574 
APPENDIX 
Agreements for Investment Trusts 
The..covvunn.. Sahn eveeves..., in consideration of the 
listing of the securities covered by this application. agrees with the New 
York Stock Exchange as follows: 
I. To notify the New York Stock Exchange promptly of any change in 
the general character or nature of its business. 
2. To notify the Stock Exchange promptly in the event of any sub- 
stantial change in the management or affiliations of the Corporation. 
3. To publish within thirty days after the close of each fiscal year, and 
submit to .stockholders at least fifteen days in advance of the annual meet- 
ing of the corporation, a Balance Sheet, an Income Statement for the last 
fiscal year and a Surplus statement of the applicant company as a separate 
corporate entity and of each corporation in which it holds directly or 
indirectly a majority of the voting stock; or, in lieu thereof, eliminating 
all intercompany transactions: 
(a) a similar set of financial statements fully consolidated as to the 
applicant company and all corporations in which it owns directly or 
indirectly a majority of the voting stock, or 
(b) a similar set of financial statements consolidated as to the 
applicant company and specifically named ‘or described subsidiaries, 
with separate similar financial statements for each unconsolidated cor- 
poration in which the applicant company holds directly or indirectly a 
majority of the voting stock. 
Such statements shall disclose fully the nature and extent of the interest 
of the applicant company in the corporations whose unconsolidated financial 
statements are furnished, and also the existence of any default in interest, 
cumulative dividend requirements or sinking fund or redemption fund 
requirements of any of the corporations whose accounts are thus consoli- 
dated or separately shown. 
4. To publish in each annual report, as a footnote to the balance sheet, 
a statement showing the aggregate value of securities held directly, or indi- 
rectly, at the close of the period, based upon market value for all securities 
listed on recognized stock exchanges and upon fair appraisal of other securi- 
ties, compared with the aggregate cost of such securities. 
5. To publish in each annugl report a footnote to the Income Account 
showing the increase or decrease during the current year of the amount by 
which the market value of securities held exceeds or is less than their book 
value. 
6. To publish in each annual report a list of securities held showing 
names and quantities, provided, however, that an amount equal to ten (109) 
per cent. of either the combined capital and surplus of the Corporation or 
of the cost of the securities, whichever is lower, may be combined under 
the heading “Miscellaneous.” This list shall disclose the aggregate cost of. 
the securities and their aggregate market value, and in the case of securities 
not listed on either the New York Stock Exchange or the New York Curb 
Market, the price at which each such holding is inventoried for the purpose 
of determining aggregate market value will be clearly set forth with such 
information as may be required to support such valuation. 
». To append to all annual financial statements and inventories required 
by the Committee the certificate of a public accountant qualified under the 
laws of some State or Country, which certificate shall include a statement