HP 3000 Manuals

COBOL/HP-UX Language Reference for the Series 700 and 800

General Rules for all Conditional Compilation Statements 

   1.  Conditional compilation statements are indicated by a dollar ($)
       in column 7 of the COBOL source line followed by one of the key
       words IF, ELSE, END.

   2.  Conditional compilation should not be used to split a COBOL
       character string, that is continuation lines should not be split
       by conditional compilation controls.

MPE/iX 5.0 Documentation