Matter of Reading Co.

OPINION AND ORDER NO. 992

DITTER, District Judge.

I. INTRODUCTION

Pursuant to the mandate of the Court of Appeals in In re Central Railroad of New Jersey, 515 F.2d 506 (3d Cir. 1975) (Table), 1 and Order No. 880 in these proceedings, see In re Reading Company, 398 F.Supp. 280 (E.D.Pa.1975), a hearing was held on October 15,1975, to determine whether the trustees of Reading Company should be permitted to make payments on account of deferred interline balances under Order No. 730 for the months of October, November, and December, 1975.

The facts giving rise to this ongoing controversy are set forth…