any event— was to re quire carriers to file special semimonthly reports with respect to credit extended to political candidates. All of the com ments favor a reporting requirement, and A T A suggests several modifications thereto which are dealt with below. A reporting requirement is consistent with the Federal Election Campaign Act which requires public disclosure of fi nancial support' of campaign expendi tures. In our judgment, public disclosure o f unpaid air transportation bills should encourage both prompt payment by po litical candidates as well as effective col lection action by the carriers. However, upon consideration o f suggestions con tained in the comments, we shall make the following modifications: ( 1) The re port will be required monthly instead of semimonthly; ( 2 ) an item, age of the unpaid balance, will be added; and ( 3 ) the report will be due on the 20th day rather than the 10th day following the end o f the reporting period. Consistent with our determination to prohibit extensions o f credit for cam paign purposes where the account is in default with respect to transportation furnished for any purpose, the report shall cover debts for all transportation furnished to or on behalf o f the candi date without regard to the relationship o f the transportation to the campaign. The notice proposed that a report be filed with respect to each candidate with an indebtedness balance of over $5,000 on the last day of the month. For pur poses o f the report, all debts incurred on behalf of the candidate are to be ag gregated. In addition, a separate report shall be required with respect to any balance of over $5,000 indebtedness in curred after the effective date of this part by any person to whom the carrier has extended credit as a person acting on behalf o f a candidate. The report with respect to a candi date shall be filed on CAB Form 183, attached hereto as Appendix A; but we are not prescribing a form fo r the reports to be filed with respect to persons acting on behalf of a candidate. A T A would have the Board require the reports on a continuing basis rather than for the period commencing 6 months prior to nomination for election, or 6 months prior to election, until the date of election, as in the proposed rule. We see no need for the reports to be filed on a continuing basis by all carriers during those periods of time when no political campaigns for Federal office are being conducted. However, we shall modify the proposed reporting period so as to require the filing of continuous monthly reports even subsequent to the date o f election so long as accrued debts remain unpaid, i.e., until a carrier can file its first negative report. Thereafter, the carrier will re main free of the reporting requirement hereunder until commencement of the next prescribed reporting period, namely, 6 months prior to date of nomination for election, or date of election, as the case may be.6 In view o f the provision of section 401 of the Federal Election Campaign Act requiring the Board to promulgate these regulations within 90 days after Feb ruary 7,1972, and the amount o f elapsed time which has been necessitated by the public procedures held herein, good cause is found for making the rule effective on less than 30 days’ notice. In consideration of the foregoing, the Civil Aeronautics Board hereby issues Part 374a o f the Special Regulations (14 CFR Part 374a), effective May 6,1972, as follows: . Sec. 374a.1 Purpose. 374a.2 Applicability. 374a.3 Definitions. 374a.4 Conditions governing extension of unsecured credit. 374.a5 Exemption authority. 374a.6 Reporting requirements. 374a.7 Record retention requirements. 374a.8 Prospective application o f part. Au t h o r it y : Th e provisions o f this Part 374a are issued under secs. 204(a), 401, 403, 404(b), 407, and 416 o f the Federal Aviation Act o f 1958, as amended, 72 Stat. 743, 754 [as amended by 76 Stat. 143,.82 Stat. 867], 758 [as amended by 74 Stat. 445], 760, 766 [as amended by 83 Stat. 103], 771; 49 U.S.C. 1324, 1371, 1373, 1374, 1377, 1386; and sec. 401 of the Federal Election Campaign Act o f 1971, Public Law 92-225; 86 Stat. 19, 2 U.S.C. 451. § 374a.1 Purpose. Section 401 of the Federal Election Campaign Act of 1971 (Public Law 92- 225, 86 Stat. 19, 2 U.S.C. 451, enacted February 7, 1972, and hereafter referred to as the “ Election Campaign Act” ) di rects the Civil Aeronautics Board to promulgate, within 90 days aftter enact ment, regulations with respect to the extension of unsecured credit by any per son regulated by the Board to any can didate for Federal office, or to any person on behalf of such a candidate, for goods furnished or services rendered in con nection with the campaign of such can didate fo r nomination for election, or election, to such office. The purpose df this part is to issue rules pursuant to said section 401 of the Election Cam- 6The final rule adds a new section en titled “ Record retention requirements,” which specifies a 2-year retention period for the pertinent documents. Also, we are modi fying the definition o f “political committee” in order to include the corporate form o f organization in defining a “ political commit tee,” a change suggested by ATA. Finally, we are adding a Sentence to the section entitled “ Prospective application o f part” (§ 374a.8, infra) as A T A