NOTE.-In column 16 shall be shown with prefix "a" the value of the land, using the Bureau's zone unit of value, and with prefix "b" the cost of reproduction less depreciation of structures from the Bureau's engineering report. PART 156-UNIFORM SYSTEM OF RECORDS AND REPORTS OF PROPERTY CHANGES: PIPE LINE CARRIERS Destruction of records of pipe line companies: See Part 110. Uniform system of accounts and depreciation charts for pipe line companies: Section 156.0 Instructions governing the recording and reporting of changes in property subsequent to the date of valuation of carriers by pipe lines. Valuation Order No. 3, Second Revised Issue, provides that every common carrier subject to the Interstate Commerce Act shall record and report changes in physical property in accordance with regulations, instructions and forms thereby prescribed; Revised Supplement No. 4 to Valuation Order No. 3, Second Revised Issue, provides a list of units for use of all such carriers in the preparation of completion reports and the record of property changes; Revised Supplement No. 5 to Valuation Order No. 3, Second Revised Issue, prescribes instructions to govern the preparation by all such carriers of reports of property changes on B. V. Forms Nos. 588-R and directs the filing of the same with the Commission within 90 days from the date prescribed by the Director, Bureau of Valuation; Valuation Order No. 3, Second Revised Issue, in Par. 23 of General Instructions, provides: The form of the records and reports herein prescribed are those applicable to steam roads only, and the instructions governing the use of those records and reports have been expressed in terms that are likewise applicable to steam roads Page 1936 only. Nevertheless, the records and reports prescribed and the instructions governing them, after suitable modification to adapt them to the varying terminology and arrangement of the accounting classifications prescribed by the Commission, shall apply with equal force to all common carriers that are subject to the act to regulate commerce. It appearing that the arrangement by accounts of the list of units prescribed by Revised Supplement No. 4 to Valuation Order No. 3, Second Revised Issue, and the instructions to govern the preparation and filing of B. V. Form 588-R prescribed by Revised Supplement No. 5 to Valuation Order No. 3, Second Revised Issue, are applicable to common carriers by rail and not appropriate for use by pipe line carriers for which the Commission has prescribed a separate and different uniform system of accounts; Now, therefore, in order to provide appropriate instructions to govern the recording and reporting of changes in the physical property of common carriers by pipe line subject to the Interstate Commerce Act; it is ordered that (a) Each and every such carrier or receiver or operating trustee of any such carrier be, and is hereby, required to record such property changes subsequent to the date fixed for the basic inventory of its property, in accordance with the provisions of Valuation Order No. 3, Second Revised Issue, and the list of property units included in the detailed instructions attached hereto and made a part hereof, entitled "Instructions to Govern the Preparation of B. V. Form No. 588-R by Pipe Line Carriers"; (b) Each and every such carrier, or receiver or operating trustee of any such carrier, shall make the reports to the Commission of property changes on B. V. Form No. 588-R required by Valuation Order No. 3, Second Revised Issue, in accordance with the aforesaid detailed instructions. Reports shall cover such period from the date of the basic inventory, or of any previous report, as may be fixed by the Director, Bureau of Valuation, and shall be filed within 90 days from the date prescribed by him. (c) January 1, 1937 is hereby fixed as the date on which this order shall become effective.* [Order, ICC, Nov. 7, 1936] *§§ 156.0 to 156.103, inclusive, issued under the authority contained in 37 Stat. 701, sec. 433, 41 Stat. 493, secs. 1, 2, 42 Stat. 624, secs. 207, 208, 48 Stat. 221; 49 U.S.C. 19 (a). CROSS REFERENCE: For provisions of Valuation Order No. 3, Second Revised Issue, see Part 155. 156.1 Form of report. Upon form like B. V. Form 588-R, size 11" x 17" (see § 156.101), the carrier shall file with the Commission, in duplicate, with one copy carbon-backed, statements that will show for each valuation section: (a) A list of property added since the inventory or since the date of any such previous list and its cost. (b) A list of property retired or released since the inventory or since the date of any such previous list and its cost.*+ In §§ 156.1 to 156.23, inclusive, the numbers to the right of the decimal point correspond with the respective section numbers in Instructions to govern the preparation of B. V. Form 588-R by pipe line carriers, Supplement 8 to Valuation Order 3, effective Jan. 1, 1937, 1 F.R. 2005. 156.2 Property added. Property added shall be reported separately from property retired and by actual "in place" quantities in *For statutory citation, see note to § 156.0. Page 1937 |