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Friday, 6 July 1906

In Committee(Consideration resumed from 5th July, vide page 1105):

Clause 7 -

1.   Any person who wilfully monopolizes or attempts to monoplize, or combines or conspires with any other person to monopolize, any part of the trade or commerce with other countries or among the States, with the design of controlling, to the detriment of the public, the supply or price of any merchandise or commodity, is guilty of an indictable offence.

Penalty : Five hundred pounds, or one year's imprisonment or both ; in the case of a corporalion, Five hundred pounds.

2.   Every contract made or entered into in contravention of this section shall be absolutely illegal and void.

Amendment (by Mr. Isaacs) agreed to -

That the word "wilfully," line 1, be left out.

Amendment (by Mr. Isaacs) proposed -

That the words " the design of controlling," line 5, be left put, witha view to insert in lieu thereof the words " intent to control."

Suggest corrections