requested. We are not modifying the definition o f “ adequate security” so as to specify a third person’s guaranty as an acceptable alterna tive form o f security as requested by ATA. A personal guaranty does not constitute the kind of “ adequate security” which a carrier should be allowed to accept (or be pressured into accepting) in lieu o f complying with this rule. paign Act in accordance with the Civil Aeronautics Board’s responsibility there under. § 374a.2 Applicability. * This regulation shall be applicable to all air carriers as defined herein.. § 374a.3 Definitions. “ Adequate security” means (a) a bond, issued by a surety meeting the standards prescribed for sureties in Part 378 of the Board’s Special Regulations (Part 378 of this chapter), in an amount not less than one hundred and fifty percent (150%) o f the credit limit established by the air carrier for the candidate, or the person acting on behalf of a candi date, as the case may be, by the terms of which bond the surety undertakes to pay to the air carrier any and all amounts (not exceeding the face amount of the bond) for which the assured can didate or the assured person acting on behalf of a candidate, as the case may be, is or may become legally liable to the air carrier for transportation, as defined in this part; or (b) collateral with a market value equal to one hundred and fifty percent (150%) of the established credit limit for such account, which col lateral must be deposited in escrow and must consist of Federal, State, or muni cipal bonds or other negotiable securities which are publicly traded on a securities exchange. “ A ir carrier” means any air carrier holding a .certificate of public conven ience and necessity issued under section 401 of the Federal Aviation Act of 1958, as amended. “ Candidate” means an individual who seeks nomination for election, or elec tion, to Federal office, whether or not such individual is elected. For purposes o f this part, an individual shall be deemed to seek nomination for election, or election, if he has (a) taken the action necessary under the law o f a State to qualify himself for nomination for elec tion, or election, to Federal office; or (b) received contributions or made expendi tures, or given his consent for any other person to receive contributions or make expenditures, with a view to bringing about his nomination for election, or election, to such office. “ Election” shall have reference to (a) a general, special, primary, or runoff election; (b) a convention or caucus of a political party held to nominate a candi date; (c) a primary election held for the selection of delegates to a national nomi nating convention of a political party; or (d) a primary election held for the ex pression of a preference for the nomina tion of persons for election to Federal office. “ Established credit lim it” means the dollar limit of credit established by the carrier extending credit. “ Federal office” means the office of President or Vice President of the United States, or of Senator or Representative in, or Delegate or Resident Commissioner to, the Congress of the United States. “ Person acting on behalf of a candi date” means (a ) a political committee acting on behalf of, or a person employed FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, MAY 10, 1972 by such candidate or by such political committee to act on behalf of, such candidate in connection with such candi date’s campaign for nomination for elec tion, or election, to Federal office; (b) a person acting under a contract with, or as an agent of, such candidate or politi cal committee to engage in activities in connection with such candidate’s cam paign for nomination for election, or election, to Federal office; or (c) a person for whom such candidate or political committee pays, directly or indirectly, for services purchased by such person. The term includes persons acting on be half of more than one candidate. “ Payment in advance” means payment by cash, check, money order, or by credit card (if the issuer of such card is not an air carrier or a subsidiary, parent, or affiliate thereof) prior to performance of such transportation by an air carrier. “Political committee” means any com mittee, association, corporation, or orga nization which accepts contributions, or makes expenditures, for the purpose of supporting a candidate or candidates for nomination for election, or election, to Federal office. “ Transportation” means (a ) the car riage of persons or property (including services connected therewith) for com pensation or hire to or from any place in the United States, or (b) the lease or rental of aircraft, with or without crew. § 374a.4 Conditions governing exten sion o f unsecured credit. (a) Unless adequate security is posted, or full payment in advance is made, no air carrier shall provide transportation to any person it knows, or has reasons to know, is a candidate or a person acting on behalf of such candidate, in connection with the campaign of such candidate, except in accordance with, and subject to, the following conditions : ( 1) A t least once a month the air car rier, shall submit to each such candidate or person, a statement covering all un secured credit extended to such candi date or person, as the case may be (whether in connection with the cam paign of such candidate