[Federal Register Volume 61, Number 86 (Thursday, May 2, 1996)]
[Notices]
[Pages 19648-19649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10927]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 21919; 811-5287]
Pound Sterling Performance Portfolio L.P.; Notice of Application
April 26, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').
ACTION: Notice of Application for Deregistration under the Investment
Company Act of 1940 (the ``Act'').
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APPLICANT: Pound Sterling Performance Portfolio L.P.
RELEVANT ACT SECTION: Section 8(f).
SUMMARY OF APPLICATION: Applicant requests an order declaring that it
has ceased to be an investment company.
FILING DATE: The application was filed on July 14, 1995, and an
amendment thereto on April 17, 1996.
HEARING OR NOTIFICATION OF HEARING: An order granting the application
will be issued unless the SEC orders a hearing. Interested persons may
request a hearing by writing to the SEC's Secretary and serving
applicant with a copy of the request, personally or by mail. Hearing
requests should be received by the SEC by 5:30 p.m. on May 21, 1996,
and should be accompanied by proof of service on the applicant, in the
form of an affidavit or, for lawyers, a certificate of service. Hearing
requests should state the nature of the writer's interest, the reason
for the request, and the issues contested. Persons may request
notification of a hearing by writing to the SEC's Secretary.
ADDRESSES: Secretary, SEC, 540 Fifth Street, N.W., Washington, D.C.
20549.
[[Page 19649]]
Applicant, 388 Greenwich Street, New York, New York 10013.
FOR FURTHER INFORMATION CONTACT:
Diane L. Titus, Paralegal Specialist, at (202) 942-0584, or Robert A.
Robertson, Branch Chief, at (202) 942-0564 (Division of Investment
Management, Office of Investment Company Regulation).
SUPPLEMENTARY INFORMATION: The following is a summary of the
application. The complete application may be obtained for a fee from
the SEC's Public Reference Branch.
Applicant's Representations
1. Applicant is an open-end, non-diversified management investment
company that was organized as a limited partnership under the laws of
the State of Delaware. On August 17, 1987, applicant registered as an
investment company under the Act. On that same date, applicant filed a
registration statement on Form N-1A under section 8(b) of the Act and
the Securities Act of 1933. The registration statement became effective
on November 9, 1988 and the initial public offering commenced shortly
thereafter.
2. On January 7, 1992, in light of applicant's small asset size and
the unlikelihood of achieving efficiencies of economy the individual
general partners of applicant, including the individual general
partners who are not interested persons, unanimously approved a Plan of
Dissolution, Liquidation and Termination (the ``Plan''). The Plan
providing for the dissolution of applicant, the liquidation of
applicant's assets and the distribution of all the proceeds of such
liquidation, which were in cash form, less an amount provided for debts
and liabilities of applicant, to the shareholders of applicant.
3. On or about March 26, 1992, proxy materials were mailed to the
shareholders and filed with the SEC. The shareholders of applicant
approved the Plan on April 30, 1992.
4. As of April 30, 1992, there were 342,269.038 shares of
partnership interest of applicant outstanding, having a net asset value
of $3,306,328.56 and a per share net asset value of $9.66. As of May 1,
1992, assets were distributed to the shareholders and accordingly there
are no shares of partnership interest or any other class of securities
outstanding.
5. In connection with its liquidation, applicant incurred expenses
of approximately $63,922.63, which were borne by applicant's adviser
and administrator. The expenses consisted of accounting, printing,
administrative and certain legal expenses.
6. As of the filing date of this application, applicant had no
shareholders, liabilities, or assets. Applicant is not a party to any
litigation or administrative proceeding.
7. Applicant is not now engaged, nor does it propose to engage, in
any business activities other than those necessary for the winding-up
of its affairs.
8. Applicant intends to terminate its existence under the laws of
the State of Delaware.
For the SEC, by the Division of Investment Management, under
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-10927 Filed 5-1-96; 8:45 am]
BILLING CODE 8010-01-M
