The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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

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