or otherwise): Provided, That, during the months of September and October prior to each election, statements shall be submitted on no less than a semimonthly basis. (2) Such statements shall be mailed no later than the second business day following the last day of the billing period covered by the statement. (3) The amount of indebtedness shown on each such statement shall be payable in full no later than 14 days after the last day of the billing period, after which time the indebtedness shall be overdue. (4) (i) Unsecured credit shall not be extended by an air carrier to a candidate, or to any person acting on his behalf in connection with the campaign of such candidate, so long as any overdue in debtedness o f such candidate to such air carrier shall remain unpaid, in whole or in part, or so long as such air carrier shall know that any overdue indebtedness of such candidate to any other air carrier remains unpaid, in whole or in part. RULES AND REGULATIONS (ii) Unsecured credit shall not be ex tended by an air carrier to a person act ing on behalf of a candidate, for trans portation in connection with the campaign of such candidate, so long as any overdue indebtedness of such person to such carrier shall remain unpaid, in whole or in part, or so long as such air carrier shall know that any overdue in debtedness of such person to any other air carrier remains unpaid, in whole or in part. (5) (i) W ith respect to transportation in connection with the campaign of any candidate to be performed after June 1, 1972, unsecured credit shall not be ex tended by an air carrier to any person acting on behalf of such candidate un less the carrier is authorized in writing by such candidate to extend such credit. The foregoing sentence shall not be con strued as requiring the candidate to assume liability to the carrier for credit so extended. (ii) Within 7 days after indebtedness becomes overdue for any unsecured credit extended by an air carrier to a person acting on behalf of a candidate in accordance with subdivision (i) of this subparagraph, the carrier shall notify such candidate in writing of the amount o f such overdue indebtedness, and, unless paid in full within 14 days after the date of such notice, such over due indebtedness shall be deemed to be the overdue indebtedness of such candi date, for the purposes of subparagraph (4) (i) o f this paragraph. (b) It shall be presumed that a candi date or person acting on behalf of a can didate intends to use transportation in connection with the campaign of such candidate for nomination for election, or election, to Federal office. § 374a.5 Exemption authority. Air carriers are exempt from the fol lowing provisions of title IV of the Fed eral Aviation Act of 1958, as amended: (a ) Section 403, (b) section 404(b), and any and all other provisions of title IV of the Federal Aviation Act of 1958, as amended, to the extent necessary to en able air carriers to comply with the provisions of this part. § 374a.6 Reporting requirements. (a) Air carriers shall make monthly reports to the Board with respect to the extension of credit for transportation furnished to candidates, or persons act ing on behalf of candidates, during the period from 6 months before nomination, if any, or from 6 months before election, until the date of election. After such described period, monthly reports shall also be filed until the air carrier has filed a negative report; thereafter, no further monthly report need be filed until the commencement of the next such described period. (b) (1) A separate report shall be filed for each candidate with an aggregate indebtedness balance of over $5,000 on the last day of the month to which the report pertains. The report shall cover all debts incurred by the candidate, whether or not incurred in connection with his campaign, and all debts incurred 9389 by persons acting on his behalf in con nection with such campaign. The in debtedness accounts reported shall be those which the air carrier knows, or has reason to know, have been incurred by or on behalf of a candidate; and it shall be presumed that the transporta tion for which the indebtedness has been incurred is intended to be used in con nection with the campaign of such can didate for nomination for election, or election, to Federal office. (2) The reports required by this para graph (b) shall be filed with the Board’s Bureau of Accounts and Statistics not later than the 20th day following the end of the calendar month to which the report pertains. They shall include the following data: (i) Name of account; (ii) the credit limit established for such account; (iii) the balance, if any, of the amount payable for transportation not paid for in advance; (iv) any unpaid balance of the charges for such trans portation as of the last day of the month covered by the report, and the length of time that such balance has remained unpaid; and (v ) a description of the type and value of any bond, collateral, or other security securing such unpaid balance. (3 ) The report required by this para graph (b) shall be in the form attached hereto as Appendix A .7 (c) A separate report shall be filed for each person acting on behalf of any candidate, if the aggregate indebted ness balance of such person to the re porting air carrier (including all debts incurred by such person, whether