<PAGE> 1
As filed with the Securities and Exchange Commission on May 30, 1995.
Registration Nos. 2-50931
811-02485
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 49
and/or
REGISTRATION STATEMENT UNDER
THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 27
(Check appropriate box or boxes)
John Hancock Current Interest
(Exact Name of Registrant as Specified in Charter)
101 Huntington Avenue
Boston, Massachusetts 02199-7603
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code
(617) 375-1700
THOMAS H. DROHAN
Vice President and Secretary
John Hancock Advisers, Inc.
101 Huntington Avenue
Boston, Massachusetts 02199-7603
(Name and Address of Agent for Service)
It is proposed that this filing will become effective (check appropriate box)
(x) immediately upon filing pursuant to paragraph (b)
( ) on (date) pursuant to paragraph (b)
( ) 60 days after filing pursuant to paragraph (a)
( ) on (date) pursuant to paragraph (a) of Rule 485
Calculation of Registration Fees Under the Securities Act of 1933
<TABLE>
Proposed Maximum Proposed Aggregate
Title of Securities Amount of Shares Offering Price Maximum Amount of
Being Registered Being Registered Per Share Offering Price Registration Fee
<S> <C> <C> <C> <C>
Shares of Beneficial Interest Indefinite* N/A N/A N/A
Shares of Beneficial Interest 30,365,826 $1.00 $289,998 $100
</TABLE>
*Registrant continues its election to register an indefinite number of shares
of beneficial interest pursuant to Rule 24f-2 under the Investment Company Act
of 1940, as amended.
**Registrant elects to calculate the maximum aggregate offering price pursuant
to Rule 24e-2. 477,975,886 shares were redeemed during the fiscal year ended May
31, 1994. 447,900,058 shares were used for reductions pursuant to Paragraph (c)
of Rule 24f-2 during the current fiscal year. 30,365,826 shares is the amount of
redeemed shares used for reduction in this Amendment. Pursuant to Rule 457(c)
under the Securities Act of 1933, the maximum public offering price of $1.00 per
share on May 25, 1995 is the price used as the basis for calculating the
registration fee. While no fee is required for the 30,075,828 shares, the
Registrant has elected to register, for $100, an additional of 289,998 shares
(approximately 289,998 shares at $1.00 per share).
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, Registrant has
registered an indefinite number of securities under the Securities Act of 1933.
The Registrant filed the notice required by Rule 24f-2 for its most recent
fiscal year on or about May 31, 1994.
<PAGE> 2
PARTS A, B AND C OF POST-EFFECTIVE AMENDMENT NO. 48 TO THE REGISTRANT'S
REGISTRATION STATEMENT ON FORM N-1A ARE INCORPORATED HEREIN BY REFERENCE.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereto duly
authorized, in the City of Boston and The Commonwealth of Massachusetts on the
30th day of May, 1995.
JOHN HANCOCK CURRENT INTEREST
By: *
----------------------------
Edward J. Boudreau, Jr.
Chairman and Chief Executive
Officer
Pursuant to the requirements of the Securities Act of 1933, the
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
SIGNATURE TITLE DATE
--------- ----- ----
* Chairman and Chief Executive
- ------------------------- Officer (Principal Executive
Edward J. Boudreau, Jr. Officer)
/s/ James B. Little
- -------------------------
James B. Little Senior Vice President and Chief May 30, 1995
Financial Officer (Principal
Financial and Accounting Officer)
* Trustee
- -------------------------
James F. Carlin
* Trustee
- -------------------------
William H. Cunningham
* Trustee
- -------------------------
Charles L. Ladner
C-1
<PAGE> 4
SIGNATURE TITLE DATE
--------- ----- ----
* Trustee
- -------------------------
Leo E. Linbeck, Jr.
