46 CFR Appendix III to Part 390: Appendix III to Part 390—U.S. Department of Transportation, Maritime Administration—Sample Semiannual Report

[Illustrative sample of the report required by the Maritime Administration pursuant to 46 CFR part 390 prescribing the capital construction fund reporting requirements to be followed by those companies which are party to a capital construction fund agreement]

Exhibit A—XYZ Co., Summary of cash, securities, and stock on deposit and net accrued deposits to and accrued withdrawals from the capital construction fund as of june 30, 19____

Thousands

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 Thousands

Balance brought forward $403

Deposits 82

Total “CCF: Security Amount” 485

Exhibit A-1—XYZ Company

summary of cash on deposit in capital construction fund as of june 30, 19____

Thousands

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

Exhibit A-2—XYZ Co., Summary of Securities and Stock (Adjusted Basis and Fair Market Value) in Capital Construction Fund as of June 30, 19____(in Thousands)

Adjusted basis Fair market value

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

Exhibit A-3—XYZ Co., Summary of Net Accrued Deposits and Withdrawals in Capital Construction Fund as of June 19____

Thousands

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

Exhibit B—XYZ Co., Transcript of Transactions in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____

Date Description of transaction Cash Securities and stock (at adjusted basis) Detail

Debit Credit Debit Credit

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

Exhibit C—XYZ Co., Summary of Total Transaction Affecting the Tax Account Balances in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____

Ordinary income Capital gain Capital Total

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

Exhibit D—XYZ Company

summary by vessel of qualified withdrawals from the fund for the six months ending june 30, 19____

A. Acquisition or Construction of Vessels

(1) 80,000 dwt tanker: No qualified withdrawals have been made to date; construction is presently scheduled to commence in mid-1977.

(2) 130-foot ocean tug hull No. 210:

Balance brought forward $700,000

Qualified withdrawals during period 352,500

Total qualified withdrawals to date 1,052,500

130-foot ocean tug hull No. 211: No withdrawals have been made to date; construction is presently scheduled to commence in November 1975

B. Acquisition or Construction of Barges, Containers and Trailers

250-foot tank barge: No qualified withdrawals have been made to date; construction presently scheduled to commence in November 1975.

C. Reconstruction of Vessels

None.

D. Reconstruction of Barges, Containers, and Trailers

None.

E. Payment of Principal on Existing Indebtedness

SS Smith—Official No. 236425:

Balance brought forward $500,000

Qualified withdrawals during period 250,000

Total qualified withdrawals to date 750,000