or not incurred in connection with the cam paign of a candidate, as defined in this part) is over $5,000 on the last day of the month to which the report pertains. The report shall be filed with the Board’s Bureau of Accounts and Statistics not later than the 20th day following the end of the calendar month to which the report pertains and shall include ( 1) the credit limitation established for such person; ( 2 ) the balance, if any, of the amount payable for transportation not paid for in advance; (3) any unpaid balance of the charges for such trans portation as of the last day of the month covered by the report, and the length of time that such balance has remained unpaid; and (4) a description of the type and value of any bond, collateral, or other security securing such unpaid balance. § 374a.7 Record retention requirements. (a) Every air carrier subject to the part shall retain for 2 years after a Federal election true copies of the fol lowing documents at its principal or general office in the United States: (1) All documents which evidence or reflect the furnishing of transportation to a candidate for political office or a person acting on his behalf; (2) All statements, invoices, bills, and receipts with respect to the furnishing of such transportation referred to in subparagraph ( 1) of this paragraph. (b) Every air carrier shall make the documents listed in this section avail- 7Filed as part o f the original document. FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, MAY 10, 1972 9390 RULES AND REGULATIONS able in the United States upon request by an authorized representative of the Board and shall permit such represent ative to make such notes and copies thereof as he deems appropriate. § 374a.8 Prospective application o f part* The provisions of this part shall apply only to the extension o f credit by an air carrier to a candidate, or to a person acting on his behalf, which is made sub sequent to the effective date o f this part, and shall not be applicable to debts in curred prior to such date but which are unpaid as of the effective date of this part. The provisions of this part will be applicable, however, to all credit trans actions which occur subsequent to the effective date of the part even though the credit account in which the trans action takes place was opened prior to the effective date of the part. N ote: The reporting requirements here in have been approved by the Office of Management and Budget in accordance with the Federal Reports Act of 1942. By the Civil Aeronautics Board. [ s e a l] H a r r y J. Z i n k , Secretary. [F R Doc.72-7065 Filed 5-9-72;8:46 am] Title 17— COMMODITY AND SECURITIES EXCHANGES Chapter II— Securities and Exchange Commission [Release 34-9587] PART 240— GENERAL RULES AND REGULATIONS, SECURITIES EX CHANGE ACT OF 1934 Inclusion of Clearing Fund Deposits as Assets in Computation of Net Capital The Securities and Exchange Commis sion announced today that it has amended Rule 15c3-l (17 CFR 240.15c3- 1) (the net capital rule) under the Se curities Exchange A ct of 1934 (Exchange Act) by amending clause (B ) o f para graph (c) (2 ) thereof and by adding new paragraphs (c )(9 ) and (c )(1 0 ). Rule 15c3-l generally provides for certain safeguards with respect to the financial responsibility of brokers and dealers, in cluding the requirement that a broker- dealer’s aggregate indebtedness, as de fined in the rule, may not exceed a speci fied per centum o f his net capital, as defined in the rule, and that he must have and maintain a specific minimum net capital. Clause B of paragraph (c) (2) provides, among other things, that assets which cannot be readily converted into cash must be deducted from net worth in the computation of net capital. This provi sion has been cast with the view that assets included in net capital should be sufficiently liquid to enable a broker- dealer to meet his current liabilities and obligations. Questions have arisen, how ever, concerning the application of that principle to clearing fund deposits by members o f a continuous net settlement (CNS) system for the clearance and set tlement of securities transactions where such system is affiliated with a national securities exchange or a registered na tional securities association (clearing agency). Under a CNS system, a clearing agency assumes the role of principal party in the clearance and settlement of both the buying and selling sides of a transaction in securities between members of the clearing agency (clearing members). As a result of the risks thereby assumed by such CNS clearing agencies, clearing funds have been established and main tained through deposits by clearing members for use in payment of the lia bilities of clearing members to the clear ing agencies or the general liabilities of the clearing agencies which arise as a result of their clearing and settling activities. Such funds are essential to the continued operation and financial se curity of CNS clearing agencies, and, as noted in the Commission’s Study of Un safe and Unsound Practices of Brokers and Dealers (the Study), the facilitation of clearance procedures through respon sible clearing organizations is a matter to be fostered.1 A1 but one of the clearing agencies using the CNS system have es tablished such clearing funds.2 We have been informed by the Na tional Clearing Corp. (NC C), a corpo ration formed by the National Associa tion of Securities Dealers (NASD) to operate its nationwide CNS clearing agency, that a number of broker-dealers have expressed their hesitation to become members of NCC because of the possibil ity that Rule 15c3-l(c) (2) (17 CFR 240.