UNITED STATES
SECURITES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G (Amendment
No. 11) Item 1(a) Name of Issuer:
Hardinge Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
One Hardinge Drive
P.O. Box 1507
Elmira, New York 14902
Item 2(a) Name of Person Filing:
Chemung Canal Trust Company
Item 2(b) Address or Principal Business Office or, if none,
residence: One Chemung Canal Plaza
Elmira, New York 14901
Item 2(c) Citizenship:
U.S.A. - State of New York
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
412324 30 3
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the
Act (b) (X) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of
the Act
(d) ( ) Investment Company registered under Section 8 of
the Investment Company Act
(e) ( ) Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement
Income Security Act of 1974 or Endowment Fund
(g) ( ) Parent Holding Company, in accordance with Section
240.13d-(b)(ii)(G)
(h) ( ) Group, in accordance with Section 240.13d-
1(b)(1)(ii)(H)
Item 4 Ownership:
If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any
month described in Rule 13d-1(b)(2), if applicable, exceeds
five percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
Shares of Hardinge Inc. Common Stock are held by Chemung
Canal
Trust Company in various fiduciary capacities either alone or
with others. It alone holds sole voting powers as to 518,400
shares and sole dispositive powers as to 355,745 shares of
Common Stock except that as to 123,869 shares held by it as
trustee of the Hardinge Inc. Savings Plan, it is required in
the event of a tender offer or of any corporate action
requiring a greater than majority vote of shareholders to act
in accordance with instructions received from Plan
participants. It shares with others the voting and
dispositive powers as to 236,556 shares of Common Stock.
(a) Amount Beneficially Owned:
754,956
(b) Percent of Class:
11.62% based on 6,495,559 shares outstanding on December
31, 1997, as reported by the issuer.
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
518,400 (ii) shared power to vote or to direct the vote:
236,556 (iii)sole power to dispose or to direct the disposition of:
355,745 (iv) shared power to dispose or to direct the disposition of:
236,556 Item 5 Ownership of Five Percent or Less of a Class:
NOT APPLICABLE
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
If any other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to
that effect should be included in response to this item and,
if such interest relates to more than five percent of the
class, such person should be identified. A listing of the
shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of
employee benefit plan, pension fund or endowment fund is not
required.
Shares of Hardinge Inc. Common Stock are held by Chemung
Canal Trust Company in various fiduciary capacities either
alone or with others. It alone holds sole voting and
dispositive powers as to 355,745 shares; sole voting but no
power to dispose as to 162,655 shares; and shared voting and
dispositive powers as to 236,556 shares. No shares are owned
by Chemung Canal Trust Company in its separate corporate
capacity. With respect to all of said shares, other persons
have the right to receive and in certain instances, the power
to direct the receipt of dividends from, or the proceeds from
the sale of, said shares.
None of such interests relates to more than 5% of the
Issuer's shares.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security being Reported on By the Parent Holding
Company:
If a parent holding company has filed this schedule, pursuant
to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3
classification of the
relevant subsidiary. If a parent holding company has filed
this schedule pursuant to Rule 13d-1(c), attach an exhibit
stating the identification of the relevant subsidiary.
NOT APPLICABLE
Item 8 Identification and Classification of Members of the Group:
If a group has filed this schedule pursuant to Rule 13d
1(b)(ii)(H), so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3 classification of
each member of the group. If a group has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit
stating the identity of each member of the group.
NOT APPLICABLE
Item 9 Notice of Dissolution of Group:
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the
securities reported on will be filed, if required by members
of the group in their individual capacity.
NOT APPLICABLE
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: February ____, 1998.
Signature: CHEMUNG CANAL TRUST COMPANY
By ________________________________
Name/Title: /s/Robert J. Hodgson
Senior V.P., General Counsel &
Secretary
