EXHIBIT 25.1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT
TO SECTION 305(b)(2) ___________
______________________________
BANKERS TRUST COMPANY
(Exact name of trustee as specified in its charter)
NEW YORK 13-4941247
(Jurisdiction of Incorporation or (I.R.S. Employer
organization if not a U.S. national bank) Identification no.)
FOUR ALBANY STREET
NEW YORK, NEW YORK 10006
(Address of principal (Zip Code)
executive offices)
BANKERS TRUST COMPANY
LEGAL DEPARTMENT
130 LIBERTY STREET, 31ST FLOOR
NEW YORK, NEW YORK 10006
(212) 250-2201
(Name, address and telephone number of agent for service)
_________________________________
SOUTHERN INVESTMENTS UK PLC
(Exact name of obligor as specified in its charter)
ENGLAND AND WALES NONE
(State or other jurisdiction of (I.R.S. employer
Incorporation or organization) Identification no.)
800 PARK AVENUE, AZTEC WEST
ALMONDSBURY, BRISTOL BS12 4SE, ENGLAND N.A.
(Address of principal executive offices) (Zip Code)
______________________________
___% SENIOR NOTES DUE 2006
(Title of the indenture securities)
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ITEM 1. GENERAL INFORMATION.
Furnish the following information as to the trustee.
(a) Name and address of each examining or supervising authority
to which it is subject.
NAME ADDRESS
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Federal Reserve Bank (2nd District) New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
New York State Banking Department Albany, NY
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
ITEM 2. AFFILIATIONS WITH OBLIGOR.
If the obligor is an affiliate of the Trustee, describe each such
affiliation.
None.
ITEM 3.-15. NOT APPLICABLE
ITEM 16. LIST OF EXHIBITS.
EXHIBIT 1 - Restated Organization Certificate of Bankers Trust
Company dated August 7, 1990 and Certificate of
Amendment of the Organization Certificate of
Bankers Trust Company dated June 21, 1995 -
Incorporated herein by reference to Exhibit 1
filed with Form T-1 Statement, Registration
No. 33-65171.
EXHIBIT 2 - Certificate of Authority to commence business -
Incorporated herein by reference to Exhibit 2
filed with Form T-1 Statement, Registration
No. 33-21047.
EXHIBIT 3 - Authorization of the Trustee to exercise corporate
trust powers - Incorporated herein by reference to
Exhibit 2 filed with Form T-1 Statement,
Registration No. 33-21047.
EXHIBIT 4 - Existing By-Laws of Bankers Trust Company, dated
as amended on October 19, 1995. - Incorporated
herein by reference to Exhibit 4 filed with Form
T-1 Statement, Registration No. 33-65171.
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EXHIBIT 5 - Not applicable.
EXHIBIT 6 - Consent of Bankers Trust Company required by
Section 321(b) of the Act. - Incorporated herein
by reference to Exhibit 4 filed with Form T-1
Statement, Registration No. 22-18864.
EXHIBIT 7 - A copy of the latest report of condition of
Bankers Trust Company dated as of March 31, 1996.
EXHIBIT 8 - Not Applicable.
EXHIBIT 9 - Not Applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bankers Trust Company, a corporation organized and
existing under the laws of the State of New York, has duly caused this statement
of eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in The City of New York, and State of New York, on the 26th day
of September, 1996.
BANKERS TRUST COMPANY
By: /s/ James C McDonough
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James C. McDonough
Assistant Vice President
Legal Title of Bank: Bankers Trust Company Call Date: 3/31/96 ST-BK: 36-4840 FFIEC 031
Address: 130 Liberty Street Vendor ID: D CERT: 00623 Page RC-1
City, State ZIP: New York, NY 10006 11
FDIC Certificate No.:/ 0 / 0 / 6 / 2 / 3
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL AND STATE-CHARTERED
SAVINGS BANKS MARCH 31, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, reported the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
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C400
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Dollar Amounts in Thousands RCFD Bil Mil Thou
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ASSETS / / / / / / / / / / /
1. Cash and balances due from depository institutions (from Schedule RC-A): / / / / / / / / / / /
a. Noninterest-bearing balances and currency and coin(1) 0081 1,145,000 1.a.
b. Interest-bearing balances(2)............................................ 0071 1,403,000 1.b.
2. Securities: / / / / / / / / / / /
a. Held-to-maturity securities (from Schedule RC-B, column A).............. 1754 0 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)............ 1773 3,535,000 2.b.
3 Federal funds sold and securities purchased under agreements to resell
in domestic offices of the bank and of its Edge and Agreement / / / / / / / / / / /
subsidiaries, and in IBFs: / / / / / / / / / / /
a. Federal funds sold...................................................... 0276 3,190,000 3.a.
b. Securities purchased under agreements to resell......................... 0277 2,242,000 3.b.