- 15c3-l(c) (2) ) might be interpreted to require all deposits, of any nature what ever, to NCC’s clearing fund be deducted from members’ net worth in thé com putation of their net capital, and that such deduction could have a substantial impact on the amount of such broker- dealers’ net capital. Such hesitancy could substantially impair the growth and ef fectiveness of NCC and similar clearing agencies whose establishment has been found in the Study to be essential to the efficient conduct by the securities indus try of clearance and settlement proce dures. Because of the importance of foster ing systems for the clearance and settle ment of securities transactions, because CNS systems appear to offer substantial reductions in the movement of share certificates, and because deposits to clear ing funds are actually available for use 1H.R. Doc. No. 92-231, 92d Cong., first sess. 3, 5-6,31,168, 174-5 (1971). 2 Clearing agencies using the CNS system have been established by the Midwest Stock Exchange, the Pacific Coast Stock Exchange and the NASD; the latter organization oper ates its clearing agency function through the National Clearing Corp. The rules o f the Pacific Coast Stock Exchange Clearing Corp. do not provide for a clearing fund. to meet members’ current obligations to clearing agencies, the Commission hereby amends clause (B ) of Rule 15c3-l (c) ( 2 ) and adopts new paragraphs (c )(9 ) and (c)(1 0 ) to Rule 15c3-l to provide that clearing fund deposits by clearing members of clearing agencies using a CNS system for the clearance and settlement of securities transactions need not be deducted from such members’ net worth in the computation of net capital under paragraph (c) ( 2 ). Although the above-stated exception is now being adopted with respect to the calculation of net capital, persons a f fected by such rule change should be aware that both the Commission and the NASD have the entire net capital rule under review. Such review will include the amendments adopted herein. Commission action. The Securities and Exchange Commission, acting pursuant to the provisions of the Securities Ex change Act of 1934, and particularly sec tions 15(c) (3) and 23(a) thereof, hereby amends § 240.15c3-l of Chapter n of Title 17 of the Code of Federal Regula tions ( 1) by adding the following to the end of the last sentence of subparagraph (ii) of paragraph ( c ) ( 2 ), and ( 2 ) by adding new paragraphs (c) (9) and (10) thereto. As amended, subdivision (ii) of paragraph ( c ) ( 2 ) and paragraphs (c) (9) and (10) would read as follows: § 240.15c3—1 Net capital requirements fo r brokers and dealers. * * * * * (c) Definitions: * * * * * (2) *. * * (ii) Deducting fixed assets and assets which cannot be readily converted into cash (less any indebtedness secured thereby) including, among other things, real estate; furniture and fixtures; ex change memberships; prepaid rent, in surance and expenses; good will; orga nizational expenses; all unsecured ad vances and loans; customers’ unsecured notes and accounts; and deficits in cus tomers’ accounts, except in bona fide cash accounts within the meaning of section 4(c) of Regulation T of the Federal R e serve System; and the funds on deposit in a “ segregated trust account” in ac cordance with § 270.27d-l of this chapter under the Investment Company Act of 1940, but only to the extent that the amounts on deposit in such segregated trust account exceed the amount of lia bility reserves established and main tained for refunds of charges required by section 27 (d) and (f ) of the Investment Company Act of 1940: Provided, however, That the cash and market value o f secu rities, as reduced by the appropriate per centages provided in subdivision (iii) of this subparagraph which are deposited with a clearing fund maintained by a clearing corporation or similar depart ment or association of a national securi ties exchange or registered national securities association using a continuous net settlement system for the clearance and settlement of securities transactions FEDERAL REGISTER, V O L 37, NO. 91— WEDNESDAY, MAY 10, 1972 RULES AND REGULATIONS 9391 (hereinafter called “ clearing agency” ) need not be deducted under the provi sions of this subparagraph. * * * * * (9) The term “ clearing fund”' shall mean a fund established by a clearing agency to receive and hold deposits of cash or securities or both cash and securities from members of such clearing agency for use in payment, and as secu rity for payment, of the liabilities of such members to such clearing agency, or for use in payment by the clearing agency of liabilities it has incurred as a result of its clearing and settling of securities transactions. (10) The term “ continuous net settle ment system” shall mean that system for the clearance and settlement of securi ties transactions whereby a clearing agency: (i) Compares trade execution data submitted by members to arrive at agreed upon contract terms; (ii) on a given date nets purchases and sales of securities by a member with such