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Books of persons control ling natural fas companies subject to Commission examination.

(c) The books, accounts, memoranda, and records of any person who controls directly or indirectly a natural-gas company subject to the jurisdiction of the Commission and of any other company controlled by such person, insofar as they relate to transactions with or the business of such natural-gas company, shall be subject to examination on the order of the Commission. (15 U. S. C. 8 717g]

RATES OF DEPRECIATION

Depreciation and amortiza. tion Accounts to be in accordance with Commission rules.

Commission may deter

rate of

Spo. 9. (a) The Commission may, after hearing, require natural-gas companies to carry proper and adoquate depreciation and amortization accounts in accordance with such rules, regulations, and forms of account

as the Commission may prescribe. The Commission mine adequate may from time to time ascertain and determine, and by depreciation. order fix, the proper and adequate rates of depreciation

and amortization of the several classes of property of each natural-gas company used or useful in the production, transportation, or sale of natural gas. Each natural-gas company shall conform its depreciation and amortization accounts to the rates so ascertained, determined, and fixed. No natural-gas company subject

to the jurisdiction of the Commission shall charge to Depreciation charges shall operating expenses any depreciation or amortization

charges on classes of property other than those prescribed by the Commission, or charge with respect to any class of property a percentage of depreciation or amortization other than that prescribed therefor by the Commission. No such natural-gas company shall in any case include in any form under its operating or other expenses any depreciation, amortization, or other charge or expenditure included elsewhere as a

depreciation or amortization charge or otherwise under Jurisdiction of

its operating or other expenses. Nothing in this section shall limit the power of a State commission to determine in the exercise of its jurisdiction, with respect to any natural-gas company, the percentage rates of depreciation or amortization to be allowed, as to any class of property of such natural-gas company, or the composite depreciation or amortization rate, for the purpose of determining rates or charges.

Dot be cbarged to operating expenses unless authorized

Buate commissont not lim. Ited by this section.

nate.

(b) The Commission, before prescribing any rules or Commlulon requirements as to accounts, records, or memoranda, rules as to or as to depreciation or amortization rates, shall notify or depreciation each State commission having jurisdiction with respect to any natural-gas company involved and shall give Nouce 100

opportunity to reasonable oportunity to each such commission to pre- Soo to prevent sent its views and shall receive and consider such views recommenda. and recommendations. (15 U.S.C. 8717h)

tone.

PERIODIO AND SPECIAL REPORTS

prescribed by Commission. Contents of

Szc. 10. (a) Every natural-gas company shall file with Natural.com. the Commission such annual and other periodic or shall ble special reports as the Commission may by rules and required. regulations or order prescribe as necessary or appropriate to assist the Commission in the proper administration of this act. The Commission may prescribe the porn to be manner and form in which such reports shall be made, and require from such natural-gas companies specific reports. answers to all questions upon which the Commission may need information. The Commission may require that such reports shall include, among other things, full information as to assets and liabilities, capitalization, investment and reduction thereof, gross receipts, interest due and paid, depreciation, amortization, and other reserves, cost of facilities, cost of maintenance and operation of facilities for the production, transportation, or sale of natural gas, cost of renewal and replacement of such facilities, transportation, delivery, use, and sale of natural gas. The Commission may require any such Correde de natural-gas company to make adequate provision for costs, etc. currently determining such costs and other facts. Such reports shall be made under oath unless the Commission Reports under otherwise specifies.

(b) It shall be unlawful for any natural-gas company willful blo. willfully to hinder, delay, or obstruct the making, filing, making reor keeping of any information, document, report, memo unlawful. randum, record, or account required to be made, filed, or kept under this act or any rule, regulation, or order thereunder. (15 U. S. C. 9 7171)

termination of

onth.

STATE COMPACTS; REPORTS ON

pacts between

to conservi.

Commission to usemble current IRformation rela. dve to com pacts between Stato.

Compleston Szo. 11. (a) In case two or more States propose to the
to unsemble
and to report Congress compacts dealing with the conservation, pro-
to Congress
information on duction, transportation, or distribution of natural gas

it shall be the duty of the Commission to assemble pertiStates relating

nent information relative to the matters covered in any
tion, etc., of
natural na such proposed compact, to make public and to report to

the Congress information so obtained, together with
such recommendations for further legislation as may ap-
pear to be appropriate or necessary to carry out the pur-
poses of such proposed compact and to aid in the con-
servation of natural-gas resources within the United
States and in the orderly, equitable, and economic pro-
duction, transportation, and distribution of natural gas.

(b) It shall be the duty of the Commission to assemble
and keep current pertinent information relative to the
effect and operation of any compact between two or more

States heretofore or hereafter approved by the Congress, Information to to make such information public, and to report to the be public.

Congress, from time to time, the information so obtained Reports and

together with such recommendations as may appear to be

appropriate or necessary to promote the purposes of such Congreu.

compact.

