In re Grand Rapids R.

RAYMOND, District Judge.

Exceptions have been filed by Irving Trust Company, as successor trustee under the indenture of first mortgage, to the eighth and final report of the special master. From this report it appears that the debtor’s amended plan of reorganization has been fully consummated except for the delivery, exchange and distribution of certain unclaimed new securities.

The special master denied the petition of Irving Trust Company requesting that the undelivered securities distributable to holders of old bonds on behalf of whom it had filed a claim should be held in trust…