mem ber’s previously unfulfilled purchase or sale obligations with respect to such secu rities; (iii) allocates delivery obligations as to money and securities between members and the clearing agency itself for unsettled transactions; and (iv) acts as the other party in the settlement of cleared transactions between members with respect to both money and securities. * * * * . * Because the effect of the above- described amendment would be to relax certain of the requirements of Rule 15c 3-1 under the Exchange Act, the Coin mission finds that, for good cause, the notice and procedures specified in the Administrative Procedure Act (5 U.S.C. 553) are unnecessary, and accordingly it adopts the foregoing amendments effec tive immediately. (Sec. 1 5 (c )(3 ), 48 Stat. 895, 52 Stat. 1075, sec. 2, 84 Stat. 1653, 15 U.S.C. 78o(c) (3 ); sec. 23(a), 48 Stat. 901, 49 Stat. 1379, 15 U.S.C. 78w) By the Commission. [ seal] R o nald P. H u n t , Secretary. May 8, 1972. [FR Doc.72-7070 Filed 5-9-72; 8:46 am] [Release No. 34-9588] PART 240— GENERAL RULES AND REGULATIONS, SECURITIES EX CHANGE ACT OF 1934 PART 249— FORMS, SECURITIES EX CHANGE ACT OF 1934 Annual Fees for Nonmember Broker- Dealers for Fiscal Year 1972 Correction In F.R. Doc. 72-6657 appearing on page 8660 in the issue of Saturday, ApriT 29, 1972, the section number now read ing “ § 240.1519-2” should read “ § 240.15b9-2” . Title 21— FOOD AND DRUGS Chapter 1— Food and Drug Adminis tration, Department of Health, Edu cation, and Welfare SUBCHAPTER C— DRUGS PIPERACETAZINE INJECTION AND PIPERACETAZINE TABLETS The Commissioner of Food and Drugs has evaluated new animal drug appli cations for piperacetazine tablets (13— 619V) and piperacetazine injection (13— 618V), filed by Pitman-Moore, Inc., Washington Crossing, N.J. 08560, pro posing the safe and effective use of the drugs in dogs and cats. The applications are approved. To facilitate referencing, Pitman- Moore, Inc., is being assigned a code number and is placed in the list of firms in § 135.501 (21 CFR 135.501). Therefore, pursuant to provisions of the Federal Food, Drug, and Cosmetic Act (sec. 512 (i), 82 Stat. 347; 21 U.S.C. 360b(i)) and under authority delegated to the Commissioner (21 CFR 2.120), Parts 135, 135b, and 135c are amended as follows: PART 135— NEW ANIMAL DRUGS 1. Part 135 is amended in § 135.501(c) by adding a new code number as follows: § 135.501 Names, addresses, and code numbers o f sponsors o f approved applications. * * * * * Code No. Firm name and address « * » * * • 066_________ Pitman-Moore, Inc., Washing ton Crossing, N.J. 08560. * * * * * * PART 135b— NEW ANIMAL DRUGS FOR IMPLANTATION OR INJECTION 2. Part 135b is amended by adding the following new section: § 135b.52 Piperacetazine injection. (a ) Specifications. The drug is a sterile aqueous solution and each milliliter con tains piperacetazine hydrochloride equiv alent to 2 milligrams of piperacetazine. (b) Sponsor, See code No. 066 in § 135.501(c) of this chapter. (c) Conditions of use. (1) It is intended for use in dogs and cats as a tranquilizer, sedative, and antiemetic agent and for the symptomatic relief of pruritis. (2) I t is administered intramuscularly, intravenously, or subcutaneously; method of administration depends upon the effect desired. It is administered at a recommended average dose that ranges from 0.5 to 2 milligrams per 10 pounds of body weight, depending on the effect desired and the response of the patient. Subsequent doses are adjusted as indi cated. Treatment is repeated as neces sary. Parenteral treatment may be fo l lowed by administration of the drug in tablet form, as indicated. (3) I t is not to be used in conjunction with organophosphates and/or procaine hydrochloride because phenothiazines may potentiate the toxicity of organo phosphates and the activity of procaine hydrochloride. (4) For use only by or on the order of a licensed veterinarian. PART 135c— NEW ANIMAL DRUGS IN ORAL DOSAGE FORMS 3. Part 135c is amended by adding the following new section: § 135c.66 Piperacetazine tablets. (a ) Specifications. Each tablet con tains 1 milligram of piperacetazine. (b) Sponsor. See code No. 066 in § 135.501(c) of this chapter. (c) Conditions of use. (1) It is used in dogs and cats as a tranquilizer, sedative, and antiemetic agent and for the symp tomatic relief of pruritis. (2) Method of administration: (i) Tranquilization. It is administered initially at the recommended average dosage level of 0.5 milligrams per 10 pounds of body weight (1 tablet for every 20 pounds) repeated at 6- to 12-hour in tervals for tranquilizing effect. Subse quent doses and the intervals between them may be adjusted as indicated. (ii) Sedation. When sedation is de sired, the drug is administered at a dos age level of 1 milligram (1 tablet) per 5 to 10 pounds of body weight. The tablets may be used as supportive therapy fo l lowing use of the drug in injectable form. (3) It is not to be used in conjunction with organophosphates and/or procaine hydrochloride, because phenothiazines may potentiate the toxicity of organo phosphates and the activity of procaine hydrochloride. (4) For use only by or on the order of a licensed veterinarian. Effective date. This order shall be e f fective upon publication in the F ederal R eg ister (5-10-72). (Sec. 512(1), 82 Stat. 347; 21 U.S.C. 3 6 0b (i)) Dated: