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

ìrtof ks. Po ft
whi Ìe ports
IV
II
Purpose ond scope.
_32_
is very short, reloting to o single feoturê,
ond VI deol h/ith odministrotion ond enforcement.
In this qnd the following sections of chqpter 2, the
ìrrriter hqs - for motters requiring juridicol expertness - hod
frequent recourse to Frederik Jensen et ql. (Ref. 12).
Art. I of the Monopoli€s qnd Restrictive Proctices Control
Act reods qs folloh,s: "The purpose of this Act is, by meons of
public control of monopolies ond restrictive business proctices,
to prevent unr.eosonqble prices ond business conditions ond to
'*
secure the best possible conditions for the freedom of trode. "
New definition of' . - If this qrticle is compored
with the objectives of the monopolies legislotion os defined by
the Trust Conrnission, o difference witl þe noted in two respects
moinly: (i) The.re is no specific mention of economic efficiency;
(ii) it is purposed to prevent unreosonqble prices, not
unreosonoble profi t s.
The chongê u/os mqdè in the Bill during the porliomentory
procedure, ond the following explonotion wos given by the
Government spokesmon3 -
Any possoge quoted from this Act follows the wording of
the officiol trqnslotion.