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Submitted to the Foculty of Groduqte Studies ond Reseorch in portiol ...

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-2<br />

is Þosicolly correct. îhe legislotion, on <strong>the</strong> o<strong>the</strong>r h<strong>ond</strong>, is<br />

designed <strong>to</strong> curb 'qbusive, morket c<strong>ond</strong>uct. Pubticíty is employeO<br />

<strong>to</strong> stimulqte competition omong producêrs <strong>ond</strong> trqders, <strong>ond</strong> <strong>to</strong><br />

<strong>in</strong>form <strong>the</strong> consumen. In emergency situotions, direct price<br />

reguldtion con be resorted <strong>to</strong>. The system oppeors on <strong>the</strong> !,/hole<br />

<strong>to</strong> hove been comporotivety successful <strong>in</strong> ensur<strong>in</strong>g reosonoble<br />

prices <strong>ond</strong> pr<strong>of</strong>itsr <strong>ond</strong> it hos olso served <strong>the</strong> public by contri-<br />

but<strong>in</strong>Q <strong>to</strong> <strong>in</strong>dustriol peoce.<br />

It wos decided òt on eorty s<strong>to</strong>ge thot <strong>the</strong> mo<strong>in</strong> <strong>the</strong>rpe shoúId<br />

be preceded by on <strong>in</strong>troduc<strong>to</strong>ry chopter discuss<strong>in</strong>g somç <strong>of</strong> <strong>the</strong><br />

problems <strong>in</strong>herent <strong>in</strong> qntítrust policy. These ore be<strong>in</strong>g deolt<br />

with,,very sunnnorily, under severol sub-heod<strong>in</strong>gs be1ow. First<br />

h,edrcwonoutl<strong>in</strong>e<strong>of</strong>PortsI<strong>ond</strong>II<strong>of</strong><strong>the</strong>Thesis.<br />

Port I is o descriptive <strong>ond</strong> <strong>in</strong>terpre<strong>to</strong>tive onolysis <strong>of</strong> <strong>the</strong><br />

MRPC Àct, or <strong>the</strong> Dqnish monopolíes legislotion proper¡ which<br />

is thè central motter <strong>to</strong> be treqted. It beg<strong>in</strong>s, <strong>in</strong> chopter 2,<br />

with o sêction têrmed rA bri€f his<strong>to</strong>ricol occount,, iá which<br />

we dist<strong>in</strong>guish <strong>the</strong> circums<strong>to</strong>nces cous<strong>in</strong>g <strong>the</strong> Act, <strong>to</strong> enöbl6 <strong>the</strong><br />

:<br />

reoder <strong>to</strong> view it <strong>in</strong> its truê perspectiv€, The sectionsi thot<br />

folLoù give de<strong>to</strong>ils <strong>of</strong> <strong>the</strong> legislotion, with emphosis uþon thê<br />

def<strong>in</strong>itionol groundwork <strong>ond</strong> th€ woy <strong>in</strong> which <strong>the</strong> contr.ol mechonism<br />

operotes. Chopter 3 is devoted <strong>to</strong> <strong>the</strong> PP Act 1974. The f<strong>in</strong>ol<br />

choptêr <strong>of</strong> Port I contq<strong>in</strong>s odm<strong>in</strong>istrotive <strong>ond</strong> court decisions,<br />

which Ìvere tÍ'onsloted from <strong>the</strong> Donish text <strong>in</strong> on obbrevioted form<br />

<strong>to</strong> explo<strong>in</strong> <strong>the</strong> Legislotion more thoroughly <strong>ond</strong> comment on it.<br />

l<br />

Port II evo¡.uotes thê legislotion. It comprises síx chopters.

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