* Trustee
- -------------------------
Patricia P. McCarter
* Trustee
- -------------------------
Steven R. Pruchansky
* Trustee
- -------------------------
Norman H. Smith
* Trustee
- -------------------------
John P. Toolan
*By: /s/ Thomas H. Drohan May 30, 1995
-------------------
Thomas H. Drohan,
Attorney-in-Fact
C-2
<PAGE> 1
May 26, 1995
John Hancock Current Interest
101 Huntington Avenue
Boston, MA 02199
Re: Post-Effective Amendment No. 49 to Registration
Statement on Form N-1A (File Nos. 2-50931 and
811-02485) (the "Registration Statement")
------------------------------------------------
Ladies and Gentlemen:
John Hancock Current Interest (the "Trust") is a
Massachusetts business trust organized under a written Declaration
of Trust dated, executed and delivered in Houston, Texas on
October 3, 1991, as amended on October 22, 1991, February 15, 1994
and December 16, 1994 (as so amended the "Declaration of Trust").
The beneficial interests thereunder are represented by
transferable shares of beneficial interest, par value $0.01 per
share.
The Trustees of the Trust have the powers set forth in the
Declaration of Trust, subject to the terms, provisions and
conditions therein provided. Pursuant to Article VI, Section 6.1
of the Declaration of Trust, the number of shares of beneficial
interest authorized to be issued under the Declaration of Trust is
unlimited. Pursuant to Article VI, Section 6.9 of the Declaration
of Trust, the Trustees are authorized to divide the shares into
one or more series of shares and one or more classes thereof.
Under Article VI, Section 6.4 of the Declaration of Trust, the
Trustees may issue shares for such amount and type of
consideration, including cash and property, at such time or times,
and on such terms as they may deem best without action or approval
of the shareholders.
We understand that you are about to register under the
Securities Act of 1933, as amended, 30,365,826 shares of
beneficial interest by Post-Effective Amendment No. 49 to the
Trust's Registration Statement.
We have examined the Declaration of Trust, the By-Laws,
resolutions of the Board of Trustees and such other documents as
we have deemed necessary or appropriate for the purpose of this
opinion, including, but not limited to, originals, or copies
<PAGE> 2
John Hancock Current Interest
May 26, 1995
Page 2
certified or otherwise identified to our satisfaction, of such
documents, Trust records and other instruments. In our
examination of the above documents, we have assumed the
genuineness of all signatures, the authenticity of all documents
submitted to us as originals, the conformity to original documents
of all documents submitted to us as certified or photostatic
copies, the authenticity of the originals of such latter documents
and the legal competence of each individual executing any
documents.
For purposes of this opinion letter, we have not made an
independent review of the laws of any state or jurisdiction other
than The Commonwealth of Massachusetts and express no opinion with
respect to the laws of any jurisdiction other than the laws of The
Commonwealth of Massachusetts. Further, we express no opinion as
to compliance with any state or federal securities laws, including
the securities laws of The Commonwealth of Massachusetts.
Our opinion below, as it relates to the nonassessability of
the shares of the Trust, is qualified to the extent that under
Massachusetts law, shareholders of a Massachusetts business trust,
such as the Trust, may be held personally liable for the
obligations of such trust. In this regard, however, please be
advised that the Declaration of Trust disclaims shareholder
liability for acts or obligations of the Trust and provides that
notice of such disclaimer shall be given in each note, bond,
contract, certificate or undertaking made or issued by or on
behalf of the Trust. Also, the Declaration of Trust provides for
indemnification out of Trust property for all loss and expense of
any shareholder held personally liable solely by reason of his
being or having been a shareholder of the Trust.
We are of the opinion that all necessary Trust action
precedent to the issue of the shares of beneficial interest of the
Trust comprising the shares covered by Post-Effective Amendment
No. 49 to the Registration Statement has been duly taken, and that
all such shares may legally and validly be issued for cash, and
when sold will be fully paid and non-assessable by the Trust upon
receipt by the Trust or its agent of consideration therefor in
accordance with terms described in the Trust's Declaration of
Trust and the Registration Statement, subject to compliance with
the Securities Act of 1933, as amended, the Investment Company Act
of 1940, as amended, and the applicable state laws regulating the
sale of securities.
We consent to your filing this opinion with the Securities
and Exchange Commission as an Exhibit to Post-Effective Amendment
No. 49. Except as provided in this paragraph, this opinion may
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John Hancock Current Interest
May 26, 1995
Page 3
not be relied upon by, or filed with, any other parties or used
for any other purpose.
Very truly yours,
/s/ Hale and Dorr
----------------
