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Trans HE 2708

146

ERRATUM

No. 32155 (Sub No. 3)

Transporter JA Library

CLASSIFICATION OF REVENUE AND EXPENSE ACCOUNTS
FOR CLASS I AND CLASS II COMMON AND CONTRACT
MOTOR CARRIERS OF PROPERTY FOR HOUSEHOLD

GOODS OPERATIONS (49 CFR 12
1207C

11 1973

The following excerpt was unintentionally omitted from the printing of the order in Docket No. 32155 (sub-No. 3), Motor Carrier Accounts - Household Goods. However, the bound volume of ICC proceedings will include this excerpt in its proper position.

Instruction 2 "Records" is amended by adding
as paragraph (f) an instruction requiring house-
hold goods carriers to obtain and retain certain
records relating to agents. The new paragraph
(f) reads:

2 Records.

*

*

(£) Carriers classified as household goods carriers shall also comply with the following requirements.

(i) As evidence of the financial condition of agents required in 8 1056.19 (b) of this chapter, Required Filings Relating to Agency Agreements, the authorized carrier shall acquire from each of its agents (1) an income statement, including a detailed schedule of operating revenues and expenses, for the calendar year preceding the effective date of the agency agreement and (2) a balance sheet as of the last day of said year. The required financial statements shall be prepared in accordance with the prescribed schedules for such statements in the annual report form filed with the Commission by the authorized carrier.

(ii)

Annually thereafter, for each year
an agency agreement is in effect, the autho-
rized carrier shall acquire the required
statements from each of its agents no later
than the time for the filing of the autho-
rized carrier's annual report with the Com-
mission. The agents' annual financial
statement shall be retained by the autho-
rized carrier in a separate file as part
of its required records for a period of