May 1, 1972. F red J. K in g m a , Acting Director, Bureau of Veterinary Medicine. [F R Doc.72-7081 Filed 5-9-72;8:48 am] PART 135c— NEW ANIMAL DRUGS IN ORAL DOSAGE FORMS Sulfadimethoxine Oral Suspension The Commissioner of Food and Drugs has evaluated a new animal drug appli cation (37-700V) filed by Pitman-Moore, Inc., Washington Crossing, N.J. 08560, proposing the safe and effective use of sulfadimethoxine oral suspension for the treatment of cats and dogs. The manu facturer is an additional sponsor for a previously approved drug. The applica tion is approved. FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, MAY 10, 1972 9392 RULES AND REGULATIONS Therefore, pursuant to provisions of the Federal Food, Drug, and Cosmetic Act (sec. 512( i ) , 82 Stat. 347; 21 U.S.C. 360b(i) ) and under authority delegated to the Commissioner (21 CFR 2.120), Part 135c is amended by revising § 135c.- 46(c) to read as follows: § 135c.46 Sulfa dimethoxine oral sus pension. * * * * * (c) Sponsorisée code Nos. 020 and 066 in § 135.501(c) of this chapter. * * * * * Effective date. This order shall be ef fective upon publication in the F ederal R egister (5-10-72). (Sec. 512(1), 82 Stat. 347; 21 U.S.C. 360b (1) ) Dated: May 1,1972. . F red J. K in g m a , Acting Director, Bureau of Veterinary Medicine. [F R Doc.72-7082 Filed 5-9-72;8:48 am] PART 149b— AMPICILLIN Sterile Ampicillin Trihydrate for Suspension, Veterinary Pursuant to provisions of the Federal Food, Drug, and Cosmetic Act (sec. 512(n), 82 "Stat. 350-51; 21 U.S.C. 360b ( n )) and under authority delegated to the Commissioner of Food and Drugs (21 CFR 2.120), Part 149b is amended to provide for a change in the lower limit of the specifications for loss on drying in the certification requirements for sterile ampicillin trihydrate for suspension, veterinary. Part 149b is amended in § 149b.l9 Sterile ampicillin trihydrate fo r suspen sion, veterinary by revising the sixth sentence of paragraph (a) ( 1) to read as follows: “ Its loss on drying is not less than 11.4 percent and not more than 14.0 percent.” Data supplied by the manufacturer concerning the subject antibiotic have been evaluated. Since the conditions pre requisite to providing for this change have been complied with and since the matter is noncontroversial, notice and public procedure and delayed effective date are not prerequisites to this promulgation. Effective date. This order shall be ef fective upon publication in the F ederal R egister (5-10-72). (Sec. 512 (n ), 82 Stat. 350-51; 21 U.S.C. 360b(n)) Dated: May 1,1972. F red J. K in g m a , Acting Director, Bureau of Veterinary Medicine. [F R Doc.72-7083 Filed 5-9-72; 8:48 am] Title 39— POSTAL SERVICE Chapter I— U.S. Postal Service PART 26T— PUBLIC INFORMATION ON POSTAL SERVICE AND RECORDS Disclosure of Post Office Boxholder Information Regulations codified under § 261.2 of Title 39, Code of Federal Regulations, are amended to specify the type of evidence that postmasters may consider in deter mining that a post office box is being used for the purpose of doing business with the public; and to provide that box- holder information may be furnished without charge, pending a study to deter mine whether time expended in search ing records warrants charging a fee. Accordingly, in § 261.2 Availability of records, amend paragraph (c) (8 ) to read as follows: § 261.2 Availability o f records. * * * * . * (c) Exemptions. * * * (8 ) Except as provided in this sub- paragraph, the names, addresses, and telephone numbers of post office box- holders shall not be disclosed other than to a recognized law enforcement agency or in compliance with a subpoena or court order. Such information may be disclosed in the following manner with respect to any post office box being used for the purpose of doing or soliciting business with the public. When the busi ness name, address, and telephone num ber are shown on the Application for Post Office Box, Form 1093, or evidence such as a circular is furnished by the inquirer demonstrating that the box is being used for the purpose of doing or soliciting business with the public, the postmaster may provide this informa tion without charge. When a postmaster is unable to determine whether a busi ness is involved he shall refer all dis closure requests to the Regional Counsel for decision. * * * * * (39 U.S.C. 401, 410(c) (1) ) Louis A. Cox, General Counsel. [F R Doc.72-7069 Filed 5-9-72;8:46 am] Title 47— TELECOMMUNICATION Chapter I— Federal Communications Commission [Docket No. 19476; FCC 72-390] PART 64— MISCELLANEOUS RULES RELATING TO COMMON CARRIERS Subpart H— Extension of Unsecured Credit for Interstate and Foreign Communication Services to Candi dates for Federal Office Report and order. In the matter o f amendment of Part 64 of the rules to provide for regulations covering the ex tension of credit to candidates, or to other persons on behalf of candidates, fo r Federal office, Docket No. 19476. 1. In our March 15, 1972, notice of proposed rule making herein (37 F.R. 5965; Mar. 23, 1972), we invited com ments on or before April 7, 1972, on pro posed regulations to govern the exten sion by communication common carriers of unsecured credit to or on behalf of candidates for Federal office. Under sec tion 401 of the Federal Election Cam paign Act of 1971 (Campaign A ct) 1 we are obligated to promulgate such regu lations by May 7,1972. 