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NY 46-2507 J DEPARTMENT ITEM NUMBER 49 This item relates to the stock of Victory Carriers, Incorporatcd, and also the business transacted by this company from December 11, 1948, to Fobruary 26, 1949. , ne ar 2 d by SA(4&) The following investigation was conducted by a From an examination of the stock certificate book of Victory Carriers, Incorporated, it was ascertained that a certificate number 1 for two thousand shares was issued to . Pan USPC on May 20, 1949. This is the only stock certificate that has been issucd by Victory Carriocrs. Th “ recor TS nd meee Mn 2 oe refle PY tha at — my ©£evus as of VELELULDY LaPracrs PeLiccun Tu financial transactions were conducted during tho period from December 11, 1948, to February 26, 1949; however, the minutes oe of the company reflocted that the Board of Directors dd hold '/ ; meetings during this period. It is to be noted in this connection that the books of account of Victory Carriers were not opened until May 27, 1949, at which time.a deposit was made at the National City . -- Rank tn tha amount of $85) Ann repres ntin teal at male a pang an Lr Oe ww? aw | oll esent sng a capi ta. Oovvun contribution of “$2, 000" and a capital surplus contribution of $852,000, such investment being made by USPC. eee veld ante oN Jee nae Mh Rey ae