Clause 18. — (Purchase and Sale of Securities: Application of SS. 19–21.)

but then extreme measures have to be adopted here. We are probably fighting a losing battle anyway, because nothing that has gone before suggests that we have come out on top. Even if it does restrain some of the transactions in stocks and shares and activities of bond holders, are we really rendering any real service to the community or to the economy thereby? The time may come when these restraints are inevitable if we are to succeed in stopping tax avoidance.

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