2. In response to our notice timely comments were filed by the following: American Telephone & Telegraph Co. (A T & T ). Continental Telephone Corp. (C T C ). Democratic National Committee (D N C ). GTE Telephone Operating Cos. (GTE— 19 operating companies). Senator Hugh Scott. United UtUities, Inc. (U U I). The Western Union Telegraph Co. (W U ). Wisconsin Public Service Commission (P S C ). 3. W e have given careful consideration to all of the comments that have been submitted to us and it is our conclusion that in the light of these comments, we should adopt the rules as proposed with the following described changes: (a) In our proposed rule on definitions we made only a cross-reference to section 3,01 of the Campaign Act for definitions of “ candidate,” “ election,” “ Federal o f fice,” and “ person.” In our final rules we are eliminating this cross-reference and setting forth the pertinent text of these definitions in our final rules (§ 64.803 (a ), (b ), (c ), and ( d ) ) . (b) Also, in our proposed definition of “ unsecured credit” we did not make en tirely clear how often the carrier is re quired to review, and, if necessary, to revise its estimate of future usage for purposes of determining the security that may be required from customers. In our final rules, we specify that such review shall be made on at least a monthly basis (§ 64.803(e)). (c) In our proposed rule requiring dis continuance of service for nonpayment of bills, we specified that a carrier must give a customer a period of 30 days after a bill is rendered to pay the charges due and, if the bill is not paid within that 30- day period, th carrier must then give 10 days written notice to pay within that 10-day period or service will be cut off. 1“ Sec. 401. The Civil Aeronautics Board, the Federal Communications Commission, and the Interstate Commerce Commission shall each promulgate, within 90 days after the date o f enactment of this Act, its own regulations with respect to the extension of credit, without security, by any person regu lated b y such Board or Commission to any candidate for Federal office (as such term is defined in section 301(c) o f the Federal Election Campaign Act of 1971), or to any person on behalf of such a candidate, for goods furnished or services rendered in con nection with the campaign o f such candidate for nomination for election or election, to such office.” FEDERAL REGISTER, VOL. 37, NO. 91— WEDNESDAY, MAY 10, 1972 RULES AND REGULATIONS 9393 In our final rules we are shortening these periods to 15 days and 7 days respectively (8 64.804(d)). (d) In our proposed rule requiring re ports on extensions of unsecured credit we would have required quarterly reports after the first one on January 31, 1973. We are changing this to require reports semiannually instead of quarterly. 4. The changes referred to above in subparagraphs a and b are clarifying in nature; the revision in d above will re duce the number of reports required from carriers; and the change referred to in c above is in response to the contentions of several parties objecting to the pro posed rule which would require 40 days to run during which a candidate or person in his behalf could run up a sizeable un paid account before service could be cut off. We believe that political candidates and persons in their behalf should be given a reasonable time within which to raise money and Ray the communications bills before service is cut off. However, we agree that the 40-day period may be too long and our revision to 22 days is a fair compromise between our 40-day proposal and the contentions made here in that the carrier should be able to cut off service immediately upon nonpay ment of a bill. 5. W e decline to reflect in our final rules certain requests or proposals made herein by one or more parties and it may be useful to state our reasons as to the more significant of these. Requests are made that we adopt a single ju le banning any and all unsecured credit to candi dates or persons on their behalf. A l though we believe that we could adopt such a rule under the general and spe cific rule making powers granted to us under the pertinent provision of the Communications Act, we are here con cerned with implementing the intent of Congress under the Campaign Act. In respect to this particular statute Congress was urged to impose a flat ban on unsecured credit, but Con gress refused to do so. The legisla tive history indicates that Congress was concerned that the affluent candidate not be favored unduly over the less afflu ent. In view of this legislative back ground, we do not believe that we should flatly forbid carriers from extending un secured credit to candidates or persons in their behalf whenever, in the judg ment of the carrier, such unsecured credit appears warranted. Moreover, if we were to go beyond the apparent in tent of Congress and prohibit any and all unsecured credit to Federal candi dates or persons in their behalf, we would be concerned that this would be unduly discriminatory against such candidates in favor of other users who can obtain service on credit unless we also imposed the same flat ban against credit for all customers. We are not prepared to take aThe Commission, on its own motion, is also relaxing the requirements so as to re quire rep