(c) In carrying out the purposes of this act, the Com

mission shall, so far as practicable, avail itself of the to Commleslon. services, records, reports, and information of the execu

tive departments and other agencies of the Government,
and the President may, from time to time, direct that
such services and facilities be made available to the
Commission. (15 U. S. C. 8 717j]

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recommendetions to be made to

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Records of other Government agencies to be a pallablo

OFFICIALA DEALING IN BECURITIES

Uolawful for oncert or directors to beneat from

Sec. 12. It shall be unlawful for any officer or director

of any natural-gas company to receive for his own beneable to me becart fit, directly or indirectly, any money or thing of value

in respect to the negotiation, hypothecation, or sale by
such natural-gas company of any security issued, or to
be issued, by such natural-gas company, or to share in
any of the proceeds thereof, or to participate in the mak-
ing or paying of any dividends, other than liquidating
dividends, of such natural-gas company from any funds

tie.

Unlawful for oncert or directors to pay dividendo from capital account.

(15 U. S. C.

properly included in capital account. § 717k)

COXPLAINTS

may Ale con

Szc. 18. Any State, municipality, or State commission Stato, nupiel: complaining of anything done or omitted to be done by commocion any natural-gas company in contravention of the pro- plaloto. visions of this act may apply to the Commission by potition, which shall briefly state the facts, whereupon a statement of the complaint thus made shall be forwarded Complaint to by the Commission to such natural-gas company, which shall be called upon to satisfy the complaint or to answer Commission. the same in writing within a reasonable time to be speci• Answers to fied by the Commission. [18 U. S. C. 8 7177]

time specided

Contents of petition.

be forwarded to naturalcompany by

complaints to bo Aled in

by Commidoo.

DIVESTIGATIONS BY COMMISION; ATTENDANCE OF

WITNEASB; DEPOSITIONS

by Commission

etc.

SBO. 14. (a) The Commission may investigato any

Inventintion facts, conditions, practices, or matters which it may find o violations, necessary or proper in order to determine whether any person has violated or is about to violate any provision of this act or any rule, regulation, or order thereunder, or to aid in the enforcement of the provisions of this act or in prescribing rules or regulations thereunder, or in obtaining information to serve as a basis for recommending further legislation to the Congress. The Com- Permission to mission may permit any person to file with it a statement itatement conin writing, under oath or otherwise, as it shall determine, vestigation. us to any or all facts and circumstances concerning a matter which may be the subject of investigation. The Commission, in its discretion, may publish in the manner authorized by section 312 of the Federal Power Act, and information make available to State commissions and municipalities, formation information concerning any such matter.

(b) The Commission may, after hearing, determine the adequacy or inadequacy of the gas reserves held or Adequacy of controlled by any natural-gas company, or by anyone on may be deterits behalf, including its owned or leased properties or Commision. royalty contracts; and may also, after hearing, deter

Commission may publish

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operating er penses, etc., of charges for

Reasonableness mine the propriety and reasonableness of the inclusion in

operating expenses, capital, or surplus of all delay ren

tals or other forms of rental or compensation for unoppooperated

erated lands and leases. For the purpose of such deterdelay rentals Natural-gas

minations, the Commission may require any natural-gas

company to file with the Commission true copies of all Ale copies of

its lease and royalty agreements with respect to such gas

lands or lea ses,

companies may be required to

all leases, royalty agreemente.

reserves.

Member of Commission may admin ister oath, subpene wit. Desser, compel their attendance, etc., and require production of books, records, etc.

hearing

Fees of

(c) For the purpose of any investigation or any other proceeding under this act, any member of the Commission, or any officer designated by it, is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, contracts, agreements, or other records which the Commission finds relevant or material to the inquiry. Such attendance of witnesses and the production of any

such records may be required from any place in the Designated United States or at any designated place of hearing. place of

Witnesses summoned by the Commission to appear be

fore it shall be paid the same fees and mileage that are witnesses.

paid witnesses in the courts of the United States.

(d) In case of contumacy by, or refusal to obey a subpena issued to, any person, the Commission may invoke the aid of any court of the United States within the

jurisdiction of which such investigation or proceeding is application. carried on, or where such person resides or carries on

business in requiring the attendance and testimony of witnesses and the production of books, papers, correspondence, memoranda, contracts, agreements, and other

records. Such court may issue an order requiring such and production person to appear before the Commission or member or

officer designated by the Commission, there to produce records, if so ordered, or to give testimony touching the matter under investigation or in question; and any failure to obey such order of the court may be punished

by such court as a contempt thereof. All process in any tempt.

such case may be served in the judicial district whereof Service of

such person is an inhabitant or wherever he may be found or may be doing business. Any person who willfully shall fail or refuse to attend and testify or to an

swer any lawful inquiry or to produce books, papers, produce books, correspondence, memoranda, contracts, agreements, or

other records, if in his or its power so to do, in obedi

Ald of court may be in voked in cases of refusal to obey subpenas, contumacy. Venue for

Court may order appear.

of records.

Fallure to obey court order pupighable as con

process.

Misdemeanor for failure to appear and testify or to

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