In the Matter of Coast Investors, Inc., a Washington Corporation, Debtor

This is an appeal from an order of the district court fixing fee allowances in proceedings under Chapters X and XI of the Bankruptcy Act, 11 U.S.C. § 501 et seq. and § 701 et seq., and is taken pursuant to leave of this court as required by section 250 of the Bankruptcy Act, 11 U.S.C. § 650 (1964).

The debtor, Coast Investors, Inc., sold interest-bearing debentures to the public and invested the proceeds in mortgages, real estate contracts, and real estate. On March 5, 1964, Coast Investors, Inc., filed a petition for an arrangement under Chapter XI of the Bankruptcy Act. On June 4, 1964, the proceedings were transferred to Chapter X. On March 17, 1966, a plan of reorganization was approved providing for long-term liquidation of the debtor through a continuing trusteeship under the court’s supervision.

The approved plan required fee claimants to file applications for allowance by a date fixed in the plan. The claims filed by the Receiver-Trustee and the Referee-Special Master are not at issue here. The firm of Howe, Davis, Riese & Jones requested $56,442.50 as compensation for services rendered as counsel for the Receiver-Trustee. Joseph C. McKinnon requested $18,000 as…