4. Loans and lease financing receivables: / / / / / / / / / / /
a. Loans and leases, net of unearned income (from Schedule RC-C) RCFD 2122 24,678,000 / / / / / / / / / / / 4.a.
b. LESS: Allowance for loan and lease losses....................RCFD 3123 938,000 / / / / / / / / / / / 4.b.
c. LESS: Allocated transfer risk reserve........................RCFD 3128 0 / / / / / / / / / / / 4.c.
d. Loans and leases, net of unearned income, / / / / / / / / / / /
allowance, and reserve (item 4.a minus 4.b and 4.c)..................... 2125 23,740,000 4.d.
5. Assets held in trading accounts.............................................. 3545 32,261,000 5.
6. Premises and fixed assets (including capitalized leases)..................... 2145 857,000 6.
7. Other real estate owned (from Schedule RC-M)................................. 2150 247,000 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) 2130 253,000 8.
9. Customers' liability to this bank on acceptances outstanding................. 2155 402,000 9.
10. Intangible assets (from Schedule RC-M)....................................... 2143 12,000 10.
11. Other assets (from Schedule RC-F)............................................ 2160 11,579,000 11.
12. Total assets (sum of items 1 through 11)..................................... 2170 80,866,000 12.
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___________________________
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held in trading accounts.
Legal Title of Bank: Bankers Trust Company Call Date: 3/31/96 ST-BK: 36-4840 FFIEC 031
Address: 130 Liberty Street Vendor ID: D CERT: Page RC-2
City, State Zip: New York, NY 10006 12
FDIC Certificate No.: / 0 / 0 / 6 / 2 / 3
SCHEDULE RC--CONTINUED
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Dollar Amounts in Thousands / / / / / / / / Bil Mil Thou
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LIABILITIES / / / / / / / / / / / /
13. Deposits: / / / / / / / / / / /
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part RCON 2200 7,327,000 13.a.
(1) Noninterest-bearing(1)................RCON 6631 2,132,000..... / / / / / / / / / / / 13.a.(1)
(2) Interest-bearing......................RCON 6636 5,195,000..... / / / / / / / / / / / 13.a.(2)
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule / / / / / / / / / / /
RC-E part II) RCFN 2200 18,575,000 13.b.
(1) Noninterest-bearing...................RCON 6631 552,000 / / / / / / / / / / / 13.b.(1)
(2) Interest-bearing......................RCFN 6636 18,023,000 / / / / / / / / / / / 13.b.(2)
14. Federal funds purchased and securities sold under agreements to repurchase in / / / / / / / / / / /
domestic offices of the bank and of its Edge and Agreement subsidiaries, and in IBFs: / / / / / / / / / / /
a. Federal funds purchased...................................................... RCFD 0278 2,324,000 14.a.
b. Securities sold under agreements to repurchase............................... RCFD 0279 651,000 14.b.
15. a. Demand notes issued to the U.S. Treasury..................................... RCFD 2840 0 15.a.
b. Trading liabilities.......................................................... RCFD 3548 18,807,000 15.b.
16. Other borrowed money: / / / / / / / / / / /
a. With original maturity of one year or less................................... RCFD 13,784,000 16.a.
b. With original maturity of more than one year RCFD 3,462,000 16.b.
17. Mortgage indebtedness and obligations under capitalized leases.................... RCFD 2910 34,000 17.
18. Bank's liability on acceptances executed and outstanding.......................... RCFD 2920 415,000 18.
19. Subordinated notes and debentures................................................. RCFD 3200 1,227,000 19.
20. Other liabilities (from Schedule RC-G)............................................ RCFD 2930 9,724,000 20.
21. Total liabilities (sum of items 13 through 20).................................... RCFD 2948 76,330,000 21.
/ / / / / / / / / / /
22. Limited-life preferred stock and related surplus.................................. RCFD 3282 0 22.
EQUITY CAPITAL / / / / / / / / / / /
23. Perpetual preferred stock and related surplus..................................... RCFD 3838
24. Common stock...................................................................... RCFD 3230 1,002,000 24.
25. Surplus (exclude all surplus related to preferred stock).......................... RCFD 3839 528,000 25.
26. a. Undivided profits and capital reserves RCFD 3632 2,879,000 26.a.
b. Net unrealized holding gains (losses) on available-for-sale securities....... RCFD 8434 ( 8,000 26.b.
27. Cumulative foreign currency translation adjustments............................... RCFD 3284 ( 365,000 27.
28. Total equity capital (sum of items 23 through 27)................................. RCFD 3210 4,536,000 28.
29. Total liabilities, limited-life preferred stock, and equity capital (sum of items / / / / / / / / / / /
21, 22, and 28)................................................................... RCFD 3300 80,866,000 29.
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Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the statement below that best describes the Number
most comprehensive level of auditing work performed for the bank by independent external --------------------
audoitors as of any date during 1994........................................./ RCFD 6724 2 M.I
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1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statments
submits a report on the consolidated holding company auditors
(but not on the bank separately) 7 = Other audit
3 = Directors' examination of the bank conducted in 8 = No external audit work
accordance with generally accepted auditing standards
by a certified public accounting firm (may be required by
state chartering authority)
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(1) Including total demand deposits and noninterest-bearing time and savings
deposits.