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July 27, 1995
United States Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
VIA EDGAR TRANSMISSION
Re: Rule 24f-2 Notice for
John Hancock Current Interest - John Hancock U.S. Government Cash
Reserve Fund
Registration No. 2-50931
SEC Filing Fees Account #0000026262
Dear Gentlemen:
The purpose of this letter is to notify you within two (2) months of the end of
Registrant's Fiscal Year of the number of Registrant's shares of beneficial
interest ("shares") sold during the last fiscal year which are to be registered
pursuant to Rule 24f-2 and to pay the appropriate registration fee.
The information required by the above referenced rule is as follows:
Fiscal Year: June 1, 1994 to May 31, 1995
Number of Shares previously Registered
Other than Pursuant to Rule 24f-2
Remaining Unsold at Beginning of Fiscal Year: -0-
Number of Shares Registered During Fiscal Year
Other than Pursuant to Rule 24f-2: Total: 30,365,826
Number of Shares Sold During Fiscal Year: Total: 215,745,531
Number of Shares Registered During Fiscal Year
Pursuant to Rule 24f-2: Total: 215,745,531
Attached to this Rule 24f-2 Notice, and made part hereof, is an opinion of
counsel indicating that the Shares, the Registration of which the notice
makes definite in number, were legally issued, fully paid and non-assessable by
the Registrant.
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United States Securities and Exchange Commission
John Hancock Current Interest
July 27, 1995
Page Two
In accordance with subsection (c) of Rule 24f-2, a registration fee for
John Hancock Current Interest of $0.00 is due. The fee computation is
based upon the following:
Aggregate Sale Price for which the Shares were Sold
During Fiscal Year: $215,745,531
Reduced by the difference between:
(1) Aggregate Redemption Price of Shares
Redeemed During the Fiscal Year and,
$283,477,739
(2) Aggregate Redemption Price of Redeemed
Shares Previously Applied by Fund
Pursuant to Rule 24e-2 (a) Filings Made
Pursuant to Section 24(e)(1) of
Investment Company Act of 1940
$0.00
Net Sales Applicable for fee: $(67,732,208)
Rate: 1/29 of 1%
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Computation of Fee:
Registration Fee: $0.00
Any questions regarding this matter should be addressed to William H. King,
Associate Treasurer, John Hancock Advisers, Inc., 101 Huntington Avenue, 8th
Floor, Boston, MA 02199-7603, (617) 375-1668.
Very truly yours,
/s/ William H. King
William H. King
Associate Treasurer
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United States Securities and Exchange Commission
John Hancock Current Interest Series
July 27, 1995
Page Three
(2) Aggregate Redemption Price of Redeemed
Shares Previously Applied by Fund
Pursuant to Rule 24e-2 (a) Filings Made
Pursuant to Section 24(e)(1) of
Investment Company Act of 1940
$0.00
Net Sales Applicable for fee:
Rate: X.00029000
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Computation of Fee:
Fee: $0.00
Any questions regarding this matter should be addressed to William H. King,
Associate Treasurer, John Hancock Advisers, Inc., 101 Huntington Avenue, 8th
Floor, Boston, MA 02199-7603, (617) 375-1668.
Please acknowledge receipt of this letter and the listed enclosures by date
stamping the enclosed copy of this letter and returning it to me in the
enclosed envelope.
Very truly yours,
/s/ William H. King
William H. King
Associate Treasurer
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HALE AND DORR
COUNSELLORS AT LAW
60 STATE STREET, BOSTON, MASSACHUSETTS O2109
617-526-6000 * FAX 617-526-5OOO
July 28, 1995
John Hancock Current Interest
101 Huntington Avenue
Boston, MA 02199
Re: Rule 24f-2 Notice
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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 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. Pursuant to Article VI, Section 6.9, the Trustees established one
separate series of shares designated "John Hancock U.S. Government Cash
Reserve."
We understand that, pursuant to Rule 24f-2 under the Investment Company
Act of 1940, as amended (the "1940 Act"), the Trust has registered an
indefinite number of shares of beneficial interest under the Securities Act of
1933, as amended (the "1933 Act").
WASHINGTON, DC BOSTON, MA MANCHESTER, NH
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HALE AND DORR IS A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS
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John Hancock Current Interest
July 28, 1995
Page 2
We understand that you are about to file with the Securities and
Exchange Commission a notice pursuant to Rule 24f-2 (the "Rule 24f-2 Notice")
making definite the registration of 215,745,531 shares of beneficial interest
of the Trust (the "Shares") sold in reliance upon said Rule 24f-2 during the
fiscal year ended May 31, 1995.
We have examined the Declaration of Trust, the By-Laws, resolutions of
the Board of Trustees, a certificate of the Vice President and Chief Financial
Officer of the Trust to the effect that the Trust or its agent received the
consideration for the Shares of the Trust in accordance with the terms of the
Declaration of Trust, and such other documents as we have deemed necessary or
appropriate for the purposes of this opinion, including, but not limited to,
originals, or copies 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 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 act or obligations of the Trust and provides that notice of such disclaimer
may 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; provided,
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John Hancock Current Interest
July 28, 1995
Page 3
however, that no Trust property may be used to indemnify any shareholder of
any series of the Trust other than Trust property allocated or belonging to
that series.
We are of the opinion that all necessary Trust action precedent to the
issuance of the Shares has been duly taken, and that the Shares were legally
and validly issued, and are fully paid and non-assessable by the Trust,
subject to compliance with the 1933 Act, the 1940 Act and the applicable state
laws regulating the sale of securities.
We consent to your filing this opinion with the Securities and
Exchange Commission together with the Rule 24f-2 Notice referred to above.
Except as provided in this paragraph, this opinion may not be relied upon by,
or filed with, any other parties or used for any other purpose.
Very truly yours,
/s/ Hale and Dorr
Hale and Dorr
