MARCH 2 (calendar day, MARCH 8), 1932.-Ordered to be printed

Mr. ODDIE, from the Committee on Public Lands and Surveys, submitted the following

REPORT

[To accompany S. 3154]

The Committee on Public Lands and Surveys, to whom was referred the bill (S. 3154) authorizing the conveyance of certain lands to the city of Fallon, Nev., having considered the same, report favorably thereon with the recommendation that the bill do pass with the following amendments:

On page 1, line 4, after the word "convey," strike out the comma and the words "by quitclaim deed" and the comma.

On page 1, line 11, after the word "less" and before the period, insert a comma and the following:

upon condition that the city shall make payment for the land at the rate of $1.25 per acre within six months after the approval of this act: Provided, That there shall be reserved to the United States all oil, coal, or other mineral deposits found at any time in the land, and the right to prospect for, mine, and remove the same under such rules and regulations as the Secretary of the Interior may prescribe: Provided further, That the grant herein is made subject to any valid existing claim or easement, and that the land hereby granted shall be used by the city of Fallon, Nevada, only for a dumping ground, and if the said land or any part thereof shall be abandoned for such use, said land or such part shall revert to the United States; and the Secretary of the Interior is hereby authorized and empowered to declare such a forfeiture of the grant and to restore said premise to the public domain if at any time he shall determine that the city has for more than one year abandoned the land for the use herein indicated, and such order of the Secretary shall be final and conclusive, and thereupon and thereby said premises shall be restored to the public domain and freed from the operations of this grant

These amendments were recommended by the Secretary of the Interior in his favorable letter of February 9, 1932, which also sets forth the facts concerning the proposed legislation, as follows:

72D CONGRESS 1st Session

}

SENATE

{

REPORT No. 401

HEADQUARTERS AND RECORDS OF INSURANCE COMPANIES ORGANIZED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA

MARCH 2 (calendar day, MARCH 8), 1932.-Ordered to be printed

Mr. KING, from the Committee on the District of Columbia, submitted the following

REPORT

[To accompany S. 3584]

The Committee on the District of Columbia, to whom was referred the bill (S. 3584) to require all insurance corporations formed under the provisions of Chapter XVIII of the Code of Law of the District of Columbia to maintain their principal offices and places of business. within the District of Columbia, and for other purposes, having considered the same, reports favorably thereon, with the recommendation that the bill do pass, with the following amendments:

On page 2, line 4, strike out the words "all of".

On page 2, line 8, after the word "obtained", strike out the period and insert a colon and the following:

Provided, however, That nothing herein contained shall be construed to apply to the books, records, and files of any such corporation kept in a branch-office agency of such corporation, which books, records, and files relate solely to the business transacted by said branch-office agency.

PURPOSE OF THE BILL

The purpose of this bill is to require insurance companies hereafter organized under the District of Columbia corporation laws to maintain their headquarters within the District of Columbia, and to keep their principal books and records in the District. The proposed legislation does not apply to companies already organized and doing business.

The need for the legislation arises through the legal obligation imposed on the superintendent of insurance of the District to examine. the books of insurance companies formed under the local law at least once every three years. The need sometimes arises for more frequent examinations.

United Stan Sese. Wainga, D. C.

We The Comware of the Dhatmot of Columbia have the honor to recommond favorable action on Senate 3584, Seventy-second Congress, first session, Mede & surance corporations formed under the provisions df Grapter XVIII of the Code of Law of the District of Columbia to maintain ter przepal offices and places of business within the District of Columbia, and for other purposes which you referred to them for report as to the merits of the ... and the propriety of its passage.

The boy was introduced by you at the request of the commissioners, and the torekety for its passage is indicated in the letter of February 4, in which the draft of the bill was forwarded to you.

Very truly yours,

L. H. REICHELDERFER, President Board of Commissioners of the District of Columbia.