Code of Federal Regulations Title 46. Shipping 46 CFR Pt. 390, App. III—Sample Semiannual Report

Cash (exhibit A-1 and B)․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

$1,025

Securities and stock–adjusted basis (exhibit A-2 and B)․․․․․․․․․․․․․․․․․․․․․

2,560

Fund total for tax purposes on deposit (exhibit C)․․․․․․․․․․․․․․․․․․․․․․․․․․

3,585

Net accrued deposits and withdrawals (exhibit A-3)․․․․․․․․․․․․․․․․․․․․․․․․․․

450

Fund total (agrees with balance sheet submitted at this date) on deposit for book purposes–June 30, 19–

4,035

Portion of fund total for tax purposes as of June 30, 19—, which represents a “CCF: Security amount” pursuant to an agreement covering the dual use of a capital construction fund

Balance brought forward․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

$403

Deposits․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

82

Total “CCF: Security Amount”․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

485

First American Bank, San Francisco, Calif., checking account No. 654-0876-211

$1,025

Total cash in capital construction fund at June 30, 19–․․․․․․․․․․․․․․․․․․․․․

1,025

Treasury notes—due July 4, 19–, $800,000 face value, 1st American Bank, San Francisco, Calif., trust account No. 610-2135

$760

$760

Negotiable certificate of deposit–due July 31, 19–, $500,000 at 8 percent, 1st American Bank, San Francisco, Calif., CD No. 186007

500

500

U.S.A. Motors, Inc.–class A common stock, 5,000 shares, Southern California National Bank, trust account No. 358-21

625

725

Energy Co., Inc.–1st preferred, 4,100 shares, Southern California National Bank, trust account No. 358-21

205

255

Boon Corp.–class A common stock, 10,000 shares, Southern California National Bank, San Francisco, Calif., trust account No. 358-21

470

520

Total securities and stock in capital construction fund at June 30, 19—

2,560

2,760

Accrued deposits:

19—income (6 mos. ended June 30, 19—)

$500

Depreciation

200

Total

700

Accrued withdrawals: Progress payment made from general fund–hull 210

250

Net accrued deposits and withdrawals in capital construction fund at June 30, 19—

450

Jan. 1, 19—

Balances brought forward

$1,500,000

$2,000,000

Jan. 1, 19—

Bond debt payment–SS Smith

$250,000

Jan. 3, 19—

Deposit 19— depreciation

300,000

Jan. 4, 19—

Purchased Treasury notes–90 days at 6-percent discount

752,000

752,000

$800,000 at 6-percent discount.

Feb. 29, 19—

Dividends earned

4,500

$0.45 per share on 10,000 shares Boon Corp.

Mar. 15, 19—

Progress payment No. 3 hull 210

172,500

Apr. 4, 19—

Sale of Treasury notes–cost

752,000

752,000

Income from sale

48,000

Apr. 4, 19—

Purchased Treasury notes 90 days at 5-percent discount.

760,000

760,000

$800,000 at 5-percent discount.

Apr. 15, 19—

Deposit from 19– earnings

310,000

May 15, 19—

Progress payment No. 4–hull 210

180,000

June 15, 19—

Sale of stock–cost

200,000

200,000

4,000 shares at $56.25 per share.

Gain on sale of stock

Energy Co., Inc.

25,000

Balances carried forward

1,025,000

2,560,000

Opening balance, Jan. 1, 19–

$1,000,000

$1,000,000

$1,500,000

$3,500,000

Deposits, income, transfers in, etc

362,500

25,000

300,000

687,500

Total

1,362,500

1,025,000

1,800,000

4,187,500

Withdrawals, losses, transfers out, etc

602,500

Balance at June 30, 19–

1,362,500

1,025,000

1,197,500

3,585,000

Balance brought forward․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

$700,000

Qualified withdrawals during period․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

352,500

Total qualified withdrawals to date․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

1,052,500

Balance brought forward․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

$500,000

Qualified withdrawals during period․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

250,000

Total qualified withdrawals to date․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

750,000