PLANT FUND:

   Plant Fund operations show that funds expended or encumbered dur-
ing the period total $944,995. 28, leaving an amount spent in excess
of the appropriation of $16, 817. 59. Plant funds made available through
February 28, 1954, total $928, 177. 69.

                                             Respectfully submitted,



                                             Frank D. Peterson
                                             Comptroller